Tag Archives: dennis uy

SC affirms dismissal of P5.9-B smuggling case vs. Davao City businessman Dennis Uy

The Supreme Court (SC) upheld rulings by the Court of Appeals and the Davao Regional Trial Court (RTC) dismissing criminal cases against businessman Dennis Uy and a customs broker.

Uy, then the president and chief executive officer of Phoenix Petroleum, and Jorlan Cabanes, were charged with the alleged smuggling of PHP5.9 billion worth of petroleum products in 2010 and 2011, initiated by Senator Leila de Lima who was Department of Justice (DOJ) secretary at the time.

“In sum, the lower courts’ finding of no probable cause are supported by relevant laws and evidence on record. Mindful of these considerations, the Court of Appeals’ affirmation of the dismissal of the charges is not tainted with grave abuse of discretion,” read the SC decision posted on its website on December 11.

SC affirms dismissal of P5.9-B smuggling cases vs Dennis Uy of Phoenix Petroleum – Manila Bulletin

“When probable cause is judicially determined by the trial court, questions on the propriety of the executive determination of probable cause becomes moot. At that point, questions on the accused’s guilt or innocence rests on the trial court’s sound discretion,” it said.

In 2011, the Bureau of Customs (BOC) charged Uy and Cabanes with violations of the Tariff and Customs Code.

The BOC alleged that Phoenix imported petroleum products with dutiable value of PHP5.9 billion reportedly without import entries and withdrew the importations despite failure to file import entries and without load port surveys in the ports of Batangas City and Davao City. READ MORE

MISLATEL to install telco facilities in AFP camps

Representatives of the Armed Forces of the Philippines (AFP) and the Mindanao Islamic Telephone Company (Mislatel) on Wednesday signed a memorandum of agreement (MOA) allowing the new telco player to build its communications facilities in military camps and installations.

MISLATEL

Maj. Gen. Adrian Sanchez Jr., AFP Deputy Chief of Staff for Communications, Electronics, and Information Systems (CEIS), J6; and lawyer Adel Tamano, Mislatel chief administrative officer, signed the MOA at the AFP Headquarters in Camp Aguinaldo, Quezon City.
Based on the agreement, the AFP will determine specific locations with its rental value for use of Mislatel in the installation and management of its communications sites without undermining the operations of affected AFP units.
Mislatel is also required to “furnish all equipment, labor, and materials necessary to effect the co-location of its facilities and shoulders all expenses in connection with or incidental to the co-location” and payment of all taxes, permits, licenses, and other charges.
Payment will be made by providing CEIS equipment, upgrade, services, and training to the AFP equivalent to the monetary value of the lease subject to inflation.
“Our MOA with other telcos significantly improved the ICT infrastructure of the AFP and we are optimistic that this opportunity will also bring great benefits to the armed forces,” AFP Chief-of-Staff, Gen. Benjamin Madrigal, Jr. said.
Mislatel also “guarantees that the devices, equipment, and/or structures installed at the site provided by the AFP shall not be used to obtain classified information” as a measure to prevent electronic espionage.
The Mislatel consortium, which will adopt the name Dito Telecommunity, is composed of Chelsea Logistics and Infrastructure Holdings Corp., Udenna Corp, and China Telecom.
It was conferred with the status of new major player in the telecommunications industry by the National Telecommunications Commission on November 19, 2018.
“We at Dito Telecommunity are truly grateful to the AFP for this partnership. The rollout of Dito’s towers is indeed one herculean feat. With this partnership with the AFP, we are nearer our goal of building a wide and robust network,” Dito president and chief executive officer Dennis Uy said.
The signing was witnessed by retired Maj. Gen. Rodolfo Santiago Jr., chief technology officer of Mislatel and Col. Walter Icaro, chief of the Plans, Policy, Program and Budget Division of the Office of the Deputy Chief of Staff for CEIS, J6.
The MOA was subsequently endorsed by Madrigal for the approval of Defense Secretary Delfin Lorenzana. 
“This partnership gives Mislatel a fair chance to compete with the other networks, given that the AFP also has similar partnership with Globe and Smart,” Madrigal said. (PNA)

CRONY?

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DAVAO CITY’S DENNIS UY BUYS 36 COMPANIES WORTH 70 BILLION IN TWO YEARS

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Dabawenyo Dennis Uy who has come from obscurity to supernova under the term of  President Rodrigo Duterte.

UY has overshadowed the Forbes 50 Filipino billionaires  with his debt-propelled buying binge worth roughly P70 bllion in just the first two years of the Duterte administration.
The Davao City-based businessman, who reported a P30 million donation to Duterte’s campaign kitty in 2016, has expanded his oil distribution business into shipping, estate development, hotel and casino, food retailing, water, and power.
There are  36 companies that Uy has bought or formed so far under the Duterte administration.READ MORE

Duterte cites Phoenix Petroleum’s CSR programs

President Rodrigo Roa Duterte on Tuesday, July 11, expressed his gratitude to Phoenix Petroleum Philippines, Inc. for its corporate social responsibility programs.

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In his speech at the 10th listing anniversary of the company held at the PSE Plaza in Makati City, the President noted that as former mayor of Davao City, he personally witnessed how it succeeded from a single gasoline station in Davao City into one of the fastest-growing oil companies in the country.
“I am also grateful that you continue to share your successes for spearheading socio-civic programs for the benefit of local communities,” Duterte said.

Read: P100-M FUND FOR SOLDIERS

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Dennis Uy is the Chief Executive Officer of Phoenix.

He said the government for its part is trying its best to create an environment conducive to investment and establish a harmonious working relationship with investors.
“As a result, any new player in the downstream oil industry — in fact, in any industry — can make it big and succeed,” he added.
In addition, the Chief Executive said his administration will continue to institute reforms and implement policies for economic growth to become more sustainable.
“This is part of our mission of reassuring shareholders that we do business here in the Philippines with ease,” he said.
The President hopes that the inspiring story of Phoenix Petroleum will encourage other companies to invest in the Philippine Stock Exchange, especially aspiring businessmen.
Phoenix Petroleum, the first company from Davao City to join PSE, held its initial public offering on July 11, 2007. It is the first oil company to go public after the passage of the Oil Deregulation Law in 2008.
During his speech, President Duterte reiterated his commitment to fulfill his campaign pledge of eliminating corruption in government.
“Maski lang naman sa panahon ko, ako probinsyano, at least sa panahon ko, ma-minimize ko lang naman if not totally improve the economy by cutting first on I said what fundamentally ails this country and that is corruption,” he said.
According to the President, he has fired government officials who are involved in corrupt activities.
At the same time, the President noted that it is the Filipinos who can truly halt corruption.
“Alam man ninyo ho, hindi ko kaya talaga ako lang. Ang makahinto ng corruption sa gobyerno, kayo lang, sa totoo lang,” he added.(PND/PNA)