Career
Shortly after his graduation, Cabangon–Chua worked at an accounting firm. He then opened Filipinas Pawnshop in 1958. He worked on and eventually became one of the country's millionaires, and in 1974, he established a flagship company, ALC Commercial and Industrial Corporation.[1]
His business interests include real estate, hotel, broadcasting, print media, banking and insurance. He founded Citystate Savings Bank, Fortune Life Insurance Co. Inc., Eternal Plans, Citystate Properties and Management Corp., and Isuzu GenCars, Inc.[5][6]
"Ka Tony" Cabangon-Chua was also a tri-media magnate, having owned some business interests related to media, including newspaper BusinessMirror, tabloid Pilipino Mirror, magazines Philippine Graphic Weekly, View and Cook, and the radio network Aliw Broadcasting Corporation that operates AM radio station DWIZ and FM radio station Home Radio 97.9.
He was also the chairman of Nine Media Corporation, the media company behind CNN Philippines (now RPTV, in partnership with TV5 Network) and Radio Philippines Network, as he acquired the 34% stake of RPN from Solar Entertainment Corporation in 2014 due to the Tieng's loss of revenue after investing on RPN.[7] He was also the chairman and president of the Catholic Mass Media Awards Foundation, appointed by former Manila archbishop Cardinal Jaime Sin from 2000 until his death.[8]
In October 2014, Cabangon–Chua led the successful negotiations between the TV network and CNN International, that paved way for the launch of CNN Philippines, a free-to-air TV news channel aired on RPN-9.[9]
In 2015, the Kapisanan ng mga Brodkaster ng Pilipinas (KBP) awarded Cabangon-Chua with the Lifetime Achievement Award for his remarkable contributions in the broadcasting business as the founder and chairman emeritus of ABC.[10]
On the same year, the Catholic Mass Media Awards confers the Special Award for Devoted Service to the Church through the Mass Media award to Cabangon-Chua.[11]
Government career
- During the presidency of Gloria Macapagal-Arroyo, Cabangon–Chua served as the Philippine ambassador to Laos (January 2003–August 2004).[1][12]