Emilio Yap

Contents

Emilio T. Yap Sr., GCLH (September 24, 1925 – April 7, 2014) was a Chinese Filipino business tycoon and philanthropist. He was the chairman of the board of the Manila Bulletin.

Biography

Yap was born on September 24, 1925[1] in Fujian Province, China. He moved to the Philippines where he studied and worked in a business owned by his grandfather in Manila, then went to Dumaguete to work as a shopkeeper.[2]

He began his business career in 1942.[1]

Career

In July 1984, Yap was elected as the chairman of the board of the Manila Bulletin, a position he held until his death in 2014.[3] He was also the vice president of the executive department of the Manila Bulletin.[3]

Yap was the chairman of Manila Hotel from 1997 until 2014, chairman of Centro Escolar University since 2002, and the chairman emeritus of Philtrust Bank.[1][3] Forbes ranked Yap as the 15th wealthiest person in the Philippines in 2013, with an estimated net worth of $1.1 billion.[1][3]

Death and legacy

Yap died on April 7, 2014, at the age of 88,[3] and was buried at the Manila Memorial Park in Parañaque on April 13, 2014.[2]

On August 3, 2015, a facility inside the Philippine Red Cross Tower National Blood Center was named Don Emilio T. Yap Blood Apheresis Center in honor of his charitable works with the organization.[4][5]

Business Interests

The following companies are grouped under a de facto holding company named U.S. AUTOMOTIVE CO., INC. whose beneficial ownership are traceable to the estate &/or descendants of Yap[6]. He set up this legal entity back in 1950 to purchase surplus military vehicles and supplies[7].

Education

  • Centro Escolar University

Finance

  • Philippine Trust Company (Philtrust Bank)[8]

Food and Nutrition

( see subsidiaries under H&P )

Health and Pharmaceuticals

  • Euro-Med Laboratories Phil. Inc.

Hospitality and Tourism

  • Manila Hotel

Media

  • Manila Bulletin Publishing Corp.

Real Estate

  • Philtrust Realty Corp.
  • U.N. Properties Development Corp.

Others

  • Cocusphil Development Corporation

References

  1. 1.[1.2][1.3][1.4]Pagulong, Charmie Joy (April 8, 2014). "Emilio Yap, 88". Philippine Star. Retrieved May 4, 2014.
  2. 2.[2.2]"Editorial: Farewell, to our most beloved Chairman Dr. Emilio T. Yap". Yahoo News. Manila Bulletin. April 12, 2014. Retrieved January 26, 2022.
  3. 3.[3.2][3.3][3.4][3.5]"Manila Bulletin chairman Don Emilio Yap passes away". GMA News. April 7, 2014. Retrieved May 4, 2014.
  4. 4."DON EMILIO T. YAP BLOOD APHERESIS CENTER". Balita. 4 August 2015. Retrieved 26 January 2022 – via PressReader.
  5. 5."Manila Bulletin's Emilio Yap dies". ABS-CBN News. 7 April 2014. Retrieved 26 January 2022.
  6. 6.https://philippines.mom-gmr.org/uploads/tx_lfrogmom/documents/123-2446_import.pdf
  7. 7.https://bilyonaryo.com/2021/06/29/transfer-of-ownership-5-yap-family-members-get-euro-med-shares-from-us-automotive-of-the-late-emilio-yap/business/
  8. 8.https://edge.pse.com.ph/openDiscViewer.do?edge_no=132fbfe1cc7c60ec64d70b69f0a3140b