Tan Holdings Corporation
Tan Holdings Corporation is a holdings company with operations in Guam, USA, in the Commonwealth of the Northern Mariana Islands (CNMI), which is also a territory United States, in the Federated States of Micronesia, Palau, and more recently, in Papua New Guinea.
Established in Saipan in 1991, Tan Holdings Corporation serves as the umbrella organization to businesses established as early as 1972 in Guam by the Tan family, led by its patriarch, Dr. Tan Siu Lin, who sits as Chairman of the Board.
From its first company in 1972 which distributed films to local cinemas, Dr. Tan Siu Lin with the support of his wife Lam Pek Kim and their children, built their business to include real estate and shipping. Today, the family-run business has evolved to include cargo airlines, commercial fishing, ground handling service, hotels, information technology, financial services, logistics services, publishing, retail and wholesale distribution, amusement, and fast food.
Jerry Tan, third son to Dr. Tan Siu Lin and Lam Pek Kim, and who is based in Saipan, serves as the company's COO and President. He has , for the past decade or so, been heading the company's activities and thrusts across the western pacific. The company’s Executive Vice-President is George Chiu, who is based in Guam.
In the 1980s-1990s, at the height of the garments industry in Saipan, the Tan family's gaments operations were one of the largest on-island. However, in 2005 when the garment quota on China was lifted, factories in Saipan began to shift operations back to China, where labor was much cheaper. Saipan saw the last of its factories close down in 2008.
In 2002, Tan Holdings Corporation established the Tan Holdings Foundation, an organization whose sole existence was to promote and support the philantrophic efforts and aspirations of Dr. Tan Siu Lin and his family.
In 2003, Jerry Tan was awarded Business Person of the Year by the Saipan Chamber of Commerce, and in 2004, as Employer of the Year by the CNMI Society of Human Resource Management (SHRM).
With the loss of garments manufacturing as a key industry, Tan Holdings shifted its focus to tourism, heavily investing in the industry and promoting the islands to China, Korea and Russia, as well as to the CNMI's traditional market, Japan.
In 2009, Jerry Tan was awarded the 2009 Executive of the Year by Guam Business News. The award is given to outstanding businessmen in recognition of their success and significant contributions to the Guam community through civic and humanitarian activities.
Today, Tan Holdings Corporation continues to be one of the leading companies in the region. The TSL Foundation over the years, has given millions of dollars in donations and contributions in areas of education, sports, livelihood and for calamity response.