September 2014 'A' issue

Page 1

Eraserheads lead Top 10 most streamed OPM acts on Spotify Story on page 28

Connecting Global News & Views For The Community

UK & Europe Edition

September 2014

Volume 5 - Number 17

Celeb Scoop

E E FR

www.hello-philippines.com

Henry Sy remains Philippines’

richest, says US magazine MANILA – Mall magnate Henry Sy remains the Philippines’ richest Filipino, who bannered the US-based Forbes magazine’s list for the seventh consecutive year. With a net worth of $12.7 billion, Sy and his family owns SM Prime Holdings, the Philippines’ largest mall operator, and Banco de Oro, the country’s largest bank in terms of assets. Lucio Tan and his family came in at second place with a combined net worth of $6.1 billion. Tan owns the country’s flag carrier, Philippine Airlines,

forbes.com

and the fifth largest lender, Philippine National Bank. Enrique Razon Jr saw his wealth rise to $5.2 billion to become the country’s third richest man. He owns International Container Terminal Services Inc, which has port operations across Asia, the US, Middle East and Europe. He also owns Solaire Resort & Casino, the first of four licensees to open a casino at the Philippine Amusement and Gaming Corp’s Entertainment City. Rounding out the top 10 of the Forbes’ wealthiest list are

Andrew Tan ($5.1 billion), John Gokongwei Jr. ($4.9 billion), David Consunji ($3.9 billion), George Ty ($3.7 billion), Aboitiz family ($3.6 billion), Jaime Zobel de Ayala & family ($3.4 billion) and Tony Tan Caktiong ($2 billion). The Forbes’ richest list saw the entry of four new names this year. They are Ricardo S. Po and family of Century Pacific Group (No. 21, $770 million); Dean Lao, co-founder of D&L Industries (No. 26, $625 million); Raul and Jose Concepcion and family, twin brothers who took over their father’s manufacturing

and food businesses, Concepcion Industrial and RFM Corp (No. 34, $320 million); and pawnshop titan P.J. Lhuillier of Cebuana Lhuillier (No. 49, $180 million). The nation’s 50 wealthiest are worth a combined $74 billion, up 12 percent from $65.8 billion in 2013, riding on the strength of robust consumption and consumer activity, Forbes said. The full list of the 50 richest Filipinos can be seen at http:// www.forbes.com/philippinesbillionaires/. ■ Krista Angela M. Montealegre / InterAksyon.com / August 28, 2014 3:43 PM

Just own up to bullying of Makati contractor, Remulla tells Trillanes

MANILA - Cavite Gov. Jonvic Remulla, newly designated as one of Vice President Jejomar Binay’s spokesmen, has challenged Senator Antonio Trillanes IV to admit that he “cursed and bullied” the representative of Hillmarcs Construction at the last Senate hearing on the Makati City Hall Building 2. “Applying his way of

questioning resource persons, then the good senator should just give a categorical answer. Did he or did he not bully and curse the representative of Hillmarcs?” Remulla said. Hilmarcs is the contractor of the 11-story building now the focus of a Blue Ribbon inquiry initiated by Trillanes. “Simpleng tanong, simpleng

sagot lang ang hinahanap ng taumbayan [It’s a simple question that needs just a simple answer],” he added. “Nakita n’yo naman, sinubukan ng Hilmarc’s Construction na ipaliwanag ang costing ng building. Ano hong nangyari pagkatapos? Pinagmumura po ni Senator Trillanes ang witness at sinasabing ‘bakit ka

nagtestify? Hindi ka dapat nagtestify dito,’” Remulla said. Remulla said it is disappointing that Trillanes is now asking the Vice President to show proof that the bullying and cursing happened, and even raised the issue of connivance. This only shows a double standard, he added. “When it’s the Vice President making statements, Senator

Trillanes says show proof first. But when it’s their local political allies who are the Vice President’s detractors making baseless and malicious remarks in a Senate hearing, he does not demand proof and in fact coaches and guides them in their answers. This is a clear case of double standard,” he said. Continue to page 2

Sen. Antonio Trillanes IV: treatment of witness denounced.

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