[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. “We are accelerating the expansion of Chelsea Logistics, with a view to making it the prime mover of goods and passengers in the Philippines,” Uy says. Udenna secured permission from the Philippine Amusement and Gaming Corporation to develop a casino resort near the Mactan-Cebu International Airport. 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. [6] According to his own account, Dennis played basketball as a childhood hobby while at the same time sold school supplies and basketball cards to his classmates. 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. Uy and the Sy family’s SM Investments Corp. are partners in the 2GO Group. “He travels with his family when he has the time,” Debbie says. Thus, Phoenix Petroleum was born in 2005, opening its first station in Digos City, the capital of Davao del Sur. He was exposed to business at an early age. Yet, no matter how low-key he attempts to be, Uy cannot conceal his success and his aggressive expansion to various industries – from logistics to gaming and now to education. And perhaps, it also has a lot to do with sheer luck – having a direct line to Malacañang and being able to convince Duterte, who publicly criticizes oligarchs, that businessmen can help him and the country. But it also has a lot to do with hard work and continuous learning. 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. [5], Uy entered De La Salle University in Manila to pursue a Bachelor of Science in Business Management degree and started to trading in the stock market. MANILA, Philippines - It’s not an easy task keeping track of Dennis Uy and his ever-expanding portfolio of companies. 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 … “I met President Duterte when he was still the mayor of Davao City. [5] Since he had an average academic performance by his own account he decided against being a lawyer and described himself to be poor in memorization to consider pursuing a career in law.[6]. In November 2017, Udenna took over the development of the former Global Gateway Logistics City at the Clark Freeport Zone in Pampanga which was later relaunched as Clark Global City. He is also the chairman of 2GO Group, a transport and logistics company based in the Philippines. Dito CME Holdings Corp. of businessman Dennis Uy, the third major telecommunications firm, climbed 8.2 percent to P5.30, while sister unit Chelsea Logistics and … On the side, I would sell school supplies and basketball cards to my classmates,” he says. Filmaffinity, tu página personalizada de votación y recomendación de películas y series Today, Phoenix has no doubt disrupted the industry. Dennis Uy is founder of Udenna, a conglomerate with interests spanning petroleum, oil and gas, shipping, logistics, real estate, education and gaming. Bosso, Yousaf Bokhari... 1983 Jack y las judías mágicas (Cuentos de las estrellas) (TV) In Greek mythology, the Golden Age denotes a period of stability and prosperity. After all, in the Philippine business environment, who you know matters a lot. He has an existing 1,000 direct shares in the company. 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. It’s the perfect metaphor to describe Uy’s life nowadays. Though he rides a sleek, black Lexus and sports a multimillion-peso watch on his wrist, Uy is a simple, soft-spoken gentleman and not one to call attention to himself or his achievements – and there are a lot. Únete a Facebook para conectar con Dennis Uy y otras personas que quizá conozcas. 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. Here’s a helpful guide, Give the gift of good health this Christmas with Maxicare PRIMA, vivo remains top smartphone brand throughout pandemic year, Where can optimism take you? “We are committed to bring 2GO to new heights,” Uy says. [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. “That is expected,” says a top official from a rival oil company in the Philippines. 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. This dream came true last year when Phoenix purchased the Barako Bull Energy franchise. 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. Todas las noticias de Uruguay y el mundo: últimas noticias en deportes, economía, política y tecnología. 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. “Hindi naman pwede benta lang ng benta (You can’t just always be selling),” he reasons. 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. He also just recently announced his foray into the lucrative gambling business. Disaster risk reduction experts on Wednesday called on Congress to allocate funding for safe and resilient evacuation centers... Home sector wants delay on TRAIN-era tax in low-cost houses, DEPARTMENT OF HUMAN SETTLEMENTS AND URBAN DEVELOPMENT, Watchdog on its toes over pandemic-induced financial risk contagion. He started his business portfolio independently without the aid of his family members. [5] His family's business was based in Tagum, and was involved in mining, supermarkets, car dealership among other industries. “Until now, I spend time learning from talking to people and being curious,” Uy says. “I was born to parents based in Davao City,” he shares. [7], In 2016, Uy's Udenna Corporation had various acquisitions. He has been the honorary consul to Kazakhstan since November 2011[11] and is tasked to develop the bilateral ties of the Philippines with the Central Asian nation. “Will let you know if we close,” Uy tells STARweek. 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. Johnny Uy, a Pampanga business icon and philanthropist who founded the oldest supermarket in Angeles City, died on Monday of natural causes, his nephew Dennis Anthony H. Uy … As of this writing, Uy has not made an announcement on the deal. Take note, dear readers: policemen and not health professionals like […] After finishing his studies – he obtained a Bachelor of Science in Business. Copyright © 2020. Debbie says her brother also loves to read business books. “Mabait na kuya, responsible, caring and generous,” she tells STARweek. Ver los perfiles de las personas que se llaman Dennis Uy. But it’s not his fault that his close friend and fellow Davaoeño, Rodrigo Duterte, would be the 16th President of the Republic. By the time it listed in 2007, it had at least 20 gasoline stations, mostly in the Southern Philippines, from an initial five. Phoenix holds a yearly golf tournament in Davao. Forbes estimated Uy's 2019 net worth at $660 million, ranking him as the Philippines' 22nd-richest. Management at the De La Salle University in Manila in 1993 – he spent a decade working in the family’s copra business. Strike while the iron is hot, so goes an old adage and it’s what Uy – fueled by passion, armed with hard work and lots of guts – seems to be doing. I asked him, ‘Bai, gawan mo ako ng brand that can stand out against the Big Three’.”. And so they lived to a very old age with a youthful appearance. 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. [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. [14] He considers other businessmen such as Steve Jobs, Jeff Bezos, and Chuck Feeney as his idols. With your meaningful insights, help shape the stories that can shape the country. Aside from being an acute businessman, Uy is also a known sports enthusiast and patron. Dennis Uy is at the helm of a growing empire. Citing this data, Phoenix said it is “on track to becoming the third largest oil company in the country by the end of 2017.”