DSWD certifies the SGVF as an auxiliary SWDA

June 29, 2015


On 29 June 2015, the Department of Social Welfare and Development (DSWD) presented the SGV Foundation (SGVF) with a certification as an auxiliary social welfare and development agency (SWDA) under the Resource Agency category. SGVF Executive Director Marlu Balmaceda received the certification from members of the DSWD Institutional Development Group, headed by Undersecretary Angelita Gregorio-Medel. The certification is valid until 29 March 2018.

An auxiliary SWDA supports the delivery of social welfare and development programs and services to disadvantaged sectors. A Resource Agency, in particular, is an auxiliary SWDA that provides tangible (funds, food, clothing, medicine, shelter) or intangible resources (knowledge and skills) to assist various SWDAs in providing social services to their beneficiaries.

The Foundation can now officially accept donations for calamities and other occurrences that may involve donations and handle the distribution of such funds to the intended beneficiaries.

Entrepreneur Of The Year Philippines 2015 Memorandum of Agreement signing

March 23, 2015


The SGV Foundation and the co-presenters of the Entrepreneur Of The Year Philippines 2015 signed recently a Memorandum of Agreement (MOA) at the Philippine Stock Exchange (PSE). Present at the MOA signing were representatives from the PSE, the Department of Trade and Industry and Philippine Business for Social Progress as well as media sponsors BusinessWorld and the ABS-CBN News Channel.

Since its launch in 2003, the Entrepreneur Of The Year Philippines program has become one of the most prestigious awards programs in the local business community. The program recognizes the strength, dynamism and resilience of Filipino entrepreneurs for creating and operating sustainable, successful enterprises.

The search is open to all Filipino entrepreneurs. To be eligible, a nominee has to be a Filipino business owner or founder who is primarily responsible for the growth of his or her company. The nominee must still be active in business, which must have been in operation for at least two years. A completed nomination form, audited financial statements and other documents are required for a nomination to be considered for further judging. Nominations to the award will be accepted until May 31, 2015.

The theme for the 2015 program is “Game Changers” – a term that best describes entrepreneurs as those who win the game by changing it for the better. Capitalizing on their strategic vision, they see the possibilities and opportunities that others cannot. They bring about positive transformation by applying creative innovation infused with dauntless determination. As game changers, entrepreneurs support a greater purpose, which is to improve the current business landscape by challenging conventions and creating new paradigms that drive social and economic development.

For nomination forms and other information, please contact the Entrepreneur Of The Year Philippines secretariat at 891-0307 local 7766 or e-mail eoy.info@ph.ey.com. Contact: Marlu Balmaceda (894-8364) or Yin Maldonado (891-0307 ext. 7768)

About the Entrepreneur Of The Year Philippines

The Entrepreneur Of The Year awards program was founded in the United States by Ernst & Young (EY) in 1986 to recognize the achievements of the most successful and innovative entrepreneurs worldwide. In 2001, EY expanded the program and launched the World Entrepreneur Of The Year awards. In the Philippines, the SGV Foundation, Inc. established the Entrepreneur Of The Year program in 2003. Supporting the program as co-presenters are the Department of Trade and Industry, Philippine Business for Social Progress, and the Philippine Stock Exchange. Media sponsors are BusinessWorld and the ABS-CBN News Channel.

Jollibee Foods Corporation President and CEO Tony Tan Caktiong won the very first Entrepreneur Of The Year Philippines award in 2003 and went on to win the 2004 World Entrepreneur Of The Year award in Monte Carlo, Monaco. Other past awardees include Socorro “Nanay Coring” Cancio-Ramos, Founder and General Manager of National Book Store (2004); Lance Gokongwei, President and CEO of Cebu Air, Inc. (2005); Senen Bacani, Chairman and President of La Frutera, Inc. (2006); Wilfred Steven Uytengsu, Jr., President and CEO of Alaska Milk Corporation (2007); Ambassador Jesus P. Tambunting, Chairman and President of Planters Development Bank (2009); Tennyson Chen, President of Bounty Fresh Food Inc. (2010); Erramon I. Aboitiz, President and CEO of Aboitiz Power Corporation (2011); Jaime I. Ayala, Founder and CEO, Hybrid Social Solutions Inc. (2012); and Ben Chan, Chairman of Suyen Corporation (2013).

A highly distinguished panel of independent judges composed of leaders from government, business, and academe will evaluate nominees in areas such as innovation, financial performance, and personal commitment to their business, employees and community.

The Entrepreneur Of The Year program was introduced in the United States in 1986 by professional services firm Ernst & Young to recognize the achievements of outstanding entrepreneurs within successful, growing and dynamic businesses. The program currently runs in more than 145 cities across 60 countries. Each country sends its winner to the World Entrepreneur Of The Year event held annually in Monte Carlo, at which the winner of the World Entrepreneur Of The Year award is announced.

SGV donates laptops to PBEd

February 7, 2014

SGV donated a total of 150 pre-owned laptops to the 1000 Teachers Program (1000 TP) of the Philippine Business for Education (PBEd) last 18 February at The Tower Club, Makati. The SGV Foundation facilitated the donation to PBEd.

In the laptop turnover ceremony, SGV Vice Chairman and Deputy Managing Partner Itos Cruz and SGV Foundation Projects Committee Chair Cynthia Manalapig along with PBEd Chairman Ramon Del Rosario and President Chito Salazar handed out laptops to four scholars from De La Salle University-Manila (DLSU) and University of Santo Tomas (UST).

According to SGVF Chairman and President and PBEd Board Member Vic Noel, “SGV is an institution that puts a premium on education and considers lifelong learning as one of its core values. In today’s schools where technology has become a necessary tool, we hope that the laptops will be very helpful to the PBEd’s scholars in their studies.”

