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(function($){ $(document).ready(function(){ $("#article-slider-1498912639711").slideshowPlugins({1:{"img":"http://media.philstar.com/images/the-philippine-star/other-sections/starweek-magazine/20170702/Dennis-Uy-1B.jpg","text":"Phoenix Petroleum has risen against the oil industry’s Big Three",}, 2:{"img":"http://media.philstar.com/images/the-philippine-star/other-sections/starweek-magazine/20170702/Dennis-Uy-1C.jpg","text":"Uy speaks at the Philippine Stock Exchange during the initial public listing of Phoenix in July 2007",}, 3:{"img":"http://media.philstar.com/images/the-philippine-star/other-sections/starweek-magazine/20170702/Dennis-Uy-1D.jpg","text":"The businessman is also an avid golfer, sports enthusiast and patron ",}, 4:{"img":"http://media.philstar.com/images/the-philippine-star/other-sections/starweek-magazine/20170702/Dennis-Uy-1E.jpg","text":"Uy meets with Phoenix dealers in Davao City ",}, 5:{"img":"http://media.philstar.com/images/the-philippine-star/other-sections/starweek-magazine/20170702/Dennis-Uy-1F.jpg","text":"Manny Paquiao pumps gas at the opening of the 100th Phoenix station in General Santos City in 2009 ",}, }, 5); }); })(jQuery); Dennis belongs to the third generation of the Uy family whose ancestors Ega Uy and wife Tao Sui Eng were migrants from Fujian, China who settled in Davao as merchants. On July 18, 2016, Uy was appointed by President Rodrigo Duterte as the presidential adviser for sports. [6], In 2002, he along his wife[5] founded Udenna Corporation, a holdings company[2] that would later manage his business interests in various industries. Forum Energy Ltd. has an ongoing talks with China for joint oil exploration after President Duterte a close friend of Dennis Uy lift the moratorium on oil exploration. [5] His family's business was based in Tagum, and was involved in mining, supermarkets, car dealership among other industries. For sure, Uy isn’t complaining. “My parents, meanwhile, operated a small business trading copra,” he says. “We are committed to bring 2GO to new heights,” Uy says. Just weeks after gaining entry into 2GO, Uy announced a plan to bring Chelsea to public hands this July to raise up to P8 billion for the company’s expansion. He is the Chairman and President of Udenna Corporation, the parent company, which has businesses in the shipping, logistics, distribution, real estate, and service industries. His grandparents owned a shop selling fishing equipment and bread. While other tycoons struggle to get even just one foot inside Malacañang to get to Duterte’s “inner circle,” Uy knew Digong long before he even considered the presidency. [7], He founded Chelsea Logistics Holdings Corp. (CLHC) which is involved in the shipping and logistics industry and controls 2GO, a passenger ferry company. Bosso, Yousaf Bokhari... 1983 Jack y las judías mágicas (Cuentos de las estrellas) (TV) Aside from being an acute businessman, Uy is also a known sports enthusiast and patron. Known as “slow-burn contagion,” focus is now on financial deterioration occurring at firm level that can inevitably spell the failure of others because they are interrelated. [8] And in 2018, a consortium between Udenna's Mislatel (now called as Dito Telecommunity) and China Telecom won the government-sanctioned bidding that would allow the consortium to become the third major telecommunications provider in the Philippines challenging the duopoly of PLDT and Globe Telecom. Words from Father Dennis 1RYHPEHU &+85&+2)67 -26(3+ - - 67 -26(3+&(17(5 - - ',5(&7252)3$5,6+/,)( $'0,1 67 -26(3+&(17(55(17$/6 %8//(7,1 The South China Sea, as we know, is of tremendous economic and geostrategic importance: it is where a quarter of international trade goes through and where more than half of the world’s oil tankers and merchant ships pass every year. He is also the chairman of 2GO Group, a transport and logistics company based in the Philippines. Observers in the business circle say this is not surprising given his close ties to Malacañang. Lapu-Lapu Leisure Mactan will have iconic modern buildings, infinity pools, a skydiving center on a pier, a retail complex, a convention center, luxury hotels and villas, specialty dining options, private residences, and condominium suites – the works. It also entered the liquefied petroleum gas (LPG) industry and acquired Enderun Colleges.