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 is also the chairman of 2GO Group, a transport and logistics company based in the Philippines. 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. “He travels with his family when he has the time,” Debbie says. 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. Management at the De La Salle University in Manila in 1993 – he spent a decade working in the family’s copra business. 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. It is said that during this time, people did not have to work because the earth provided more than enough food. 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. [10], Aside from being a businessman, Dennis Uy is also a diplomat. Since Duterte assumed office in 2016, Uy has parlayed his petroleum business, Phoenix, into stakes in shipping, convenience stores, logistics, cakes and education. 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. Dennis Christopher, Martin Hewitt, Lynn-Holly Johnson, Luis Prendes, J.O. 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 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. (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. “I helped in the family business after graduating, spending time with older businessmen,” he says. 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. [12], Uy through his company Phoenix Petroleum, owns a franchise in the Philippine Basketball Association. 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. “Hindi naman pwede benta lang ng benta (You can’t just always be selling),” he reasons. View Dennis Uy's business profile as Chairman of the Board of Directors & Chief Strategy Officer at Phoenix Petroleum. 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. 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 … Before that, the Sy group’s BDO Unibank helped Uy when he was just starting Phoenix. Phoenix holds a yearly golf tournament in Davao. 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. Todas las noticias de Uruguay y el mundo: últimas noticias en deportes, economía, política y tecnología. He is the eldest and the only boy among four children of an entrepreneurial family of Chinese descent. [7], Philippine Amusement and Gaming Corporation, "Dennis Uy debuts on 2019 Forbes rich list", "How to grow a business, according to Dennis Uy", "A glimpse of the beginnings of a growing empire", "Dennis Uy to deliver keynote speech at BW Economic Forum", "Dennis Uy: 'In business, dapat may forever, "From Gas Stations to Shipping to Casino Resorts: The Unstoppable Rise of Dennis Uy", "Duterte pal takes full control of $1-B Clark Global City", https://news.abs-cbn.com/business/07/16/19/udenna-corp-buys-100-million-shares-in-mining-firm-atok-big-wedge, https://www.bworldonline.com/atok-bid-wedge-keeps-forum-stake/, "Phoenix boss Dennis Uy named Duterte's adviser for sports", "Ferraris for a kiddie party & Subaru's Tanabata Festival", https://en.wikipedia.org/w/index.php?title=Dennis_Uy&oldid=988692998, Filipino sports executives and administrators, Creative Commons Attribution-ShareAlike License, This page was last edited on 14 November 2020, at 18:29. Ver perfiles de personas llamadas Dennis Uy. GOVERNMENT officials in charge of preventing the spread of the coronavirus disease 2019 (Covid-19) have come out with bizarre ideas. 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. [5][6] He also operated two community newspapers which served Davao City but both became defunct. Today, Phoenix has no doubt disrupted the industry. 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. It’s destiny,” he says. Find contact's direct phone number, email address, work history, and more. Copyright © 2020. 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. Uy worked with his family for ten years and at one point ran seven firms simultaneously. It’s the perfect metaphor to describe Uy’s life nowadays. Observers in the business circle say this is not surprising given his close ties to Malacañang. 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. Philstar.com is one of the most vibrant, opinionated, discerning communities of readers on cyberspace. [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. “Timing, timing lang. Dennis Uy is at the helm of a growing empire. [14] He considers other businessmen such as Steve Jobs, Jeff Bezos, and Chuck Feeney as his idols. Within the same year, Phoenix Petroleum then known as the Oilink Mindanao Distribution Company was established. It’s this love for basketball that brought Uy and the Sy family together since way back, says Hans Sy in a recent interview. On July 18, 2016, Uy was appointed by President Rodrigo Duterte as the presidential adviser for sports. 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. Ang baduy,” he laughs. “I was born to parents based in Davao City,” he shares. [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. “I couldn’t think of a name. 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. For sure, Uy isn’t complaining. 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. [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. And we intend to continue contributing to the growth not only of the city but of the entire country,” he says. Citing this data, Phoenix said it is “on track to becoming the third largest oil company in the country by the end of 2017.”. Ver los perfiles de las personas que se llaman Dennis Uy. 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. 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. How about Gas Boy? DENNIS A. UY, Filipino, 43 years old, is the founder and Chairman of the Company. 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? 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. The 12% value-added tax by next year is a provision of the Tax Reform for Acceleration and Inclusion passed in 2017. 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 … --oo0oo-- Jose “Kuya Jay” Pelayo IV is the president of Metro Angeles City Journalists Association, Inc. and the … His grandparents owned a shop selling fishing equipment and bread. This dream came true last year when Phoenix purchased the Barako Bull Energy franchise. 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. 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. 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. In April, his holding company Udenna Corp. successfully gained entry into the 2GO Group, an integrated logistics company, after months of tumultuous legal battle with other shareholders. Board of Directors / The Governance and the Management Team. 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. “When we established Phoenix, we supported the city through road safety programs and disaster relief, among others. 