Manila Bulletin Chairman of the Board Dr. Emilio T. Yap passed away at noon Monday, April 7. He was 88.
According to the statement released by the Manila Bulletin Publishing Corporation, funeral services will be announced at a later time.
Yap was named by Forbes Magazine as the 13th richest Filipino in 2013. He was also a very prominent tycoon in the finance industry.
He served as Chairman of the Board of the Manila Hotel Corporation and Centro Escolar University. He was also a Chairman Emeritus of the Philippine Trust Company.
He was a celebrated philanthropist—having led numerous charitable causes in the Philippines and abroad. He was given a total of 23 honorary doctoral degrees from scholastic institutions in the country and from around the world. Having established the second oldest newspaper in the country, Yap also initiated the construction of the Medical Center Building at the National Press Club of the Philippines.
In the span of his professional life, Yap was recognized for his efforts and has received over 400 accolades from government institutions and private organizations.
With report from Manila Bulletin, Rappler.com, ABS-CBN News Online