Busi­ness icon Washington SyCip passes away

Sun.Star Cagayan de Oro - - Top Stories -

Re­spected busi­ness icon and phi­lan­thropist Washington SyCip passed away while on a flight to Van­cou­ver, Canada from Manila Satur­day night, Oc­to­ber 7. He was 96.

SyCip founded SGV & Co., the coun­try's largest pro­fes­sional ser­vices firm.

In his au­tho­rized bi­og­ra­phy writ­ten by Jose Dal­isay in 2009, SyCip was de­scribed as "one of the fore­most prac­ti­tion­ers of ac­count­ing in the Philip­pines and Asia, as well as a prime ad­vo­cate of closer co­op­er­a­tion be­tween the Philip­pines, the United States, Europe and Asia."

He started SGV as a one­man ac­count­ing ven­ture in 1946, while the coun­try was re­cov­er­ing from the ru­ins of World War II. He later part­nered with boy­hood friend Al­fredo Ve­layo. SGV stands for SyCip, Gor­res and Ve­layo.

Af­ter he re­tired from SGV in 1996, he con­tin­ued to men­tor younger ac­coun­tants, was ac­tive in civic en­deav­ors, and played an ac­tive role as mem­ber of the board of sev­eral com­pa­nies and foun­da­tions.

His ad­vo­ca­cies in­cluded the im­prove­ment of pub­lic ed­u­ca­tion, mi­cro fi­nance and en­trepreneur­ship, and pub­lic health, Dal­isay wrote.

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