Name: Iresh Mae A.

Diaz
Grade&Section: 12- Celestino Antonio

SHOEMART “There is no such thing as overnight success or easy money. If you fail, do not be
discouraged; try again. When you do well, do not change your ways. Success is not just good luck: it is a
combination of hard work, good credit standing, opportunity, readiness and timing. Success will not last if you do
not take care of it.”- Henry Sy, Sr.

Shī ZhìChéng, (Henry’s Chinese name), was born on December 25, 1923, to an impoverished family in
Jinjiang, a town near Xiamen, China. The entire family left China for good in 1936, so they could be with their
family patriarch who was then a proprietor of a thriving variety store in Manila. Henry remembers having to clear
the store’s counter, which served as his sleeping place, after helping his father run the store for 12 hours.

Unfortunately, World War II came and their family store was burned down; but the war’s aftermath gave
him the opportunity to earn income by buying and selling post war goods including the shoes of some enterprising
G.I. Joes. The success of the shoepeddling business later gave the young man from Jinjiang, China, the idea of
opening his own shoe store.

This was how Henry Sy, Sr. came to be the founder of the Philippine’s largest retailing company known as
SM. The acronym stands for Shoe Mart, the name of the small shoe store business he started in 1958 at the
“Avenida”, which was Manila’s most popular commercial district during the post war era.

Initially, however, the young businessman encountered difficulties in finding a local shoe manufacturer
who would cooperate with his ideas on the kind of shoes to sell. He was quite determined and confident in pursuing
his plans because they were mostly based on his own research. He continuously learned from his customers, his
employees, and his suppliers and practically studied the growing needs of the Philippine market.

Henry never lost sight of his goals even as he succeeded with his shoe store venture; he pursued a college
degree in one of Manila’s top universities, because education for Henry was a means to learn more ways on how to
augment his income.

Today, after more than 50 years, the shoe store has evolved into becoming a network of 44 large-scale
shopping malls not only in the Philippines but throughout Asia and lays claim to three of the world’s top ten
shopping centers: the SM City-North EDSA (ranked 3rd), the SM Mall of Asia (ranked 4th) and SM MegaMall
(ranked 7th), which are all located in the Philippines. The malls have become typical destinations for family
weekend recreation and leisure regardless of social stature, since the stores are strategically scattered throughout the
country.

Henry Sy, Sr. was listed by Forbes in its 2010 edition as the richest man in the Philippines and was honored
by the prestigious magazine in 2009 for being one of the Filipino Heroes of Philanthropy. Through the SM
Foundation, solutions to social problems for health, education and spiritual assistance have been extended to people
in remote areas, by way of mobile health and dental clinics, scholarship awards, and contributions for building
public schools, Catholic chapels and youth centers.
Name: Iresh Mae A. Diaz
Grade&Section: 12- Celestino Antonio

CDO

Unrelenting passion and the need for financial betterment, is what drove the young Corazon D. Ong to
establish his business empire. With the right amount of knowledge, skills, and liking for what she does, Corazon
rose from a simple homemaker to a very successful businesswoman. Let us look at how she managed to flip the
tables around! Corazon D. Ong, was a simple homemaker then; a good wife to his husband Jose who is a professor
at the very prestigious Ateneo de Manila University, and a loving mother to his three kids – Jerome, Jason &
Sharmaine. Aside from that, she is also a licensed dietician. So, what she did then, as part of her daily routine is to
prepare food for the fami8ly. Being a dietician, she keeps in mind the significance of a balanced healthy meal to the
body, so to make sure that her family will be getting the best meals, she prepares them herself. Little did she knew,
that this hobby of her will be the root of their success.

As mentioned, the production of food started out as a hobby. She prepares them tocino, longganisa, and
other easy-to-make processed food. It was initially for the family only, but she noticed that many moms in their
neighborhood also likes these products, she started to sell out. She saw the need of these moms to prepare a quick-
fix yet healthy lunch for their kids, so to help them she started retailing small amounts of these products. It was
highly praised, and Corazon received a lot of positive feedbacks. So, what she did was, borrow from a local bank a
total amount of P60, 000 to put up an official business. It was in June 25, 1975 when she established CDO Food
Products at the backyard of their humble home. The first product they released was longganisa and tocino among
others.

