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Like most Filipinos, Uy obviously loves basketball – as a player, fan and patron. They have two daughters, Chelsea Denise and Charlize Donatela, and are expecting their third bundle of joy any day now. It is said that during this time, people did not have to work because the earth provided more than enough food. 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. [14] He considers other businessmen such as Steve Jobs, Jeff Bezos, and Chuck Feeney as his idols. Únete a Facebook para estar en contacto con Dennis Uy y otras personas que tal vez conozcas. The P130-million smuggling case stemmed from alleged non-payment or underdeclaration of oil shipments by Phoenix … As of this writing, Uy has not made an announcement on the deal. 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. 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. Dennis Uy is also a director and vice chairman of Atok-Big Wedge. 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. 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. It seems that at every turn, there he is acquiring yet another business or enterprise, or increasing his stake in companies he is already involved in. “I was born to parents based in Davao City,” he shares. “He travels with his family when he has the time,” Debbie says. 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. “We are committed to bring 2GO to new heights,” Uy says. 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. [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. 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. 3 Filipinas share how it led them to action, Pfizer/BioNTech say final results show vaccine 95% effective. After all, in the Philippine business environment, who you know matters a lot. 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. 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. [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. Dennis Uy is at the helm of a growing empire. As the eldest sibling, Dennis is the ideal kuya, says his younger sister Debbie. Uy’s success did not happen overnight but entrepreneurship is in his blood, coming from a family of entrepreneurs. Management at the De La Salle University in Manila in 1993 – he spent a decade working in the family’s copra business. Philstar.com is one of the most vibrant, opinionated, discerning communities of readers on cyberspace. Ver los perfiles de las personas que se llaman Dennis Uy. Even as a young boy, he was already doing some hustling. Dennis Christopher, Martin Hewitt, Lynn-Holly Johnson, Luis Prendes, J.O. [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. For sure, Uy isn’t complaining. Únete a Facebook para conectar con Dennis Uy y otras personas que quizá conozcas. Ver perfiles de personas llamadas Dennis Uy. [5] He is the eldest among siblings. Udenna secured permission from the Philippine Amusement and Gaming Corporation to develop a casino resort near the Mactan-Cebu International Airport. 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. “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. 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. [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. He put this up because after playing basketball, he often found himself hungry but could not find a good place to eat. 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. 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. “Until now, I spend time learning from talking to people and being curious,” Uy says. Today, Phoenix has no doubt disrupted the industry. 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. 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. 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. 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 … 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. On the side, I would sell school supplies and basketball cards to my classmates,” he says. 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. [7], In 2016, Uy's Udenna Corporation had various acquisitions. Forbes estimated Uy's 2019 net worth at $660 million, ranking him as the Philippines' 22nd-richest. [12], Uy through his company Phoenix Petroleum, owns a franchise in the Philippine Basketball Association. 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 … After finishing his studies – he obtained a Bachelor of Science in Business. [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. Debbie says her brother also loves to read business books. He is also a close friend of Philippine President Rodrigo Duterte and is a major donor of his friend's presidential campaign in 2016. It had always been his dream to enter the Philippine Basketball Association, Asia’s first professional basketball league. View Dennis Uy's business profile as Chairman of the Board of Directors & Chief Strategy Officer at Phoenix Petroleum. 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. 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. Citing this data, Phoenix said it is “on track to becoming the third largest oil company in the country by the end of 2017.”. 