http://rgsystems.gr/?fat=sites/jonathanburgos/ en-us https://blogs-images.forbes.com/files/2018/11/jonburgos_avatar_1541731417-400x400.jpg http://rgsystems.gr/?fat=sites/jonathanburgos/ Jonathan Burgos' stories. Copyright 2024 Forbes Media LLC http://rgsystems.gr/?fat=sites/jonathanburgos/2024/05/08/billionaire-pangestu-backed-chandra-asri-glencore-to-buy-shells-refinery-in-singapore/ A joint venture backed by Indonesian billionaire Prajogo Pangestu’s Chandra Asri and commodities trader Glencore agreed to buy Shell's refinery and petrochemical assets in Singapore. Jonathan Burgos, Forbes Staff Jonathan Burgos, Forbes Staff http://rgsystems.gr/?fat=sites/jonathanburgos/ content_663b2a34f9fb8f774d14930a Wed, 08 May 2024 03:55:22 -0400 2024-05-08T03:58:06-04:00 A joint venture backed by Indonesian billionaire Prajogo Pangestu’s Chandra Asri and commodities trader Glencore agreed to buy Shell's refinery and petrochemical assets in Singapore. NurPhoto via Getty Images Asia /asia Asia /asia Billionaires /worlds-billionaires Premium Content premiumcontent Editors' Pick editors-pick Forbes Asia standard http://rgsystems.gr/?fat=sites/jonathanburgos/2024/05/07/philippine-tycoons-extend-33-billion-energy-jv-to-marine-habitat-protection/ Billionaire Ramon Ang has again teamed up with tycoons Sabin Aboitiz and Manuel Pangilinan to protect the marine habitat near their power plants and LNG terminal. Jonathan Burgos, Forbes Staff Jonathan Burgos, Forbes Staff http://rgsystems.gr/?fat=sites/jonathanburgos/ content_663a1f0d6a29aa4cc5e56d1f Tue, 07 May 2024 08:53:13 -0400 2024-05-07T08:53:19-04:00 Billionaire Ramon Ang has again teamed up with tycoons Sabin Aboitiz and Manuel Pangilinan to protect the marine habitat near their power plants and LNG terminal. Courtesy of Aboitiz Power Asia /asia Asia /asia Premium Content premiumcontent Editors' Pick editors-pick Forbes Asia standard http://rgsystems.gr/?fat=sites/jonathanburgos/2024/05/07/amazon-to-double-singapore-investment-to-17-billion-with-cloud-project/ Amazon is doubling its investment commitment in Singapore to $17 billion as it plans to expand its cloud computing infrastructure in the city-state. Jonathan Burgos, Forbes Staff Jonathan Burgos, Forbes Staff http://rgsystems.gr/?fat=sites/jonathanburgos/ content_6639b2c922164e59efa0685e Tue, 07 May 2024 01:20:51 -0400 2024-05-07T01:28:18-04:00 Amazon is doubling its investment commitment in Singapore to $17 billion as it plans to expand its cloud computing infrastructure in the city-state. Getty Images Asia /asia Asia /asia Premium Content premiumcontent Editors' Pick editors-pick Forbes Asia standard http://rgsystems.gr/?fat=sites/jonathanburgos/2024/05/06/billionaire-razons-ictsi-to-spend-450-million-to-expand-ports-in-2024/ Billionaire Enrique Razon's ICTSI is boosting capital expenditures this year by about 34% to $450 million to expand ports in Africa, Asia and South America. Jonathan Burgos, Forbes Staff Jonathan Burgos, Forbes Staff http://rgsystems.gr/?fat=sites/jonathanburgos/ content_66388a3b39f54069d380516b Mon, 06 May 2024 04:06:10 -0400 2024-05-06T04:06:20-04:00 Billionaire Enrique Razon's ICTSI is boosting capital expenditures this year by about 34% to $450 million to expand ports in Africa, Asia and South America. © 2023 Bloomberg Finance LP Asia /asia Asia /asia Billionaires /worlds-billionaires Premium Content premiumcontent Editors' Pick