In 1981, Foodsphere Inc. was duly registered and CDO was retained as the flagship name of its food
products. Innovations and modernizations followed to ran after the growing industry. The company was converted
into a family corporation. Her whole family worked together to make the business more successful. However,
tragedies cannot be avoided. It was in 1987 when a fire broke out in the company’s processing area, destroying most
of their advanced processing equipments. It was one of the incidents that really challenged the faith and dedication
of Corazon. But she stood above it, nevertheless. Two days after the fire, Corazon called her staff to plan about what
they will be doing next. Because of that, CDO Foodsphere Inc., was again back on its feet to serve the Filipino
people.

Bouncing back from that, CDO became even more eager to expand their products horizon. From then on,
different innovations of products were continuously being researched to satisfy the palates of the consumers
especially Filipinos. From Longanizas to tocino, hotdogs and many others, the company tried to develop more and
more products to cater the masses based on their consumption. In 2001, the company introduced carne norte which
suited the Filipino taste at a very reasonable price and another innovation in the industry. CDO-Foodsphere has
emerged as the number one producer of carne norte in the land. She was also the brain behind the San Marino
Corned Tuna, which is now a hit in the market. CDO Foodsphere has established its success based on the needs of
the consumers. Ong’s core vision came to reality that is to provide affordable food products to the most number of
Filipino households.

Looking back, who would have thought that a simple desire to give the best meals to the family would
became a very profitable and successful business? Yes, CDO’s Corazon really proved that there is more to being a
simple homemaker. Because of her successes, he has received a lot of awards in her field of interest. These are:
Most Outstanding Nutritionist of the Year in 1996, Agora Awardee for the Most Outstanding Medium-Scale
Entrepreneur in 1997, Most Outstanding Professional in the Field of Dietetics in 1999, Most Outstanding Woman in
Name: Iresh Mae A. Diaz
Grade&Section: 12- Celestino Antonio

Valenzuela in 2006, and Woman Entrepreneur Award in 2009. But above all these achievements, her most satisfying
award is the way he has brought up their children. Her son Jerome is now the corporate Vice-President who has a
degree in Economics from the University of the Philippines; Jason, is now a nutritionist and head of the research
department; and their only daughter, Sharmaine, a licensed physician but joined the family business as the one
handling the financial aspect. This is what she considers her life’s best blessings.

LactoPAFI

Engr. Gregorio G. Sanchez just had to find a way to keep alive the hundreds of piglets in his livelihood
program. A kitchen experiment resulted in a food supplement formula that fattened the piglets and eventually,
became the foundation of a fullblown business.

Engr. Sanchez is a civil engineer whose early career was in the construction business. After returning from
the US in 1983 following the assassination of Ninoy Aquino, he became a street parliamentarian. Engr. Sanchez was
subsequently appointed as Board Member of the Province of Cebu in 1986, reappointed in 2003, and became Vice
Governor in 2004. It was between his appointments to the Provincial Board when Engr. Sanchez developed
Lactopafi Probiotic Bacteria. He was led to do research on lacto bacillus after his pig dispersal program failed
because of the piglets’ malnutrition. He performed countless experiments with only pots, pans and a small tank for
equipment. His persistence yielded a food supplement that would suppress bad bacteria in livestock.

Those who witnessed the positive effect on livestock urged Sanchez to produce a health drink for human
consumption. He developed Lacto Pafi Probiotic Bacteria, currently among the superior probiotic bacillus strains in
the world (probiotics are dietary supplements containing live bacteria taken orally to restore beneficial bacteria to
the body). Those who took the concoction claim to have been healed from various ailments.

Lacto Pafi’s reputation spread by word of mouth and through testimonies broadcast in local radio. The
product was registered with the Bureau of Food and Drugs and Sanchez decided to manufacture it commercially.
Engr. Sanchez also developed new products with the lactobacillus component such as soap, shampoo, toothpaste,
and other personal care products. Lacto Pafi products have reached Norway, France, Australia, New Zealand, Hong
Kong, Japan, and the US. Engr. Sanchez is also breaking into the rest of the Southeast Asian region and China

. For his contributions to business and the community, he was awarded Most Outstanding Alumni of the
University San Jose-Recoletos in 2003. In 2005, his product was cited as Most Outstanding Lactobacillus Health
Drink and Best ProBiotic Supplement by the Philippine Marketing Excellence Award Group and the National
Product Quality Excellence Awards Group, respectively. The product was approved in 2005 by the US Food and
Drug Administration.
Name: Iresh Mae A. Diaz
Grade&Section: 12- Celestino Antonio

Banatao Filipino American Fund

Silicon Valley has long been synonymous with the latest in tech innovations, and one of its best minds is a
Filipino: Diosdado “Dado” Banatao.

