THE UNIVERSITY will confer an honorary doctorate on the founder of Jollibee Foods Corp. on Feb. 15 at the San Martin de Porres Auditorium.
Tony Tan Caktiong, a Thomasian chemical engineer, will receive a doctorate in business administration, honoris causa, for his business feats, such as beating an American fast food icon and taking his quick-service restaurant empire across the globe.
Tan Caktiong, 65, first established an ice cream parlor before his family founded Jollibee in 1978. The Jollibee group is now the world’s fastest-growing Asian restaurant chain with some 4,000 stores in 17 countries.
Jollibee is also the country’s largest fast food network and owns the brands Chowking, Greenwich, Red Ribbon, Mang Inasal and the local Burger King franchise.
In 2004, Tan Caktiong was named “World Entrepreneur of the Year” by London-based professional services firm Ernst & Young.
Tan Caktiong, who graduated from UST in 1975, was ranked the eighth richest man in the Philippines by Forbes Magazine in 2017.