DLSU 1000 TP scholar Shaira Abdon shared, “I am so thankful because I used to do my school requirements in school or through my friend’s laptop. Now, through SGV and PBEd, I have my own laptop. This is a really big help to me and my studies.”

The laptops will be distributed to the hundreds of PBEd’s 1000 TP scholars studying in more than 20 universities across the country.

RPDEV launches FVR’s latest volume of speeches

March 6, 2014


The Ramos Peace and Development Foundation (RPDEV), in collaboration with the SGVF, published the 17th volume of Former President Fidel Ramos’ (FVR) collection of essays and speeches. Perform, Reform and Transformwas launched last 20 February at Powerbooks in Greenbelt 4. In attendance were SGVF Projects Committee Chair Cynthia Manlapig, Assistant Treasurer Ruben Rubio, RPDEV partner-in-charge Ladiz Avila and Executive Director Marlu Balmaceda.

The SGVF provides assistance in the publication of books and materials to document thoughts and declarations on public interest issues, leadership, management and professional thinking. This book, which is part of FVR’s legacy to younger Filipinos, is the foundation’s seventh project with RPDEV since 2001.

SGVF is one of Metrobank Foundation’s PEACE honorees

Feb. 10, 2014


The Metrobank Foundation bestowed the 2014 Partner in Empowerment, Advocacy and Commitment to Excellence (PEACE) recognition upon the SGV Foundation (SGVF) during its 35th anniversary celebration last 29 January. SGVF Vice Chairman and Executive Vice President Itos Cruz accepted the award.

The roster of PEACE honorees comprises institutions from various sectors that mirror the Metrobank Foundation’s commitment to uplifting the lives of the least in society and recognizing outstanding Filipinos. The SGVF was recognized for being a valuable partner in ensuring the successful implementation of the Metrobank Foundation’s programs that promote a culture of excellence and social responsibility towards nation-building. In particular, SGV was the official tabulator in the conduct of the Metrobank Foundation Search for Outstanding Teachers and Journalists of the Year.

ATH donates school supplies to Typhoon Yolanda victims

February 7, 2014


Despite the preparations for the upcoming busy season, the Asia-Pacific Talent Hub (ATH) still found time to give back to the students of Abuyog South Central School in Leyte who were adversely affected by Super Typhoon Yolanda last November 2013.

The typhoon devastated the students’ homes and everything left inside, including their books and school supplies. Wanting to bring hope to the students and believing in the importance of quality education, the ATH set out on a mission to send the children much-needed supplies. The ATH outreach committee coordinated with Ms. Jane Marie Arias, a faculty member from the school.

Two boxes of the repacked bags were delivered to the Port of Manila for shipment. After four days, the bags arrived in Leyte and were then distributed to 98 Grade 1 and 130 Grade 2 students. Ms. Arias shared that the school’s faculty members, as well as the principal, burst into tears when the bags arrived. They became even more emotional when they started reading the messages of hope our people wrote in the Christmas cards packed with the school supplies. One senior associate wrote “…lagi kang magpakabait, mag-aral mabuti at sumunod sa iyong mga magulang. Huwag kang mawalan ng pag-asa. Lagi mong tatandaan mahal ka ni Jesus. Lagi siyang nandiyan sa tabi mo at hindi ka niya pababayaan…”

EY P&G Team donates to the SGVF Calamity Fund for typhoon victims

January 6, 2014


The EY Procter & Gamble (P&G) Team turned over a ceremonial check of USD 5,000 to the SGV Foundation (SGVF) during the team’s recent Town Hall Meeting. Instead of having the usual annual team dinner, the team decided to donate the allocated budget to the SGVF Calamity Fund to help the victims of Typhoon Yolanda. Global Client Service Partner Mark Beischel and Global Transaction Advisory Services Leader Greg Stemler gave USD 1,000 each and Global Risk Partner Steve Arnold challenged the rest of the team to donate another USD 3,000.

SGVF Chairman and President Vic Noel, SGV Advisory Leader and P&G Engagement Team Partner Winnie Chan, and SGV Chief Financial Officer Ruben Rubio were present to receive the team’s generous donation. Market Group 8 Leader Arnel de Jesus and Tax partner Luis Ferrer were also in attendance.

Update on the SGVF Calamity Fund

Januray 9, 2014

Two months after Typhoon Yolanda devastated the Visayas region, donations to the SGV Foundation (SGVF) Calamity Fund from our EY family continue to arrive. Aside from the previously reported donations from EY offices in Dubai, Thailand and Korea as well as the EY P&G Team, SGVF has also received donations and pledges from EY Malaysia managing partner Sang Hoe Chow, EY China Foundation Ltd. (a charity representing Hong Kong and Mainland China), EY Taiwan, EY Hamburg partner Frank Broetzmann and EY Cologne partner Gerd Stürz.

The SGVF Calamity Fund was initially used for food sponsorship for DSWD volunteers and financial assistance for SGV staff and SGVF scholars directly affected by the typhoon. In addition, the SGVF also made donations to the Andres Soriano Foundation, ABS-CBN Foundation, PLDT-Smart Foundation, Metrobank Foundation, Synergeia Foundation and Children’s Hour Foundation.

SGVF meets with UP Tacloban students

Dec. 20, 2013


People leader Vince Abella and SGV Foundation (SGVF) Executive Director Marlu Balmaceda headed for Iloilo to provide financial assistance of PhP10,000 to each of the 48 University of the Philippines (UP) Tacloban accounting students who were adversely affected by Typhoon Yolanda. These students have cross-enrolled in UP Iloilo for this semester. Many of them live in Eastern Samar and other devastated areas.

