Home Public Square EY Asean Entrepreneurial Excellence Award in Singapore honors Dennis Uy

EY Asean Entrepreneurial Excellence Award in Singapore honors Dennis Uy

Dennis Uy, Chairman and President of Udenna Corporation has received the Asean Entrepreneurial Excellence Award from EY Singapore’s 2019 Entrepreneur of the Year, the world’s most prestigious business awards program for entrepreneurs established by Ernst & Young Global Limited. The highly coveted honorary award is presented by EY Singapore’s EOY program to successful Southeast Asian businessmen that have helped develop economies and communities in the region.

“Dennis’ entrepreneurial story is truly outstanding,” said Max Loh, Singapore managing partner, Ernst & Young LLP.

Since the inception of the Udenna Corporation in Davao City in 2002, Uy has gone on to become one of the nation’s leading businessmen. Udenna is the parent company of Uy’s venture into distribution and retail of petroleum products through Phoenix Petroleum. Phoenix is now the only homegrown brand among the top four international industry players. He also got into shipping and logistics via Chelsea Logistics and Infrastructure Holdings, Corp., which has become the biggest shipping and logistics company in the Philippines.

Udenna has then expanded and diversified its portfolio to include property development, education, food, gaming, tourism, infrastructure, and retail. Dito Telecommunity Corporation, majority of which is owned by Udenna and Chelsea, has recently been chosen to operate as the new major telecommunications service provider in the country by late 2020.

In the wake of such success, Uy has helped support numerous advocacies through the Udenna Foundation and Phoenix Philippines Foundation. Through these foundations, Udenna was able to provide financial and medical assistance to soldiers in Marawi City and their families, grant scholarships to their employees and their children, organize relief operations in times of natural disasters, and embark on several environmental projects.

“Dennis’ entrepreneurial story is truly outstanding,” said Max Loh, Singapore managing partner, Ernst & Young LLP. “His impact extends beyond job creation through his portfolio of companies to charity-driven ventures through the Udenna Foundation and Phoenix Philippines Foundation, bringing to life how successful corporates can contribute to the society and help build a better working world — and in his case, in the Philippines.”

The EY Entrepreneur of the Year awards were launched in 2002 to honor people who have created successful business ventures. It is the leading business award in Singapore, as well as the first and only truly global entrepreneurial awards program. Among the things the award-giving body considers when selecting winners include entrepreneurial spirit, strategic direction, community impact, and personal integrity.

Russia banned from Olympics, World Cup over doping

LAUSANNE: The World Anti-Doping Agency on Monday banned Russia for four years from major global sporting events including the 2020 Tokyo Olympics and the...

 Miss Universe franchise no longer with Binibining Pilipinas

Shamcey Supsup appointed as national director of Miss U PH franchise After 50 solid years, it was announced Monday that the Miss Universe franchise will...

Casugay is PH flag bearer in SEAG closing ceremony

Surfer Roger Casugay will be the Philippines’ flag bearer during the closing ceremony of the 30th Southeast Asian Games to be held on Wednesday...

5 dead, many injured after New Zealand volcano eruption

WELLINGTON: Five people were killed, 18 were injured and several more were left stranded after an island volcano popular with tourists erupted unexpectedly in...

Cherry blossoms prompt full-blown scandal for Japan’s PM

TOKYO: It might be the most Japanese of political scandals: a furor over Prime Minister Shinzo Abe's guest list at a party to mark the...

Today’s Front Page December 09, 2019

Today’s Front Page December 09, 2019