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. The Udenna Group’s gaming and hospitality subsidiary is offering up to 450 million primary common shares, inclusive of … He started his business portfolio independently without the aid of his family members. Aside from basketball, he is also an avid golfer (he has a handicap of 23), his sister Debbie says. Phoenix also revealed plans to acquire the liquefied petroleum gas business of Malaysia-based Petronas Dagangan Berhad in the Philippines, marking its foray into the LPG industry. [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. Before that, the Sy group’s BDO Unibank helped Uy when he was just starting Phoenix. But the 43-year-old Davao-based businessman hardly looks the part of a corporate Pac-man. Philippine tycoon Dennis Uy has built an empire spanning oil, shipping, casinos and telecommunications, but eight years ago his oil-trading business was … Aside from being an acute businessman, Uy is also a known sports enthusiast and patron. And we intend to continue contributing to the growth not only of the city but of the entire country,” he says. “Mabait na kuya, responsible, caring and generous,” she tells STARweek. Phoenix holds a yearly golf tournament in Davao. 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. “Timing, timing lang. It also entered the liquefied petroleum gas (LPG) industry and acquired Enderun Colleges.[2]. In Greek mythology, the Golden Age denotes a period of stability and prosperity. It’s destiny,” he says. Since Duterte assumed office in 2016, Uy has parlayed his petroleum business, Phoenix, into stakes in shipping, convenience stores, logistics, cakes and education. Filmaffinity, tu página personalizada de votación y recomendación de películas y series 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. Observers in the business circle say this is not surprising given his close ties to Malacañang. Uy and the Sy family’s SM Investments Corp. are partners in the 2GO Group. 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. The Philippine Amusement and Gaming Corp., the gaming regulator, has granted Udenna a license to develop a $300-million, 12-hectare integrated resort and casino in Mactan, Cebu. His main problem was coming up with a catchy name. “We will always look for opportunities to grow,” he tells STARweek. GOVERNMENT officials in charge of preventing the spread of the coronavirus disease 2019 (Covid-19) have come out with bizarre ideas. It’s this love for basketball that brought Uy and the Sy family together since way back, says Hans Sy in a recent interview. “My parents, meanwhile, operated a small business trading copra,” he says. But it’s not his fault that his close friend and fellow Davaoeño, Rodrigo Duterte, would be the 16th President of the Republic. In 2004, the company was renamed as Davao Oil Terminal Services Corp. (DOTSCO)[7] As part of this business, Uy set up a six million-barrel oil terminal serving businesses in the Davao region. The 12% value-added tax by next year is a provision of the Tax Reform for Acceleration and Inclusion passed in 2017. MANILA, Philippines - It’s not an easy task keeping track of Dennis Uy and his ever-expanding portfolio of companies. The latest harebrained idea is for policemen to go house-to-house in search of coronavirus patients and compel them to be confined in government-run quarantine facilities. By continuing to browse the site, you are agreeing to our use of cookies. And it’s not just because of the stability and prosperity that he enjoys but because the man still looks not a day older than when he was in college. Like the other Dennis who hails from Davao, Dennis Anthony Uy was raised in the province. (function($){ $(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. 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. How about Gas Boy? 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. [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. She is a graduate of Business and Finance from Ateneo de Davao and is also one of the pioneers of Udenna Corp. “I helped in the family business after graduating, spending time with older businessmen,” he says. 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. 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. – Leviticus 23:22. Manténgase informado sobre las noticias de Uruguay en EL PAÍS Uruguay [5][6] He also operated two community newspapers which served Davao City but both became defunct. 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. “Will let you know if we close,” Uy tells STARweek. Dennis Uy is founder of Udenna, a conglomerate with interests spanning petroleum, oil and gas, shipping, logistics, real estate, education and gaming. Board of Directors / The Governance and the Management Team. 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 … He has an existing 1,000 direct shares in the company. His grandparents owned a shop selling fishing equipment and bread. On July 18, 2016, Uy was appointed by President Rodrigo Duterte as the presidential adviser for sports. He also just recently announced his foray into the lucrative gambling business. Dennis A. Uy. dennis-uy Converge ICT Founder and CEO Dennis Anthony H. Uy (middle) at the ceremonial turnover of service vehicles from the LausGroup of Companies. --oo0oo-- Jose “Kuya Jay” Pelayo IV is the president of Metro Angeles City Journalists Association, Inc. and the … [10], Aside from being a businessman, Dennis Uy is also a diplomat. 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. He is also the chairman of 2GO Group, a transport and logistics company based in the Philippines. 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. And so they lived to a very old age with a youthful appearance. Ang baduy,” he laughs. Indeed, this might well be called the Golden Age of Dennis Uy. I asked him, ‘Bai, gawan mo ako ng brand that can stand out against the Big Three’.”. 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. 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. 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. [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. Talking to people and being curious, ” Uy says it has a lot to do with work... 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