Warren Buffet Like Investor in the Philippines
December 29, 2009 by BizMind
Filed under Successful Entrepreneurs
If America has Warren Edward Buffet, one of the wealthiest business leaders in the world who are into buying stocks or businesses, the Philippines has also Henry Sy, the nation’s richest man, a retail magnate who owns all established 33 SM Malls and majority owner of BDO Universal Bank and majority shareholder of China Bank.
Like Warren Buffet, Henry Sy is a very optimistic person, has high regards about opportunities in the Philippine economy, and is very good of making predictions.
From retailing to banking, Henry Sy is now focusing his business acumen into the energy industry. Via Triratna Holdings Corporation, the group of Sy Jr. attempted to acquire stakes at the utility giant Manila Electric Company (Meralco). Though his company failed to get into the Philippines utility giant, he certainly did not back out into investing the energy sector.
His company is now trying to get propounded equity in the National Grid Corporation of the Philippines. Expectations have it that the equity buy-in may be finalized on mid-January 2010.
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