editors-pick Forbes Asia standard http://rgsystems.gr/?fat=sites/jonathanburgos/2024/04/27/tycoon-consunji-to-buy-cemexs-philippine-cement-business-for-3056-million/ DMCI Holdings, and two other companies controlled by billionaire Isidro Consunji are buying Cemex's Philippine cement business for $305.6 million. Jonathan Burgos, Forbes Staff Jonathan Burgos, Forbes Staff http://rgsystems.gr/?fat=sites/jonathanburgos/ content_662c8a81d3f0c5255481ed57 Sat, 27 Apr 2024 01:35:23 -0400 2024-04-27T01:35:28-04:00 DMCI Holdings, and two other companies controlled by billionaire Isidro Consunji are buying Cemex's Philippine cement business for $305.6 million. Courtesy of DMCI Asia /asia Asia /asia Premium Content premiumcontent Editors' Pick editors-pick Forbes Asia standard http://rgsystems.gr/?fat=sites/jonathanburgos/2024/04/26/tycoon-tony-fernandes-capital-a-to-merge-airline-units-in-14-billion-deal/ The merger will drive growth and profitability for both its airline and non-aviation related businesses. Jonathan Burgos, Forbes Staff Jonathan Burgos, Forbes Staff http://rgsystems.gr/?fat=sites/jonathanburgos/ content_662b2a78932195078e2437d1 Fri, 26 Apr 2024 00:54:24 -0400 2024-05-02T09:27:29-04:00 The merger will drive growth and profitability for both its airline and non-aviation related businesses. Courtesy of AirAsia Asia /asia Asia /asia Lifestyle /lifestyle Travel /travel Premium Content premiumcontent Editors' Pick editors-pick Forbes Asia standard http://rgsystems.gr/?fat=sites/jonathanburgos/2024/04/20/megaworld-billionaire-andrew-tan-720-million-eco-tourism-palawan-philippines/ Inside Andrew Tan's $720 million eco-tourism project in the country’s pristine beachside paradise. Jonathan Burgos, Forbes Staff Jonathan Burgos, Forbes Staff http://rgsystems.gr/?fat=sites/jonathanburgos/ content_662154930e62815986853184 Sun, 21 Apr 2024 06:30:00 -0400 2024-04-21T06:30:00-04:00 Inside Andrew Tan's $720 million eco-tourism project in the country’s pristine beachside paradise. Hero Image Jonathan Burgos for Forbes Asia Asia /asia Asia /asia Lifestyle /lifestyle Travel /travel Editors' Pick editors-pick Daily Cover daily-cover Forbes Asia premium http://rgsystems.gr/?fat=sites/jonathanburgos/2024/04/18/billionaire-kweks-cdl-steps-up-divestments-with-singapore-mall-sale/ City Developments—controlled by billionaire Kwek Leng Beng—is stepping up divestments with plans to sell an old shopping mall in Orchard Road. Jonathan Burgos, Forbes Staff Jonathan Burgos, Forbes Staff http://rgsystems.gr/?fat=sites/jonathanburgos/ content_6620e37a520bcb10e69f5145 Thu, 18 Apr 2024 05:40:34 -0400 2024-05-02T05:48:23-04:00 City Developments—controlled by billionaire Kwek Leng Beng—is stepping up divestments with plans to sell an old shopping mall in Orchard Road. Jonathan Burgos for Forbes Asia Asia /asia Asia /asia Billionaires /worlds-billionaires Premium Content premiumcontent Editors' Pick editors-pick Forbes Asia standard http://rgsystems.gr/?fat=sites/jonathanburgos/2024/04/17/singapores-ura-accepts-billionaire-cousins-low-bids-for-housing-sites/ The government has accepted the low bids made by joint ventures backed by billionaire Kwek Leng Beng and his Malaysian cousin Quek Leng Chan for two Singapore housing sites. Jonathan Burgos, Forbes Staff Jonathan Burgos, Forbes Staff http://rgsystems.gr/?fat=sites/jonathanburgos/ content_661f634d8b1f1a3c93e0696e Wed, 17 Apr 2024 