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 President Benigno Aquino named three (3) prominent Filipino business leaders to the ASEAN Business Advisory Council (ABAC). Named to the business council were Teresita Sy-Coson, Vice Chair of SM Investment Corporation, Manuel V. Pangilinan, Chair of the Philippine Long Distance Telephone Company and Jay Yuvallos, a Cebuano entrepreneur is a former president of Philexport Cebu and Chair of the Cebu Furniture Industries Foundation, Inc.
Deputy presidential spokesperson Abigail Valte, in a radio interview, said the three tycoons were recommended by various groups and the secretary of foreign affairs.
The ABAC aims to promote a public-private partnership and provide private sector feedbacks on the identification of economic cooperation priority areas for consideration of the ASEAN leaders.
Sy-Coson is the eldest daughter of Filipino-Chinese real estate tycoon Henry Sy and was recently named as Chair of BDO Universal Bank. She was ranked number 41st in Fortune Magazine’s list of the World’s Most Powerful Women in 2007.
Manuel V. Pangilinan, a graduate of the Wharton School of Business is also Chair of the Maynilad Water Services, Inc., Metro Pacific Tollways Corp., Medical Doctors, Inc., Pilipino Telephone Corp., and SMART Communications, Inc., among others.
Cebu’s very own, Jay Yuvallos comes from a family of prominent entrepreneurs who are into furniture manufacturing, import and export business, among others. He was also Vice President for Business Development and Management Services at the Cebu Chamber of Commerce and Industry.
As Philexporters in Cebu we convey, with pride, our warmest congratulations to Mr. Jay Yuvallos on his appointment.
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