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Showing posts with label Businessman. Show all posts
Showing posts with label Businessman. Show all posts

Wednesday, December 12, 2012

George Ty




George S.K. Ty is a Chinese-Filipino tycoon and the founder of the universal bank, Metropolitan and Trust Company or Metrobank. He is the Chairman of the Metrobank Group, Metrobank Foundation, Toyota Motor Philippine Corporation and the former Chariman of Toyota Autoparts Philippine Corporation. In 2010, Forbes ranked him as the ninth richest Filipino with a networth of USD805 million.

Founding Metrobank

In 1962, when Ty was just 29 years old he founded Metrobank with business partners, Don Emilio Abello, Don Pio Pedrosa and Placido Mapa, Sr. The bank went public in 1981. He had been the Chairman of the Board from 1975 to 2006 until Antonio Abacan, Jr. succeeded him. He is now the Chairman of the Metrobank Group since 2006.

In 1988, Mitsui Corporation partnered with Ty’s Metrobank to put up Toyota Motor Philippine Corporation with the former having 51-percent stake and the only Toyota subsidiary to be locally-owned. He has been the Chairman of the Board since 1988. He also served as the Chairman of the Totyota Autoparts Philippine Corporation from 1990 to 2005.

Aside from these, Ty also serves as Chairman of the Advisory Board of First Metro International Investment Corporation Hong Kong since 202 and Manila Doctors Hospital since 1979. He is an Honorary Chairman o First Metro Travel Inc. since 1989 and Chairman of Manila Doctors College since 2008.

Charitable causes

When Ty founded Metrobank, he envisioned setting up a foundation wherein he could give back to the community. 16 years later, in 1979, he established Metrobank Foundation, which eventually acquired controlling interest in Manila Doctors Hospital. He has served as the Chairman of the Foundation since. To date, the foundation honors teachers, soldiers, policemen and artists.
In 1993, to celebrate wedding of his son Arthur Ty, Ty donated USD20 million to the foundation. In 1999, he donated another USD 30 million, to celebrate the wedding of his other son, Alfred Ty.
In 2009, Ty revealed that he is donating a P1.2 billion prime land in Metropolitan park to established the Philippines’ largest non-profit hospital that will have a 1,000 bed-capacity, and another P5 billion to for operational costs.

Such was Ty’s generosity that former first lady, Corazon Aquino remarked, “the beautiful example of openness, international solidarity, and outstanding philanthropy...needs to be emulated by more people who have been blessed in life.”

Hobbies

Ty is an avid art collector and patron. His foundation regularly supports art competition. He is particularly fond of collecting Chinese paintings and holds the largest private collection outside China. One of his most valuable works a magnificent horse painting done in shuimohua-style by China’s legendary artist Xu Beihong.

Personal life

Ty's chinese name Siao stands for youth and Kian, persistence. He is born to parents Noberto Uy and Mary Vy Ty in Hong Kong and settled in Binondo when they came to the Philippines. His children are Arthur Ty, Alfred Ty, Anjanette Ty, Margaret Ty, and Zandra Ty. He was awarded Management Man of the Year in 2006 by the Management Association of the Philippines.

Tuesday, November 1, 2011

Tan Yu

 


A naturalized Filipino of Chinese descent,   Born  on    1927 in Fujian, China and Died     5 March 2002 at the age of  74 in Houston, Texas,  United States

A philanthropist and businessman who founded the Asiaworld International Group  and established the KTTI Foundation. In 1997, Forbes estimated his net worth to be about $7 billion, ranking him as one of the 10 richest men in the world, and making him the wealthiest man in the Philippines. Some projects were affected by the 1997 Financial Crisis

Originally from Fujian province in China, Yu and his family moved to the Philippines at a young age. He began making a living in Camarines Norte through selling bread buns in the streets and doing some fishing. He graduated from University of St. La Salle in Bacolod City, and in 1997, received an honorary doctorate of science degree from the New Jersey Institute of Technology. By the age of 18, he had established a textile business, and had made his first million pesos.

During his lifetime, he planned to develop Fuga and Barit, two northernmost islands in the Philippines, into a resort in the Pacific for businessmen and tourists. Under the company Asiaworld, he possessed more land in the Philippines than the government, as well as possessing overseas assets in the form of property, Hotels and banks, totaling $12 billion, as estimated by CNN Asiaweek.

Tan Yu died of heart failure in Houston, Texas in 2002 at the age of 75. Jose de Venecia, the Speaker of the House of Representatives in the Philippines, commended his achievements as a great businessman and as a philanthropist, for providing jobs to a number of Philippine people. He was posthumously honored with the Dr. Jose P. Rizal Award for Excellence.

