Manila Bulletin's Emilio Yap dies at 88

Media tycoon Emilio Yap, the chairman of the board at the Manila Bulletin, has passed away on Monday at the age of 88.

Manila Bulletin confirmed his passing in a disclosure to the Philippine Stock Exchange and on the company’s Twitter page. Funeral services will be held at a time and place to be announced later.

The cause of Yap’s death was not detailed. He would have turned 89 on 24 September.

Yap has been with the Manila Bulletin since 1984 and was also chair of Manila Hotel Corp., the country’s oldest hotel, and Centro Escolar University. He was also chairman emeritus of Philtrust Bank.

In 2000, when he reached the age of 75, the Filipino-Chinese businessman did away with birthday celebrations to begin annual donations to various charitable causes.

“Dr. Yap was widely honored and recognized for his professional and charitable contributions and received over 400 awards and citations from the government, professional, and civic organizations. He was conferred 23 honorary doctoral degrees from universities in the Philippines and abroad,” Manila Bulletin shared in a statement.