During their visit, regular stipends were also handed out to our 24 UP Iloilo scholars. The students, along with UP Iloilo Accounting Department Chair Professor Art Barrido and UP Tacloban Dean Anita Cular, expressed their deep gratitude to SGV and the SGVF for the financial assistance. Prof. Barrido says part of our gift will enable the students to be with their families this Christmas.

SGV gives back to the Typhoon Yolanda victims

November 28, 2013


As part of our efforts to provide relief and aid to the victims of Typhoon Yolanda, the SGV Foundation (SGVF) channeled all international and local donations from our current partners and staff, alumni and EY offices in other countries into the SGVF Calamity Fund. The fund is initially being used for the following purposes:

SGV food sponsorship. SGV has been providing food through the SGV Foundation for DSWD volunteers helping in the Yolanda relief operations in the DSWD-National Resource Operations Center (NROC). This started last 15 November and will last until 3 Dec, 2013.

Donations to selected institutions directly involved in the relief efforts. Upon consolidating the calamity fund, SGVF will remit cash donations to identified NGOs and accredited organizations. These include the ABS-CBN Sagip Kapamilya Foundation, GMA Kapuso Foundation, Philippine National Red Cross, 700 Club Asia, St. Luke’s Medical Center, Ateneo de Manila University, Habitat for Humanity, University of Santo Tomas, University of the East and World Vision.

Financial assistance for SGV staff and SGVF scholars directly affected by the typhoon. To date, we have provided financial assistance to 93 affected staff members. Medicine packs were also given to affected staff members who went home to their respective provinces.

At the MG level, volunteers have been encouraged to help the Department of Social Welfare and Development in repacking relief goods.

SGV sent volunteers to the three relief operations in Villamor Airbase, Cargohaus NAIA and Ateneo De Manila University from November 14-20, 2013. At least 150 SGV volunteers including partners and staff shared their time in helping out in the relief operations being run by the Department of Finance (DOF) and Department of Social Welfare and Development (DSWD). The volunteers helped out in the unloading of incoming goods, repacking and sacking of relief goods, and loading of sacked goods ready for shipping. They also assisted in volunteer management.

SGV Cebu organizes relief goods

Meanwhile, Cebu SGVeans joined forces last 16 November to pack relief goods such as canned food, rice, drinking water, medicines, candles and matches for the victims of the Typhoon Yolanda. Messages of encouragement and hope were written on the canned goods as a small gesture of comfort, letting the victims know that they are not alone. The relief goods were then dropped off at the University of the Philippines-Lahug, Cebu to be delivered together with other aid to the Northern parts of Cebu which were badly hit by the typhoon.

Your compassion and spirit of volunteerism have made all this possible. Thank you very much for your generosity and hard work.

BENCH/ Chairman named Entrepreneur Of The Year Philippines

21 Oct. 2013


Ben Chan, Chairman of Suyen Corporation, the company behind the BENCH/ fashion line, was named the Entrepreneur of the Year Philippines 2013 at the awards banquet held on October 16 at the Makati Shangri-La Hotel. He will represent the country in the prestigious World Entrepreneur of the Year awards in Monte Carlo, Monaco in June 2014.

Mr. Chan was recognized for his creativity, love of design and perseverance, which he channeled into building a multi-billion peso corporation. He was also given the Master Entrepreneur award for applying sound management practices in critical areas of the company including finance, marketing, human resources and sales, allowing him to grow Suyen from a small local shop to an international organization with over 1,000 stores across the country, and outlets in China, the Middle East and the US.
The other category winners were Dr. Milagros O. How, Executive Vice President of Universal Harvester, Inc. (Woman Entrepreneur); Leonarda O. Capuyan, President of Narda’s Handwoven Arts and Crafts and Narda’s Trading Corp. (Small Business Entrepreneur); and Juliet D. Herrera, President and General Manager of Serenitea Cha Kitchen, Inc. (Young Entrepreneur).

The other finalists who were recognized for their inspirational stories were: Santiago G.Araneta (LBC Express, Inc.), Alexander L. Bangsoy (Goshen Land, Inc.), Ma. Lorena Simeon-Florendo (LiFEDATA Systems, Inc.), Alberto D. Lina (Airfreight 2100), Cesar Mario O. Mamon (Enchanted Kingdom, Inc.), Manuel H. Osmeña (Manny O Group), Dr. Victor V. Perez (University of Cagayan Valley), and Rajan A. Uttamchandani (Esquire Financing, Inc.)

In his opening remarks, SGV Chairman and Managing Partner and SGV Foundation Chairman and President Vic Noel said that the essence of entrepreneurship is the determination to break through the barriers to success.

Mark A. Weinberger, EY Global Chairman and Chief Executive Officer, spoke about how entrepreneurs are helping to build a better working world, saying “Entrepreneurs spur innovation. They bring about new products, services and technologies. They are the driving forces behind globalization.”

EOY Philippines celebrated its tenth year with the theme Breaking Barriers— a testament to the passion, drive and determination of all the entrepreneurs who have participated in the program over the last decade.

WBCP Press Release-KL Apec


Former Malaysian Trade Minister Bhg. Tan Sri Rafidah Aziz, is flanked by Women Business Council of the Philippines (or WomenBizPH) members L-R Yoling Sevilla of The Leather Collection Inc., Chit Juan of ECHOstore, Ciba Capital’s Boots Garcia and Designer sculptor Ann Pamintuan of The Gilded Expressions Inc. at the recent APEC Regional Convention on Access to Trade by SMEs in Developing Economies held in Kuala Lumpur, Malaysia recently. WOMENBIzPH also gave the Minister the book “Aspirations and Inspirations” a book on Philippine Women entrepreneurs published by WomenBizPH and SGV Foundation. www.wbcp.ph.