The tech world has him to thank for two things that can be found in every personal computer (PC) you see
today: the PC chip set and the Windows Graphics accelerator chip for PCs. But the man who would design what we
see in every single PC did not start the way you would imagine.

It sounds cliché, but Diosdado “Dado” Banatao had the humblest of beginnings that lead him to where he is
now. Born and raised in Iguig, Cagayan Valley, he grew up not having access to what people usually take for
granted: electricity, internet, and paved roads.

He often felt like he was inferior, which instilled a desire to work harder than everyone else. He eventually
graduated with a degree in Electrical Engineering from the Mapua Institute of Technology, but he did not get his
start in tech until much later.

Dado always wanted to be a pilot as a kid, so when Philippine Airlines said “We’re looking for pilot
trainees,” he jumped at the chance. One year into his pilot training, he was offered a job at Boeing as a part of the
team working on the 747.

At Boeing, he was part of the team that finalized the design and control surfaces (to name a few) of the
Boeing 747. While he was excited during the launch of the 747, he wasn’t “happy” with his job at Boeing,
prompting him to attend graduate school.

It was only after he completed his Master’s Degree in Electrical Engineering and Computer Science at
Stanford University that he started his path towards Silicon Valley.

After spending time at Silicon Valley in the 70s (when it wasn’t called Silicon Valley yet), he had his first
breakthrough with Commodore International after he developed the first single-chip, 16- bit microprocessor-based
calculator. Today, Dado Banatao is the managing partner of Tallwood Venture Capital, a venture firm focused on
semiconductor technology solutions for computing, communication, and consumer platforms. He’s also the
Chairman of the Board of Directors for Inphi, a company that specializes in advanced semiconductor and Silicon
photonics solutions.

Seeing what education has done for him, he founded the Philippine Development Foundation (PhilDev), a
nonprofit organization that looks to eradicate poverty through education, innovation, and entrepreneurship.

He also runs the Dado Banatao Educational Foundation, a foundation that awards scholarship grants to five
Filipino students who show potential in the fields of engineering and technology.
Name: Iresh Mae A. Diaz
Grade&Section: 12- Celestino Antonio

National BookStore

The name Socorro “Coring” Ramos may not ring any bells for some people. She, however, is one of the
most successful entrepreneurs in the Philippines for founding the largest bookstore chain in the country – National
Book Store.

Back in 1940, she and Jose Ramos, her husband, established a small stall in Escolta where they sold
supplies. They, however, did not have a steady road towards success. In fact, they endured many trials together that
would have discouraged most entrepreneurs. During World War II, the Japanese soldiers occupying the country
considered many of the books sold in their store to be objectionable. What the couple did was to hide the books and
then sell candies, slippers, soaps and other goods instead. The books they managed to save were later sold in their
store after the end of the war. Also, they had to relocate to Avenida because their first building was badly damaged
by the war. Three years after that, their bookstore was struck by a heavy typhoon, blowing the roof and damaging
many of their merchandise.

This, however, did not deter Coring. Like the mythical phoenix, she rose from the ashes and built the
business back up once more. In the 1970s, National Book Store became popular by selling reprinted versions of such
books for lower costs. These days, National Book Store already has 160 branches throughout the Philippines along
with some mini outlets (National Book Store-Book Express) and specialty bookstores (Powerbooks). As if that
wasn’t enough, the Ramos family also operates three publishing imprints, a department store, a music store, plus
several convenience and gift shops.

All three of Coring’s children are employed in high-level jobs along with several grandchildren and
relatives. After 70 years of running the business, Coring can really say that persistence is one of the most important
keys of achieving great things.

Mercury Drugstore

All great things come to those who works and waits patiently for it. This is the quote which best fits the
story of how Mariano Que became a successful person. Starting from the bottom, he made his way up by working
passionately, and waiting for the perfect timing patient;y. Let us all be inspire by the story of the person who made
the success of Mercury Drugstore.

