Converge’s Uy embraces the Maroons

Tech tycoon Dennis Anthony Uy of Pampanga, one of many key supporters of the UP Combating Maroons, may simply be the latest fortunate appeal of the premier state college.

Uy has been supporting the UP Males’s Basketball Group (MBT) for a number of years, however final Sunday evening was his first time to look at the Combating Maroons in motion—and simply in time to see the staff dislodge De La Salle College and regain the much-coveted UAAP championship.

The Converge founder mentioned he would proceed to help UP, and never simply in basketball. The tycoon can also be serving to the UP baseball staff and is now engaged on a brand new sponsorship bundle for the UP ladies’s volleyball staff as effectively.

Past sports activities improvement, Uy can also be hatching a know-how partnership with UP Diliman Faculty of Engineering.

Particularly, Uy needs to provide UP a “slice” of the cloud computing infrastructure that his group has already constructed, to speed up UP’s improvement of cloud and synthetic intelligence (AI) capabilities.

“We need to develop the ecosystem,” he mentioned.

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“As a result of infrastructure is pricey, I’ll be the one to construct,” he mentioned.

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Uy mentioned he had already met with UP president Angelo Jimenez to debate the forthcoming tech partnership and is wanting ahead to finalizing the deal quickly. —Doris Dumlao-Abadilla

… Wait, there’s extra on Uy

So far as Uy is worried, his P29.82-billion unsolicited proposal to function, keep and improve the nation’s air visitors management system continues to be on the desk.

Uy, in an interview on Monday in Pasig, was puzzled as to why the Public-Non-public Partnership (PPP) Heart of the Philippines earlier disclosed his undertaking’s rejection. He mentioned that the Civil Aviation Authority of the Philippines (Caap)—the involved company—ought to be the one telling them about the results of the analysis.

However he mentioned they’ve been speaking with Caap concerning the deal, which implies the undertaking can nonetheless be realized.

In reality, Comclark Community and Expertise Corp. is bringing in two Spanish corporations with experience in air navigation—Enaire and Indra Group—to show their technical functionality going into this undertaking.

“We now have the very best know-how accomplice,” Uy mentioned.

So.. a easy case of miscommunication? Abangan.—Tyrone Jasper C. Piad

Actual property subsequent for Ferronoux?

A lot continues to be left unsaid about Ferronoux Holdings Inc., which has been a shell firm since 2015, and its partnership with so-called Themis Group Corp.

However buyers discovered on Monday that Cosiquien-led Ferronoux plans to enterprise into actual property after apparently not hitting the mark as a financing agency practically a decade in the past.

In a inventory alternate submitting, Ferronoux mentioned Themis’ P80-million funding by way of non-public placement can be used to help its operations in addition to fund different prices in “evaluating alternatives for the corporate.”

Whereas we initially had no thought about Themis, Ferronoux lastly gave us one thing to chew on.

In line with Ferronoux, Themis was integrated on Jan. 10, 2024, and is primarily engaged in property.

“[Ferronoux] is geared towards advancing its enterprise into actual property improvement by enterprise strategic initiatives aimed toward establishing presence in the actual property sector,” the corporate mentioned in its disclosure.

Let’s see if this deal yields good outcomes and at last jolts Ferronoux again to life. —Meg J. Adonis