NEWSLETTER | Treading The Often Difficult Path Of Making Lives Better



We are pleased to share the article, “Treading the often-difficult path of making lives better,” which came out today on BusinessWorld. It reflects on PHINMA’s beginnings after the second world war and where it is headed today with the same spirit of making lives better.


Generations of making lives better: PHINMA Chairman Emeritus Oscar J. Hilado; Chairman and CEO Ramon R. del Rosario, Jr.; and COO and Head of Education Dr. Chito B. Salazar.


  • Mr. Del Rosario emphasized PHINMA’s commitment to the original purpose of becoming a force for good for the Philippines. PHINMA Education, he cited as example, served mostly an underserved market, consisting of families without any prior experience with tertiary education, those who more often than not cannot pay tuition upfront.
  • Dr. Salazar noted that while the initial business of PHINMA has changed, the spirit remains the same. “I think this is what should drive business. Part of the difficulties in our world is because you always see businesses’ main role is to make a profit, which is important of course. But I don’t think making a profit is the first objective of business. I think any entity, any organization, any person’s first role in life is to somehow make the world a better place by their presence,” he said.
  • Mr. Hilado added, “I have never been more optimistic about PHINMA’s future as I am now. I sit back now and say, ‘Wow, those guys are going to run with this company. They know what they’re doing, and I like what they’re doing.”

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