Eusebio H. Tanco

Eusebio H. Tanco's energy and charisma are evident when one meets him in person. And these qualities serve him in good stead with the myriad things he has on his plate. He is titular head in diverse and numerous companies, with corporate experience in education, insurance and transportation, as well as other industries.

Primarily, Mr. Tanco is executive committee chairman of STI Education Services Group. He also heads Philippine Life Financial Assurance Corporation and Philippines First Insurance Company, Inc. He is likewise vice-chairman and president of port operator Asian Terminals, president of electricity distributor Mactan Electric Company, and president of stock brokerage firm Venture Securities, Inc. He holds key positions in other companies and organizations as well.

Mr. Tanco has a Master's degree in Economics from the London School of Economics and Political Science, and an undergraduate Economics degree from the Ateneo de Manila University. In this short tete-a-tete with Business Agenda, the tycoon shares insights on what makes him tick.

Business Agenda: At this point in your life and career, how much time do you devote to work and how much time to other interests?

Eusebio Tanco: Work is my interest so I don't think you can separate the two. There's a fine line between workaholism and insomnia...

BA: What is the role you play in the organization? And what is your work style and basic work ethic?

Mr. Tanco: I am more of the visionary. As John F. Kennedy said, ''Some men see things as they are and ask why. I dream things that never were and ask why not.''

I sit down with my people and talk about my vision. At this point, we've created wealth, a lot of material things. With STI, you want to pass on what you earn to the less fortunate. Our market is mostly the broad C market and I feel that if you educate, you reach out and help.

As for work ethic, my father would say, if you want to be successful in business, you cannot work from nine to five. You have to take it to sleep till you have nightmares about it...there is no time limit.

BA: How did you end up being involved in education, mostly in IT schools?

Mr. Tanco: My family started in the manufacturing sector...we were the biggest in the textile industry, until we lost competitiveness and decided to go into the service sector, where education is very important because we're a fast-growing population. And with the rise of the BPOs, education and skills are needed. Education is the equalizer of income disparity.

BA: What sets Asian Terminals apart as a transport company?

Mr. Tanco: The port operation is an indication of the consumption and growth of an economy. It measures the trade of the country. Importation this year, from July to August, was the highest volume ever in the industry of imports. Asian Terminal has been around for over 10 years, and we're only as good as the growth of the country.

BA: Do you personally invest in the stock market? Any tips?

Mr. Tanco: You look at the fundamentals of the companies before you invest. And yes, I play the stock market, as a sport.

BA: What is your energy source or driving force for the many things you do?

Mr. Tanco: I have a lot of people helping me. Multi-tasking is not exactly the right way of doing things, but if you have the right people, more or less you can do it.

BA: Are there any causes you support? What is your choice avenue for giving back?

Mr. Tanco: Education. STI currently has 72,000 to 75,000 students. We intend to round it up to 100,000 next year. We will build 10 more campuses by next year. The goal is to get graduates to be employed at a higher quality, raising the standards of education for students and educators. The challenge is a strong management team and a strong IT backroom, plus strong marketing.

BA: I am told your favorite mode of unwinding is singing. What kind of songs are in your repertoire?

Mr. Tanco: Anything from Frank Sinatra to Jason Mraz and Bruno Mars.


Editor’s note:Yahoo Philippines encourages responsible comments that add dimension to the discussion. No bashing or hate speech, please. You can express your opinion without slamming others or making derogatory remarks.

  • China says U.S. actions in S.China Sea "irresponsible, dangerous"
    China says U.S. actions in S.China Sea "irresponsible, dangerous"

    By Sui-Lee Wee BEIJING (Reuters) - China said on Friday it was "strongly dissatisfied" after a U.S. military plane flew over part of the South China Sea near where China is building artificial islands, and called on the United States to stop such action or risk causing an accident. The Chinese navy issued eight warnings to the U.S. P8-A Poseidon, the U.S. military's most advanced surveillance aircraft, when it conducted the overflights on Wednesday, according to CNN, which had a team on board …

  • 2015 Hyundai Lateral Drift goes to Philippine Arena
    2015 Hyundai Lateral Drift goes to Philippine Arena

    The smell of burnt rubber and screeching tires are some of the highlights that will be seen at the most adrenaline-pumped drifting event of the year—the 2015 Hyundai Lateral Drift Championship series.   Held at the Philippine Arena in Bocaue, Bulacan, the event will be the biggest venue in the drifting competition. This is the […] The post 2015 Hyundai Lateral Drift goes to Philippine Arena appeared first on Carmudi Philippines. …

  • The Richest Senators In The Philippines
    The Richest Senators In The Philippines

    The 2014 Statement of Assets, Liabilities, and Net Worth for politicians and public servants are now available for anyone to … The post The Richest Senators In The Philippines appeared first on …

  • PHILIPPINES PRESS-AirAsia Philippines seeks $500 mln valuation for IPO - Inquirer

    The Philippine unit of Malaysian budget carrier AirAsia Berhad is seeking a valuation of at least $500 million for its initial public offering set within the next two years, the Philippine Daily Inquirer ... …

  • Consultant, facing joblessness, claims P5.9-M lotto pot
    Consultant, facing joblessness, claims P5.9-M lotto pot

    A 39-year-old information technology consultant, whose job contract will expire this month, has claimed his share of the 6/45 Mega Lotto’s P17.8-million jackpot in its May 13 draw, the Philippine Charity Sweepstakes Office (PCSO) announced yesterday. “I could not sleep for the past several days, thinking about where I could get the money to pay my children’s tuition,” the winner told PCSO general manager Jose Ferdinand Rojas II when he received a check for P5.9 million at the PCSO’s central …

  • Cager’s daughter: I will never drive again
    Cager’s daughter: I will never drive again

    Kim Asaytono vowed never to get behind the wheel again after she hit 14 people on Tuesday night and killed one of them. Even if she gets out of jail one day, the 22-year-old daughter of former Philippine Basketball Association player Nelson Asaytono said she no longer wants to drive. Maybe, I will still ride a car but I will never drive again,” she told The STAR in an interview in her jail cell at the Manila Police District headquarters. …

  • Disaster center to rise in Clark
    Disaster center to rise in Clark

    The private sector is set to build a disaster operations center near Clark international airport in Pampanga to strengthen the country’s preparedness against natural calamities. In his closing remarks during a two-day Earthquake Resilience Conference, businessman Manuel V. Pangilinan said yesterday the Philippine Disaster Recovery Foundation (PDRF) would build the center that would serve as base for immediate response to a disaster. Pangilinan, co-chair of the PDRF, said the disaster …

  • China shoos away US plane in disputed sea
    China shoos away US plane in disputed sea

    The Chinese navy warned a US surveillance plane flying over artificial islands that Beijing is creating in the disputed South China Sea to leave the area eight times, according to CNN, which was on board the flight on Wednesday. The P8-A Poseidon, the US military’s most advanced surveillance aircraft, flew at 4,500 meters at its lowest point, CNN said. The incident, along with recent Chinese warnings to Philippine military aircraft to leave areas around the Spratly archipelago in the South …


Should Aquino be held accountable over the Mamasapano operations?

Poll Choice Options