Jacinto Ng Jr. —CONTRIBUTED PHOTO
Property developer Jacinto Ng Jr. was named as “Entrepreneur of the Year” by global professional services firm Ernst & Young (EY) in recognition of his efforts in “shaping opportunities and uplifting the social welfare of low-income Filipinos.”
The executive officer of Raemulan Lands Group received the distinction on Wednesday night at Makati Shangri-La hotel.
Ng will represent the Philippines in the prestigious awarding ceremony in Monte Carlo, Monaco, in June 2025.
READ: Work pressure on young professionals
“His company, Raemulan Lands Inc., has provided numerous families with resources, education and support to rise above poverty and achieve their dreams of owning a home, while also creating job opportunities and developing thriving communities among homeowners,” EY says in a statement.
“By also leveraging the synergy between Raemulan Lands, Inc. and Joy~Nostalg Solaris Inc., he has created sustainable energy solutions that not only reduce reliance on imported fuels but also conserve valuable resources, leading to the first utility-grade socialized housing rooftop solar energy in the Philippines and in the world,” the company adds.
Ng also received the “Master Entrepreneur” award as he was credited for maintaining management excellence over a sustained period of time in critical areas of the company.
These areas include finance, marketing, human resources and sales, EY says.
Ng established Raemulan Lands to develop socialized housing projects that “redefine affordable housing by integrating sustainability and affordability into their core design,” says EY.
“Under his leadership, the company experienced tremendous growth even during the pandemic and has built more than 30,000 homes for those in need and fostered a sense of community and resilience among its residents,” EY adds.
Ng is the son of Chinese-Filipino entrepreneur Jacinto Ng Sr., founder of homegrown snack food brand Rebisco and Asia United Bank. The younger Ng is also chief executive officer at Joy-Nostalg Group and a nonexecutive director at Belle Corporation. According to his profile at the professional networking site LinkedIn, he graduated from the University of the Philippines with a bachelor’s degree in architecture in the early 1990s.
Other honorees
Other category awards presented were for technology, woman, small business and young entrepreneurs.
Seven Seven Global Services, Inc. cofounder and president Macario Fojas received the “Technology Entrepreneur” award for his “strategic use of technology to become a leader in the IT-BPM (information technology and business process management) sector” and his positive contribution to society.
Bayo chief executive officer Anna Marie Lagon bagged the “Woman Entrepreneur” award for showing exemplary management excellence, which made her a leader in her field of business and an inspiration to other women entrepreneurs.
Meanwhile, Eco Global Consulting Inc.‘s Elenita Dela Rosa received the small business entrepreneur award for demonstrating management excellence, while Avocadoria.ph’s Czarina Sevilla won the young entrepreneur award for being an inspiration and a role model of entrepreneurship to the youth.
The recipients of the category awards were chosen from among 11 outstanding finalists representing enterprises from different industries from various regions in the Philippines.