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PROFILES OF PASIGUENOS TALENTS IN THE WORLD OF BUSINESS

By: R.B Manuel

JUSTO E. MANALO

Contractor

Justo E. Manalo is the founding president of the firm now known as J.E Manalo and Co., Inc.

Manalo now 72 years old, is a true-blue Pasigueño

He studied at Pasig Elementary School and Rizal High School and obtained his degree in accounting at the University of the East. He was at one time baranggay captain of Baranggay Kapitolyo. He was president of the Rotary Club of Pasig in 1975-1976. He was president of the Philippine Constructors Association. He was Executive Chairman of the 421st Anniversary of Araw ng Pasig in 1994.

His company, established in 1961, entered the contracting trade as a sole proprietorship. Its single large asset then was a small crawler crane. From its very auspicious start, the company grew over the years into a triple A contractor.

In December 1969, the company was incorporated with an initial capitalization of one million pesos. The initial projects consisted of the construction of commercial building and their facilities.

In 1974, the firm became a contractor for major flood control projects of the Bureau of Public Works. In 1978, J.E Manalo and Co., Inc., was elected as one of the 13 Most Outstanding Public Works Contractors. One of its prestigious works was the construction of the Port of Cagayan de Oro City in 1983 with a co-venturer, FASCON (MLA) Inc.

Not too long ago in Pasig City, J.E Manalo & Co., Inc., built two bridges: the Sandoval bridge in Ugong-Maybunga and the Manggahan bridge in Manggahan. The bridge in Bambang was just elevated to allow barges to pass underneath even at high tide.

J.E Manalo & Co., Inc., is located on Bernal St. and C. Raymundo Avenue, Rosario Pasig City.

JOSE V. ANGELES

Engineer and Contractor

In 1965, Engr. Jose V. Angeles established the construction firm J.V Angeles Construction Corp. with present office at C-5 Baranggay Bagong-Ilog, Pasig City. The company’s main businesses are the design, installation, and construction of various water projects. The company is one of the prime contractors of the Manila Waterworks and Sewerage Systems.

One of its prestigious projects, a joint venture with GLF SELI of Italy, was the construction of the Umiray-Angat Transbasin Tunnel in 1997. This tunnel is about 13.2 kilometers long in Sierra Madre Mountain. It brings water from the watershed of the Sierra Madre, water that would have flowed uselessly to the Pacific Ocean, to the Angat Reservoir of MWSS.

Angeles studied at the Pasig Elementary School, Rizal High School and the University of the Philippines where he obtained his bachelor’s degree in civil engineering and masters in Industrial management. In 1990, his alma mater, the UP College of Engineering honored him with a Professional Achievement Award.

He was a three-time president of the Philippine Constructor Association and is presently a board member of the UP Engineering Research Foundation.

Angeles, now 79 years old was at one time baranggay captain of Baranggay Bagong-Ilog and a councilor of Pasig City. He was charter president of the Rotary Club of Pasig.

RODOLFO V. CRUZ

Stockbroker

The president and chief executive officer of HK Securities Inc., (HKSI) is a Pasigueño, Rodolfo V. Cruz.

Cruz is a certified public accountant and holds an MA in business economics. He completed studies in corporate financial management at the University of Michigan in the USA. He was former president and chief executive officer of Security Diners International Corp., executive vice president of the Philippine American Investment Corp. and senior vice president of the Security Bank and Trust, Co. he is also either chairman of the board or president of several large companies.

HKSI, the company that Cruz heads is a member of the Philippine Stock Exchange. It was incorporated in 1998 and registered with the Securities and Exchange Commission on September 16, 1998 as a broker and dealer in securities with license 1663.

HKSI accounts include both institutions and private individuals, foreign and local. The company has extensive expertise in both commercial and investment banking services. Its affiliate company, RV Cruz and Associates, has concluded various business takeovers and managed the closing of these agreements.

HKSI is a member of the unified bourses that comprise the Philippine Stock Exchange. It has combined capital of over P 11.7 million. Its authorized capital amounts to P20 million broken down into 200,000 common shares at par value of P100 per share.

HKSI holds office at Suite 102, 10/F Columbia Tower, Ortigas Avenue, Mandaluyong City.

KIKO BOLINAO

Entrepreneur

A Pasigueño with considerable business dealings with the Manila Railroad Company (MRR) was the late Don Francisco Adriano Bolinao, better known as Mang Kiko.

Mang Kiko was the principal supplier to the MRR of all kinds of hardware and railroad ties (molave wood) which he sourced from Sorsogon, Nueva Ecija, Palawan, and as far away as Tawi-Tawi (no Abu Sayaff then).

He did not limit his business with the MRR to just being a supplier of hardware and railroad ties. Being a shrewd entrepreneur, he branched out to the repair of the trains and cabooses when the opportunity came.

This business relationship with the MRR lasted for two decades. Mang Kiko died in 1968.

PEDRO R. TECH

Government Employee

A man who could be a role model for many present-day government employees was the late Pedro R. Tech, a Spanish-speaking member of the gentry of Pasig.

Tech studied at the Ateneo de Manila where he was an interno (boarder) and obtained his law degree there.

Instead of opting to be a full-time lawyer or an entrepreneur, he decided to enter government service, especially the Bureau of Internal Revenue.

Although the bureau later earned a reputation for being a graft-ridden entity of the government, Tech retired as chief of the Specific Tax Division in 1963 without any taint of a scandal.

At the retirement program in his honor, the commissioner praised Tech for his honesty and dedication to the service.

Tech owned vast ricefields in Pasig, extending to Cainta, Rizal.

His relationship with his tenants spoke greatly of his true character. There was never an occasion of dispute with his kasama.

He provided all the expenses needed to plant rice and never refused a loan at no interest to his tenants.

A devout Roman Catholic, Tech attended mass daily. Because of his devotion, the Belgian CICM parish pries appointed him as the permanent and lifetime chairman of the Semana Santa religious celebration in Pasig.

Tech joined his Creator on May 13, 1973, exactly on his 75th birthday.