The book is available in ECHOstore Serendra or from the WomenBIzPH office.
Call 8131028 or 09088831218.

SGVF and WBCP publish book celebrating Filipino women entrepreneurs

29 March 2013

As part of the 10th year anniversary celebration of the Entrepreneur Of The Year Philippines (EOYP) program, the SGV Foundation (SGVF) and the Women’s Business Council of the Philippines (WBCP) jointly published Aspirations & Inspirations: Filipino Women Entrepreneurs, a book that celebrates the achievements of our country’s top women entrepreneurs. Written by Jessica Zafra and launched last 19 March, the book features the women winners and finalists of the Ernst & Young EOYP program whose passion, talents and sense of nurturing have helped them build significant enterprises. Former SGV partner and WBCP Chair Boots Garcia was also in attendance during the book launch.

The Woman Entrepreneur Of The Year award has been an integral part of the EOYP program since the program was first launched in 2003. To date, the program has recognized 42 outstanding women.

Program Director Atty. Antonette Tionko believes that women entrepreneurs have a special gift. “Aside from having innate business sense, these women also show the power of compassion,” she says. “They have the ability to understand people and work within the dynamics of family, business and society. The abilities of women entrepreneurs are beyond question; but it may be their capacity for caring that makes them even better at what they do.”

SGVF and DOST-PEZA hold Open TBI Training seminar

8 March 2013

The DOST-PEZA Open Technology Business Incubator Training (TBI) seminar on Accounting and Financial Management was held recently at the Advanced Science and Technology Institute in UP Diliman, Quezon City. The project is a collaboration between the Department of Science and Techonology (DOST)-Philippine Economic Zone Authority (PEZA) the DOST Technology Resource Center, and the SGV Foundation. SGV resource persons conducted the three-day seminar.

SGV Assurance partner Becca Sarmenta led the module on Accounting for Non-Accountants on Day 1. Transaction Advisory Services partner Dinty Cauan discussed Analyzing Financial Statements and Financial Projections on Day 2. On the last day of the seminar Tax principal Noel Rabaja gave a lecture on Fundamentals of Corporate Tax while SGV retired partner Alfonso A. Aliga, Jr. talked about Performance Management.

Participants in the DOST Open TBI included BizAlliance, Wikonec, Metahelix, Orchestronix, Sparkscom, Version 791, Solutions Resource, Stride, Krayno, Auberon and GSMetrix. The training seminar proved to be very enlightening to the participating companies. DOST also emphasized the value of the training for young entrepreneurs, and expressed interest in developing and institutionalizing the training module for the Open TBI program.

Entrepreneur Of The Year Philippines Year 10 kicks off

22 Feb. 2013

The SGV Foundation (SGVF) officially launched the search for the Entrepreneur Of The Year (EOY) Philippines 2013 last 21 February on the cable television show Mornings @ ANC. The program is now on its 10th year with the theme: Breaking Barriers.

In her opening remarks, EOY Program Director Atty. Antonette Tionko said, “Entrepreneurs are undaunted by what many might consider barriers — poverty, lack of technology, geography, gender and many others. On the contrary, they are most likely challenged by these and motivated to rise above them. As true entrepreneurs, they embolden themselves to strengthen their will, generate innovative ideas and gather the resources needed to transform hurdles into opportunities.”

EOY 2012 winners – Entrepreneur Of The Year Philippines and Social Entrepreneur Of The Year Jaime Ayala, Master Entrepreneur Jose Victor Paterno, Emerging Entrepreneur Tommanny Tan and Young Entrepreneur Marvin Agustin – were present to promote the program. Some finalists also attended the launch in a show of support, including Amelia Manas of Bruno’s Services Corporation, Carolina Osteria of ACM Landholdings, and Nelson and Siu Ping Par of PR Gaz Haus.

A Memorandum of Agreement was signed between the SGV Foundation and its co-presenters, namely the Department of Trade and Industry, the Philippine Business for Social Progress, the Philippine Stock Exchange, and the University of the Philippines College of Business Administration. Sponsors are BusinessWorld, KLM Royal Dutch Airlines and the ABS-CBN News Channel. Nominations will be accepted until 31 May.

SGVF-CHSM scholarship established to honor ETV

8 Feb. 2013

The SGV Foundation (SGVF) signed a Memorandum of Agreement with the College of the Holy Spirit Manila (CHSM) on 16 January to establish a scholarship fund as a tribute to CHSM outstanding alumnae, SGVF trustee and first SGV woman partner Linda Villanueva (ETV).

In attendance were SGVF Chairman and President Vic Noel, SGVF Vice-Chairman and Executive Vice President Itos Cruz, SGVF Projects Chairman Cynthia Manlapig, SGVF Executive Director Marlu Balmaceda, CHSM President Dr. Felina Co-Young, and CHSM Centennial Commission Chair Vicky Garchitorena, who were all eager to see ETV’s reaction as the project had been kept a secret until the event.

Surprised and flattered by the recognition, ETV humbly responded, “I do not know what I did to deserve such an honor.”

SGVF and DOST set up a training program for technology entrepreneurs


Last July 12, 2012 the SGV Foundation (SGVF) and the Department of Science and Technology (DOST) signed a memorandum of agreement for a DOST-Philippine Economic Zone Authority (PEZA) Open Technology Business Incubator (TBI) project.

