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PIA Press Release

Mindanao fares well in search for entrepreneur of the year

by Prix D Banzon

Davao City (20 September) -- Mindanao had been faring well in the Search for Ernst & Young Entrepreneur of the Year Philippines 2007.

This was bared by Alice Lu, partner, SGV & Co. during a media forum who said that she said several businessmen had been nominated to this prestigious search and emerged winners as well.

Lu named Senen C. Bacani, chairman and president of La Frutera, Inc. as Master Entrepreneur for 2006. Bacani's business is into banana plantation in the Autonomous Region for Muslim Mindanao which exports the fruit to Japan, Korea, China and the Middle East.

Richie Rivera, president of RD Manufacturing Corporation was named Social Responsible Entrepreneur in 2005. Rivera is into fishing industry in General Santos City where it ship tuna to the markets in the world. Antonio Soriano, president AMS Group of Companies was another winner in 2005 who is engaged in agribusiness.

Lu meanwhile said that Tay Tang Caktiong, president and CEO, Jollibee Fords Corp was named World Entrepreneur of the Year in 2004. He won Entrepreneur of the Philippines in 2003 and Master Entrepreneur 2003.

Other winners in the Philippine search were Lance Y. Gokongwei, president and CEO, Master Entrepreneur 2005, Alfredo M. Yap, chairman of Zest-O, 2005 Entrepreneur of the Year, Socorro C. Ramos, founder and general manager National Book Store, 2004 Women Entrepreneur of the Year, president and CEO, GMA Network, 2004 Mater Entrepreneur of the Year.

Lu and other officers of the SGV Foundation, Inc. made the announcement to inform the public that the Search is on and called on all interested persons and groups to submit their nominees for the Search of Entrepreneur of the Year Philippines 2007.

Last year she said there were 5,000 nominees and a hundred were from Mindanao.

She said they expect an increase in the nominees this year because of the many success stories coming from various entrepreneurs.

But she said the search is not mere cents and dollars that his or her company rakes in. It covers the whole aspect of the individual although the award has several categories namely Master Entrepreneur, Small Business Entrepreneur, Industry Specific Entrepreneur, Woman Entrepreneur, and Social Entrepreneur.

Other than prestige, the award could lead to increase in sales as workers would become more productive, give better credibility to the company as well as international impact, she said.

An independent panel of judges coming from government, business and the academe will determine, present and decide the final number of categories of awards.

From among the winners of the five categories will emerge the Entrepreneur of the Philippines who will represent the country in the World Entrepreneur of the Year in Monte Carlo, Monao in June 2008.

The Entrepreneur of the Year program was launched in the United States in 1986 and has been held in over 125 cities, spanning over 40 countries and 6 continents. (PIA XI) [top]

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