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    The document summarizes the success stories of two Filipino entrepreneurs, Lucio Tan and John Gokongwei. Lucio Tan's family immigrated to the Philippines from China and he started his career working in a tobacco factory, which led him to start his own successful tobacco company. He later acquired several major Philippine companies. John Gokongwei's wealthy family fell into poverty and he began selling peanuts at age 14 to support them. He became a successful trader and used loans to start his own companies, including Universal Robina Corporation and JG Summit, which became major business empires. Both entrepreneurs faced challenges but ultimately found success in the business world.

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    The document summarizes the success stories of two Filipino entrepreneurs, Lucio Tan and John Gokongwei. Lucio Tan's family immigrated to the Philippines from China and he started his career working in a tobacco factory, which led him to start his own successful tobacco company. He later acquired several major Philippine companies. John Gokongwei's wealthy family fell into poverty and he began selling peanuts at age 14 to support them. He became a successful trader and used loans to start his own companies, including Universal Robina Corporation and JG Summit, which became major business empires. Both entrepreneurs faced challenges but ultimately found success in the business world.

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    © All Rights Reserved
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    9 views2 pages

    BDA Research

    Uploaded by

    Just for myself
    The document summarizes the success stories of two Filipino entrepreneurs, Lucio Tan and John Gokongwei. Lucio Tan's family immigrated to the Philippines from China and he started his career working in a tobacco factory, which led him to start his own successful tobacco company. He later acquired several major Philippine companies. John Gokongwei's wealthy family fell into poverty and he began selling peanuts at age 14 to support them. He became a successful trader and used loans to start his own companies, including Universal Robina Corporation and JG Summit, which became major business empires. Both entrepreneurs faced challenges but ultimately found success in the business world.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Flag for inappropriate content
    of 2

    Name: Marieanne D.

    Mariano Subject: BDA


    Grade and Section: 8-Sincerity

    Successful story of 2 Filipino


    Entrepreneur

    Lucio Tan

    To be a successful entrepreneur, you have to face many challenges and long


    journeys, and that certainly was for Lucio Tan. His family were immigrants
    from China that moved to the Philippines to try to gain a better fortune. He
    wasn't able to finish his studies so he focused on his small scrap buy and sell
    business, but it didn't work out. He decided to work as a janitor in a tobacco
    factory. Due to his exposure of the tobacco, he began his own tobacco
    company named 'Fortune Tobacco'. It became an instant success as his
    company is the largest local manufacturer of cigarettes in 1980. Tan acquired
    General Bank and Trust Co., then owned by the government, and it was
    renamed to 'Allied Bank'. Due to his friendship with the past president,
    Ferdinand Marcos Sr., the liquor ban was lifted so he opened 'Asia Brewery'.
    The 'Asia Brewery' was able to compete against San Miquel Corp. Tan faced a
    lot of problems after the Marcos regime. He had controversies about
    corruption and tax invasion. He didn't give up there, he decided to grow more.
    He acquired the Philippine Airline, Tanduay Holdings, Philippine National
    Bank, Marco Asia Corporation, Eton Properties and University of the East. And
    that is how Lucio Tan gain his success.
    Name: Marieanne D. Mariano Subject: BDA
    Grade and Section: 8-Sincerity

    Successful story of 2 Filipino


    Entrepreneur

    John Gokongwei

    John Gokongwei's life was not like any of the other businessman's story. John
    Gokongwei's was from an extremely wealthy clan because of his great-
    grandfather being one of richest men in Cebu. They were living well until their
    family went into debt that lead them into poverty. He had no choice but to
    start somewhere so he could support his family. At the age of 14, he started to
    sell peanuts along the streets to send money for his family in China. After 3
    years, at the age of 17, he realized how his loved trading and decided to expand
    his business. With a small boat, he traded all goods from Cebu to Manila and
    the other way around, it was a very hard duty for John but he did that to send
    his sibling's to school. He decide to expand his business abroad built his first
    company named 'Amasia Trading'. His business became an instant success so
    he went back to reunite with his family in the Philippines to work at their
    family owned business named 'America-Asia Trading'. He loaned P500,000
    because he didn't have anymore funds. He used this money to create 'Universal
    Corn Product', a cornstarch manufacturing company, which was became into
    'URC' (Universal Robina Corporation). He also created 'JG Summit' which was
    one of the biggest business empires. Both of his companies became a success.
    And that is all to John Gokongwei's succes story.

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