Enrique K. Razon Jr.

Enrique K. Razon Jr.

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Enrique Anselmo Klar Razon Jr. (born March 3, 1960) is a Filipino billionaire and the chairman and CEO of the Manila-listed company International Container Terminal Services, Inc. (ICTSI), the Philippine port-handling giant. He is also Chairman of Bloomberry Resorts Corp. (BRC), developer of Solaire Resort and Casino, a US$1.2 billion integrated resort complex in the Philippines’ Entertainment City. ICTSI and BRC are both listed in the Philippine Stock Exchange.

In 2020, Forbes named Razon the third richest Filipino and the 565th individual in the world, with a personal wealth of $5.1 billion.

Razon’s other investments are in power, mining, oil and gas exploration, and leisure facilities.

Enrique Razon’s owns MORE Power (MORE Electric and Power Corporation or Monte Oro Resources) in Iloilo that replaced Panay Electric Company (PECO) as Iloilo City’s sole power distributor in 2019 through a legislative franchise.

Mr. Razon belongs to the third generation of a family involved in the business of marine cargo handling. The Razon Group has a long-standing reputation of being pioneers and innovators in the management and development of ports, terminals and related facilities. The group’s proven track record stems from over 90 years’ experience in integrated cargo handling, stevedoring and other port services in the Philippines and abroad.

In 1987, the Razon Group and the Soriano Group incorporated ICTSI, initially to bid for the Manila International Container Terminal (MICT) in the Philippines.
After winning the MICT contract 1988, Mr. Razon spearheaded the MICT’s development program. The MICT today is the country’s premier international gateway. ICTSI also operates six other terminals in the Philippines.

After consolidating and strengthening its base and flagship operation at the MICT, ICTSI launched an international and domestic expansion program in 1994. ICTSI is recognized today as a leading operator, innovator and pioneer in the field of port management with a track record that confirms its ability to rapidly adapt to different operating environments, and to add substantial value to its operated terminals by enhancing their efficiency at every level. The company continues to pursue prospects in Asia, the Middle East, Africa, the Americas and Europe.

Mr. Razon sits on the board of most ICTSI subsidiaries worldwide and of several leading foreign and Philippine corporations. His other investments are in real estate, power, mining, oil and gas exploration, and leisure facilities including a golf course in the Philippines. Mr. Razon also chairs the ICTSI Foundation, Inc., which implements the ICTSI Group’s corporate social responsibility advocacies worldwide.

Mr. Razon is a member of the American Management Association, Management Association of the Philippines, the World Economic Forum, the US Philippines Society, ASEAN Business Club, and Philippines, Inc.

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