Shares of tycoon Enrique Razon Jr.-backed Bloomberry Resorts Corp. surged 22.11 percent on Monday after investors cheered the casino operator’s biggest digital gaming investment yet, boosting hopes that online gambling will become a bigger earnings driver.
The head of the Philippine Stock Exchange has seen companies come and go. Losing one particular firm, however, might be enough to keep him awake at night.
Enrique Razon Jr.-owned Primelectric Holdings Inc. said it is relying on cheaper power supply contracts and market efficiencies to keep electricity rates competitive across its Visayas franchise areas despite volatility in global fuel markets. All three of its distribution utilities in Iloilo, Negros, and Bohol provinces implemented lower electricity rates this month, making them among the lowest in the region.
Energy prices will remain “high” until the Middle East conflict is settled, tycoon Enrique Razon Jr. warned, with Asia bearing the brunt of supply disruptions and rising costs.
Eight major Philippine banks have joined forces to fund one of the country’s largest infrastructure deals, backing Prime Infrastructure Capital Inc.’s pumped storage hydropower projects.
Tycoon Enrique K. Razon Jr. is buying Colombia’s largest independent oil producer in his first major overseas energy deal, marking a step toward taking his energy ambitions global.
Ports and gambling tycoon Enrique Razon Jr. reclaimed the title of richest Filipino after his fortune surged to $16.5 billion (P971.36 billion) in 2026, according to the latest World’s Billionaires List by Forbes.
Ports and gaming tycoon Enrique Razon Jr. has filed a cyber libel complaint against Cavite Rep. Francisco “Kiko” Barzaga, accusing the lawmaker of spreading false and damaging allegations on social media that linked him to corruption in Congress and bribery ahead of the 2025 elections.
Tycoon Enrique Razon Jr. has scored a hard-fought legal victory in South Africa, ending more than a year of delays that clouded one of his biggest overseas port bets.