[2]. It’s the perfect metaphor to describe Uy’s life nowadays. “We are very excited about this asset not only because it represents a new product that Phoenix can offer but also because we know that it has been operated in line with the operating standard of Petronas, a Fortune 500 company,” Uy says. Board of Directors / The Governance and the Management Team. Dennis Uy (R), chairman and executive officer, and Domingo Uy (L), chairman of the board of Philippines' Phoenix petroleum company, ring the bell at the Philippine Stock Exchange in the financial district of Makati, suburban Manila on July 11, 2017, on the company's tenth anniversary of its listing. MANILA - Dennis Uy's PH Resorts Group on Monday said it has priced its follow-on offering at P1.68 per share, nearly at the midrange of its indicative offer price of P1 to P2.50. Uy disrupted the top three oil industry players in the country – the so-called Big Three of Petron Corp., Pilipinas Shell and Chevron – with the entry of his Phoenix Petroleum in 2005. Indeed, Uy’s love for basketball is legendary, even back in Davao, so when Duterte became president last year, he appointed Uy as Presidential Adviser for Sports. By the time it listed in 2007, it had at least 20 gasoline stations, mostly in the Southern Philippines, from an initial five. He is perceived to be media shy, more comfortable chatting with journalists over dinner that includes his favorite Hainanese chicken, a green salad with some artichokes and a bottle of Dalmore 12 rather than in a formal press conference. Dennis Ang Uy (born September 26, 1973) is a Chinese-Filipino businessman and diplomat who is a native of Davao City and is the founder of Udenna Corporation … The barbeque chain grew to at least eight outlets before handing over the business to his sister when he decided to focus on participating in the petroleum industry. In 2004, the company was renamed as Davao Oil Terminal Services Corp. (DOTSCO)[7] As part of this business, Uy set up a six million-barrel oil terminal serving businesses in the Davao region. Now, it has 505 gasoline stations and accounts for 6.9 percent of the market as of the first half of last year, according to data from the Department of Energy. Forbes estimated Uy's 2019 net worth at $660 million, ranking him as the Philippines' 22nd-richest. [13], Dennis Uy is married to Cherylyn Chiong who is a graduate of Business and Finance from the Ateneo de Davao University with whom he has three children; two daughters[5] and a son. In the last week of May, Udenna sold its 25 percent stake in Phoenix to ES Consultancy Corp., a little known financial strategy company, for P4 billion, the money to be used to fund the development of Uy’s casino. In Greek mythology, the Golden Age denotes a period of stability and prosperity. Ang baduy,” he laughs. The service may not be perfect but Angeleños are fortunate to have a Dennis Uy who always has the grit to improve and excel on his ventures and services. Únete a Facebook para conectar con Dennis Uy y otras personas que quizá conozcas. He has been described as the next big tycoon or the businessman to watch. Dennis Uy is also a director and vice chairman of Atok-Big Wedge. [10], Aside from being a businessman, Dennis Uy is also a diplomat. Udenna secured permission from the Philippine Amusement and Gaming Corporation to develop a casino resort near the Mactan-Cebu International Airport. It had always been his dream to enter the Philippine Basketball Association, Asia’s first professional basketball league. Dennis Uy was born and raised in Davao City[4] to an ethnic Chinese family based in Davao City and is part of the Uys' third generation. DENNIS A. UY, Filipino, 43 years old, is the founder and Chairman of the Company. On the side, I would sell school supplies and basketball cards to my classmates,” he says. He is also a close friend of Philippine President Rodrigo Duterte and is a major donor of his friend's presidential campaign in 2016. He also just recently announced his foray into the lucrative gambling business. [6] He decided to start his own business to gain independence as he felt that he did not have the freedom he aspired for himself working for his family. Like most Filipinos, Uy obviously loves basketball – as a player, fan and patron. Dennis Ang Uy[2] (born September 26, 1973 [3]) is a Chinese-Filipino businessman and diplomat who is a native of Davao City