Andrés Soriano in the context of "Pension plan"

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⭐ Core Definition: Andrés Soriano

Andrés Roxas Soriano Sr. (born Andrés Soriano y Roxas; February 8, 1898 – December 30, 1964) was a Spanish Filipino industrialist. Described by The New York Times in 1964 as "one of the most dominant business personalities in the western Pacific area," he was best known for expanding the original San Miguel Brewery evolving into San Miguel Corporation.

He also established philanthropies and encouraged good employee relations by sharing profits with his more than 16,000 employees by establishing a pension plan that paid retired employees 25% of their salary, with guaranteed sick leaves and medical benefits. He was the founder of Philippine Airlines, Asia's first air carrier. In 1935, during Commonwealth era, Soriano established Commonwealth Insurance Company, a non-life insurance company.

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Andrés Soriano in the context of Pamalican

Pamalican Island, also spelled as Pamalikan, is a small and sandy island of the Cuyo Islands in the Sulu Sea, between Palawan and Panay, in the north part of the Palawan Province of the Philippines. The island is set in the middle of a 7-square-kilometre (2.7 sq mi) coral reef. It has a length of 2.5 kilometres (1.6 mi), and measures only 500 metres (1,600 ft) at its widest point. Pamalican can be found 7 miles southwest of Quiniluban island and 3 miles northeast of Manamoc island.

The island was originally exploited as a struggling family-owned plantation. It was then purchased by Andrés Soriano Jr., a businessman. His children decided to build a resort on the island and leased the management responsibility to establish an exclusive resort. The island is private property and belongs in totality to Seven Seas Resorts and Leisure, Inc. (owned by the Sorianos). It is part of the high-end resort group, Aman Resorts, under the name Amanpulo. About 40% of the employees are from the neighbouring Manamoc island.

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