DepEd recognizes partnerships with ALC Group member companies

Philippines Graphic
By Philippines Graphic
Vice President of the Philippines and Department of Education (DepEd) Secretary Sara Z. Duterte together with DepEd Undersecretary for Legislative Affairs and Partnership Atty. Gerard L. Chan pose with representatives from the ALC Group of Companies, namely (seated, from left) CSBank APDS Loans Area Head Anthony Pascual, APDS Loans Head Dennis Mancilla, Fortune Life AVP-Corporate Communications Floreda C. Constantino, and SVP-Group Sales and Related Contracts Virgilio S. Aquino

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The Department of Education (DepEd), headed by Vice President Sara Z. Duterte, concurrent DepEd Secretary, awarded Certificates of Partnership to CSBank (Citystate Savings Bank) and Fortune Life Insurance Co. Inc., two member companies of the ALC Group, during DepEd’s Partners Appreciation Program held on Dec. 13, 2022, at the Wack Wack Golf and Country Club in Mandaluyong City.

The certificates were in recognition of the companies’ continued support for basic education.

Last Nov. 14, CSBank and Fortune Life hosted a stakeholders and partners meeting for the External Partnership Service of the Department of Education to call for support for schools affected by typhoons. It was held at the Citystate Tower Hotel in Manila, another member company of the ALC Group.

DepEd Undersecretary for Legislative Affairs and Partnerships Atty. Gerald L. Chan also met with CSBank and Fortune Life Insurance senior officers during the pre-event to discuss possible partnerships to help the department rebuild schools and support their projects and programs.

In a statement, ALC Group chairman D. Edgard A. Cabangon thanked DepEd for the recognition and expressed full support for the department’s projects through various partnerships with the member companies of the ALC Group. “We extend our heartfelt gratitude to the Department of Education, especially to DepEd Secretary and our Vice President Sara Duterte, for these Certificates of Partnership presented to our member companies, CSBank and Fortune Life Insurance. We are happy to help DepEd in achieving its goals by supporting its projects in all the ways that we can,” said Cabangon. The ALC Group was founded by the late Ambassador Antonio L. Cabangon Chua.

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Started in 1927, the Philippines Graphic is the longest-running printed magazine of national circulation that provides relevant news and features and promotes Philippine literature.

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