and is the founder of Udenna Corporation which has stakes in various businesses including Phoenix Petroleum. “Will let you know if we close,” Uy tells STARweek. YOUNG Davao-based tycoon Dennis Uy, whose wealth has increased exponentially during the administration of President Rodrigo “Digong” Duterte, reportedly owed the Bureau of Customs P130 million in customs taxes and duties during the previous Aquino 3rd administration. But it also has a lot to do with hard work and continuous learning. He sought the help of an expert in the creative industry to create a brand that would be able to compete with the oil industry’s Big Three. Disaster risk reduction experts on Wednesday called on Congress to allocate funding for safe and resilient evacuation centers to better prevent casualties and reduce the spread of coronavirus. “We will always look for opportunities to grow,” he tells STARweek. And while he is already a known entrepreneur with over 20 years of experience and a track record of building businesses to profit and growth, there’s no time like the present that has seen Uy on such an aggressive expansion mode. Asked about his secrets to success, Uy says it has a lot to do with timing. He started with a six million-barrel oil terminal for existing players in Davao and as he learned the ropes of the trade, he thought of having his own brand. In 2018, Gonzalez’s father, Carlos “Charlie” Gonzalez, who owns Davao City-based Ulticon together with Dennis Uy’s Udenna Development Corporation (UDEVCO), and China Harbour had formed a consortium that was able to secure the P62-billion Manila Bay reclamation project in Pasay City. [12], Uy through his company Phoenix Petroleum, owns a franchise in the Philippine Basketball Association. He is the eldest and the only boy among four children of an entrepreneurial family of Chinese descent. Filmaffinity, tu página personalizada de votación y recomendación de películas y series With your meaningful insights, help shape the stories that can shape the country. Thus, Phoenix Petroleum was born in 2005, opening its first station in Digos City, the capital of Davao del Sur. Debbie says her brother also loves to read business books. In this role, Uy plans to advance the interests of the country’s athletes and elevate sports in general. The team known as the Phoenix Pulse Fuel Masters joined the PBA in 2016 as the Phoenix Fuel Masters after their parent company bought the Barako Bull Energy franchise. “I couldn’t think of a name. MANILA -- Tycoon Dennis Uy built his fortune over a decade and did not get rich because of his ties with President Rodrigo Duterte, a lawyer for his telecommunications venture said Friday. [14] He considers other businessmen such as Steve Jobs, Jeff Bezos, and Chuck Feeney as his idols. “I knew someone, a good creative artist. The P130-million smuggling case stemmed from alleged non-payment or underdeclaration of oil shipments by Phoenix … He started his own business using income he gained from trading stocks while he was still in college and set up Dencio's Kamayan, a barbecue store which shares the same name but unrelated to a Manila-based restaurant chain. “Until now, I spend time learning from talking to people and being curious,” Uy says. Ver perfiles de personas llamadas Dennis Uy. MANILA, Philippines — Davao-based businessman Dennis Uy admitted his close ties with President Rodrigo Duterte and some of his Cabinet members when he faced a Senate probe on Thursday. Únete a Facebook para estar en contacto con Dennis Uy y otras personas que tal vez conozcas. Uy, chairman of Udenna, says the company is poised to further expand its footprint in the logistics sector with the planned consolidation of its stake in 2GO with its other shipping businesses under Chelsea Logistics. By continuing to browse the site, you are agreeing to our use of cookies. After all, in the Philippine business environment, who you know matters a lot. They have two daughters, Chelsea Denise and Charlize Donatela, and are expecting their third bundle of joy any day now. Known as “slow-burn contagion,” focus is now on financial deterioration occurring at firm level that can inevitably... Leave them for the poor and for the foreigner residing among you. The 12% value-added tax by next year is a provision of the Tax Reform for Acceleration and Inclusion passed in 2017. The fleet acquisition augments Converge’s continued efforts to meet customer needs in the City of San Fernando, Pampanga and nearby locations. 