Mariano Que once started as a regular employee at a drugstore located in Manila during the prewar period.
As a dedicated employee, he learned to love his job, the role it plays in the everyday living of the Filipinos. Then
Name: Iresh Mae A. Diaz
Grade&Section: 12- Celestino Antonio

came the war who took all, and destroyed everything that there is in the busy streets of the city. The drugstore where
he used to work was also severely destructed, leaving Mariano completely jobless. When the war was
over, everything went scarce, including the medicine. Being knowledgeable about medical prescriptions, Mariano
realized that this period could be a good opportunity for him to help others and also, improve his finances. He then
started retailing sulfa drugs, like the sulfathiazole tablets for a capital of P100. he peddled this in the most poor
streets of the city where medicine was really not available. And since his business was retail, he sold out his items in
no time. He used to peddle this items down the streets, but when he has accumulated enough capital, he then bought
a push cart or “kariton” and sell even more medical products. Many others has saw the potential in that retailing
business, so they copied Mariano. But instead of selling fresh and legit medicine like Mariano, other peddlers
resorted to selling fake and expired medicine. Through this, Mariano gained a respectable reputation about selling
medicine which are not yet expired. People started to trust him more.

By the formal end of the war, in 1945 Mariano has gained enough capital to put up a physical store which
he named Mercury Drug. The Roman god Mercury carried the caduceus symbol, which was largely associated with
the medical profession. However, despite the physical store, he still hired motorized vehicles to deliver medicines to
his valued customers. He also made his store hours 17 hours a day for the whole week, because he believed that
medication may be needed in anytime of the day. In 1952, the stores were open 24/7, which made the drugstore
become a valuable part of the community. As a matter of fact, because of this scheme, Mercury Drug has been the
go-to medical store of the Filipino people.

In 1960, the Ayala Group of Companies offered Mariano Que a space to lease in the shopping center that
was about to be developed in the heart of Makati. Thus, the second Mercury Drug opened, this time as a self-service
pharmacy. The rest is a history of more innovations and technological adoption of computer-guided controls and
biological refrigerators. These improvements allowed the drugstore’s expansion into other life-saving medications.
The newer branches of today are superstores as they carry more than just medicines but other consumer products
from food to household to health and beauty items. Mercury Drugstore has been continuously expanding even until
now. And today, aside from offering medical products, Mercury Drugstore also has been a convenience store.

At his mid-90s, Mariano is the happiest man for fulfilling his life’s desire. On one interview, he said that it
is about giving and doing the things that needs to be done. If not for one Mariano Quye, we would not be able to
access medical products this easy, and this convenient. More than that, Mariano has also different efforts to help the
local communities. Some of his programs are “Bantay Kalusugan”, “Operation Bigay Lunas”, “Operation Patubig”
and “Pharmacy Scholarship Program”. More than the need for financial success, Mariano really aimed to help the
Filipino people.

Because of Mariano’s sincere efforts, there are about 700 Mercury stores, some of which are under
franchise. All these fulfilled Mariano Que’s goal of making safe medication available and accessible to every
Filipino community. Today, Mariano’s daughter, Vivian Que Azcona, continues to uphold his company’s visions
and missions. In return for their customers’ unwavering loyalty, Mercury Drug celebrates their annual anniversaries
by holding a free clinic to the indigent, for which the appropriate medications for their illnesses are likewise given
for free.
Name: Iresh Mae A. Diaz
Grade&Section: 12- Celestino Antonio

Universal Robina Corporation

He’s known to be a philanthropist. John Gokongwei, Jr. is a prominent Chinese Filipino businessman with
holdings in air transportation, banking, food manufacturing, petrochemicals, power generation, publishing, real
estate and property development, telecom and textiles. In 2009 Forbes magazine issue, Gokongwei has a networth of
$720 million making him the fifth Philippine richest businessman.The entrepreneurial career of John Gokongwei, Jr
is one of the most cited in Asia. Once a scion of a wealthy clan, the young Gokongwei overcame the death of his
father, the creditor’s seizure of their home, and the loss of the family business to bounce back from adversity. The
shock and humiliation so steeled him that a bank’s rejection of his loan application failed to dishearten him in the
1950s, when he was starting his first factory. Nor did his failed attempts to join San Miguel Corporation dim his
spirit two decades later.

