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Saturday, June 24, 2006
Cebu’s ‘miracle’ can pull economy

Replicating Cebu’s economic growth in other areas in the country would free the Philippines from the financial crisis it is facing now, said Vivienne Tan, founder of Entrepreneurs School of Asia (ESA).

“Cebu’s economic mi-racle is acknowledged as the country’s model for growth.

So, imagine, if Cebu’s progress is duplicated all over the country, I guarantee you, in three years, we would have completely turned around the economy of our nation,” she said during the opening of the Entrepreneurship Conference at the Cebu City Waterfront Hotel and Casino yesterday.

ESA, one of the pioneering schools on entrepreneurship in the country and in Asia, plans to expand its operations in Cebu.

“Cebu’s culture of creativity and innovation, blessed with the presence of many entrepreneurial role models is the perfect environment for ESA,” said Tan, daughter of Philippine Airlines magnate Lucio Tan.

New ground

“I am really looking forward to establishing ESA in the same area that influenced my father’s entrepreneurial spirit,” she said.

“In many ways, my father is a Cebuano. I hope to strike new ground, while returning to his roots. Hopefully, I (will) humbly help enhance the place, my father once called home.”

Tan said her father is not the only successful business leader to trace his roots to Cebu.

“Three of seven taipans (in the country) spent their boyhood in Cebu. Speaking before some of Cebu’s most outstanding businessmen and entrepreneurs, I would not be surprised if a future taipan is in this room right now,” Tan said.

Tan dismissed the idea that entrepreneurs are born.

“I am in education because I believe that entrepreneurship can indeed be taught. I am in education to prove to you that entrepreneurship is not a birthright of the few,” she said.

The entrepreneurship conference is one of the activities of InTourPreneur 2006. (JBN)

For Bisaya stories from Cebu. Click here.

(June 24, 2006 issue)
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