Secretary Mario G. Montejo, Undersecretary for Scientific and Technological Services Fortunato T. de la Peña, Technology Resource Center Director General Dennis L. Cunanan, Planning and Evaluation Services (PES) Director Bernie S. Justimbaste, and PES Program Coordination and Monitoring Division Chief Cynthia Abalos from the DOST were present. The SGVF representatives in attendance were Chairman and President Cirilo P. Noel, Vice Chairman and Executive Vice President J. Carlitos G. Cruz, Corporate Secretary Emmanuel C. Alcantara, and Executive Director Marlu V. Balmaceda. SGV & Co. was represented by Transaction Advisory Services Managing Director Bernadette T. Cauan and Tax Principal Jules E. Riego.


The SGVF shall conduct training programs in coordination with the DOST’s Technology Resource Center. The objective of the program is to assist technology entrepreneurs of the TBI program in potential business ventures through an Accounting and Finance Management Program as well as learning and mentoring sessions on accountancy and management systems.

DOST-PEZA Open TBI companies that will go through the training program are Serbizyo International Co. Ltd., Metaheli Management Information, ATX Global Solutions and Consultancy Services, Orchestronix Corporation, Sparkscom Technologies Corporation, Version 791 Inc., Solutions Resource, and Stride Consulting Inc.

SGVF Scholars’ Get-together


SGVF scholars, who just graduated this school year 2011-2012, were invited for a simple get-together on June 22, 2012, at SGV & Co., Makati. The sixteen SGVF Accountancy scholars who came were from UP-Iloilo and UP-Tacloban, and are currently taking up their CPA review in Manila.

The scholars got to meet with the SGVF Projects Committee Chairperson, Ms. Cynthia A. Manlapig and SGVF Executive Director, Celia S. Samson, as well as SGV & Co.’s partner-in –charge for Human Resources, Mr. Vincent O. Abella.

The SGVF scholars got to know their co-scholars over merienda. Afterwards, the SGVF CPA review scholarship recipients also had a signing of the scholarship contract.

The Foundation continues to sport Accountancy students through the SGVF scholarship grant which includes tuition and school fees, book allowance, and stipends of scholars from different institutions. Other support for Accountancy students who have just graduated, would be the CPA review grant.

Nine accountancy scholars graduated last school year 2011-2012.

Five graduated with honors.

UP-Diliman
– Waileen Lam, cum laude
– Sheila Marie Antonio, magna cum laude

UP-Tacloban
– Carmelo Cuyos
– Trixie Mae Moral, cum laude
– John Cedric Palconit
– Wendy Lee Regala
– Nili Angelie Yu, cum laude

Holy Angel University
– Jonel Cangco, cum laude

Entrepreneur Of The Year Philippines 2012


The search for the Entrepreneur Of The Year Philippines 2012 concluded on 18 October 2012 with an awards banquet at the Makati Shangri-La Hotel. SGV Chairman and Managing Partner and SGV Foundation Chairman and President Vic Noel formally opened the Awards Night, while Deputy Managing Partner Itos Cruz inducted the 2011 and 2012 winners and finalists into the Entrepreneur Of the Year Philippines Academy. PLDT President and CEO Polly Nazareno gave the keynote speech on behalf of Chairman of the Board Manny Pangilinan.


This year’s finalists were: (top row, L-R) Raoul Roberto Goco, Executive Chef and Owner, Cyma Greek Taverna Co.; Antonette De Guzman and Carolina Osteria, Managing Directors, ACM Landholdings, Inc.; Amelia Manas, President and CEO, Bruno’s Services Corporation, Venus Genson, President and CEO, Art ‘N’ Nature Manufacturing Corporation; Siu Ping Par, COO, and Nelson Par, Chairman and CEO, PR Gaz Franchising Corporation; (middle row, L-R) Dennis Uy, President and CEO, Phoenix Petroleum Philippines Inc.; Raphael Juan, President, Centro Manufacturing Corporation, Dr. Ronald Guzman, Founder, President and CEO, Medical Colleges of Northern Philippines, Marvin Agustin, President, SumoSam Foods, Inc.; (bottom row, L-R) Raphael Soon, President, North Park Noodle House, Inc.; Tommanny Tan, President and CEO, Filipino Entrepreneurs & Resources Network, Inc.; Jose Victor Paterno, President and CEO, Philippine Seven Corporation; Jaime Ayala, Founder and CEO, Hybrid Social Solutions, Inc.; Raul Ang, President, Maxima Machineries, Inc.; Edwin Salonga, Chairperson, and Vincent Rapisura, President and CEO, Social Enterprise Development Partnerships, Inc.; Willy Tee Ten, President and Dealer Principal, Autohub Group of Companies; and Jonathan Suy, General Manager, Jomaray Pulp Packaging Industries.

Mr. Jaime I. Ayala of Hybrid Social Solutions was named the Entrepreneur Of The Year Philippines 2012 and will be the first Filipino social entrepreneur to represent the country in the prestigious World Entrepreneur Of The Year in Monte Carlo, Monaco in June 2013. Also the recipient of the Social Entrepreneur award, he has been recognized for his visionary efforts to bridge the power infrastructure gap in the provinces by leveraging on solar-powered technology, advocating for social transformation for the poor and marginalized.

The remaining category winners are: Small Business Entrepreneur, Jonathan O. Suy of Jomaray Pulp Packaging; Master Entrepreneur, Jose Victor P. Paterno of Philippine Seven Corporation; Woman Entrepreneur, Venus C. Genson of Art ‘N’ Nature Manufacturing Corporation; Emerging Entrepreneur, Tommany Tan of FERN, Inc.; Young Entrepreneur, Marvin Agustin of SumoSam Foods, Inc.

Since its inception in 2003, the Entrepreneur Of The Year Philippines program has become one of the most prestigious events for the local business community. The program recognizes the inspiring dedication, brilliance and dauntless spirit of our Filipino entrepreneurs.

