Enrique “Ricky” Razon, Jr
Chairman, International Container Terminal Services, Inc (ICTSI)
He is called the “Ports King” as he heads a significant player in the cargo and shipping business. Enrique “Ricky” Razon, Jr is the chairman of International Container Terminal Services, Inc (ICTSI), which counts three terminals in the busy Manila Bay: the flagship Manila International Container Terminal, Manila North Harbour Port (a joint venture with San Miguel Corporation), and its most recent acquisition, the Manila Harbor Centre. A business that his father and grandfather built before and after the second world war, ICTSI has thrived under his risk-taking strategy and visionary leadership, expanding its operations to the Middle East, Australia, Africa and China.
Razon also turned to property development and hospitality, incorporating Bloomberry Resorts Corporation, which launched the US$1 billion project Solaire Casino & Resort in 2013. This put the Philippines on the gaming map and Razon in the industry insider list known as the Asian Gaming Power 50. He built a team of hospitality veterans that had worked in Las Vegas and Macau, creating a Filipino gaming experience that draws players from competing casino spots around Asia and the rest of the world. Solaire is also the home of a world-class theatre that has seen the productions of The Phantom of the Opera and The Lion King and a Netflix comedy special.
Over the pandemic, Razon focused on building a mega vaccination site at Nayong Pilipino and acquiring millions of doses of Moderna vaccines. The privatesector effort had impacted both the government and the public, coming at a time when Covid-19 cases were surging and vaccination resources were scarce.
Recently, Razon has invested and created a proposal to build the world’s most extensive solar-and-battery facility to reduce the country’s use of coal. The Philippines has a bright future ahead with the billionaire’s efforts to provide clean power through a partnership with Solar Philippines.