12 'stays' of Christmas: Hotels and resorts where it’s safe for you and loved ones, Winner of Friday’s $310 million Mega Millions jackpot can spend $30,000 daily for 30 years, LIST: 6 Filipino quarantine treats kids can’t get enough of, Global advertising agency RDB launches Asia Pacific hub, For Sunshine Cruz, age is nothing but a number as she stays youthful and fit, INFOGRAPHIC: Is your 3+ toddler getting ‘Todo’ nutrition for growth and protection? Uy's grandparents, Ega Uy and Tao Sui Eng were ethnic Chinese who settled in Davao as merchants and had a store which sold fishing equipment and bread while his parents ran a small business which sold copra. Take note, dear readers: policemen and not health professionals like […] Uy worked with his family for ten years and at one point ran seven firms simultaneously. While he was in college, he was already trading in the stock market and when he later decided to venture into his own business, he was able to fund this with income from stocks. [7], In 2016, Uy's Udenna Corporation had various acquisitions. Davao-based tycoon Dennis Uy is reorganizing his empire to ensure that his capital intensive telco startup, Dito Telecommunity Corp., has easy access to funds. View Dennis Uy's business profile as Chairman of the Board of Directors & Chief Strategy Officer at Phoenix Petroleum. As of this writing, Uy has not made an announcement on the deal. His main problem was coming up with a catchy name. Dennis belongs to the third generation of the Uy family whose ancestors Ega Uy and wife Tao Sui Eng were migrants from Fujian, China who settled in … “Mabait na kuya, responsible, caring and generous,” she tells STARweek. Like the other Dennis who hails from Davao, Dennis Anthony Uy was raised in the province. “Timing, timing lang. Uy’s success did not happen overnight but entrepreneurship is in his blood, coming from a family of entrepreneurs. Within the same year, Phoenix Petroleum then known as the Oilink Mindanao Distribution Company was established. The Philippine Amusement and Gaming Corp., the gaming regulator, has granted Udenna a license to develop a $300-million, 12-hectare integrated resort and casino in Mactan, Cebu. Uy and the Sy family’s SM Investments Corp. are partners in the 2GO Group. [5] Phoenix Petroleum adopted its name in 2006 and was listed in the Philippine Stock Exchange in 2007 and became the first Davao City-based company to join the stock market. Dennis Uy is founder of Udenna, a conglomerate with interests spanning petroleum, oil and gas, shipping, logistics, real estate, education and gaming. Dennis Uy downplays worries over increasing debts of his companies posted May 26, 2019 at 07:40 pm by Jenniffer B. Austria Davao City-based businessman Dennis Uy downplayed concerns over the rising debt level of his growing business empire caused by an acquisition binge over the past three years. This dream came true last year when Phoenix purchased the Barako Bull Energy franchise. But it’s not his fault that his close friend and fellow Davaoeño, Rodrigo Duterte, would be the 16th President of the Republic. Dennis Ang Uy is a Chinese-Filipino businessman who is a native of Davao City and is the founder of Udenna Corporation which has stakes in various businesses including Phoenix Petroleum. And it’s not just because of the stability and prosperity that he enjoys but because the man still looks not a day older than when he was in college. It’s this love for basketball that brought Uy and the Sy family together since way back, says Hans Sy in a recent interview. [5] He is the eldest among siblings. Among them were none other than the Philippines own Dennis Anthony Uy, founder and CEO of Converge ICT Solutions Inc., and Donn Gamboa, co-founder and CEO of White Cloak Technologies Inc. Disease 2019 ( Covid-19 ) have come out with bizarre ideas to business at an Age! The part of a corporate Pac-man already doing some hustling Colleges. [ 2.! Uy is also a director and vice Chairman of the Board of /. Investments Corp. are partners in the company more than enough food after,! Before that, the capital of Davao City, the capital of Davao City, the Age... Other Dennis who hails from Davao, Dennis Uy is also one of the tax Reform for Acceleration Inclusion. 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