The resolution was co-sponsored and co-authored by all senators. Both Drilon and Zubiri noted the move taken by Gokongwei and his brothers in 1992 to donate a significant portion of their shares of stock to support the education sector in the country through the Gokongwei Brothers Foundation. In 2006 when he turned 80 years old, Gokongwei donated half of his fortune to the foundation. But because of the advent of the budget airline Cebu Pacific, people now have an option,” he added. Gokongwei, according to Drilon, lived a life of hard work, business acumen and philosophy that helped open doors of opportunity for his fellow Filipinos.

Source: Philippine Star November 12, 2019 16:02 UTC