Supporting this year’s program as co-presenters are the De La Salle University, Department of Trade and Industry, Development Bank of the Philippines, Philippine Business for Social Progress, Philippine Stock Exchange, and the Schwab Foundation for Social Entrepreneurship. Media sponsors are BusinessWorld and the ABS-CBN News Channel. Official airline is KLM Royal Dutch Airlines, operating on behalf of the Air France-KLM Group in the Philippines. Banquet sponsors are ABS-CBN Corporation, Alaska Milk Corporation, Bounty Fresh Food Inc., Fiori Di M Food and Floralscapes, Hyundai Asia Resources Inc., National Bookstore, Planters Development Bank, SAP Philippines, Shopwise, Vibal Publishing House and Victorinox Travel Gear.

The 2012 EOY Philippines 2012 carries the theme “Passion”. Program Director, Atty. Antonette Tionko, shares, “Passion is the fuel that sets afire the entrepreneurial spirit. It is what compels men and women to believe in and pursue their dreams. It is the common thread that binds entrepreneurs, transforming ordinary people into extraordinary visionaries. Through their enthusiasm and conviction, Filipino entrepreneurs motivate others and contribute positively to the economy. In 2012, the Entrepreneur Of The Year Philippines program celebrates the inspiring passions and achievements of Filipino entrepreneurs. ”

SGV Foundation holds annual meeting for FY 2012-2013

The SGV Foundation’s Board of Trustees, Committee members and Administration held their annual meeting on 23 November 2012 at the SGV Museum in Shang Grand Tower. Vice-Chairman and Executive Vice President J. Carlitos G. Cruz presided the meeting on behalf of Chairman and President Cirilo P. Noel.

Corporate Secretary Emmanuel C. Alcantara, Treasurer Erlinda T. Villanueva, Assistant Treasurer Virginia T. Obcena complete the Board of Trustees along with members Roberto Jose L. Castillo, Roberto F. De Ocampo, Grace Glory Go, Milwida M. Guevara, Kasigod V. Jamias, Rodolfo F. Jeturian, Guillermo D. Luchangco, Gemilo J. San Pedro, Wilson P. Tan, Oscar S. Reyes and Serafin U. Salvador Jr.

The Projects Committee is chaired by Cynthia A. Manlapig and is composed of the Project Advisory Group heads — J. Carlitos G. Cruz for Accounting, Management, and Related Fields; Winston A. Chan for Information and Communication Technology; Wilson P. Tan for Institutional Development; and Ramon D. Dizon for Vocational Training — with the newly declared Executive Director Maria Luz V. Balmaceda.

Members Erlinda T. Villanueva, Cynthia A. Manlapig and Virginia T. Obcena form the Investment Committee, which is headed by Wilson P. Tan.

For FY 2012-2013, the SGVF will take part in the Open Technology Incubation Program of the Department of Science and Technology (DOST) and the Philippine Economic Zone Authrotiy (PEZA) by training and mentoring project recipients. Aside from forming new partnerships, the Foundation also aims to further strengthen links with other charitable institutions. The SGVF’s projects and activities intend to increase the awareness and involvement of SGV partners and staff in volunteerism for CSR work.

First social entrepreneur named EOY Philippines

19 October 2012

Jaime Ayala, Founder and CEO of Hybrid Social Solutions, Inc., was named the Entrepreneur Of The Year Philippines 2012 in an awards banquet held on 18 October at the Makati Shangri-La Hotel. He will be the first Filipino social entrepreneur to represent the country in the prestigious World Entrepreneur Of The Year in Monte Carlo, Monaco in June 2013.

Mr. Ayala was honored for his visionary efforts to bridge the power infrastructure gap in the provinces by leveraging on solar-powered technology. He was also given the Social Entrepreneur award for building an organization that champions social transformation for the poor and marginalized.

The other category winners were Marvin Agustin, President of Sumosam Foods, Inc. (Young Entrepreneur); Venus Genson, President and CEO of Art ‘N’ Nature Manufacturing Corporation (Woman Entrepreneur); Jonathan Suy, General Manager of Jomaray Pulp Packaging Industries (Small Business Entrepreneur); Tommanny Tan, President and CEO of Filipino Entrepreneurs & Resources Network (FERN), Inc. (Emerging Entrepreneur); and Jose Victor Paterno, President and CEO of Philippine Seven Corporation (Master Entrepreneur).

Other finalists who were recognized for their inspirational stories were: Raul Ang of Maxima Machineries, Inc., Antonette De Guzman and Carolina Osteria of ACM Landholdings, Inc., Raoul Roberto Goco of Cyma Greek Taverna Co., Dr. Ronald Guzman of the Medical Colleges of Northern Luzon, Raphael Juan of Centro Manufacturing Corporation, Amelia Manas of Bruno’s Services Corporation, Nelson Par and Siu Ping Par of PR Gaz Haus, Mariel Vincent Rapisura and Edwin Salonga of Social Enterprises Partnerships, Inc., Raphael Lim Soon of North Park, Willy Tee Ten of Autohub Group of Companies, and Dennis Uy of Pheonix Petroleum.

SGV Chairman and Managing Partner and SGV Foundation Chairman and President Vic Noel formally opened the Awards Night, while Deputy Managing Partner Itos Cruz inducted the 2011 and 2012 winners and finalists into the Entrepreneur Of the Year Philippines Academy. President and CEO of PLDT Polly Nazareno gave the keynote speech on behalf of Chairman of the Board Manny Pangilinan.

This year’s theme was Passion — the fuel that fires entrepreneurship and the quality that compels individuals to pursue their dreams of greatness.

