MANILA — Property, retail and banking tycoon Henry Sy whose conglomerate owns the chain of SM Supermalls in his country and China has retained the title of the Philippines' richest person for the eight consecutive year, with his net worth up $1.7 billion from last year to $14.4 billion. Forbes Philippines, which puts together the list, said Thursday that the value of Sy's publicly traded conglomerates SM Investments rose 17 percent and SM Prime Holdings 20 percent over the past year. John Gokongwei Jr. of JG Summit conglomerate that owns SM's rival, mall chain Robinsons, is the second richest with a net worth of $5.5 billion. Alliance Global's Andrew Tan climbed a notch to the third place despite a drop in his net worth to $4.5 billion from the previous $5.1 billion. Lucio Tan of LT Group was fourth with a net worth of $4.3 billion. Tan is also chairman of Philippine Airlines. Fifth was International Container Terminal Services' Enrique Razon Jr., who is worth $4.1 billion. Rounding out the top 10 are are George Ty, the Abotiz Family, Jaime Zobel de Ayala, David Consunji, and Tony Tan Caktiong. — AP