Insider Spotlight
Cebu-based property developer and diversified business group AppleOne Group is sharpening its focus on long-term value creation for tourism and business as it strengthens corporate governance with the appointment of three independent directors to its board.
Why it matters
As tourism-led developments and mixed-use projects expand outside Metro Manila, companies with strong governance and financial discipline are better positioned to create sustainable economic value.
AppleOne’s move signals an institutional approach to growth, aligning capital allocation, risk management, and long-term regional development.
The big picture
The newly appointed independent directors bring decades of experience in banking, capital markets, and corporate governance.
Their collective expertise is expected to guide AppleOne as it scales developments that support tourism, commercial activity, and employment in key provincial hubs.
Rene J. Buenaventura, a veteran banking executive and certified public accountant, adds deep oversight in financial controls and governance.
Michael S. Chua, a former chief country officer of Deutsche Bank Philippines, brings experience in maintaining what the company describes as a “disciplined balance sheet.”
Stephen CuUnjieng, a senior investment banker with over 40 years of regional experience, contributes global capital markets insight to expansion strategies.
What they’re saying
In a press release, CuUnjieng highlighted the opportunity to support regional growth, saying, “It was an honor to join AppleOne’s board as it is unique and exciting to help a leader in developing tourism and business outside of Metro Manila. As my mother is Cebuana and having previously been associated with Cebu based companies it is an honor to assist again.”
Chua emphasized the company’s trajectory, stating, “I am delighted and honored to join the AppleOne Group, and I sincerely thank its founders Ray and Venus for inviting me to the board; the road ahead for AppleOne is exciting, and I look forward to working with the board and the rest of the team in contributing to its future growth.”
Buenaventura underscored his commitment to long-term value creation and active board engagement as AppleOne evolves into a more institutionally driven organization.
For tourism and business
AppleOne’s portfolio includes hospitality assets such as Sheraton Cebu Mactan Resort and mixed-use developments like the Mahi Center in Lapu-Lapu City, which integrates offices, retail, and a global hotel brand.
These projects are designed to generate recurring economic activity while supporting tourism infrastructure and local enterprises.
Looking ahead
Founder and chair Ray Go Manigsaca framed the governance push as foundational. “Our vision is to build an institution that will last for generations,” he said, noting that an empowered and independent board supports sustainable growth that can stand on its own.
With governance reforms in place, AppleOne is positioning itself to create enduring value for tourism, business, and communities across the regions it serves. —Vanessa Hidalgo | Ed: Corrie S. Narisma
