Tag Archives: Henry Sy

DONALD TRUMP FOR PRESIDENT: ‘CELEBRITY APPRENTICE,’ MISS UNIVERSE PAGEANT ON HOLD

Trump with 2012 Miss Universe Olivia Culpo of the U.S.A
Trump with 2012 Miss Universe Olivia Culpo of the U.S.A.

PALM BEACH, Florida (The Adobo Chronicles– Most people think that the idea of Donald Trump running for president of the United States is a big joke. But for the real estate mogul, it’s serious business.

Donald Trump has put off agreeing to an extension of his “Celebrity Apprentice” reality television show while he weighs a 2016 U.S. presidential bid. He told NBC yesterday he could not commit to a three-year contract extension for the series until he decides whether he’s running. From all indications, the Donald is throwing his hat in the ring.

Trump, speaking at an event at his Mar-a-Lago estate on Palm Beach, also said that he is putting off next January’s Miss Universe Pageant so he could focus on his presidential campaign. Trump is the owner of the Miss Universe Pageant.

Upon hearing the news, Miss Philippines-Universe Pia Wurtzbach, broke into tears, saying she has waited for years to be on the Miss Universe stage. Wurtzbach finally won the title this year after several attempts at the crown.

Meanwhile, The Adobo Chronicles learned that the Philippines’ richest man, Henry Sy, is seriously considering buying the Miss Universe franchise from Trump.

Sy owns  the SM Investments Corp, the largest retailer in the Philippines with over 200 individual outlets around the country. The firm is one of the country’s largest conglomerates with interests in real estate development, shopping malls and banking. One of his more recent ventures, the City of Dreams Manila resort and casino, which opened in December 2014, cost $1.3 billion to develop.

A spokesperson for Sy said that if the Filipino billionaire succeeds in acquiring the Miss Universe Pageant, he plans to make the Philippines the permanent venue for the annual beauty competition.

ADOBO CHRONICLES TO CEASE PUBLICATION, IS BOUGHT OUT BY FILIPINO BILLIONAIRE HENRY SY

Henry Sy  Photo credit:  www.garfsblog.uso99.com
Henry Sy
Photo credit: http://www.garfsblog.uso99.com

SILICON VALLEY, California (The Adobo Chronicles) – Starting April 1, 2015, the close to 15 Million followers of The Adobo Chronicles will see a blank screen when they log on to this Internet news site. The site, headquartered in the Silicon Valley in California, will cease publication as of March 31.

The reason? The site was bought out by the Philippines’ richest man, Henry Sy.

Henry Sy remains the Philippines’ top billionnaire, according to Forbes. His net worth has increased by ten digits plus, thanks to the continued growth of his SM Investments Corp, the largest retailer in the Philippines with over 200 individual outlets around the country. The firm is one of the country’s largest conglomerates with interests in real estate development, shopping malls and banking. One of his more recent ventures: the City of Dreams Manila resort and casino, which opened in December 2014. The resort cost $1.3 billion to develop and consists of 950 rooms, 365 tables and 1,700 slot machines.

Sy is purchasing the Chronicles for an undisclosed amount.

In announcing the purchase, Sy said he can no longer stand the gullibility of his fellow Filipinos who, time and again, fail to recognize that all the stories in the Chronicles are true. “It is best to close the site down, so I decided to buy them out,” the billionnaire added.

Sy also hinted that he is in negotiations to also buy out five other Filipino news sites, namely, The Professional Heckler, So, What’s News, Eritas Times, Mosquito News, and The Philippine Chronicle.