YU
CEBUANO businessman Luis Yu Jr. leads the 2016 Grand Chamber awardees as Entrepreneur of the Year, the Cebu Chamber of Commerce and Industry (CCCI) announced.
Yu is the chairman emeritus of 8990 Holdings, Inc. (HOUSE), popularly known for the Deca Homes brand.
According to its website, HOUSE started out as an information technology and telecommunications business in 2005.
The company disposed of this nature of business in 2012 and, following its corporate reorganization, has been operating as a low-cost mass housing developer through its subsidiaries.
Also in 2012, HOUSE launched Urban Deca Homes and Azalea Residences, attaining P6 billion in gross sales that year.
The firm became a publicly listed company in 2013, under the stock symbol HOUSE on the Philippine Stock Exchange.
The CCCI is set to formally announce all the awardees of the Grand Chamber Awards 2016 this evening at the Marco Polo Plaza Hotel in Cebu City.
Other awardees are Wellington Chanlim, president of Wellisa Farms, as Countryside Entrepreneur; Dr. Alvin Roxas, president of Yakski BBQ, Inc., as Small Business Entrepreneur; and Anya Lim, creative and managing director of ANTHILL Fabric Gallery, as Young Entrepreneur.
Juanito King & Sons, Inc. will be awarded as Corporate Social Responsibility (CSR) Institution of the Year while a special citation will be given to Tsuneishi Heavy Industries for being the “Economic Driver in Western Cebu.”
CCCI said these awardees have served as role models for Cebuanos “to level up, become world class and globally competitive while maintaining CCCI’s core values of integrity, commitment and synergy.”
The Chamber said the awardees were carefully chosen by the GCA Board of Judges composed of the CCCI Council of Advisors.
The event marks the culmination of Cebu Business Month 2016.
“(F)or over 20 years in a row, (it has aimed) to recognize outstanding Cebuano entrepreneurs and companies who have demonstrated exemplary performances in their field of business,” the statement read.
For the first time in 20 years, the Grand Chamber Awards was not exclusive to CCCI members but was open to non-members as well.