Friday, August 5, 2011

Enrique K. Razon


Enrique K. Razon Jr. 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. Currently the third richest Filipino, a four place jump from last year's ranking, mainly because of his stake in Bloomberry Resorts and Hotels
 
Background

In 1987, he inherited International Container Terminal Services, Inc, and has grown to become the largest corporation that provides container port terminal services in Manila, Subic, Batangas, General Santos City, Poland and Brazil

In 2010, Henry Sy, Jr.’s OneTaipan acquired 100 percent of Monte Oro Resources Grid for USD350 million. The company is a partnership between Razon and Walter Brown’s A. Brown Company and owns 30 percent of the National Grid Corporations of the Philippines.

Razon invested an additional USD200 million in Bloombery Investments Holdings, Inc. Bloombery is just one of four gaming companies that were granted casino licenses by the Philippine Amusement and Gaming Corporation (PAGCOR) for the upcoming Bagong Nayong Pilipino Entertainment City.

Also in the same year, Razon sold Manila Standard for P100 million to Leyte Rep. Martin Romualdez, whose conglomerate owns the Jounal Group of Publications. Razon divested from the newspaper business after acquiring the shares of the Yuchengco family and Soriano group ten years ago to become the head of the Kamahalan Publishing Corporation and Kagitingan Printing Press, Inc.
 
Philanthropy

Razon has a basketball team in the Philippine Basketball League (PBL) with most of its players form the De La Salle University Green Archers. He is also an avid golfer and supported the local pro circuit through the Philippine Golf Tour. He helps the amateur golf through the ICTSI-The Country Club Program and also supported the Canlubang Golf Team.

In 2003, Razon donated P50 million for DLSU’s sports development. The P50 million pesos were broken down into P25 million for equipment and facilities of the Enrique M. Razon Sports Complex, name after his father; P20 million for athletic scholarships and P5 million for sports solidarity fund. The scholarship grant was named, “Enrique Razon Athletic Scholarship Endowment Fund”.
 
Other Companies

Chairman
  •     International Container Terminal Services, Inc.
  •     ICTSI Manila Holdings, Inc.
  •     ICTSI Warehousing, Inc. (IWI)
  •     Asia Star Freight Services
  •     Sureste Properties, Inc.
  •     Sureste Realty Corp.
  •     Provident Management Group, Inc.
  •     Razon Industries, Inc.
  •     Solaire Manila

President of Cebu International Container Terminal, Inc.

Director
  •     A. Soriano Corp.
  •     International Exchange Bank
  •     CLSA Exchange Capital
  •     Kamahalan Publishing Co.
  •     Kagitingan Printing Press, Inc.
  •     Philippine Skylanders, Inc.

Monday, June 6, 2011

Alfredo Yao



Alfredo M. Yao is a Filipino-Chinese and a rags-to-riches businessman who founded the privately held company, Zest-O Corporation. His other businesses include Semexco Marketing, Inc., Harman Foods, Amchem Marketing, Inc., American Brands Philippines, Inc., SMI Development Corporation, Philippine Business Bank and Zest Airways. He also served as the Special Envoy to China for Tourism and Cooperation. He was conferred as the Most Admitted ASEAN Enterprise Award in the Innovation Category for his Zest-O Corporation. Yao was the awarded 2005 Master Entrepreneur by Ernst and Young.
 
Early life

Yao became a breadwinner at an early age after his father died when he was only 12 years old. He is the eldest of the six children, being penniless, he started to work to help the family because his mother’s earnings as a sidewalk vendor could not support their needs. He would accompany his mother to Chinese gambling dens to sell. He hardly finished his elementary and high school education but with the help of a relative, he completed it. He went to the Mapua Institute of Technology for college but had to leave after two years. Later on, he was still able to earn his degree in Engineering under the same institute and got his doctorate degree in Business Administration Honoris Causa from the Polytechnic University of the Philippines.

Yao worked hard and did odd jobs such as working in a warehouse of a packaging company. At that time, one of his cousins was working in a printing press and had the chance to visit the work place several times. And there he saw the potential market in the packaging business and decided to invest. It was the birth of Solemar Commercial Press, named after his mother.
 
The Birth of Zest-O

The said printing press was engaged into making cellophane wrappers of biscuits and candies and stayed 20 years as a business. Then in 1979, while touring around Europe, Mr. Yao came to discover the technology in packaging called “doy packs.” Or flexible foil packs, in one of the exhibits. He bought the machine and tried to market the idea of doy packs to local juice manufacturers in the Philippines but nobody seemed interested. He himself used the said equipment and started preparing fruit juice in his own kitchen.

