Edgar Sia II
Emilio T. Yap is a Chinese-Filipino businessman that owns daily broadsheet, Manila Bulletin. He is also the chairman of the Manila Hotel and Chairman Emeritus of Philtrust Bank. Yap was supposed to acquire majority stake in the Philippine Bank of Communications (PBCom) but eventually withdrew its bid. He also owns 55 percent of Centro Escolar University. In 2010, he is listed by Forbes as the 13th richest Filipino with a net worth of USD665 million
In 1978, several parties expressed interest in acquiring controlling interest and approached the Roman Catholic Archbishop of Manila (RCAM), the principal stockholder of Philtrust Bank then. The lateJaime Cardinal Sin eventually decided to sell the stake to Emilio T. Yap because he believed that Yap “could maintain the trust and confidence of the Bank’s clients and would contribute greatly to the growth, stability and success of the Bank.”
In May 1997, the state-owned Manila Hotel was auctioned and the Malaysian Renong Berhard, one of Malaysia’s largest conglomerates won the bid. But in a turn of events, the Supreme Court nullified the sale, citing national patrimony and awarded the bid to Yap and also cited “Filipino-First” policy under the 1987 Constitution.
In 1996, Dr. Emilio Yap was conferred by the University of Sto. TomasDoctor of Law. Also in the same year, De La Salle University-Manilabestowed upon Yap, Doctor of Philosophy in Communications Management.
In November 2005, Yap was conferred honorary doctorate degree in Media Science by UST-Chile founder Dr. Gerardo Rocha.
In May 2007, Yap was conferred the degree of Doctor of Business Management and Entrepreneurship, honoris causa, by the University of Cebu.
In 1978, several parties expressed interest in acquiring controlling interest and approached the Roman Catholic Archbishop of Manila (RCAM), the principal stockholder of Philtrust Bank then. The lateJaime Cardinal Sin eventually decided to sell the stake to Emilio T. Yap because he believed that Yap “could maintain the trust and confidence of the Bank’s clients and would contribute greatly to the growth, stability and success of the Bank.”
In May 1997, the state-owned Manila Hotel was auctioned and the Malaysian Renong Berhard, one of Malaysia’s largest conglomerates won the bid. But in a turn of events, the Supreme Court nullified the sale, citing national patrimony and awarded the bid to Yap and also cited “Filipino-First” policy under the 1987 Constitution.
In 1996, Dr. Emilio Yap was conferred by the University of Sto. TomasDoctor of Law. Also in the same year, De La Salle University-Manilabestowed upon Yap, Doctor of Philosophy in Communications Management.
In November 2005, Yap was conferred honorary doctorate degree in Media Science by UST-Chile founder Dr. Gerardo Rocha.
In May 2007, Yap was conferred the degree of Doctor of Business Management and Entrepreneurship, honoris causa, by the University of Cebu.