Francisco "Paco" D. Magsaysay, ME 2008 received the Small Business Entrepreneur Award in The Entrepreneur of the Year Philippines 2022 awarding ceremony held on November 21, 2022 at the Grand Hyatt Manila.
Magsaysay, CEO of Carmen’s Best Dairy Products, Inc., received the Small Business Entrepreneur Award for best demonstrating management excellence in a business with assets (excluding land) of less than P100 million in value. He started Carmen’s Best from his garage, and now it is the first artisanal ice cream brand to become a household name, distributed through 400 channels and served on multiple airlines.