02:13:10 -0400 2024-04-17T02:13:18-04:00 The government has accepted the low bids made by joint ventures backed by billionaire Kwek Leng Beng and his Malaysian cousin Quek Leng Chan for two Singapore housing sites. © 2021 Bloomberg Finance LP Asia /asia Asia /asia Billionaires /worlds-billionaires Premium Content premiumcontent Editors' Pick editors-pick Forbes Asia standard http://rgsystems.gr/?fat=sites/jonathanburgos/2024/04/15/how-malaysias-ioi-properties-quietly-became-one-of-singapores-biggest-landlords/ Company—owned by billionaire brothers Lee Yeow Chor and Lee Yeow Seng—has built its presence in the Lion City, where it now has properties valued at about $5 billion. Jonathan Burgos, Forbes Staff Jonathan Burgos, Forbes Staff http://rgsystems.gr/?fat=sites/jonathanburgos/ content_661ca948513e3f5812b4a714 Mon, 15 Apr 2024 16:58:24 -0400 2024-04-17T03:58:06-04:00 Company—owned by billionaire brothers Lee Yeow Chor and Lee Yeow Seng—has built its presence in the Lion City, where it now has properties valued at about $5 billion. Hero Image LEE YEOW CHOR: JING WEI/STUDIO W FOR FORBES ASIA; LEE YEOW SENG: IOI PROPERTIES GROUP Asia /asia Asia /asia Forbes Magazine /forbes-magazine Billionaires /worlds-billionaires Business /business Forbes Asia /forbesasia No Paywall no-paywall Editors' Pick editors-pick Forbes Asia malaysia-billionaires premium http://rgsystems.gr/?fat=sites/jonathanburgos/2024/04/15/singapore-pm-lee-steps-down-after-two-decades-wong-to-takeover/ Singapore Prime Minister Lee Hsien Loong will step down on May 15 after two decades in power, paving the way for his deputy Lawrence Wong to take the reins. Jonathan Burgos, Forbes Staff Jonathan Burgos, Forbes Staff http://rgsystems.gr/?fat=sites/jonathanburgos/ content_661d3ef753caf6187da64204 Mon, 15 Apr 2024 11:22:11 -0400 2024-04-16T03:36:38-04:00 Singapore Prime Minister Lee Hsien Loong will step down on May 15 after two decades in power, paving the way for his deputy Lawrence Wong to take the reins. © 2023 Bloomberg Finance LP Asia /asia Asia /asia Premium Content premiumcontent Editors' Pick editors-pick Forbes Asia standard http://rgsystems.gr/?fat=sites/jonathanburgos/2024/04/11/chinese-tycoon-du-shuanghua-withdraws-from-singapore-property-deal/ Chinese tycoon Du Shuanghua has pulled out of the proposed $673 million deal to buy Far East Shopping Centre in Singapore's Orchard Road shopping strip. Jonathan Burgos, Forbes Staff Jonathan Burgos, Forbes Staff http://rgsystems.gr/?fat=sites/jonathanburgos/ content_6617e2e2cee2a145dbab1b06 Thu, 11 Apr 2024 09:33:19 -0400 2024-04-15T03:21:17-04:00 Chinese tycoon Du Shuanghua has pulled out of the proposed $673 million deal to buy Far East Shopping Centre in Singapore's Orchard Road shopping strip. © 2021 Bloomberg Finance LP Asia /asia Asia /asia Premium Content premiumcontent Editors' Pick editors-pick Forbes Asia standard http://rgsystems.gr/?fat=sites/jonathanburgos/2024/04/08/philippine-doubledragons-hotel101-merges-with-spac-listing-on-nasdaq/ Hotel101 Global—a unit of DoubleDragon, which is jointly owned by billionaire Tony Tan Caktiong and tycoon Edgar Sia—agreed to merge with JVSPAC in a deal valuing the hotel operator at $2.3 billion. Jonathan Burgos, Forbes Staff Jonathan Burgos, Forbes Staff http://rgsystems.gr/?fat=sites/jonathanburgos/ content_661381d0751b5070250c01c9 Mon, 08 Apr 2024 02:14:58 -0400 2024-04-10T03:45:56-04:00 