Age, Biography and Wiki
Chito Narvasa (Andres Y. Narvasa, Jr.) was born on 18 October, 1956 in Philippines, is a President - COCOGEN Insurance. Discover Chito Narvasa's Biography, Age, Height, Physical Stats, Dating/Affairs, Family and career updates. Learn How rich is He in this year and how He spends money? Also learn how He earned most of networth at the age of 68 years old?
Popular As |
Andres Y. Narvasa, Jr. |
Occupation |
President - COCOGEN Insurance |
Age |
68 years old |
Zodiac Sign |
Libra |
Born |
18 October 1956 |
Birthday |
18 October |
Birthplace |
Philippines |
Nationality |
Philippines |
We recommend you to check the complete list of Famous People born on 18 October.
He is a member of famous with the age 68 years old group.
Chito Narvasa Height, Weight & Measurements
At 68 years old, Chito Narvasa height not available right now. We will update Chito Narvasa's Height, weight, Body Measurements, Eye Color, Hair Color, Shoe & Dress size soon as possible.
Physical Status |
Height |
Not Available |
Weight |
Not Available |
Body Measurements |
Not Available |
Eye Color |
Not Available |
Hair Color |
Not Available |
Dating & Relationship status
He is currently single. He is not dating anyone. We don't have much information about He's past relationship and any previous engaged. According to our Database, He has no children.
Family |
Parents |
Not Available |
Wife |
Not Available |
Sibling |
Not Available |
Children |
Not Available |
Chito Narvasa Net Worth
His net worth has been growing significantly in 2022-2023. So, how much is Chito Narvasa worth at the age of 68 years old? Chito Narvasa’s income source is mostly from being a successful . He is from Philippines. We have estimated
Chito Narvasa's net worth
, money, salary, income, and assets.
Net Worth in 2023 |
$1 Million - $5 Million |
Salary in 2023 |
Under Review |
Net Worth in 2022 |
Pending |
Salary in 2022 |
Under Review |
House |
Not Available |
Cars |
Not Available |
Source of Income |
|
Chito Narvasa Social Network
Timeline
After his time as the Commissioner of the PBA, Narvasa returned to his executive duties as the president and CEO of AYN Resource Management Group. In August 2018, he was appointed by President Rodrigo Duterte as part of the board of directors of United Coconut Planters Bank (UCPB). He now serves as the president of UCPB General Insurance Company, Inc. (COCOGEN).
During his tenure, the PBA broke its game attendance records for a finals game. Games five, six and seven of the 2017 Governors' Cup Finals between Barangay Ginebra San Miguel and the Meralco Bolts were all held at the Philippine Arena. On October 22, 2017, Game 5 set the all-time PBA finals attendance record of 36,445, breaking the previous record of 23,436 fans during Game 3 of the 2013 Commissioner's Cup between Alaska and Barangay Ginebra. The Game 5 record was later broken three days later on October 25 as 53,642 fans watched Game 6 of the Governors' Cup Finals. The record also broke the all-time PBA attendance record of 52,612, set during the opening of the 2014–15 season on October 19, 2014. The record was surpassed on October 27, 2017 during Game 7 of the Governors' Cup finals as 54,086 fans watched the series-clinching game between Barangay Ginebra and Meralco.
On October 27, 2017, Narvasa approved the trade proposal that sent Kia Picanto's first round pick (first overall) in the 2017 draft, which is used to draft Christian Standhardinger, in exchange of Ronald Tubid, Jay-R Reyes, Rashawn McCarthy and San Miguel's 2019 first round draft, with minimal revisions from the original trade proposal that originally involving Keith Agovida, Reyes, McCarthy and a San Miguel draft pick. The trade proposal already earned the ire of the fans as well as Wilfred Steven Uytengsu, team owner of the Alaska Aces, and Dioceldo Sy, team owner of the Blackwater Elite, since Kia is trading their opportunity to pick a potential starter in exchange of role players.
TNT management then released a statement hours after the 2017 draft concluded, blasting Narvasa for being biased and questioned his credibility as the league's commissioner. TNT also clarified that the actions done by Magnum Membrere when submitting Standhardinger's draft application papers were done as the representative of Gilas Pilipinas.
On November 2, 2017, seven members of the PBA Board of Governors passed a resolution stating that they will no longer support or endorse the renewal of Narvasa's tenure as commissioner due to "loss of confidence". Representatives from Alaska, Blackwater, Meralco, NLEX, Rain or Shine, Phoenix and TNT attended a special board meeting on November 2 that passed this resolution. According to the passed resolution, Deputy Commissioner and Technical Head Rickie Santos will be the league's officer-in-charge while the board will still tackle who will replace Narvasa as commissioner. The group also reached out to the five teams that were unable to attend the meeting but they received no response from their team governors.
Narvasa submitted his resignation letter, hours before the opening of the 2017–2018 PBA season on December 17, 2017. The board however asked Narvasa to stay until December 31, 2017 to have a smooth transition to his successor. PBA media bureau chief Willie Marcial will serve as officer-in-charge effective January 1, 2018, until Narvasa's successor will be named. Marcial eventually became the tenth commissioner of the PBA on January 25, 2018.
