Everyone knows that real estate giant Megaworld Corp. was built – and perhaps, more importantly, brought back from the brink in the early 2000s – by real estate mogul Andrew Tan.
Since then, the company has grown steadily and has diversified into fast food and distilled beverages, hotels, tourism and infrastructure.
But as his success gave its founder more time to enjoy the finer things in life at a more relaxed pace, it also gave his son, Kevin Tan, a solid platform from which to develop further the empire.
Biz Buzz has learned that young Tan, who is now the group’s CEO (the oldest is the chairman), has started to play a bigger role in the company. In fact, Kevin is now in charge of the day-to-day operations of family-owned holding Alliance Global and its flagship company Megaworld, where he serves as chief strategy officer.
And just as his father’s credentials were cemented in the wake of the 1997 East Asian financial crisis, Kevin also has a chance to build his own during the biggest business upheaval the world has seen since the end. of World War II.
Far from sitting around and waiting for the pandemic to end, Biz Buzz learns that Kevin is setting the stage for the group’s growth over the next several years, and for the various business units to be quickly on the starting blocks as soon as the COVID -19 crisis subsides.
Proof of this is the 27 billion peso real estate investment trust, the largest in the Philippines to date, that Megaworld will launch as soon as it obtains all the required regulatory approvals.
But more than just building on his father’s legacy, Kevin is also starting his own businesses. One of these companies is the Pick e-commerce platform.
A.Roo, which will mark its first year of operation next month.
According to Kevin, this app-based buying platform had been in the works for two years and the result of his unsuccessful search for tech companies in which to acquire shares.
“After researching companies to invest in, I decided to just form a team and build our own app,” he said.
He said his goal is to make Pick.A.Roo the largest on-demand app with the most comprehensive product list.
And the best part of the service? “We can deliver anything from our app within an hour,” he said. Truly breathtaking, given how long other online shopping platforms take to deliver items these days.
Pick.A.Roo now has over 300,000 users, 80% of whom conduct credit card transactions on the app. There are currently over a thousand brands to buy from, with more being added every week. They also spread around Luzon, in particular Cavite, Batangas and Pampanga. They also plan to launch in Cebu, Iloilo, Bacolod and Davao.
This is exactly the kind of entrepreneurial spirit the Megaworld empire needs to move forward.
—Daxim L. Lucas
To celebrate the 75th birthday of business mogul Manuel V. Pangilinan aka MVP on July 14, a digital concert featuring key pop artists was held in his honor. The event also aimed to highlight various pleas on the theme of sustainable development supported by the group.
With the succession of PLDT (the MVP transformed from a monopoly into a true corporate giant) complemented by the appointment of Alfredo Panlilio as President and CEO, will he retire anytime soon?
Not far, from what we hear. In fact, MVP may soon take a more active role within Metro Pacific Investments Corp., which owns interests in key local toll roads, water, power, power generation, road companies. of iron and hospitals, as well as an emerging portfolio elsewhere in Southeast Asia.
A COVID-19 survivor himself, MVP should have more fruitful years before he contributes to the economy and the nation.
—Doris Dumlao-Abadilla INQ
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