Enrique K. Razon

Enrique K. Razon Jr. (born March 2, 1960) 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. He is currently the third richest Filipino, a four-place jump from last year's ranking, mainly because of his stake in Bloomberry Resorts and Hotels.^[2]

Background

Razon's grandfather arrived from Spain in the early 20th century to establish Manila’s main port in South Harbor. He shares the same name with his father, Enrique Razon, who built the business through World War II.^[3]

In 1987, Razon inherited International Container Terminal Services, Inc, which grew to become the largest corporation providing 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 soon became a partnership between Razon and Walter Brown’s A. Brown Company and owns 30 percent of the National Grid Corporation of the Philippines.

That same year, Razon invested an additional USD200 million in Bloomberry Investments Holdings, Inc. Bloomberry is just one of four gaming companies that were granted casino licenses by the Philippine Amusement and Gaming Corporation (PAGCOR) for the upcoming Entertainment City.^[2]

Also in the same year, Razon sold Manila Standard for P100 million to Leyte Rep. Martin Romualdez, whose conglomerate owns the Journal Group of Publications, thus divesting himself from the newspaper business. He acquired the shares of the Yuchengco family and Soriano group ten years before 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 coming from the De La Salle University (DLSU) 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 the following: P25 million for equipment and facilities of the Enrique M. Razon Sports Complex, named after his father; P20 million for athletic scholarships; and P5 million for a sports solidarity fund. The scholarships grant was named “Enrique Razon Athletic Scholarship Endowment Fund”.

Other Companies

Chairman

• International Container Terminal Services, Inc.
• ICTSI Manila Holdings, Inc.
• ICTSI Warehousing, Inc. (IWI)
• Asia Star Freight Services
• Sureste Properties, Inc.^[4]
• Sureste Realty Corp.
• Provident Management Group, Inc.
• Razon Industries, Inc.
• Solaire Resort & Casino

President

• Cebu International Container Terminal, Inc.^[5]

Director

• A. Soriano Corp.
• International Exchange Bank
• CLSA Exchange Capital
• Kamahalan Publishing Co.
• Kagitingan Printing Press, Inc.
• Philippine Skylanders, Inc.

References