By: Business World
Jose P. Magsaysay, Jr., chairman Emeritus of Cinco Corp., received the Emerging Master Entrepreneur award 2019 last night at the Makati Shangri-La hotel.
Mr. Magsaysay started Potato Corner with his partners in 1992 to make money on the side. By experimenting with a franchising business model and making business owning accessible, the company’s network has grown to over 1,000 kiosks, including 200 outlets in 11 countries. Today, it is diversifying its brand line-up by launching food items that cater to various markets.
The Entrepreneur of the Year Philippines 2019 program recognizes outstanding Filipino entrepreneurs who work with relentless determination and purpose. They are individuals who thrive in the age of disruption and lead enterprises that can inspire and empower communities and uplift the nation. They are unstoppable.
Mr. Alexander Cruz, the chairman and chief executive officer (CEO) of XRC Mall Developer Inc. is among the finalists of the annual awards.
Mr. Cruz built his first mall in Angono, Rizal in 2002. He grew his business by applying sound business strategies, such as selecting complementing tenants to create full ecosystems that support the business of his developments, from supporting tenants to ensuring foot traffic to creating convenience for visitors. Today, the chairman and chief executive officer (CEO) of XRC Mall Developer, Inc. has built 28 community malls, six hotels, and developed five public markets with the goal of bringing growth to the countryside.