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News and Events

Anti-Trust Body Voids Key Deal in Dennis Uy’s Takeover of Negros Navigation and 2GO Group

Philippine Competition Commission also fines Uy’s Udenna Corp. and Dutch counterparty Php19.6 million

The Philippine Competition Commission (PCC), the country’s anti-trust watchdog formed only in 2016, has voided a key transaction in Dennis Uy’s acquisition of a controlling stake in shipping and logistics companies Negros Navigation and 2GO Group.In a 33-page decision made public on ...

by Elyssa Christine Lopez  | February 19, 2018 07:00:00
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
Startup Tips

Blacklisted cargo forwarders to watch out for

Better safe than sorry.

The Department of Trade and Industry (DTI) issued a list of unaccredited freight forwarders and consolidators and advised the public, particularly the Overseas Filipino Workers (OFWs) and their consignees not to transact with the said companies due to reported complaints of undelivered ...

October 24, 2012 10:00:00
Business Ideas

ICTSI acquires reefer facility in Mindanao

ICTSI subsidiary strengthens operations in Mindanao with reefer facility in the Port of Davao

The country’s largest port operator, International Container Terminal Services, Inc. continues to strengthen its operations in the country, after it successfully expanded its operations in ports across the globe.ICTSI subsidiary, Davao Integrated Ports and Stevedoring Services Corp., recently took over operations of ...

September 21, 2010 07:00:00