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Today, the world is moving so fast and yet, Filipinos can’t even venture big time in the tech space. There are a lot of tech-savvy Filipinos who have brains and ideas. But they lack capital and the stomach to just do it. It’s hard, especially if one lacks access to capital markets, bank loans or other debt instruments. It entails hundreds of millions of pesos, and there are only a handful of VCs (venture capitalists) here to seed. All financial institutions, at least on the creditors side, want collateral, and it takes a lot of effort and size to issue notes, bonds, etc., if you’re not a big conglomerate. But the future is around the tech space, that’s why even though the telco project is so challenging, we are deeply inspired by it. We are hungry to see it succeed. Is it easy? No. Is it financially challenging? Yes. But can it be done? Why not?
Whatever you believe to be true about life, one thing is for sure -- time passes whether you like it or not. The future cannot be stopped. And since the future is a mystery, many of us want to get a peek, or at least get the best possible guess, at what the future’s going to be like, to see if things will play out the way we hope they will.
PHILIPPINE tycoon Dennis A. Uy has built an empire spanning oil, shipping, casinos and telecommunications, but eight years ago his oil-trading business was in trouble over government allegations of fuel smuggling.
LISTED ISM Communications Corp. is changing its name to Dito CME Holdings Corp. as it seeks to buy Dennis A. Uy’s Udenna Communications Media and Entertainment Holdings Corp.
NEVER HAS energy security been a more pressing issue than now, given our increasing energy demand to meet the upward trajectory of our developing economy. Sustainability, environmental impact, operational economics, and a clearer appreciation of the role of each energy source are what we need to take into consideration in the planning of our energy mix.
Uy firm gets original proponent status for Davao airport project
ATOK-BIG Wedge, Co. Inc. has elected businessman Dennis A. Uy as its vice-chairman and independent director for the ensuing year.