He was born August 11, 1926 in the scenic Gulangyu isle across Xiamen City, in the Fujian Province of
South China. But he spent his childhood and first became an entrepreneur in the resource-poor yet dynamic trading
port city of Cebu, where his great- grand father, Pedro Lee Gotiaoco, had risen from poverty to become oneof the
wealthiest merchants and leaders of the Chinese business community. Later, the reversal of fortunes forced the teen-
aged John to peddle soap, thread and candles using his bike. By age 17, he was riding the batel, traveling two to
three weeks with products to sell from Cebu to Lucena and then on to Manila. During World War II, the young
Gokongwei also sold diamonds in Cebu as a result of the trust placed on him by the older Chinese traders, who were
impressed with his initiative.

After the war, Gokongwei setup Amasia, a trading firm that imported textile remnants, fruits, used
clothing, and old newspapers and magazines from the U.S., and stocked them on the ground floor of a two-story
apartment, above which Gokongwei’s family lived. Next, he moved to Chinatown in Manila to start a corn-milling
factory producing glucose and cornstarch. The 30-year old entrepreneur lacked capital, but had good shinyong or
“trustworthiness,” so China Bank officials Albino SyCip and Dee K. Chiong granted him a P500,000 clean loan to
start him off. Gokongwei has since moved from one venture to another, reinvesting his earnings and working for
half a century to build a conglomerate.

The Gokongweis’ flagship company had originally focused on “food, clothing and shelter,” but today it
has become the most diversified conglomerate in the Philippines. It controls the biggest snack food producer,
Universal Robina Corporation, the URC branded Consumer Foods Group, and the URC Agro- Industrial Group.
Robinsons Land Corporation, developer of residential and office condominiums, shopping malls and housing
projects, boasts the largest number of hotel rooms (1,140) in the country. The successful Robinsons malls have built
over half a million square meters of total leasing space nationwide. Cebu Pacific Air, which entered the market in
1996 on a strategy of offering “low fare, great value,” has grown to become the second largest domestic carrier in
the Philippines.

On March 04, 2003, Gokongwei made a rare appearance to celebrate the launch of Sun Cellular by his
Digital Telecommunications Philippines Inc., the largest fixedwire telephone service provider in Luzon outside
Metro Manila. Gokongwei paid his dues to philanthropy when he established the Gokongwei Brothers Foundation.
In 1999 the foundation put up GBF training Center as an advanced technical school for engineering graduates; it
also launched the Children’s Library, the multi-media libraries at the Robinsons shopping malls.
Name: Iresh Mae A. Diaz
Grade&Section: 12- Celestino Antonio

Zest-O

When Zest-O was established, it had a single yet valuable mission, to provide products of immense
consumer value and quality that exceeds even the scrutiny of global measure.” Alfredo Yao

Alfredo Yao’s story is yet another rags-to-riches tale of a self-made businessman who rose from poverty
through hard work and determination. He had to face life’s hard realities at the age of 12 when his father died; his
mother tried to support Alfredo and five other siblings with her earnings as a sidewalk vendor.Through the help of a
relative, he was able to finish his elementary and high school education. However, he was unable to complete his
college education at the Mapua Institute of Technology, which he attended while doing odd jobs at a warehouse of a
packaging company.

Through a cousin who was working with a printing press, Alfredo Yao learned the ropes on printing
cellophane wrappers for candies and biscuits and went on to venture into operating a printing press business. The
business thrived for about 20 years until Alfredo Yao saw the potentials of the “doy packs”, then the latest European
packaging technology. Initially, Alfredo’s first intention was to offer the “doy-pack” packaging to some local juice
manufacturers, but since there were no takers, he ventured into the juice manufacturing business himself.

In 1980, Alfredo Yao started concocting fruit juices in his own kitchen and launched the Zest-O orange
drinks in the same year. It became an instant hit as every mother saw the practicality of putting the light but tightly-
packed orange drinks in their kids’ lunch boxes. Kids loved it that their chilled fruit drinks stayed cold and fresh till
snack time.

Today, Zest-O drinks come in 12 variants and command 80% of the market for fruit juices. It has expanded
its business to China, Australia, New Zealand, Korea, Singapore, the U.S. and Europe and has helped revitalize the
fruit growing industry in the provinces, particularly the Philippine’s native orange variety called “dalandan”. The
doy packs are being recycled by local cottage industries into handbags and are now being exported to other
countries. Aside from expanding the business by producing other ready-to-eat and ready-to-cook food products,
Zest-O Corporation now owns the former Asian Spirit Airlines, which CEO Alfredo Yao aptly renamed as Zest Air.
Name: Iresh Mae A. Diaz
Grade&Section: 12- Celestino Antonio

Lamoiyan Corporation

Cecilio K. Pedro is another Filipino businessman of Chinese descent but his story is not the typical rags-to-
riches tale but about turning adversity into triumph. He earned his business management degree at the Ateneo de
Manila University, one of the more prestigious private schools in the Philippines.

