Yuchengco Group of Companies The Yuchengco Group of Companies traces its origins to the founding in 1930 of China Insurance and Surety Co., a non-life insurance company, by Don Enrique Yuchengco, father of Ambassador Alfonso T. Yuchengco. Don Enrique and his wife, Maria Hao Tay, were 4th or 5th generation migrants from Southern China. Before World War II, Don Enrique had sizable interests in lumber, construction, tobacco and rice milling. When Don Enrique passed away, the young Alfonso took over the reins of the family enterprises and began to chart a new direction marked by rapid growth and expansion. Sharing his father's vision, he embarked on an aggressive expansion program for the insurance company, creating the Malayan Group of Insurance Companies. From insurance and its allied activities, Mr. Yuchengco moved into various fields paving the way for the birth of the conglomerate, the Yuchengco Group of Companies (YGC). The Group is a reflection of Mr. Yuchengco's character -- his work ethic that is rooted in integrity and social consciousness and his unyielding vision and confidence in the Philippines and the Filipino people. Today, the Yuchengco Group of Companies is into diverse fields such as banking, finance, investment management, manufacturing, construction, mining, real estate development, trading, power generation, oil exploration, telecommunications, fast food and agribusiness. Its roster of business enterprises and investments includes four flagships, namely: GPL HOLDINGS, INC. Subsidiaries -- Great Pacific Life Assurance Corporation, its wholly-owned subsidiaries-Pacific Plans, Inc., and Pan Pacific Computer Center, Inc. Affiliates-Grepaland, Inc. and Nippon Life Insurance Co. of the Philippines, Inc. (NLI-Phils). HOUSE OF INVESTMENTS, INC. and its major subsidiaries and affiliates -- EEI Corporation, ABN AMRO Savings Bank (formerly BA Savings Bank), First Malayan Leasing & Finance Corporation, Manila Memorial Park, Inc., Mapua Institute of Technology, HI-Eisai Pharmaceutical, Inc., The HI-Daiei Trading Co., Landev Corporation and iPeople, Inc. MICO EQUITIES, INC., a non-life insurance holding company for Malayan Insurance Co., Inc, Tokio Marine Malayan Insurance Co., Inc., Malayan Zurich Insurance Co., Inc., The First Nationwide Assurance Corporation, Eastern General Reinsurance Corporation, Malayan International Corporation Ltd., Asia-Pac Reinsurance Co., Ltd., Malayan Insurance Co. (UK) Ltd., and Malayan Unsurance Co. (HK) Ltd. It is otherwise referred to as the Malayan Group of Insurance Companies, the biggest non-life insurance group in the Philippines. RIZAL COMMERCIAL BANKING CORPORATION and its subsidiaries and major affiliates -- RCBC Savings Bank, RCBC Forex Brokers Corporation, RCBC International Finance Limited, RCBC California International, Inc., RCBC Telemoney-Europe, RCBC Capital Corporation, RCBC Land, Inc., RCBC Bankard, Inc., Nippon Life Insurance Co. of the Philippines, Sigma Cee Mining Corporation, Subic Power Corporation, Honda Cars Philippines, Luisita Industrial Park, Securities Clearing Corporation of the Philippines and Isuzu Philippines Corporation. The success of the Yuchengco Group goes beyond financial profit. The Group's vision focuses not only on impressive annual reports but also on a "social return on investment" (SROI)-its response to the challenge of development expressed in social terms. That is why there is a fifth member of the Yuchengco Group, which is the AY Foundation, Inc. Put up in 1970 as a non-profit, service-oriented organization to serve as the social development arm of the Yuchengco Group, the AY Foundation promotes the following causes: education through grants for scholarship, professorial chairs and schoolbuilding; public health through subsidies for surgical and medical missions in remote communities; relief and rehabilitation through aid to disaster-stricken areas; awards for community service and national discipline, and various other grants to promote art and culture, environment, and temporary shelter for Manila streetchildren (i.e.-Caritas Bukid Kabataan Center and ERDA Tuklasan Center). In essence, the Yuchengco Group of Companies-even in its diversity-is bound by a common goal: that of providing integrated financial services for the communities it serves, and enhancing core values that strengthen the foundation of the Filipino nation.