Enrique K. Razon Jr. is a Filipino billionaire and the Chairman and CEO of the Manila-listed company, International Container Terminal Services, Inc. (ICTSI), the Philippine port-handling giant. Currently the third richest Filipino, a four place jump from last year's ranking, mainly because of his stake in Bloomberry Resorts and Hotels
Background
In 1987, he inherited International Container Terminal Services, Inc, and has grown to become the largest corporation that provides container port terminal services in Manila, Subic, Batangas, General Santos City, Poland and Brazil
In 2010, Henry Sy, Jr.’s OneTaipan acquired 100 percent of Monte Oro Resources Grid for USD350 million. The company is a partnership between Razon and Walter Brown’s A. Brown Company and owns 30 percent of the National Grid Corporations of the Philippines.
Razon invested an additional USD200 million in Bloombery Investments Holdings, Inc. Bloombery is just one of four gaming companies that were granted casino licenses by the Philippine Amusement and Gaming Corporation (PAGCOR) for the upcoming Bagong Nayong Pilipino Entertainment City.
Also in the same year, Razon sold Manila Standard for P100 million to Leyte Rep. Martin Romualdez, whose conglomerate owns the Jounal Group of Publications. Razon divested from the newspaper business after acquiring the shares of the Yuchengco family and Soriano group ten years ago to become the head of the Kamahalan Publishing Corporation and Kagitingan Printing Press, Inc.
In 1987, he inherited International Container Terminal Services, Inc, and has grown to become the largest corporation that provides container port terminal services in Manila, Subic, Batangas, General Santos City, Poland and Brazil
In 2010, Henry Sy, Jr.’s OneTaipan acquired 100 percent of Monte Oro Resources Grid for USD350 million. The company is a partnership between Razon and Walter Brown’s A. Brown Company and owns 30 percent of the National Grid Corporations of the Philippines.
Razon invested an additional USD200 million in Bloombery Investments Holdings, Inc. Bloombery is just one of four gaming companies that were granted casino licenses by the Philippine Amusement and Gaming Corporation (PAGCOR) for the upcoming Bagong Nayong Pilipino Entertainment City.
Also in the same year, Razon sold Manila Standard for P100 million to Leyte Rep. Martin Romualdez, whose conglomerate owns the Jounal Group of Publications. Razon divested from the newspaper business after acquiring the shares of the Yuchengco family and Soriano group ten years ago to become the head of the Kamahalan Publishing Corporation and Kagitingan Printing Press, Inc.
Philanthropy
Razon has a basketball team in the Philippine Basketball League (PBL) with most of its players form the De La Salle University Green Archers. He is also an avid golfer and supported the local pro circuit through the Philippine Golf Tour. He helps the amateur golf through the ICTSI-The Country Club Program and also supported the Canlubang Golf Team.
In 2003, Razon donated P50 million for DLSU’s sports development. The P50 million pesos were broken down into P25 million for equipment and facilities of the Enrique M. Razon Sports Complex, name after his father; P20 million for athletic scholarships and P5 million for sports solidarity fund. The scholarship grant was named, “Enrique Razon Athletic Scholarship Endowment Fund”.
Razon has a basketball team in the Philippine Basketball League (PBL) with most of its players form the De La Salle University Green Archers. He is also an avid golfer and supported the local pro circuit through the Philippine Golf Tour. He helps the amateur golf through the ICTSI-The Country Club Program and also supported the Canlubang Golf Team.
In 2003, Razon donated P50 million for DLSU’s sports development. The P50 million pesos were broken down into P25 million for equipment and facilities of the Enrique M. Razon Sports Complex, name after his father; P20 million for athletic scholarships and P5 million for sports solidarity fund. The scholarship grant was named, “Enrique Razon Athletic Scholarship Endowment Fund”.
Other Companies
Chairman
Chairman
- International Container Terminal Services, Inc.
- ICTSI Manila Holdings, Inc.
- ICTSI Warehousing, Inc. (IWI)
- Asia Star Freight Services
- Sureste Properties, Inc.
- Sureste Realty Corp.
- Provident Management Group, Inc.
- Razon Industries, Inc.
- Solaire Manila
President of Cebu International Container Terminal, Inc.
Director
- A. Soriano Corp.
- International Exchange Bank
- CLSA Exchange Capital
- Kamahalan Publishing Co.
- Kagitingan Printing Press, Inc.
- Philippine Skylanders, Inc.