He once headed Aluminum Container, Inc. which was the major supplier of the collapsible aluminum
toothpaste tubes that were formerly used by local manufacturers of Colgate-Palmolive, Procter and Gamble and the
Philippine Refining Company (now Unilever). However, technological innovations and the environmental concerns
over aluminum materials prompted the multinational companies to make use of the plastic-laminated toothpaste
tubes as an alternative. As a result, Cecilio’s aluminum factory closed shop in 1985, but this didn’t stop him from
exploring other ways to put his factory equipment into good use.

Cecilio K Pedro decided to compete with the multinational giants by producing locally made toothpastes
and hit them where it would hurt the most — the selling price. He founded the Lamoiyan Corporation, which
became the manufacturer of the first locally produced toothpastes “Hapee” and “Kutitap” (sparkle). They were sold
in the Philippine market at 50 percent lower than the selling price of the well known foreign brands.

Although Colgate countered by dropping the price of its toothpaste products 20 percent lower than their
original price, Cecilio Pedro came up with another innovation that gave him a further edge in the local market scene.
He developed multi-flavored toothpastes for children that came brightly packaged in tubes and boxes adorned with
“Sesame Street” characters. Today, the market for the budget-friendly toothpaste brands has expanded to
neighboring countries like China, Vietnam and Indonesia.

However, the low-priced toothpaste was not the only strategy that took Lamoiyan Corporation to the
pinnacles of success. The company was lauded for having the “Most Outstanding Program for Equal Employment
Opportunity” by providing work opportunities to the country’s hearing-impaired community members.

Lamoiyan’s employment program includes free housing for more than 30 deaf-mute staff, while the
company’s managers are required to learn sign-language as a means of communicating with the hearing-impaired
staff. Since the founding of the Lamoiyan Corporation, about 180 deaf-mute students have received a free college
education through D.E.A.F. which stands for Deaf Evangelistic Alliance Foundation, founded and chaired by
Cecilio K. Pedro and officially recognized by the Philippine government’s Department of Education and Culture.

Cecilio K. Pedro was awarded with an Honorary Doctor of Philosophy in Technological Management by
the Technological University of the Philippines in recognition of his corporate and social achievements. Dr. Pedro
ingrained his own belief through the company’s corporate motto: ”Making the difference for the Glory of God.
Name: Iresh Mae A. Diaz
Grade&Section: 12- Celestino Antonio

Jollibee

Born third of seven siblings, Tony Tan Caktiong was from a poor family in China who immigrated to the
Philippines in hope that they may have a better life. His family helped each other out, establishing a restaurant
business in Davao which enabled young Tony to study Civil Engineering in the University of Santo Tomas.

When he was 22, Caktiong decided to shell out P350,000 in an ice cream parlor franchise. He opened
Cubao Ice Cream House and Quiapo Ice Cream House. As their business becomes more and more successful, they
started to hire more people to help them manage it. Two years later, he decided to serve hamburgers, fried chicken,
and spaghetti as people began to tell him that they don’t want to eat ice cream all the time. It was then that they
decided to rebrand and change their name to “Jollibee” as it represents them as a company, and the people that they
cater to – hardworking and happy.

McDonald’s came into the picture not many years later, but they failed to take over Jollibee’s popularity as,
according to Caktiong, they don’t know the local food culture. Filipinos have a sweet taste on food, so Jollibee
decided to serve spaghetti with a sweeter flavour. Filipinos like to smell everything they eat, which is the reason
behind the “Langhap Sarap” tagline they have been using for a while now.

As years go by, the Jollibee group grew bigger. Caktiong partnered up and established a couple other food
chains including Chowking, Red Ribbon, Greenwich, and Delifrance. Aside from bringing Jollibee, Chowking, and
Red Ribbon to other countries, they’ve also established new food chains in China and Taiwan which suit the tastes
of the people there.

As of 2016, Tony Tan Caktiong ranked 6 th in Forbes’ Philippines’ 50 Richest. He was also awarded the
Entrepreneur of the Year and the Ernst and Young Entrpreneur of the Year in 2004.