(Grateful adieu at SM City Pampanga. Contributed Photo)
CITY OF SAN FERNANDO – For his invaluable contribution to the economic development of this capital city, Henry Sy, Sr. was granted a posthumous recognition and appreciation by the city government.
Fondly called “Tatang” by thousands of SM employees, Sy was conferred the honor through Sangguniang Panlungsod (SP) Resolution No. 2019-048 upon the motion of Councilor Ayzel Mari Grace N. Macalino duly seconded by all the SP members present.
The SP resolution, passed on January 23, also expressed its deep condolences to the bereaved family of the late visionary business tycoon who passed away in his sleep on January 19 at the age of 94.
Described by Forbes as the richest man in the Philippines for 11 straight years until his death, Sy is also known as the “Father of Modern Philippine Retail Industry,” whose chain of malls change the country’s retail landscape, including this capital city.
The resolution said Sy is “a paragon of discipline, dedication and hard work” as it acknowledged his struggle to attain his vision.
“Whereas the city government of San Fernando hereby grants posthumous recognition and appreciation to the late Mr. Henry Sy who has shared an invaluable contribution in the economic development of the city and its suburbs having established and operated three SM malls – SM City Pampanga on November 11, 2000, SM City Downtown July 20, 2012 and SM City Telabastagan May 18, 2018.”
The Sy family was furnished a copy of the resolution.