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Henry Sy is Philippines’ richest man for 7th straight year

Henry Sy

via ABS-CBNnews.com – Mall magnate Henry Sy is the Philippines’ richest man for the 7th consecutive year, according to Forbes magazine. According to the latest Forbes Philippines rich list, the country’s 50 wealthiest are worth a combined $74 billion, up 12 percent from $65.8 billion in 2013. Forbes estimated Read more »

Philippines allows full entry of foreign banks

Photo via clarabridge.com

via rappler.com – President Benigno Aquino III has signed into law a bill allowing the “full entry of foreign banks into the Philippines” in time for the 2015 ASEAN regional economic integration. The new law, Republic Act (RA) 10641 or “An Act Allowing the Full Entry of Foreign Banks in Read more »

Soon in US: Pinoy invention ‘Beer Below Zero’

Photo via philstar.com

By Louis Bacani/philstar.com – Americans will soon get a taste of beer cooled to perfection by a revolutionary technology invented by Filipinos. Beer Below Zero is set to extend its products and services to the United States this month after successfully expanding to the the Asia-Pacific market in 2010. The Read more »

Ben Chan wins Entrepreneur of the Year

Photo via inquirer.net

By Jekki Pascual/ANC – Clothing mogul Ben Chan won the prestigious Entrepreneur of the Year Award, besting 11 other finalists who are also top achievers in their own fields. This year’s edition was special as it marked the 10th year for the competition. Chan, who also won in the Master Read more »

Cebu Pacific launches inaugural flight to Dubai

Cebu Pacific

By Miguel R. Camus/Philippine Daily Inquirer – Cebu Pacific, the country’s biggest budget carrier, launched its inaugural Manila-Dubai flight Monday, marking both the airline’s first foray into the long-haul segment. In a statement, Cebu Pacific CEO Lance Gokongwei, who was present during the flight ceremony, told guests that it Read more »

Henry Sy still richest Pinoy — Forbes

Henry Sy

By Siegfrid O. Alegado/GMA News – Shopping mall tycoon Henry Sy and his family remained the country’s richest for the sixth straight year, even as seven individuals debuted on the Forbes Philippines Rich List, the American magazine said Thursday. The combined net worth of the Philippines’ 50 richest totaled Read more »