John Gokongwei, Jr.’s love for Iloilo

Posted by watchmen
November 14, 2019
Posted in OPINION


“Many people dream about being an entrepreneur, stating their own business, working for themselves, and living the good life. Very few, however, will actually take the plunge and put everything they’ve got into being their own boss.” –Fabrizio Moreira

Late billionaire John Gokongwei, Jr. must have loved Iloilo so much since he built three Robinsons Place malls there, among other businesses across the Western Visayas. Robinsons Malls boasts two locations in Iloilo City and one in Pavia. He even eclipses SM when it comes to all of their locations in the region. These modern shopping centers have helped the local economy in terms of tax revenue and employment opportunities.
In light of Gokongwei’s recent passing, local legislatures where Robinsons Place malls are located must pass resolutions expressing their gratitude for his contributions to their respective localities.
Meanwhile, the Federation of Filipino-Chinese Chambers of Commerce and Industry confirmed Gokongwei has “able” heirs to continue his legacy. Federation president Henry Lim Bon Liong called his death a “big loss to the country.”
According to the many stories written about Gokongwei, he was once a scion of a wealthy Filipino-Chinese clan and studied at San Carlos University. His family was said to be one of the richest in Cebu until, one day, everything was taken away when his father died. Creditors seized their home and cars, and their business was gone. They went on to become flat broke and, at 15, Gokongwei worked to provide for his family
While his siblings were sent to China, where the cost of living was cheaper, he sold roasted peanuts and opened up a small stall in the market. He sold soap, candles, and thread to earn money. Gokongwei knew he had an advantage being younger and he used it as a strength in his job.

***
Alex P. Vidal, who is now based in New York City, used to be the editor of two local dailies in Iloilo./WDJ

Leave a Reply

Your email address will not be published. Required fields are marked *