Hotel101 Global—a unit of DoubleDragon, which is jointly owned by billionaire Tony Tan Caktiong and tycoon Edgar Sia—agreed to merge with JVSPAC in a deal valuing the hotel operator at $2.3 billion. Courtesy of Hotel101 Asia /asia Asia /asia Billionaires /worlds-billionaires Premium Content premiumcontent Editors' Pick editors-pick Forbes Asia standard http://rgsystems.gr/?fat=sites/jonathanburgos/2024/04/06/billionaire-gokongweis-robinsons-land-to-sell-442-million-assets-to-reit/ Billionaire Lance Gokongwei's Robinsons Land plans to inject assets worth $442 million into RL Commercial REIT after the developer reported profits in 2023. Jonathan Burgos, Forbes Staff Jonathan Burgos, Forbes Staff http://rgsystems.gr/?fat=sites/jonathanburgos/ content_6610f1c86683714157e4a5df Sat, 06 Apr 2024 03:33:25 -0400 2024-04-08T04:06:55-04:00 Billionaire Lance Gokongwei's Robinsons Land plans to inject assets worth $442 million into RL Commercial REIT after the developer reported profits in 2023. Robinsons Land Asia /asia Asia /asia Billionaires /worlds-billionaires Premium Content premiumcontent Editors' Pick editors-pick Forbes Asia standard http://rgsystems.gr/?fat=sites/jonathanburgos/2024/04/04/cdl-guocoland-backed-jvs-submit-sole-bids-for-singapore-housing-sites-as-demand-slows/ Joint ventures backed by billionaire Kwek Leng Beng’s City Developments and his cousin Quek Leng Chan's GuocoLand submitted sole bids for two prime Singapore residential sites. Jonathan Burgos, Forbes Staff Jonathan Burgos, Forbes Staff http://rgsystems.gr/?fat=sites/jonathanburgos/ content_660eb22f5bd2d248fc2bffcc Thu, 04 Apr 2024 10:35:59 -0400 2024-04-05T03:45:16-04:00 Joint ventures backed by billionaire Kwek Leng Beng’s City Developments and his cousin Quek Leng Chan's GuocoLand submitted sole bids for two prime Singapore residential sites. AFP via Getty Images Asia /asia Asia /asia Billionaires /worlds-billionaires Premium Content premiumcontent Editors' Pick editors-pick Forbes Asia standard http://rgsystems.gr/?fat=sites/jonathanburgos/2024/04/03/billionaire-tony-tan-caktiongs-jollibee-boosts-titan-dining-investment/ Billionaire Tony Tan Caktiong's Jollibee Foods is boosting investments in the owner of the Tim Ho Wan restaurant chain as it ramps up global expansion. Jonathan Burgos, Forbes Staff Jonathan Burgos, Forbes Staff http://rgsystems.gr/?fat=sites/jonathanburgos/ content_660d291211aa6143a8946dfa Wed, 03 Apr 2024 06:35:22 -0400 2024-04-04T03:57:42-04:00 Billionaire Tony Tan Caktiong's Jollibee Foods is boosting investments in the owner of the Tim Ho Wan restaurant chain as it ramps up global expansion. getty Asia /asia Asia /asia Billionaires /worlds-billionaires Premium Content premiumcontent Editors' Pick editors-pick Forbes Asia standard http://rgsystems.gr/?fat=sites/jonathanburgos/2024/04/01/billionaire-lucio-tans-philippine-airlines-to-expand-fleet-after-posting-record-profit/ Billionaire Lucio Tan’s Philippine Airlines said it will expand its fleet after the flag carrier posted record profits in 2023 amid a travel boom. Jonathan Burgos, Forbes Staff Jonathan Burgos, Forbes Staff http://rgsystems.gr/?fat=sites/jonathanburgos/ content_660a63b0d8682c42e28c5356 Mon, 01 Apr 2024 03:58:52 -0400 2024-04-02T03:39:04-04:00 Billionaire Lucio Tan’s Philippine Airlines said it will expand its fleet after the flag carrier posted record profits in 2023 amid a travel