Entrepreneur Of The Year Philippines 2012 program launched

30 March 2012

The SGV Foundation (SGVF) recently launched the Entrepreneur Of The Year (EOY) Philippines 2012 program on the ABS-CBN News Channel (ANC) cable show Mornings@ANC. Gracing the event were Woman Entrepreneur Of The Year 2011 Fe Agudo and Social Entrepreneurs Of The Year Anna Meloto-Wilk and Camille Meloto. Prior to the launch, SGVF’s co-presenters for EOY 2012 — De La Salle University, the Department of Trade and Industry, the Development Bank of the Philippines, the Philippine Business for Social Progress, the Philippine Stock Exchange and the Schwab Foundation for Social Entrepreneurship — signed a memorandum of agreement.

This year’s EOY carries the theme Passion. Program director Tonette Tionko, shares, “Passion is the fuel that sets afire the entrepreneurial spirit. It is what compels men and women to believe in and pursue their dreams. It is the common thread that binds entrepreneurs. Through their enthusiasm and conviction, Filipino entrepreneurs motivate others and contribute positively to the economy.”

SGV Foundation hold annual meeting for FY 2011-2012


The Board of Trustees, management and Committees of the SGV Foundation held their annual meeting on 25 November, 2011 at the SGV Bayanihan Executive Lounge.

The meeting began with Chairman Cirilo P. Noel calling for a moment of silent prayer for former SGV Managing Partner Rizalino “Roy” S. Navarro who until his passing earlier this year was a member of the Board of Trustees of the SGV Foundation. In his honor, the Foundation turned over to his surviving spouse, Ms. Sally Navarro, donations to the Kapampangan Development Foundation and the Philippine Business for Education Foundation, organizations that the late Mr. Navarro supported.

The Board also welcomed SGV Partners Emmanuel C. Alcantara, and Gemilo J. San Pedro as new members, joining Cirilo P. Noel, J. Carlitos G. Cruz, Erlinda T. Villanueva, Roberto Jose L. Castillo, Roberto F. De Ocampo, Grace Glory Go, Milwida M. Guevara, Kasigod V. Jamias, Rodolfo F. Jeturian, Guillermo D. Luchangco, Wilson P. Tan, Oscar S. Reyes, and Serafin U. Salvador Jr.

The Projects Committee is headed by Chairman Cynthia A. Manlapig with members J. Carlitos G. Cruz as Chairman, Project Advisory Group on Accounting, Management, and Related Fields, Winston A. Chan as Chairman, Project Advisory Group on Information and Communication Technology, Wilson P. Tan as Chairman, Project Advisory Group on Institutional Development, Ramon D. Dizon as Chairman, Project Advisory Group on Vocational Training, and Celia S. Samson, Executive Director.

The Investment Committee is headed by Chairman Wilson P. Tan with members Erlinda T. Villanueva, Cynthia A. Manlapig and Virginia T. Obcena.

For FY 2011-2012, the Foundation will continue working to promote nation-building through various projects. Its primary advocacies will include: Education, through programs that aim to improve Basic and Public educational systems; Institutional Development through the Entrepreneur Of the Year (EOY) program, which will be enhanced by the EOY Academy, a venue that will allow EOY nominees and winners to share knowledge with budding entrepreneurs; and Social Development by continuing projects in support of Gawad Kalinga and the SGV Museum.

Vice-Chairman J. Carlitos G. Cruz also announced the launch of the Foundation’s official website, coinciding with the SGV Foundation’s 45th anniversary.

SGV Foundation takes another big step for education


SGV & Co. and the SGV Foundation successfully held their first charity race called First Step – The SGV Run for Learning on November 6, 2011 at the SM Mall of Asia Complex. The stormy weather did not deter the SGV & Co. partners, staff, clients and friends who gamely ran the 3-, 5- or 10-kilometer routes for a great cause.
First Step raised funds to benefit the Aklat, Gabay, Aruga Tungo sa Pangarap at Pag-asa (AGAPP) Foundation, a not-for-profit organization that aims to improve the quality of basic public school education in the Philippines through the construction of better learning facilities. The turnout of some 2000 runners contributed greatly to the goal of building two classroom-libraries for public preschool children.

SGV Museum unveiled


Celebrating 65 years of SyCip, Gorres, Velayo & Co. in the Philippines, the SGV Foundation together with the Ayala Foundation led the opening of the SGV Museum on June 28, 2011. SGV partners joined founder Mr. Washington SyCip to officially unveil the museum. The SGV Museum features a memorabilia room, a gallery of the Firm’s art collection, a reconstruction of Mr. SyCip’s early office complete with a collection of his prized owls, roosters and turtles, as well as an interactive timeline showing SGV’s rich heritage and legacy, its evolution since its establishment 65 years ago and its contributions to business, government and education sectors in the country.

SGV Foundation Chairman and President Vic Noel’s opening remarks encapsulated what the opening of the SGV Museum represents, “the SGV Museum is the Firm’s gift to the future, a means by which future SGV staff could learn not only how SGV began, but also what is stands for — integrity, quality and leadership.”
The launch was graced with guests which include Mr. Jaime Augusto Zobel de Ayala, former US Ambassador Thomas Hubbard and Ambassador Roberto Romulo.

SGV welcomes the Ayala Group of Companies

13 January 2012

SGV’s leadership, led by Chairman and Managing Partner Vic Noel, Deputy Managing Partner Itos Cruz, MC1 Leader Jessie Cabaluna and joined by Founder Wash SyCip, welcomed the officers and executives of the Ayala Group of Companies to a reception on 9 January at the SGV Museum. Highlight of the reception was the formal turnover of the Fernando Zobel painting Las Soledades de Lope de Vega from the SGV Foundation to the Ayala Foundation. It will become part of the Ayala Museum’s permanent art collection.