The company was established as SEMEXCO Marketing Corporation, soon after it adopted the name Zest-O because of its fame. In 1980, Zest-O juice drink was launched and soon, it became a big-hit in the Philippines and eventually capturing 80% of the market for ready-to-juice drinks. Soon, other flavors were introduced to the market such as orange flavor are mango, grape, pineapple, strawberry, guyabano (sour soup), apple, calamansi, mango-orange, mango-calamansi and mango-lemon lime flavors.

Yao soon launched other brands including juice brands including Sun-glo Juice Drink, Big 250 Juice Drink, and Plus!which exported to other neighboring countries in Asia like China, Korea, and Singapore and in some parts of America and Europe, Tita Frita Tomato and Banana Catsup, Beam Toothpaste, One Ice Tea, and Tekki Yaki Udon.
 
Other business development

On 2008, local carrier Asian Spirit was sold to AMY Holdings and Yao expressed interest in merging it with South East Asian Airlines (SEA Air). The merger did not push through and each airline operated independently. Asian Spirit was eventually renamed as Zest Air.
Other positions and designations
  •     President: Asia Wide Refreshment Corp., Harman Foods (Phils.), Inc., Amchem Marketing, Inc., Uni-Ipel Industries, Inc., SMI Development, Inc.
  •     General Manager: Solmac Marketing, Inc.
  •     Finance Officer: Semexco Marketing Corporation and the Philippine Business Bank
  •     May 2006 – June 2007: Treasurer, Export& Industry Bank Inc.
  •     Director of One Mckinley Place, Inc.
  •     Director, UMC Finance and Leasing Corporation. He served as Director of Export and Industrry Bank Inc.
  •     Chairman Emeritus, Philippine Business Bank, Inc.
  •     2002–Present: Former Director and Director of Export & Industry Bank Inc, Arthaland Corp.
  •     2004: Vice Chairman and Director of EIB Realty Developers Inc, Export & Industry Bank, Inc.
  •     President and CEO, Zest Air.

Monday, January 12, 2009

Gregorio S. Araneta


GREGORIO S. ARANETA
(1869-1930)


Don Gregorio Araneta y Soriano, legal luminary, businessman, nationalist and patriot, served his country and people under three regimes. The fifth son and sixth of the seventeen children of Don Felix and Pat Soriano y Dytching, he was born in Mole, Iloilo on April 19, 1869. His brothers and sisters were Leopoldo, Angel, Isabel, Pablo, Marciano, Anastacio, Maria, Filomena, Rosario, Lina, Jose, Concha, Candelaria, Encarnacion, Felicito and Remedies.


In 1880, at the age of 11, Gregorio was sent to study at the Ateneo Municipal. In 1884, he completed his studies at the Ateneo not only with excellent grades but also with high honors. Thereafter, he enrolled at the University of Santo Tomas where, in the language of Justice Villamor, "he gave evidence of outstanding intellect and unusual application to the study of metaphysics." He won prizes in private and public debates. While still a pre-law student, his entry entitled "Darwinian Transformation" won first prize in a contest held on the occasion of the elevation of Father Ceferino Gonzales to the Cardinalate.


In 1891, he graduated from the University of Santo Tomas with the degree of Licenciado en Derecho. He also managed to finish a course in surveying, passing the bar, he joined the law office of Don Jose Ycaza, appointed Registrar of Deeds of the South District of Manila prior to his appointment as prosecuting attorney of the city. He was later prmoted to Justice of the Royal Audiencia in mid 1899.

The young lawyer was awakened to the injustices and abuses of the Spaniards when, in 1891, he was beaten up by the guardia civil for discourtesy. Bloodied in the face and body, he was accompanied by Attorney Ycaza to MalacaƱang to file a complaint. Araneta's prominence in legal circles earned for him an apology which led the Governor-General to immediately disband the guardin civil detachment.


Goyo, as he was fondly called by his friends and classmates, besides being the most eligible bachelor in Manila, was much sought after by clients. He took up the defense of Don Francisco Roxas who was accused of giving financial support to the Katipunan. But since only military lawyers could defend an accused according to the Council of War rules, he could not appear on behalf of Don Francisco. However, he presented a well-reasoned brief to the military tribunal. He also defended the Salvadors, one of whiom was found guilty of rebellion and executed with Don Francisco at Bagumbayan in January, 1897. In the case of Don Ambrosio, Salvador's father, Araneta was able to persuade the court to exile him to Bontoc in lieu of a heavier sentence.


