Monday, December 21, 2015

Energy tycoons team up for disaster ops center


By: Riza T. Olchondra 01:21 AM December 20th, 2015
http://business.inquirer.net/204416/energy-tycoons-team-up-for-disaster-ops-center

THREE industrialists leading the Philippine Disaster Recovery Foundation (PDRF) have pledged a combined P42 million from their energy businesses to establish the world’s first private disaster relief center.
PDRF president Rene Meily said in an interview on Friday that the group’s cochairs, Jaime Augusto Zobel de Ayala and Manuel V. Pangilinan, as well as Edgar O. Chua of Shell Companies in the Philippines, committed P10 million from each of their business groups to establish and operate the Disaster Operations Center (DOC).
Zobel is chair and CEO of Ayala Corp., which is growing its energy business. Pangilinan is chair of the Philippine Long Distance Telephone Co. and Metro Pacific groups, which lead power distributor Manila Electric Co. (Meralco). Chua is country chair of Shell Companies in the Philippines.

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