Felix Tiu

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Felix Tiu
Born
Felicito Hupan Tiu

Iloilo City, Iloilo, Philippines
NationalityFilipino Chinese
Alma materCentral Philippine University
Occupation(s)Founder and CEO of EON Group of Companies, chair of Iloilo City Trade and Investments Board
OrganizationEON Group of Companies
Board member ofWest Visayas State University Regents
SpouseBernadette Tiu (m. 1978–present)
AwardsGolden Salakot Award 2012

Felix Tiu (born Felicito Hupan Tiu on October 29, 1955, in Iloilo City, Philippines) is a Filipino–Chinese businessman, investor, and entrepreneur. Since 2010, he has been chairman of the Iloilo City Trade and Investment Board (ICTIPB)[1] and the CEO and founder of Eon Group of companies which holds the first waterpark in Visayas, and the first to run solar-powered in the Philippines,[2] Waterworld Iloilo.

Beneath the corporation, are varying establishments such as a tourism agency, multiple hospitality businesses, food establishments, candy, juice and noodle manufacturing, and developments of housing and property. The EON Group of Companies is known as "one of the top developers in Iloilo. "[3]

Tiu has been awarded the Golden Salakot Award,[4] which is "the highest honor in recognition for outstanding achievements defined by personal or institutional success and philanthropic involvement",[4] by the Iloilo City mayor, Jed Patrick Mabilog in 2012.[5] Tiu has been the centre of interviews from high-profile media outlets such as Rappler.com[6] and ABS-CBN.[7]

Announced in late 2017, Tiu invested 350 million pesos into another branch of Waterworld in Mandaue, Cebu, making it one of the most expensive waterparks in the Philippines.[8] Not only will it be one of the largest waterparks in the Philippines, the 3-hectare project will boast as a major entertainment complex, housing a large amusement park, and resort.[9]

Early life

Tiu was born in Iloilo City, Iloilo, Philippines to Luz Tiu (née Hupan) and Fernando Tiu, a wealthy family of Chinese descent, who were successful, self-made traders who operated a candy store in Iloilo, throughout the 1950s. Felix's grandparents were Chinese immigrants, with ancestral ties from the Fujian province, who migrated to the Philippines due to business opportunities in the 1900s.

He finished his high school education at Central Philippine University.

Tiu's father's business shut down because of mismanagement due to overexpansion, resulting in Felix, the eldest of four, to drop out of private school in 1974 to assist in the re-enterprising of his father's business.[10]

In 1979, at 23, he married Bernadette Tiu, (née Chavez) and a fast growing family did not come far after: by 1987, Felix and Bernadette already had 4 children. During the early years of assistance in the restoration of his father's business, Felix and his wife, Bernadette, having to provide for their young family, sold homemade tamarind balls, halo halo and other local sweets on the streets of Iloilo City, to cope with financial struggles after the disperse of his father's fortune.

Career

1980s–2000s: early career

Upon the aftermath of the failed reestablishment of his father's confectionery business, Tiu and his wife founded their own trading company, in 1985, Goldstar Philippine Traders, selling oil, flour, margarine, and other baking goods using his savings of 10,000₱ from previous business ventures.[10]

Felix opened Eon Philippines Industries Corporation, in 1995, which manufactured various local staples like bihon and sotanghon as well as flavoured juices, with lollipops being the main product.[10] This venture was established as a reminiscent to Felix's father's business,[10] then in 1998, Felix opened a travel and tourism agency called Eon Travel and Tours in SM City Iloilo.

In 1991, with a vision to provide "market vendors a chance at their businesses"[10] and to support other local businesses, Tiu ventured into low interest lending and in 5 years has created a "very modest lending portfolio".[10]

2000s–2010s: Eon Group of Companies and Local ventures

At the turn of the millennium, in 2000, Tiu purchased a property and constructed the Eon Centennial Plaza Hotel, which is now known as "one of the leading business hotels in the heart of Iloilo",[10] accommodating multiple restaurants over the years such as Frances, Joaqui's, Cups n’ Saucers, and more recently, The Leaf.

Eon Realty Development Corporation started in 2001 and has built over 4,500 homes to date, with families in the low-medium income bracket as their target market. As of 2017, they encompass over 12 housing and subdivision projects and became the first company to build on townhouses in Iloilo.[10]

In 2004, Eon Group of Companies branched out into developing neighboring islands, launching Guimaras Memorial Park in Guimaras, Philippines.