As Spanish sovereignty in the philippines was drawing to a close, General Basilio Agustin formed the Consultative Council to rally the Filipinos against the Americans in 1898. Araneta was appointed a member of this 27-man assembly.


Aguinaldo, having heard of the prestige of Araneta, appointed him a member of the mission headed by Felipe Buencamino whose task was to negotiate the entry of Filipino troops to the city in August 1898. The mission failed because General Thomas Anderson had already occupied Manila.


To strengthen his revolutionary forces, Aguinaldo invited all segments of society to join him in the war against the Americans. Araneta was called to Malolos and made a member of the Malolos Congress. He became its secretary and participated in the drafting of the Constitution. In November, he was made a member of the Committee on Diplomacy which was charged with the organization of missions to foreign` countries for the recognition of the Philippine Republic. On the advice of Mabini, he was also made member of the group tasked to negotiate with the American troops under the command of General Wesley Merritt. He however resigned from all these positions to concentrate on his work as Secretary of Justice, a new position to which he was appointed.


Sometime in January 1899, after the Treaty of Paris had been concluded, he left for Manila. He clearly foresaw that a bloody struggle was not the best means to gain Philippine freedom and independence in the face of a much more superior foe.


In Manila, the Americans revived the Royal Audiencia. General Elwell Otis appointed Araneta to that tribunal, together with Cayetano Arellano, Florentino Torres, Manuel Araullo, Julio Llorente, And Dionisio Chanco.


Araneta was appointed Solicitor General, to replace Attorney Libbeus Wifley, an American who retired from the service. On July 1, 1908, Araneta was appointed Secretary of Justice and Finance, the first Filipino to hold that executive portfolio. As a high-ranking justice official he issued many legal opinions which later became part of administrative law. They were written so concisely and clearly that many American lawyers held him in high respect.


Though he was already receiving a substantial salary estimated at P32,000 per annum, he chose to retire from government service in 1913. He went into private practice with Salvador Zaragosa. In 1916, he ran For senator for the fourth district but lost to Rafael Palma.


Twice he prevailed on the Supreme Court to reverse its decisions. Twice too, he was offered the bench but refused it. He taught civil law in the University of Santo Tomas in the 1920’s, in keeping with his concern for the education of the youth. Typical of this concern were the thoughts he expressed at a commencement address he delivered in 1924: "A man is like a tree. If the tree starts to grow crooked, it will always be crooked. But a tree that starts straight remains straight throughout its life." In 1923, his son Salvador joined his law office. His prestige grew so much that some American lawyers were moved to comment that "the judiciary in the Philippines during his time was better than that in the United States."


In private life Don Gregorio was a quiet and reserved man. He loved music. He would visit his relatives, to whom he was deeply atteched, and his friends or invite them to his residence along Calle Sebastian. His house was a gathering place for prominent persons and government circles, both local and foreign.


As a businessman, he was astute but also kind and accommodating. Once, to settle the debt of a friend, he paid from his own pocket 600 as a guarantee.


A loving and thoughtful father, he would fetch his children from school whenever his office hours allowed. He would take them to the beach for their relaxation and health and he would rent houses in the suburbs for their safety and well-being. Those responsibilities were shared by his wife Carmen Zaragosa, faithful, religious and dutiful, whom he married on March 7, 1896. His children were Carmita, Jose, Salvador, Consuelo, Pat, Rosa, Antonio, Teresa, Ramon, Vicente, Conchita, Margarita, Luis and Francisco.


Don Gregorio was also a devout Catholic. A holder of the Pro Ecelesia et Pontifice cross awarded by Pope Plus XI, he seldom missed the observance of holy days of obligation with his family. He reared his children in the Christian virtues. Often, he would sit in his lounging chair and read a significant passage from the Bible to his children. Though wealthy, he did not spoil them. When any of his children did wrong, he would not hesitate to use the slippers to discipline them.


After his retirement from active law practice, he would take long walks along Dewey Boulevard with his son Salvador to burn the excess sugar in his blood since he was a diabetic. Then he built a summer home for his family in Baguio and acquired a considerable farm area in San Jose Del Monte, Bulacan.


On May 8, 1930, while inspecting his farm with his son Antonio, he was seized with a massive heart attack. Rushed to the Singian Clinic, then the best in Manila, he never recovered. He passed away the next day. On May 10, his remains were interred at La Loma Cemetery.