BIZ BUZZ: Samgyupsal chief, PCCI chief
The owner of the Samgyeopsalmasarap chain of restaurants, Enunina Mangio, is the incoming president of the country’s largest business organization, beginning her two year-term as head of the group in 2024.
Biz Buzz learned that Mangio was elected as the new president of the Philippine Chamber of Commerce and Industry (PCCI) last week on Friday, and will soon take the place of the business organization’s current president, George Barcelon, who will then assume the role of chair of the organization.
Mangio, who is a licensed engineer, is the president of Servcare International Corp., a New York-based holding company with 12 subsidiaries.
She is also the president of Choosers Choice Food & Development Corporation, as well as of Mawell Premium Food Corporation, a chain of casual dining restaurants serving Korean cuisine.
In addition, she is currently the PCCI’s vice president for regional affairs, a governor at the Employers Confederation of the Philippines and a board trustee at the Philippine Exporters Confederation Inc.
Mangio is a graduate of the Mapua Institute of Technology, holding a double degree in mechanical and chemical engineering.
—Alden M. Monzon
Big biodiesel push
Market watchers are keenly observing fresh moves by the Department of Energy (DOE) to raise the biodiesel blend by 50 percent to 3 percent.
Talks to hike the blend, stuck at 2 percent over the last 14 years, are coming the fore once again as the government and industry backers seek to cut dependence on imported fuel.
Firms like the Lao family’s D&L Industries, owner of biodiesel giant Chemrez Technologies, stand to gain should the DOE push though with the hike next year.
D&L Industries CEO Alvin Lao said this was a potential growth area for the company alongside its ongoing efforts to ramp up capacity at its newly inaugurated manufacturing plant in Batangas.
The Biodiesel Law was passed 17 years ago and mandates the use of coco blend for liquid fuels.
This renewed biodiesel push could accelerate in the coming years as traditional oil giants seek a slice of the sector.
Petron Corp. was among those that recently secured approval to build its own biodiesel plant.