Joseph Calata

Last updated
Joseph Calata
Born (1980-07-31) July 31, 1980 (age 43)
Plaridel, Bulacan
NationalityFilipino
Other namesJosh
OccupationBusinessman

Joseph Calata (born July 31, 1980) is a Filipino businessman who served as the chairman and chief executive officer of Calata Corporation, [1] a company formerly listed on the Philippine Stock Exchange. He attended De La Salle University and finished with a Bachelor's degree in Management of Financial Institutions.

Contents

Life and career

Calata at the age of 31 became the youngest chairman and CEO of a publicly listed company in the history of the Philippine Stock Exchange when Calata Corporation (CAL) had its initial public offering in 2012 with a value of ₱2.7 billion. [2] CAL was among the few select 200 companies that were able to list in the PSE. [3] [4]

In 2017, he was among the panel of investors in a shark tank TV show featuring entrepreneurs presenting their business pitch to a panel of investors for funding.

Calata Corporation

CAL is primarily involved in livestock and agricultural business. On February 6, 2012, the Company amended its primary purpose as a prelude to its plans to create a subsidiary to handle its retail business, and on the same year had its first IPO. [1]

CAL has three operating segments namely, distribution, retail, and farming. CAL currently distributes agro-products, animal feeds, fertilizers, agro-chemicals, seeds, soya, meat, and swine livestock. Meanwhile, the Company’s retail operation is carried out through Agri Phil Corporation, a wholly-owned subsidiary. Agri Phil is engaged in the trade of feeds, agrochemicals, veterinary medicine, fertilizers and seeds. Lastly, for its farming segment, CAL undertook several projects, namely, Swine Livestock Breeder Farm, Broiler Breeder Farm, Broiler Growing Farm, and Swine Livestock Growing Farm. [5]

Controversies

Calata Corporation was ordered to be delisted by the Philippine Stock Exchange on November 3, 2017 for violations of PSE Disclosure and Delisting Rules. [6] [7] [8] [9]

On April 14, 2015, the Bureau of Internal Revenue filed a case against Joseph Calata for failure to supply correct and accurate information in his annual income tax return for 2011 with a tax liability of ₱144.49 million. [10] The case was dismissed on June 8, 2016 by the Department of Justice for insufficiency of evidence. [11] [12] [13]

On May 28, 2024, Calata and his corporate secretary Jose Marie Fabella were convicted by the Makati Regional Trial Court of violating the Securities Regulation Code by misleading investors to buy shares into a planned resort-casino complex in Cebu despite not having applied for a gambling license from PAGCOR in the first place. They were sentenced to pay P4 million in fines each or undergo imprisonment. [14]

Awards

In 2015, Calata won the Next Generation Global Franchise Leader award held at the International Franchise Association Franchise Convention, USA. [15]

Philanthropy

Calata donated ₱2 million to his alma mater, De La Salle University for its Agrivet Science Institute (AGSI) scholarship fund. [16]

He was one of the major investors for a training program offered by the Child Protection Network Foundation (CPN) and the University of the Philippines-Philippine General Hospital Child Protection Unit (PGH-CPU) which aims to equip participants with the proper knowledge, competence, and attitude in child abuse diagnosis and intervention. [17]

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References

  1. 1 2 "Calata Corporation". PSE Edge.
  2. ↑ Dumlao, Doris C. (2012-02-24). "Agri products distributor to list on local stock exchange". INQUIRER.net. Retrieved 2023-06-24.
  3. ↑ Enriquez, Marge C. (2014-06-22). "Joseph Calata gets so far so fast". INQUIRER.net. Retrieved 2023-06-24.
  4. ↑ Concepcion, Joey. "Partners in our mission". Philstar.com. Retrieved 2023-06-24.
  5. ↑ Lina, Odelinne Jan (2017-06-27). "Calata starts greenhouse farm in Cavite". INQUIRER.net. Retrieved 2023-06-24.
  6. ↑ "2019 Press Release SEC - Affirms-Delisting Calata" (PDF). SEC.
  7. ↑ Inquirer, Philippine Daily (2021-07-05). "PSE to get rid of dormant listed firms". INQUIRER.net. Retrieved 2023-06-24.
  8. ↑ Ocampo, Karl Angelica R. (2017-11-04). "PSE asked to rethink Calata's delisting". INQUIRER.net. Retrieved 2023-06-24.
  9. ↑ "PSE approves Calata Corp. delisting". Philstar.com. Retrieved 2023-06-24.
  10. ↑ Gonzales, Iris. "Lessons from the Calata case". Philstar.com. Retrieved 2023-06-24.
  11. ↑ "Tax evasion raps vs. Calata dismissed". INQUIRER. 5 September 2016.
  12. ↑ "DOJ junks tax evasion raps vs. Joseph Calata, Agri Phil Corp". CNN PHILIPPINES. Archived from the original on March 29, 2023.
  13. ↑ Dumlao-Abadilla, Doris (2016-09-05). "Tax evasion raps vs. Calata dismissed". INQUIRER.net. Retrieved 2023-06-24.
  14. ↑ "Businessman Joseph Calata found guilty of misleading investors on Cebu casino project". Rappler . June 4, 2024. Retrieved June 4, 2024.
  15. ↑ "2 Pinoys win Global NextGen in Franchising Award". NEWS.ABS-CBN.COM.
  16. ↑ "Mr. Joseph Calata Donates P2M to AGSI" (PDF). DLSAU.EDU.PH.
  17. ↑ "Child Protection Network Report" (PDF).


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