Emilio T. Yap Sr., GCLH (September 24, 1925 – April 7, 2014) was a

Chinese Filipino Chinese Filipinos; tl, Tsinoy, / Tsinong Pilipino, ; Philippine Hokkien , Mandarin (also known as Filipino Chinese in the Philippines) are Filipinos of Chinese descent, mostly of southern Fujianese ancestry, where the majority are bor ...

business tycoon and

philanthropist Philanthropy is a form of altruism that consists of "private initiatives, for the Public good (economics), public good, focusing on quality of life". Philanthropy contrasts with business initiatives, which are private initiatives for private goo ...

. He was the chairman of the board of the ''

Manila Bulletin The ''Manila Bulletin'' (), (also known as the ''Bulletin'' and previously known as the ''Manila Daily Bulletin'' from 1906 to September 23, 1972, and the ''Bulletin Today'' from November 22, 1972, to March 10, 1986) is the Philippines' largest ...

''.

Biography

Emilio Yap, who was of Chinese descent, was born on September 24, 1925 in

Fujian Province Fujian (; alternately romanized as Fukien or Hokkien) is a province on the southeastern coast of China. Fujian is bordered by Zhejiang to the north, Jiangxi to the west, Guangdong to the south, and the Taiwan Strait to the east. Its cap ...

China China, officially the People's Republic of China (PRC), is a country in East Asia. It is the world's most populous country, with a population exceeding 1.4 billion, slightly ahead of India. China spans the equivalent of five time zones and ...

; he would move to the Philippines where he would study and work in a business owned by his grandfather in Manila, then went to

Dumaguete Dumaguete, officially the City of Dumaguete ( ceb, Dakbayan sa Dumaguete; fil, Lungsod ng Dumaguete), is a 3rd income class component city and the capital of the province of Negros Oriental, Philippines. According to the 2020 census, it has a p ...

to work as a shopkeeper. He began his business career in 1942.

Career

In July 1984, Yap was elected as the chairman of the board of the ''

'', a position he held until his death in 2014. He was also the vice president of the executive department of the ''Manila Bulletin''. Yap was the chairman of

Manila Hotel The Manila Hotel is a 550-room, historic five-star hotel located along Manila Bay in Manila, Philippines.

from 1997 until 2014, chairman of

Centro Escolar University Centro Escolar University ( tl, Pamantasang Centro Escolar) also referred to by its acronym CEU is a private non-sectarian higher education institution in San Miguel Manila, Philippines Manila ( , ; fil, Maynila, ), officially the City of ...

since 2002, and the chairman emeritus of

Philtrust Bank Philtrust Bank, formally known as the Philippine Trust Company, is one of the oldest private universal banks in the Philippines. Founded on October 16, 1916, its history parallels the growth of the Philippine banking system. It is the third b ...

. ''

Forbes ''Forbes'' () is an American business magazine owned by Integrated Whale Media Investments and the Forbes family. Published eight times a year, it features articles on finance, industry, investing, and marketing topics. ''Forbes'' also re ...

'' ranked Yap as the 15th wealthiest person in the Philippines in 2013, with an estimated net worth of $1.1 billion.

Death and legacy

Yap died on April 7, 2014 at the age of 88, and was buried at the

Manila Memorial Park Manila ( , ; fil, Maynila, ), officially the City of Manila ( fil, Lungsod ng Maynila, ), is the capital of the Philippines, and its second-most populous city. It is highly urbanized and, as of 2019, was the world's most densely populated ...

Parañaque Parañaque, officially the City of Parañaque ( fil, Lungsod ng Parañaque, ), is a first class Cities of the Philippines#Legal classification, highly urbanized city in the Metro Manila, National Capital Region of the Philippines. According to t ...

on April 13, 2014. In August 3, 2015, a facility inside the

Philippine Red Cross The Philippine Red Cross (PRC; fil, Krus na Pula ng Pilipinas) is a non-profit humanitarian organization and a member of the International Red Cross and Red Crescent Movement. The PRC was established in 1947, with roots in the Philippine Rev ...

Tower National Blood Center was named Don Emilio T. Yap Blood Apheresis Center in honor of his charitable works with the organization.

References

1925 births 2014 deaths 20th-century Filipino businesspeople 20th-century philanthropists 21st-century Filipino businesspeople Burials at the Manila Memorial Park – Sucat Filipino billionaires Filipino business executives Filipino Catholics Filipino newspaper executives Filipino people of Chinese descent Filipino philanthropists Manila Bulletin people Recipients of the Philippine Legion of Honor {{Philippines-business-bio-stub

Biography

Career

Death and legacy

See also

References