Daven Tamayo

Delayed release of mining business man hurts investments: Biz group

Article (news)

Benise Balaoing

ABS-CBN News

<p>MANILA -- The continued detention of mining businessman Joseph Sy is hurting the Philippines&#x27; image as a destination for foreign investments, a business group said Tuesday.</p><p>Sy, accused of allegedly misrepresenting himself as a Filipino, was ordered released by a Taguig City court over the weekend, but the Bureau of Immigration (BI) appealed this decision.</p><div><a href="https://www.abs-cbn.com/news/nation/2025/9/6/court-orders-release-of-businessman-accused-of-being-fake-filipino-1816" rel="noopener noreferrer" target="_blank">Court orders release of businessman accused of being &#x27;fake Filipino&#x27;</a></div><p>The Philippine Chamber of Commerce and Industry said in a statement noted that Sy is leading a consortium of Filipino mining companies.</p><div><a href="https://www.abs-cbn.com/news/business/2025/8/25/mining-group-calls-for-release-of-businessman-held-by-immigration-1939" rel="noopener noreferrer" target="_blank">Mining group calls for release of businessman held by Immigration as senator likens him to Alice Guo</a></div><p>Sy, chairman of the mining company <a href="https://www.abs-cbn.com/news/business/2025/8/28/global-ferronickel-chairman-joseph-sy-on-leave-amid-citizenship-issues-1108" rel="noopener noreferrer" target="_blank">Global Ferronickel</a> Holdings, was <a href="https://www.abs-cbn.com/news/nation/2025/8/22/-fake-filipino-arrested-at-naia-1734" rel="noopener noreferrer" target="_blank">arrested</a> last August 21 at the Ninoy Aquino International Airport after the agency received a tip from an intelligence source that the businessman used illegally-acquired Philippine documents.</p><div><a href="https://www.abs-cbn.com/news/business/2025/8/26/sec-says-monitoring-case-vs-global-ferronickel-chairman-1710" rel="noopener noreferrer" target="_blank">SEC says monitoring case vs Global Ferronickel chairman</a></div><p>Sen. Risa Hontiveros <a href="https://www.abs-cbn.com/news/nation/2025/8/27/businessman-joseph-sy-is-chinese-based-on-bi-certification-hontiveros-1836" rel="noopener noreferrer" target="_blank">showed</a> before the Senate that a BI certification proves that businessman Joseph Sy and Chinese citizen Chen Zhong Zhen are the same.</p>

<p>The continued detention of mining businessman Joseph Sy is hurting the Philippines' image as a destination for foreign investments, a business group said.</p>

The continued detention of mining businessman Joseph Sy is hurting the Philippines' image as a destination for foreign investments, a business group said.

Delayed release of mining businessman hurts investments: Biz group

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Delayed release of mining businessman hurts investments: Biz group

Benise Balaoing,

ABS-CBN News

Published September 09, 2025 07:23 PM PHT

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Updated September 10, 2025 07:17 AM PHT

Read More:

Global Ferronickel

Joseph Sy

Philippine Chamber of Commerce and Industry

mining

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