boom. Courtesy of Philippine Airlines Asia /asia Asia /asia Billionaires /worlds-billionaires Premium Content premiumcontent Editors' Pick editors-pick Forbes Asia standard http://rgsystems.gr/?fat=sites/jonathanburgos/2024/03/30/ggv-capital-asia-rebrands-as-granite-asia-after-us-split/ GGV Capital Asia has rebranded as Granite Asia after splitting from its U.S. counterpart, enabling the venture capital firm to grow its $5 billion portfolio across the region. Jonathan Burgos, Forbes Staff Jonathan Burgos, Forbes Staff http://rgsystems.gr/?fat=sites/jonathanburgos/ content_6607a2c78cb82c1d8f922055 Sat, 30 Mar 2024 02:05:18 -0400 2024-03-31T04:02:40-04:00 GGV Capital Asia has rebranded as Granite Asia after splitting from its U.S. counterpart, enabling the venture capital firm to grow its $5 billion portfolio across the region. Juliana Tan for Forbes Asia Asia /asia Asia /asia Innovation /innovation Venture Capital /venture-capital Premium Content premiumcontent Editors' Pick editors-pick Forbes Asia standard http://rgsystems.gr/?fat=sites/jonathanburgos/2024/03/27/billionaire-lei-zhangs-hillhouse-others-buy-stake-in-gds-data-centers-outside-china-for-587-million/ Billionaire Lei Zhang’s Hillhouse Investment and other investors agreed to buy a 44% stake in GDS Holdings' data centers outside mainland China for $587 million. Jonathan Burgos, Forbes Staff Jonathan Burgos, Forbes Staff http://rgsystems.gr/?fat=sites/jonathanburgos/ content_6604dd8e58b38f50aeac74d3 Wed, 27 Mar 2024 23:32:20 -0400 2024-03-30T03:33:00-04:00 Billionaire Lei Zhang’s Hillhouse Investment and other investors agreed to buy a 44% stake in GDS Holdings' data centers outside mainland China for $587 million. getty Asia /asia Asia /asia Billionaires /worlds-billionaires Premium Content premiumcontent Editors' Pick editors-pick Forbes Asia standard http://rgsystems.gr/?fat=sites/jonathanburgos/2024/03/27/developers-backed-by-asian-billionaires-bid-for-6-billion-singapore-project/ Companies owned by billionaires Charoen Sirivadhanabhakdi and Kwek Leng Beng partnered with three developers to build a $6 billion suburban business district in Singapore. Jonathan Burgos, Forbes Staff Jonathan Burgos, Forbes Staff http://rgsystems.gr/?fat=sites/jonathanburgos/ content_6603e4796c22de208f9a4431 Wed, 27 Mar 2024 05:45:36 -0400 2024-03-28T03:42:18-04:00 Companies owned by billionaires Charoen Sirivadhanabhakdi and Kwek Leng Beng partnered with three developers to build a $6 billion suburban business district in Singapore. Afp/AFP via Getty Images Asia /asia Asia /asia Billionaires /worlds-billionaires Premium Content premiumcontent Editors' Pick editors-pick Forbes Asia standard http://rgsystems.gr/?fat=sites/jonathanburgos/2024/03/25/indonesian-billionaire-tanoto-set-to-complete-33-billion-vinda-takeover/ Indonesian Billionaire Sukanto Tanoto is gearing up to complete the $3.3 billion takeover of Chinese tissue paper maker Vinda International. Jonathan Burgos, Forbes Staff Jonathan Burgos, Forbes Staff http://rgsystems.gr/?fat=sites/jonathanburgos/ content_660198a0493c143fd6ed25c1 Mon, 25 Mar 2024 11:46:32 -0400 2024-03-26T06:05:10-04:00 Indonesian Billionaire Sukanto Tanoto is gearing up to complete the $3.3 billion takeover of Chinese tissue paper maker Vinda International. Courtesy of RGE Asia /asia Asia /asia Billionaires /worlds-billionaires Premium Content premiumcontent Editors' Pick