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Razon is now richest Filipino

March 12, 2026

Manila Bulletin

Enrique Razon Jr. has become the wealthiest person in the Philippines, according to the 40th Annual Forbes World's Billionaires list, overtaking real estate mogul Manuel Villar following a turbulent year for property valuations.

The 66-year-old chairman of International Container Terminal Services Inc. (ICTSI) and Bloomberry Resorts Corp. saw his net worth climb to an estimated $16.5 billion, approximately or P918 billion.

Razon now ranks 175th globally, driven by a 23-percent increase in ICTSI’s 2025 profits and the continued post-pandemic recovery in the regional gaming sector.

His wealth expansion comes as ICTSI aggressively pursues container port acquisitions across six continents, insulating his portfolio from localized economic volatility.

هذه القصة من طبعة March 12, 2026 من Manila Bulletin.

اشترك في Magzter GOLD للوصول إلى آلاف القصص المتميزة المنسقة، وأكثر من 9000 مجلة وصحيفة.

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First Gen launches Batangas solar plant

Lopez-led First Gen Group announced that its first utility project City, Batangas, will address the rising energy demand in the area by providing renewable energy (RE) to its electric cooperative (EC).

1 min

March 12, 2026

Manila Bulletin

Rice imports surge to 820k MT despite curbs

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2 mins

March 12, 2026

Manila Bulletin

Oil shock could delay recovery

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2 mins

March 12, 2026

Manila Bulletin

P5,000 fuel subsidy for PUV, tricycle drivers out next week

President Marcos has ordered the immediate distribution of a P5,000 fuel subsidy for public utility vehicle drivers affected by rising oil prices amid ongoing tensions and conflict in the Middle East.

2 mins

March 12, 2026

Manila Bulletin

Ballet Philippines sets sail with 'Paglalakbay'

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2 mins

March 12, 2026

Manila Bulletin

SM Offices expands into industrial leasing

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1 mins

March 12, 2026

Manila Bulletin

MPIC bets on infra to sustain record income amid challenges

Infra and utilities conglomerate Metro Pacific Investments Corp.

1 mins

March 12, 2026

Manila Bulletin

PIDS backs water sector overhaul

State-run Philippine Institute for Development Studies (PIDS) has backed proposals in Congress to establish a national framework for water resource management, including the creation of a Department of Water Resources (DWR), saying institutional reforms could help address long-standing governance weaknesses in the sector.

1 min

March 12, 2026

Manila Bulletin

Marcos to UN: PH ready to be part of solution

President Marcos has addressed the United Nations General Assembly (UNGA) to campaign for the Philippines' bid for a non-permanent seat at the UN Security Council, stressing that the country \"is ready to be part of the solution\".

4 mins

March 12, 2026

Manila Bulletin