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This profile was last updated on 9/16/15  and contains information from public web pages.

Mr. Alfredo M. Yao

Wrong Alfredo M. Yao?


Philippine Chamber of Commerce and Industry

Employment History

  • Majority Owner
    Zest Air
  • President and Chief Executive Officer
    Zest Air
  • Chairman
    Zesto Corp.
  • President
  • President
    Philippine Chamber of Commerce
  • Chairman
  • Founder and Owner
  • President and Chief Executive Officer
    Zest Airways Inc.
  • Owner
    Zest Airways Inc.
  • Chairman
    Philippine Business Bank
  • Owner
    Philippine Business Bank
  • President
  • Chairman

Board Memberships and Affiliations


  • Master Entrepreneur award
200 Total References
Web References
PCCI president Alfredo Yao ..., 16 Sept 2015 [cached]
PCCI president Alfredo Yao said the economic slowdown in China should not worry investors looking at the Philippines as the country's economy has become resilient enough to withstand such shocks.
"We will be the least affected and we will be the first one to recover. The Philippines is doing very well in the past few years, hopefully it will continue. Our fundamentals are very good," he said.
Yao said PCCI is sticking with its forecast of a 6.5-percent Philippine economic growth by year-end.
Infrastructure projects and spending related to the country's hosting of APEC in November as well as the holding of national elections in 2016 are seen as factors driving growth, the PCCI official said.
"We have a seasonality so during the last quarter we normally do well. Another is that public spending is also expected to pick up," Yao said.
The country's gross domestic product (GDP) accelerated 5.6 percent in the second quarter of the year, lower than the government's expectations.
In its efforts to help fuel the country's economy, the PCCI signed yesterday a memorandum of agreement with the German-Philippine Chamber of Commerce and Industry (GPCCI) to promote and expand trade, economic, scientific, technological cooperation and other business relations between concerned organizations and firms of both parties.
"This agreement between PCCI and GPCCI is a very significant moment that takes into account the common aspiration of the business circles in the Republic of the Philippines and those of the Federal Republic of Germany to develop mutually beneficial relations, whether it be in trade, science and technology, innovative manufacturing, or transfer of knowledge and learning experiences in technology," Yao said.
Universal Access to Competitiveness and Trade - Think.Trade.Act. - Executive Board, 28 Aug 2015 [cached]
Ambassador Alfredo Macam Yao AMBASSADOR ALFREDO M. YAO Member, Executive Board Ambassador Alfredo Macam Yao was appointed by President Gloria Macapagal Arroyo as her Special Envoy to China for Tourism Cooperation.
In the business community, Ambassador Yao is known as av truly inspiring entrepreneur in almost all lines of business - from printing and packaging, beverages, exporting, beauty and personal care products, manufacturing, real estate to air travel, among others. Currently, he is the Chairman of Zest-O Corporation, President and CEO of Zest-Airways Corporation and Chairman of Philippine Business Bank and Vice Chairman of Export and Industry Bank. He is also the Founder and the Chairman of the Alfredo M. Yao Foundation, Incorporated (AMY Foundation, Inc.) which provides scholarship to deserving Filipino youth. Having the innate innovativeness, Zest-O Corporation was conferred as the Most Admired ASEAN Enterprise Award in the Innovation Category in Singapore in 2007.
Yao completes Airline ..., 5 Jan 2008 [cached]
Yao completes Airline buys The Yao Group of Companies has earmarked P3 billion to P4 billion to re-fleet its airline business after acquiring budget carriers Asian Spirit and South East Asian Airlines. Ambassador Alfredo Yao, chairman of Zesto Corp., said his group planned to buy at least five planes shortly to expand the operations of Asian Spirit and Seair after their merger. Yao, who is also chairman of Philippine Business Bank and director of Export and Industry Bank, told reporters his group bought Asian Spirit for around P1 billion and Seair for less than P1 billion.
Alfredo M. Yao, ..., 1 Mar 2014 [cached]
Alfredo M. Yao, newly-elected president of the Philippine Chamber of Commerce and Industry (PCCI), outlined the work program of PCCI for 2014-2015, which will focus on enabling Philippine companies to maximize benefits from the business opportunities created by a global economy.
Yao, who chairs Zest-O and the Philippine Business Bank and founder of Zest Air (now AirAsia Zest), said that the work program will focus on reducing the cost of doing business, ensuring a competitive fiscal regime, aligning human resource development with industry and international standards, promoting SME and business development, improving agriculture productivity and promoting a robust legal framework for investments.
Explaining PCCI's strategy for achieving these, Yao said, "PCCI will be closely engaging government and other development partners and stakeholders in our advocacies, projects and services aimed at increasing competitiveness, economic expansion, and jobs creation through quality investments and strong, diverse, economically viable industries and enterprises."
To ensure a more cohesive approach in carrying out its programmes, Yao urged PCCI's corporate members, industry associations, business councils and nationwide local chambers to get involved in PCCI's sectoral committees led by the PCCI Board.
Yao said their efforts to reduce the cost of doing business involves streamlining of business permits and licenses, improvements of transaction costs and flows through the National Single Window and Philippine business registry, and institutionalization of a strong investors' assistance office coordinated with government agencies and local government units.
Under the deal which was previously ..., 14 June 2013 [cached]
Under the deal which was previously announced in March, Alfredo Yao, owner of Zest Air, would receive US$16 million and a 13% share of Air Asia Philippines in exchange for Air Asia Philippines assuming 85% economic interest and 49% voting rights in Zest Air. Air Asia Philippines will also be acquiring Yao's Asiawide Airways completely taking a 100% stake.
Air Asia Philippines is now owned and controlled by a group of five shareholders. 40% is held by Malaysian businessman, Tony Fernandes, while the remaining 60% is split between Filipino owners: Maan Hontiveros, Antonio Cojuangco Jr, Michael Romero, and Alfredo Yao.
In an interview between the Philippine Inquirer and Alfredo Yao, majority owner of Zest Air, it was stated that the route proved to be quite popular for Taiwanese tourists especially during this time period.
Yao also reported that this 55-room Sol Marina Bay resort on Boracay was already starting to receive cancellations after the Taiwanese government issued a travel warning to its citizens about the Philippines.
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