. 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. Asked about his secrets to success, Uy says it has a lot to do with timing. 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. The Udenna Group’s gaming and hospitality subsidiary is offering up to 450 million primary common shares, inclusive of … “I liked playing basketball. It had always been his dream to enter the Philippine Basketball Association, Asia’s first professional basketball league. Before that, the Sy group’s BDO Unibank helped Uy when he was just starting Phoenix. He started with a barbecue business, Dencio’s, which is not related to the popular food chain in Manila. “I knew someone, a good creative artist. Observers in the business circle say this is not surprising given his close ties to Malacañang. [1], Dennis Uy's Udenna Corporation bought 100 million common shares of Atok-Big Wedge Co. Inc. at the negotiated price of P2.00 per share or a total of P200,000,000. 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. Sign up now! 3 Filipinas share how it led them to action, Pfizer/BioNTech say final results show vaccine 95% effective. Dennis A. Uy. Dennis Christopher, Martin Hewitt, Lynn-Holly Johnson, Luis Prendes, J.O. He put this up because after playing basketball, he often found himself hungry but could not find a good place to eat. Manténgase informado sobre las noticias de Uruguay en EL PAÍS Uruguay [5] He is the eldest among siblings. 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. The 12% value-added tax by next year is a provision of the Tax Reform for Acceleration and Inclusion passed in 2017. Uy worked with his family for ten years and at one point ran seven firms simultaneously. His grandparents owned a shop selling fishing equipment and bread. As a businessman, I was able to contribute to discussions on the economic potential of Davao and how the business sector could help unlock that,” Uy says. 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. [12], Uy through his company Phoenix Petroleum, owns a franchise in the Philippine Basketball Association. As the eldest sibling, Dennis is the ideal kuya, says his younger sister Debbie. 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. 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. 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. 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. – Leviticus 23:22. Únete a Facebook para estar en contacto con Dennis Uy y otras personas que tal vez conozcas. By continuing to browse the site, you are agreeing to our use of cookies. Find contact's direct phone number, email address, work history, and more. 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. [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. 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? 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 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. Ang baduy,” he laughs. 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. 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. “I helped in the family business after graduating, spending time with older businessmen,” he says. Philippine tycoon Dennis Uy has built an empire spanning oil, shipping, casinos and telecommunications, but eight years ago his oil-trading business was … It also entered the liquefied petroleum gas (LPG) industry and acquired Enderun Colleges.[2]. The P130-million smuggling case stemmed from alleged non-payment or underdeclaration of oil shipments by Phoenix … Uy’s success did not happen overnight but entrepreneurship is in his blood, coming from a family of entrepreneurs. 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. Indeed, this might well be called the Golden Age of Dennis Uy. 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. How about Gas Boy? 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. The latest addition to his growing empire – it may be premature, but it’s looking more and more like an empire – is Enderun Colleges, a school of hospitality management and culinary arts located at McKinley Hill in Bonifacio Global City, his first venture into the education sector. [10], Aside from being a businessman, Dennis Uy is also a diplomat. Like most Filipinos, Uy obviously loves basketball – as a player, fan and patron. Like the other Dennis who hails from Davao, Dennis Anthony Uy was raised in the province. Davao-based businessman Dennis Uy has earned the trust of the Philippines' richest family, the Sys, who backed him in his foray into shipping and logistics Aug 15, 2017 10:04 AM PHT Chrisee Dela Paz On July 18, 2016, Uy was appointed by President Rodrigo Duterte as the presidential adviser for sports. Since last year’s presidential elections, Uy has been on a deal-making spree, quietly sealing business ventures left and right, but he stresses that these projects have been planned even before the age of Duterte. When he is not busy with his different businesses or sports-related commitments, Uy tries to hit the gym or spend more time with his lovely wife and their two children. “We will always look for opportunities to grow,” he tells STARweek. [5][6] He also operated two community newspapers which served Davao City but both became defunct. 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. Known for its chicken inasal, Dencio’s expanded to six outlets, but he later passed this on to his sister when he moved to the oil retailing business, where he made a name for himself. It is said that during this time, people did not have to work because the earth provided more than enough food. (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. Since Duterte assumed office in 2016, Uy has parlayed his petroleum business, Phoenix, into stakes in shipping, convenience stores, logistics, cakes and education. 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 the 43-year-old Davao-based businessman hardly looks the part of a corporate Pac-man. For sure, Uy isn’t complaining. 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...r, Experts urge more gov’t funding for evacuation centers to prevent casualties, COVID-19 spread. His wife, Cherylyn Chiong Uy, is a fashion and style icon in Davao and is known for her striking beauty. Ver perfiles de personas llamadas Dennis Uy. [7], He founded Chelsea Logistics Holdings Corp. (CLHC) which is involved in the shipping and logistics industry and controls 2GO, a passenger ferry company. [9] Atok-Big Wedge Co, Inc. a listed corporation in PSE, has 20% ownership of United Kingdom-based Forum Energy Ltd. which has the right of oil exploration in SC72 in the west Philippine Sea. Philstar.com is one of the most vibrant, opinionated, discerning communities of readers on cyberspace. He graduated from the institution in 1993. 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. After finishing his tertiary education, Dennis Uy helped ran his family's business and interacted with older businessmen. 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