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Ralph Recto: ‘Common good’ was recepient of George Ty’s corporate dividends

Nov 26, 2018 @ 17:26

Senate President Pro Tempore Ralph Recto lauded the late tycoon George Ty for showing his gratitude to the Philippines through his generosity.

The Batangas politiko said Ty “is more known as a generous philanthropist than a genius businessman” because “he made it his mission to repay the kindness of this nation.”

“So he built schools and hospitals, gave away scholarships, created endowments, bankrolled charitable institutions, was a first responder to calamities, and honored outstanding civil servants,” Recto said.

He also said “the common good” was “the recipient of his corporate dividends.”

“No matter how much he gave back, he probably believed that he will never fully amortize what he owed his countrymen,” Recto said.

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