In 2006, Eon Centennial Resort Hotel and Convention Center was erected in Jaro, Iloilo City, which housed a convention center to hold up to 3,000 people.[11] Exploreiloilo.com has named Centennial Resort Hotel and Convention Center "a first class year-round family destination".[11] In 2015, the announcement of Waterworld Iloilo resulted in the revision of the convention center, leading the enterprise to change its name to Eon Centennial Resort Hotel and Waterpark.

2010s-present: Waterworld Franchise and Nation-wide ventures

In 2013, Felix opened the first paninda and paluto style restaurant in Iloilo, Merkado Seafood Restaurant[12], where an inclusive wet market allows fresh seafood, meat and vegetables to be purchased, with the customer deciding how it is to be cooked. Due to Typhoon Yolanda's impact on Panay's fresh seafood supply, infection led to the restaurant closing its doors on November that year.[13]

Waterworld Iloilo was announced in 2015, to replace the convention center constructed under the then-named, Centennial Resort Hotel and Convention Center in Jaro, Iloilo City. It opened on December 16, 2017, and became Philippines' first solar-powered waterpark.[2] It comprises over 20 different slides and rides, 2 pools, 8 luxury cabanas, 3 restaurants, a souvenir and novelty shop, and a lazy river which surrounds the perimeter of the park. Waterworld Iloilo has been featured in various media outlets such as Panay News, The Guardian, The Iloilo Metropolitan Times, Island Living and Hugging Horizons.[14]

Due to the overwhelming success of Waterworld Iloilo,[9] Felix Tiu announced that the Eon Group of Companies will expand the Waterworld franchise into Mandaue, Cebu. The project, known as Waterworld Cebu, will be valued at over 350 million pesos, making it one of the most expensive waterparks in the Philippines.[15] Not only will it be one of the largest waterparks in the Philippines, but the 3-hectare project will boast as a major entertainment complex, housing a large amusement park, and resort as well. It is set to open late 2019.[8]

References

  1. ^ "Iloilo City businesses up 50% » Iloilo Investment Promotion Center". iloilocityipc.org. Retrieved June 27, 2017.
  2. ^ a b "PH's first solar-powered water park opens in Iloilo | The Daily Guardian". The Daily Guardian. December 16, 2016. Retrieved March 28, 2017.
  3. ^ "#IMTHeard: Felix Tiu". Iloilo Metropolitan Times. Retrieved March 28, 2017.
  4. ^ a b "Iloilo City to fete outstanding Ilonggos". bayanihan.org. Retrieved March 28, 2017.
  5. ^ https://www.pressreader.com/philippines/manila-times/20120825/281732676651994. Retrieved March 28, 2017 – via PressReader. {{cite web}}: Missing or empty |title= (help)
  6. ^ "#ShareIloilo: Economic prospects for Iloilo". Rappler. Retrieved June 27, 2017.
  7. ^ "Iloilo City businessmen lose money to scam". ABS-CBN News. Retrieved June 27, 2017.
  8. ^ a b Silva, Victor Anthony V. (November 3, 2017). "A tourist stop in an industrial hub". Cebu Daily News. Retrieved November 26, 2017.
  9. ^ a b Cacho, Kat O. (October 29, 2017). "Tourism complex developer in Cebu to test the waters". SunStar. Retrieved November 26, 2017.
  10. ^ a b c d e f g h "Eon Group's Felix Tiu: 'Don't work for money, let money work for you'". philstar.com. Retrieved March 28, 2017.
  11. ^ a b "Centennial Resort Hotel and Convention Center". Explore Iloilo. Retrieved June 27, 2017.
  12. ^ Khariza, Sofia Joy (November 10, 2013). "Merkado, the dampa of Iloilo | Iloilo Metropolitan Times". www.iloilometropolitantimes.com. Retrieved June 27, 2017.
  13. ^ "Frances Tiu and Waterworld: Keeping the family business on track | Iloilo Metropolitan Times". www.iloilometropolitantimes.com. Retrieved June 27, 2017.
  14. ^ "WATERWORLD ILOILO: a Grown ups Playground (Rates + Virtual Tour)". Hugging Horizons. December 4, 2016. Retrieved June 27, 2017.
  15. ^ "A New Exciting Waterworld Complex Set to Open in Cebu Soon". www.tripzilla.ph. October 30, 2017. Retrieved November 26, 2017.
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