The gift symbolizes the enduring friendship between SGV and the Ayala Group of Companies. The event’s guest of honor, Ayala Corporation Chairman and CEO Jaime Augusto Zobel de Ayala expressed his gratitude as he was invited to share a few words. For Wash, the painting was more than just a piece of art. “The decision to buy the painting was one of the best decisions I’ve made,” he shared. “I’m very happy it has found a home close to our hearts at the Ayala Museum.”

Entrepreneur of the Year Philippines 2011 Search Kicks Off

The SGV Foundation launched the Ernst & Young Entrepreneur Of The Year Philippines 2011 (EOYP) program on March 1, 2011 on the ABS-CBN News Channel (ANC) cable television show On The Scene.

Prior to the launch, a Memorandum of Agreement was signed between the SGV Foundation and its co-presenters, namely: De La Salle University, the Department of Trade and Industry, the Development Bank of the Philippines, the Philippine Business for Social Progress, the Philippine Stock Exchange and the Schwab Foundation for Social Entrepreneurship.

The search is open to all Filipino entrepreneurs. To be eligible, a nominee has to be a Filipino business owner or founder who is primarily responsible for the growth of his or her company. The nominee must still be active in business, which must have been in operation for at least two years. A completed nomination form, audited financial statements and other documents are required for a nomination to be considered for further judging.

There will be five award categories for this year: Master Entrepreneur, Small Business Entrepreneur, Social Entrepreneur, Tourism Entrepreneur and Woman Entrepreneur. From among these category winners will emerge the EOYP 2011, who will represent the country in the 2012 World Entrepreneur Of The Year awards in Monte Carlo, Monaco in June 2012.

The theme for the 2011 program is “Shine.” SGV Foundation Chair C. Noel shares, “To be an entrepreneur is to be a beacon, a shining ray of hope and inspiration. To have dreams that burn bright with passion. To blaze the trail, that others may follow in their footsteps. The Entrepreneur of the Year Philippines 2011program salutes the courage, spirit and determination of our Filipino entrepreneurs, and the indispensable contribution that they make to our people and our economy. Through their works, their stories and their convictions, they show us all what it means to truly shine.”

Nomination ends on June 30, 2011. For nomination forms and other information, the EOYP secretariat can be contacted at 891-0307 local 7766 or e-mail at eoy.info@ph.ey.com.

In Davao and Cebu, members of the business communities and media attended a presentation on the EOYP 2011 on April 27 and May 9, 2011, respectively. Through these events, the EOYP program hopes to attract more nominees and give them the opportunity to share their success stories and be an inspiration to their fellow entrepreneurs.

EOYP 2010 winner Tennyson Chen recently came back from Monte Carlo, Monaco where he represented the Philippines in the Ernst & Young World Entrepreneur Of The Year 2011 Awards.

14th FVR book in the works

21 January 2011
Chairman and Managing Partner Vic Noel together with Deputy Managing Partner Itos Cruz and Marketing and Communications senior director Marlu Balmaceda recently paid a courtesy call on former President Fidel V. Ramos (FVR) at the Ramos Peace and Development Foundation, Inc. (RPDEV) to discuss FVR’s upcoming book titled Best Practices: Teamwork in Nation Building.

Co-published by SGV Foundation and RPDEV, this book is volume 14 of the series of selected speeches, lectures, articles, letters and anecdotes of FVR. The book is slated for release this February.

SGVF holds annual meeting for FY 2010-2011

7 January 2010
The members of the Board of Trustees and Committees of the SGV Foundation (SGVF) held their Annual Meeting at the Shang Grand Tower Penthouse. Elected to the FY 2010-2011 Board of Trustees were Cirilo P. Noel as Chairman and President and J. Carlitos G. Cruz as Vice Chairman and Executive Vice President. The Board also welcomed its new members Wilson P. Tan, SGV Partner, and Milwida M. Guevara, President & Chief Executive Officer of Synergeia Foundation.

Presenting the Foundation’s significant achievements in the past year, Vic reported that SGVF continued to support social development through various projects such as:

• The SGV Foundation Undergraduate Scholarship Program, which continues to provide educational support to deserving but less fortunate students
• The rehabilitation of the Pinagbuhatan Elementary School, which was severely damaged by Typhoon Ondoy in 2009
• The Teacher Training Programs conducted by the Sa Aklat Sisikat Foundation
• The Gawad Kalinga Village 88 initiative
• The Entrepreneur Of The Year Philippines program

He also reported that SGVF passed the PCNC evaluation for the renewal of its accreditation, making the Foundation a BIR-certified donee institution.

This year, SGVF aims to expand its CSR programs by strengthening its scholarship program and professorial chair endowments; establishing the SGV Museum to preserve and share SGV’s history; and organizing activities to increase awareness and draw involvement in SGVF projects.

SyCip biography wins book award

19 November 2010
Wash: Only a Bookkeeper joins the roster of the most outstanding Philippine books written, designed and published in 2009. It was presented with the National Book Award (NBA) for Nonfiction Prose at the Metropolitan Museum on November 13, 2010. The NBA was established in 1982 and presented annually by the National Book Development Board and the Manila Critics Circle.

Author Dr. Jose Y. Dalisay received the award with equal recognition given to the publishers SGV Foundation and the AIM Scientific Research Foundation. The book was published in 2009 on the occasion of Mr. Washington SyCip’s 88th birthday.

In his acceptance speech, Dr. Dalisay expressed his gratitude to SGV Foundation and AIM for the rare opportunity to work on Mr. SyCip’s biography. He also thanked Mr. SyCip for being “an infinitely interesting subject.”

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