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. He graduated from the institution in 1993. He’s From Pampanga. 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. 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 … “I met President Duterte when he was still the mayor of Davao City. In this role, Uy plans to advance the interests of the country’s athletes and elevate sports in general. 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 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. “Until now, I spend time learning from talking to people and being curious,” Uy says. Take note, dear readers: policemen and not health professionals like […] Sign up now! “My parents, meanwhile, operated a small business trading copra,” he says. – Leviticus 23:22. 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. 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. Even as a young boy, he was already doing some hustling. But the 43-year-old Davao-based businessman hardly looks the part of a corporate Pac-man. He started with a barbecue business, Dencio’s, which is not related to the popular food chain in Manila. “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. dennis-uy Converge ICT Founder and CEO Dennis Anthony H. Uy (middle) at the ceremonial turnover of service vehicles from the LausGroup of Companies. He has been described as the next big tycoon or the businessman to watch. Dennis Uy is founder of Udenna, a conglomerate with interests spanning petroleum, oil and gas, shipping, logistics, real estate, education and gaming. 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 [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. 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. Aside from being an acute businessman, Uy is also a known sports enthusiast and patron. Indeed, this might well be called the Golden Age of Dennis Uy. [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]. His wife, Cherylyn Chiong Uy, is a fashion and style icon in Davao and is known for her striking beauty. I asked him, ‘Bai, gawan mo ako ng brand that can stand out against the Big Three’.”. Bosso, Yousaf Bokhari... 1983 Jack y las judías mágicas (Cuentos de las estrellas) (TV) “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. “That is expected,” says a top official from a rival oil company in the Philippines. 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? And so they lived to a very old age with a youthful appearance. 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. Like most Filipinos, Uy obviously loves basketball – as a player, fan and patron. “I liked playing basketball. 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. After finishing his tertiary education, Dennis Uy helped ran his family's business and interacted with older businessmen. “We will always look for opportunities to grow,” he tells STARweek. “I knew someone, a good creative artist. [7], He founded Chelsea Logistics Holdings Corp. (CLHC) which is involved in the shipping and logistics industry and controls 2GO, a passenger ferry company. Dennis A. Uy. Now with his friend at the helm of the country, Uy says as a businessman, he is all too willing to continue helping. That is life. The Udenna Group’s gaming and hospitality subsidiary is offering up to 450 million primary common shares, inclusive of … 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. 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. 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. With your meaningful insights, help shape the stories that can shape the country. He also just recently announced his foray into the lucrative gambling business. Uy and the Sy family’s SM Investments Corp. are partners in the 2GO Group. “Will let you know if we close,” Uy tells STARweek. Udenna secured permission from the Philippine Amusement and Gaming Corporation to develop a casino resort near the Mactan-Cebu International Airport. 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. “Mabait na kuya, responsible, caring and generous,” she tells STARweek. As of this writing, Uy has not made an announcement on the deal. By the time it listed in 2007, it had at least 20 gasoline stations, mostly in the Southern Philippines, from an initial five. 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 … Aside from basketball, he is also an avid golfer (he has a handicap of 23), his sister Debbie says. After finishing his studies – he obtained a Bachelor of Science in Business. After all, in the Philippine business environment, who you know matters a lot. But it also has a lot to do with hard work and continuous learning. Dennis Uy is also a director and vice chairman of Atok-Big Wedge. 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. He is also a close friend of Philippine President Rodrigo Duterte and is a major donor of his friend's presidential campaign in 2016. As the eldest sibling, Dennis is the ideal kuya, says his younger sister Debbie. Philippine tycoon Dennis Uy has built an empire spanning oil, shipping, casinos and telecommunications, but eight years ago his oil-trading business was … She is a graduate of Business and Finance from Ateneo de Davao and is also one of the pioneers of Udenna Corp. 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. [5] He is the eldest among siblings. 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. 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. Únete a Facebook para conectar con Dennis Uy y otras personas que quizá conozcas. His main problem was coming up with a catchy name. It had always been his dream to enter the Philippine Basketball Association, Asia’s first professional basketball league. Manténgase informado sobre las noticias de Uruguay en EL PAÍS Uruguay [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. Thus, Phoenix Petroleum was born in 2005, opening its first station in Digos City, the capital of Davao del Sur. “We are committed to bring 2GO to new heights,” Uy says. 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. 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. Like the other Dennis who hails from Davao, Dennis Anthony Uy was raised in the province. Únete a Facebook para estar en contacto con Dennis Uy y otras personas que tal vez conozcas. Filmaffinity, tu página personalizada de votación y recomendación de películas y series They have two daughters, Chelsea Denise and Charlize Donatela, and are expecting their third bundle of joy any day now. 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 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. 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