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Friendship, camaraderie, and good-natured competition went underway as the 6th Asia Lexus Cup recently took place at the Montgomerie Links Vietnam golf course in Da Nang, Vietnam. A total of thirty-five golfers representing seven Asian countries including Singapore, Malaysia, Thailand, Indonesia, Philippines, Vietnam and India participated in this year’s event, one of them being Lexus Manila Inc. president Raymond Rodriguez.
Davao-based businessman Dennis Uy has completed a 100-percent buyout of Philippine FamilyMart CVS Inc. (PFM), operator of the chain of 67 Family Mart convenience stores in the Philippines, from the Ayala and Tantoco groups and their Japanese partners. (5-0)
PHOENIX PETROLEUM Philippines, Inc. has finalized its purchase of FamilyMart convenience stores in the country, allowing Davao-based businessman Dennis A. Uy’s company to take over the retail chain previously owned by the Ayalas and Tantocos. (15-0)
Davao-based businessman Dennis Uy has completed his 100-percent buyout of Philippine FamilyMart CVS Inc. (PFM), which operates a chain of 67 convenience stores in the Philippines, from the Ayala and Tantoco groups and their Japanese partners. (10-0)
MANILA, Philippines — For oil companies, competition no longer stays in the arena of getting a bigger share in the Philippine retail fuel market. (31-0)
MANILA, Philippines — The Philippine Competition Commission (PCC) has cleared the acquisition of Phoenix Petroleum Philippines Inc. of the local operations of Japanese convenience store chain FamilyMart. (10-0)
Rustan’s chair and CEO Zenaida Tantoco (center) with, from left, Rustan Coffee Corp. president Noey Tantoco Lopez, Royal Duty Free merchandising manager Camille Tantoco, Sta. Elena Properties vice president for sales and marketing Katrina Tantoco Lobregat, Rustan’s Flower Shop VP for merchandising Maricar Lopez Tiangco, SSI Group Inc. president Anton Huang, and Rustan’s marketing communications manager Dina Arroyo Tantoco —JOHN PAUL R.
The Italian government has conferred the “Cavaliere” of the Order to the Merit of the Italian Republic to SSI Group’s Anton T. Huang.
AYALA LAND, Inc. (ALI) is studying options on how to move forward with its hospital business, following reports it is selling its health care brand QualiMed. (10-0)
In separate disclosures, SSI Group, the country’s largest specialty store retailer, said net income rose 12 percent to P342 million while core recurring income, which excludes one-time write-offs related to the group’s store rationalization program, increased 13 percent to P444 million. (0-1)
Mynt president and CEO Anthony Thomas, Globe president and CEO Ernest Cu, Ant Financial CEO Eric Jing, Alibaba Group founder and executive chair Jack Ma, Ayala Corp. president and COO Fernando Zobel de Ayala, Ayala Land president and CEO Bobby Dy, Ant Financial senior vice president Douglas Feagin (14-0)
The Arts Council needed cash, and fast. “What to do?” asked president Petite Garcia with optimistic exasperation.
MANILA, Philippines — The local operations of Japanese convenience store chain FamilyMart will soon be under the helm of businessman Dennis Uy after his retail fuel business, Phoenix Petroleum Philippines Inc., decided to acquire the convenience store chain’s entire stake from its current owners. (15-0)
The Ayala and Tantoco groups have signed a deal to sell the Philippine convenience store chain business under FamilyMart to Phoenix Petroleum Philippines Inc., the petroleum distribution arm of Davao-based businessman Dennis Uy. (10-1)
SSI GROUP, Inc. remains bullish on the country’s retail sector amid rising concerns the booming e-commerce industry would dampen the growth of traditional brick-and-mortar stores. (6-0)