RSA now 3rd richest Pinoy; Villar, EKR, Sy-blings take a bloodbath while Betty Ang, Grace Uy crash out of ranking in brutal September

It was a September not to remember for ultra bilyonaryos except for San Miguel Corp. big boss Ramon S. Ang.

Majority of the Filipinos on Forbes’ real-time billionaires lost a seriously big amount of money over the last 30 days due to plunging stocks and a diving peso.

Only Ang emerged from the bloodbath with a massive $500 million or 26 percent gain in his checkbook to $2.4 billion.

The self-made businessman is now ranked the third richest Filipino, his highest placement ever since joining the three-comma club in 2017.

The biggest loser is the richest Filipino, property tycoon and aspiring media mogul Manny Villar, who lost a quarter of his wealth or $2 billion to $5.8 million.

No. 2 richest Filipino, Enrique “Ricky” K. Razon Jr., also took a gut punch after shedding $600 million or 10 percent to $5 billion.

The Sy siblings – Big Boy, Tessie, Hans, Herbert, Harley and Elizabeth – were bruised with their combined assets shrinking $1.6 billion or 13 percent to $11 billion.

Two ultra bilyonaryos, whose fortunes were bolstered by ginormous initial public offerings, dropped out of the list after their stocks faltered.

Maria Grace Uy, co-founder of Converge ICT Solutions, saw the broadband fiber’s stock tank 22 percent to P13.1 from its IPO price of P16.80. Her husband, Dennis Anthony Uy, fell off the list the previous month.

Betty Ang, co-founder of noodle and biscuit maker Monde Nissin, suffered a 10 percent drop in her stock to P12.18 from its IPO price of P13.50.

HSAC Techs Up with UnionBank’s UPAY for digital settlement of fees

The Human Settlements Adjudication Commission (HSAC) has signed a memorandum of agreement with Union Bank of the Philippines (UnionBank) for a partnership that will allow HSAC to digitize the payment of fees for its services. The signing ceremony took place last November 23 at the HSAC Office in Quezon City.