MANILA, Philippines – Jacob Ang, son of billionaire Ramon S. Ang, was appointed president of SMC Asia Car Distributors Corp. (SMCACD), the country’s exclusive distributor of BMW vehicles. In a statement, SMCACD said Jacob Ang’s appointment was effective on Monday. He succeeds Spencer Yu, who headed BMW Philippines for seven years. READ: San Miguel to take 65% stake in BMW distributor “Jacob’s leadership and fresh perspective will help us further strengthen BMW’s presence in the Philippines,” said Ramon Ang, chair of SMCACD. For his part, Jacob recognized it was an “exciting time” for the premium vehicle industry in the Philippines. […]... Keep on reading: Jacob Ang is new BMW Philippines president