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News and Events

2018 Was a Big Year for Dennis Uy

Phoenix Petroleum Philippines' profits surged by 82 percent from the year before

2018 was a good year for businessman Dennis Uy.Not only did the rising Davao-based tycoon add more businesses in his growing conglomerate portfolio (FamilyMart, Conti’s, H2O Ventures, ISM Communications Corp., etc.), Uy’s name also made the headlines after his company Mislatel emerged ...

by Pauline Macaraeg for  | March 02, 2019 08:00:00
News and Events

From Gas Stations to Shipping to Casino Resorts: The Unstoppable Rise of Dennis Uy

At just 43, the Davao entrepreneur known for his close ties to the president has built a business empire worth billions

Starting with oil retail, Davao native Dennis Uy has since built up his business empire to include a logistics company, convenience store chain, hospitality management school and gamingWhen the local oil industry was deregulated in 1998, it paved the way for smaller ...

by Paul John Caña  | May 18, 2018 09:00:00
News and Events

Davao Tycoon Dennis Uy Eyes FamilyMart to Complement His Phoenix Petroleum

Acquisition seen to boost Duterte adviser’s 500+ retail gasoline stations

Listed independent oil company Phoenix Petroleum Philippines is set to acquire the Philippine arm of Japanese convenience store chain FamilyMart, according to a disclosure to the Philippine Stock Exchange (PSE) last October 30.In the disclosure, Phoenix Petroleum revealed that it had signed ...

by Lorenzo Kyle Subido  | October 30, 2017 04:00:00
News and Events

Becoming Big Brother: How SM Group’s Early Support Spurred the Rise of Davao Tycoon Dennis Uy

Phoenix Petroleum founder recalls how BDO’s first clean loan helped the oil company grow

Long before entrepreneurship advocate Jose Ma. “Joey” Concepcion III launched the Mentor Me Program where big business leaders act as some sort of “big brother” to small business owners, an early version of the relationship was already playing out between the country’s ...

by Elyssa Christine Lopez  | September 15, 2017 09:00:00
News and Events

How Rich Is Davao-Based Entrepreneur Dennis Uy?

The fast-rising entrepreneur is on his way to establishing a diversified business empire

The listing of Chelsea Logistics Holdings Corp. on August 8 caps more than a year of frenzied mergers and acquisitions as well as fresh ventures for Dennis Uy, the emerging Davao-based tycoon. The 43-year-old entrepreneur first rose to national prominence after he ...

by Lorenzo Kyle Subido  | August 08, 2017 04:00:00
News and Events

Davao Tycoon Dennis Uy’s Wealth Expands Php459M After Chelsea Listing

The shipping and logistics firm’s share price rose 3.4% when it debuted at the PSE

Shipping firm Chelsea Logistics Holdings Corp. formally listed at the Philippine Stock Exchange (PSE) on August 8. Trading under the ticker symbol CLC, the company opened the day with a share price of Php11.04, a 3.4-percent increase from its offer price of ...

by Lorenzo Kyle Subido  | August 08, 2017 12:00:00
News and Events

Financial Adviser: 5 Things You Should Know About the Chelsea Logistics IPO

Dennis Uy's logistics company will make its debut in the stock exchange this month

 Leading shipping provider Chelsea Logistics Holdings Corp (CLC) is gearing up for its Initial Public Offering (IPO) this month. The company is raising Php5.8 billion by selling 546 million new shares to the public, equivalent to 30 percent of its expanded equity, ...

by Henry Ong  | August 01, 2017 02:00:00
News and Events

Chelsea Logistics Cuts Final IPO Price By More Than a Quarter to Php10.68

Sole underwriter says move aimed at ensuring upside for buyers of the shares

Chelsea Logistics Holdings Corp. (CLC) has set a final price of Php10.68 per share for the initial public offering of shares in the shipping company owned by Davao-based entrepreneur Dennis Uy, according to news reports quoting the offering’s sole underwriter, BDO Capital ...

by Entrepreneur Staff  | July 20, 2017 11:00:00
News and Events

Fast-Rising Davao Tycoon Dennis Uy Launches IPO for Logistics Firm

Duterte campaign donor emerges as major player in domestic cargo handling industry

UPDATED: Chelsea Logistics Cuts Final IPO Price By More than a Quarter to Php10.68Davao-based entrepreneur Dennis Uy’s Chelsea Logistics Corp. (CLC) has priced its initial public offering (IPO) at Php14.63 per share as it seeks to raise Php8 billion through the sale ...

by Elyssa Christine Lopez  | July 20, 2017 01:00:00
Run & Grow

Financial Adviser: 5 Dividend-Paying Stocks Every Saver Can Invest In to Earn Up to 8% p.a.

Consider these stocks when you're on the lookout for investment opportunities

Q: My bank recently asked me if I wanted to invest in bonds being offered by a reputable company. I was told that the bonds will pay around 5 percent interest rate per year. While the terms look fine to me, I ...

by Henry Ong  | May 09, 2017 11:00:00
Startup Tips

Financial Adviser: 5 Business Secrets from Phoenix Petroleum Founder

At 43 years old, Dennis Uy is one of the country's youngest billionaires

When the Oil Deregulation Law was implemented in 1998, there were only three major oil companies dominating the market. Dennis Uy, who was only 29 years old at that time, saw the opportunity to grab a piece of the market by opening ...

by Henry Ong  | March 21, 2017 11:00:00
Startup Tips

Making it big in Metro Manila

Thinking of setting up in Metro Manila? First consider pricing, distance and support before making that move.

Some franchise businesses that started outside Metro Manila – like Plato Wraps, Colette’s, Buns and Pizza, Kuya Chito’s Takuyaki and Wrap it Up! have conquered the big city, while some others remain wary of making such a move. Rudolf Kotik, founder of ...

by Mishell M. Malabaguio  | July 11, 2012 10:00:00

Leading petroleum franchise brand posts Q2 2011 results

Franchising drives company\\\'s continued growth

Leading petroleum franchise brand, Phoenix Petroleum, announced that its net income for the second quarter of the year is down by 35 percent.In a statement submitted to the Philippine Stock Exchange, Phoenix Petroleum said that its income was trimmed by as much ...

by Entrepreneur Staff  | August 02, 2011 06:00:00