editors-pick Forbes Asia standard http://rgsystems.gr/?fat=sites/jonathanburgos/2024/03/19/billionaire-enrique-razons-bloomberry-settles-decade-long-legal-dispute-with-global-gaming/ Billionaire Enrique Razon’s Bloomberry Resorts—operator of the Solaire Resort & Casino in Manila—has settled a decade-long legal dispute with Global Gaming. Jonathan Burgos, Forbes Staff Jonathan Burgos, Forbes Staff http://rgsystems.gr/?fat=sites/jonathanburgos/ content_65fa5169d1c58f6feff8e9f7 Tue, 19 Mar 2024 23:26:32 -0400 2024-03-22T03:40:04-04:00 Billionaire Enrique Razon’s Bloomberry Resorts—operator of the Solaire Resort & Casino in Manila—has settled a decade-long legal dispute with Global Gaming. © 2019 Bloomberg Finance LP Asia /asia Asia /asia Billionaires /worlds-billionaires Premium Content premiumcontent Editors' Pick editors-pick Forbes Asia standard http://rgsystems.gr/?fat=sites/jonathanburgos/2024/03/19/billionaire-ramon-angs-san-miguel-led-group-signs-deal-to-upgrade-congested-philippine-airport/ A consortium led by billionaire Ramon Ang’s San Miguel and the Philippines government have signed an agreement to upgrade and operate the country's aging airport. Jonathan Burgos, Forbes Staff Jonathan Burgos, Forbes Staff http://rgsystems.gr/?fat=sites/jonathanburgos/ content_65f912c74ff4847f76fd1fa3 Tue, 19 Mar 2024 00:42:36 -0400 2024-03-20T04:08:32-04:00 A consortium led by billionaire Ramon Ang’s San Miguel and the Philippines government have signed an agreement to upgrade and operate the country's aging airport. Courtesy of Philippine Department of Transportation Asia /asia Asia /asia Billionaires /worlds-billionaires Premium Content premiumcontent Editors' Pick editors-pick Forbes Asia standard http://rgsystems.gr/?fat=sites/jonathanburgos/2024/03/17/billionaire-quek-leng-chans-guocoland-sells-75-of-singapore-housing-project-during-weekend/ Billionaire Quek Leng Chan's GuocoLand sells 75% of Singapore housing project over the weekend as demand is again picking up after sales slowed to a 15-year low in 2023. Jonathan Burgos, Forbes Staff Jonathan Burgos, Forbes Staff http://rgsystems.gr/?fat=sites/jonathanburgos/ content_65f69832cba7d73041d32f4d Sun, 17 Mar 2024 03:38:32 -0400 2024-03-18T04:15:57-04:00 Billionaire Quek Leng Chan's GuocoLand sells 75% of Singapore housing project over the weekend as demand is again picking up after sales slowed to a 15-year low in 2023. Courtesy iof Guocoland Asia /asia Asia /asia Billionaires /worlds-billionaires Real Estate /real-estate Premium Content premiumcontent Editors' Pick editors-pick Forbes Asia standard http://rgsystems.gr/?fat=sites/jonathanburgos/2024/03/12/billionaire-tony-tan-caktiongs-jollibee-to-triple-profit-amid-global-expansion/ Billionaire Tony Tan Caktiong’s Jollibee Foods is targeting to triple its net profit within five years as the Philippine company steps up its global expansion. Jonathan Burgos, Forbes Staff Jonathan Burgos, Forbes Staff http://rgsystems.gr/?fat=sites/jonathanburgos/ content_65efecdcc65638327c6328db Tue, 12 Mar 2024 02:04:14 -0400 2024-03-14T03:57:16-04:00 Billionaire Tony Tan Caktiong’s Jollibee Foods is targeting to triple its net profit within five years as the Philippine company steps up its global expansion. © 2023 Bloomberg Finance LP Asia /asia Asia /asia Billionaires /worlds-billionaires Premium Content premiumcontent Editors' Pick editors-pick Forbes Asia standard