On March 7, 2016, Narvasa was appointed as Chief Executive Officer of the PBA, replacing officer-in-charge Robert Non, which gave Narvasa a dual role as the CEO and commissioner of the league. However, CEO position was dissolved before the start of the 2016 Governors' Cup.
Narvasa hastily issued a lifetime ban on TNT import Ivan Johnson on February 13, 2016, after Johnson cursed Narvasa as the former was leaving the playing court after being ejected for incurring his second flagrant foul penalty one at the 2nd quarter of their game against Meralco during the 2016 Commissioner's Cup. The decision was announced during the game's halftime break. The penalty was downgraded into a season ban and P150,000 after Johnson voluntarily appeared on February 17 before Commissioner Narvasa and personally apologized for the infraction during the TNT-Meralco game.
On March 31, 2016, Narvasa issued a memorandum order that prevent players who have boy-cut hairdos to play in the PBA Women's 3x3 Basketball tournament, the memorandum has received negative feedback from the players and the Gabriela's women's group for being "discriminatory". Commissioner Narvasa defended the league's decision to ban boy-cut hairdos in the women's league.
In response, the seven teams that met on November 2, issued a statement the following day to clarify that they did not move to remove Narvasa as the commissioner, but they only stated that they would not support a renewal of his tenure, which expired at the end of the 2016-17 season. The statement also said that Narvasa is clearly aware that his term renewal is on a yearly basis as indicated to the Meeting Minutes of the Board and upon assuming the COO (commissioner) post in 2015. The action the seven governors made on November 2 is to prevent Narvasa's re-appointment, which needs two-thirds votes (8 out of 12), which obviously Narvasa will not get given the non-support of the majority.
On May 14, 2015, Narvasa was appointed as the ninth league commissioner via a unanimous 12-0 vote by the PBA Board of Governors. He took the post vacated by Chito Salud, who would serve as the first PBA president and chief executive officer (CEO). He officially took over from Salud on August 1, in time for the Rookie Draft of the 2015–16 PBA season.
Narvasa's first order of business as commissioner was to look into league's officiating, which has been a source of controversy in the past years. Hours before the 2015 draft, he issued an order to teams disallowing trading of players and draft picks during draft day, but would be done in the next few days after the draft. Before the start of the 2015-16 PBA season, he introduced some changes in officiating, particularly on deliberate fouls, as well as adapting the referee substitution rule and FIBA's rule of 14-second shot clock reset after offensive boards.
In November 2015, when asked by reporters about Mahindra Enforcers playing-coach Manny Pacquiao's no-show during the Alaska-Mahindra overseas game in Dubai, he quoted as saying that Pacquiao was feeling under the weather, has had prior engagements, and that he is not a basketball player but a boxer, yet he still acknowledged Pacquiao's value to the league as a sports personality who can draw crowds to the game. Such comments he gave to Dubai-based Gulf News angered Mahindra team consultant Joe Lipa, who defended Pacquiao and accused Narvasa's remarks as degrading and uncalled for. Narvasa made a mandatory summon over Lipa's remarks, but Lipa did not honor it. As a consequence, he suspended Lipa from attending Mahindra games.
On December 5, 2015, Ginebra team governor Alfrancis Chua was caught vaping inside the arena on national television, which prompted the Department of Health and other anti-smoking advocates to talk to Commissioner Narvasa regarding his unhealthy and unethical actions. As a result of the incident, Narvasa only admonished Chua, but gave him a warning, after the latter apologized for his actions.
On December 29, 2015, he handed down bans on both referees Edward Aquino and Rommel Gruta for the rest of the PBA Philippine Cup conference, even when the two officials admitted lapse on officiating - a non-call on a supposed five-second violation and a stepping infraction on GlobalPort guard Stanley Pringle in the final play of an 84-83 overtime win over Ginebra two days before.
During Narvasa's tenure as commissioner he issued fines from violating coaches and players, from small violations such as pulling down shorts during the game to severe technical fouls, more than his predecessors. He is also known on pointing fingers, notably at Dondon Hontiveros during a scuffle in the GlobalPort-Alaska semifinals game in the 2015-16 Philippine Cup. The game also had 16 technical fouls called, the most in any single PBA game in history.
In addition to his involvement in the Philippines' basketball scene, Narvasa is also an expert in the field of finance. He served as the chief trader in various firms in the United States in the '80s, after which he came back to the Philippines to serve as an executive in multiple financial firms. He was also a lecturer at the Ateneo BAP - Institute of Banking from 1996 to 2003. In the year 2000, he put up his own consultancy firm, the AYN Resource Management Group where he served as the president and CEO. He also served as the Vice-Chairman and CEO of Citystate Savings Bank from 2014 to 2015, after which he became PBA Commissioner.
Narvasa coached the Shell and Purefoods franchises in the PBA from 1995 to 1998. He was also the president of the Basketball Coaches Association of the Philippines (BCAP).
Narvasa, along with his brother, Ogie, played for the Ateneo Blue Eagles. The Narvasa brothers were also part of the Philippine national teams of 1977 and 1978. They jointly coached the Blue Eagles from the early to late 1980s.
Andres "Chito" Y. Narvasa, Jr. (born October 18, 1956) is a Filipino business executive and former basketball player and coach. He is best known as the ninth commissioner of the Philippine Basketball Association.