As one of the largest and most diversified conglomerates in the Philippines, how has the Yuchengco Group of Companies (YGC) built on its reputation as a strong partner for foreign corporations?
What can we expect in 2018?
“With footholds in multiple sectors of the economy, the Yuchengco Group of Companies prides itself on collaborations and partnerships which create successes for all parties.
From the banking sector, to energy and education, we seek foreign partners who are in a position to drive business and improve the lives of our customers by providing top-of-the-line services that meet global standards. In this way, we are not only ensuring the growth of our businesses, but also provide our foreign partners with access to the market and ensure they are in a position to expand their respective businesses.”
Which sectors are proving to be growth drivers for the domestic economy?
“Our goal and main directive has always been to remain competitive. The diversity found across the Yuchengco Group of Companies provides us with the opportunity to grow and improve our activities in various sectors.
We are seeing growth in sectors such as education where our school, Mapua University, recently attained university status and is recognized as one of the best IT, engineering and technology universities in the country. We are proud of our achievements in terms of the school’s reputation with local and international accreditation authorities. We encourage our students to strive to be the best and work hard to develop partnerships with both corporate and educational institutions across the globe.
The energy sector is also showing promising signs of growth. Our firm Petroenergy Resources Corporation, is leading the way in terms of investing in the mass distribution of clean, renewable energy across the country.
Progress is also being made in the country’s construction and infrastructure sectors where EEI Corporation, our leading global construction service provider, continues to grasp opportunities across the country within the Philippines’ infrastructure sector.
Our banking unit, Rizal Commercial Banking Corporation (RCBC), continues to expand through various ventures. We are focused on innovating and providing better products to meet our clients’ needs as well as providing funding for key projects.”
With collaborations and alliances with several prestigious Japanese groups, how would you describe YGC’s ties to Japanese corporates in 2018?
(Cesar) “Our ongoing relationship and partnership with Japan is crucial to YGC’s own expansion and progress. In gaining the confidence of the Japanese market, our businesses are able to flourish. For example, RCBC is currently the leading financial institution for Japanese firms operating in the Philippine Economic Zone Authority (PEZA). Our existing collaborations allow us to further promote direct investments and business relationships between Philippine and Japanese entrepreneurs and corporations.
One such example is the expansion of the partnership between the bank’s credit card-servicing entity, RCBC Bankard, and JCB International. The 20-year partnership just recently produced the bank’s newest top of the line privilege card, the RCBC Bankard JCB Platinum Card, which provides world-class privileges and state-of-the-art features to the modern traveler of today.
What message do you have for our readers regarding the future of the Philippines as a place to do business and what plans do you have to ensure YGC remains a leading player within the economy?
“As a developing country, the Philippines’ economy continues to grow and attract foreign investors. Our country is home to a hospitable environment for business expansion, a fact that appreciated by foreign corporations. Aside from this, there is the advantage of our highly accessible human resources and competitive manufacturing hubs.
YGC is leveraging our strengths in many growth areas of the economy. We will intensify the way in which we provide our services to meet the needs of our customers’ lives. In addition to the introduction of new products and innovative solutions, we will also be focusing on the environment by continually investing in clean and renewable energy sources.
Our companies will continue to play a significant role in the banking and finance, insurance, construction and real estate, education, information technology and automotive sectors as we contribute to the development of the Philippines.”