JG Summit Holdings Inc., the flagship of the Gokongwei Group, has announced the shutdown of its petrochemical business, JG Summit Olefins Corporation (JGSOC), due to substantial losses incurred amid challenging market conditions. In a statement, JGSOC said, "Given persisting unfavorable market...
A University of the Philippines (UP) geologist, whose research focused on assessing earthquake fault potential using satellite technology, represented Southeast Asia at this year's Global Young Scientists Summit (GYSS). Dr. John Dale Dianala of UPD-CS NIGS represented UP Diliman at the GYSS 2025...
The Philippines would need at least P22 billion to prepare for the hosting of the Association of Southeast Asian Nations (ASEAN) summit in 2026, a Palace official bared. President Ferdinand 'Bongbong' Marcos Jr. (Photo courtesy of Malacañang) Executive Secretary Lucas Bersamin revealed this...
19th PropertyGuru Asia Property Awards in Bangkok, Thailand (Photos courtesy of PropertyGuru) The 19th Annual PropertyGuru Asia Property Awards Grand Final, held on December 13 at The Athenee Hotel in Bangkok, Thailand, celebrated the best of Asia’s real estate industry. Supported by V-ZUG...
JG Summit Holdings Inc., the flagship of the Gokongwei Group, is planning a temporary shutdown of its petrochemical business in the hope of reducing its operational losses. “Management noted that the petrochemical industry continues to face significant challenges, marked by continued softness in...
Hari V. Krishnan, CEO and managing director of PropertyGuru Group (Photos courtesy of PropertyGuru) The cities we inhabit—where we live, work, and play—are brought to life through the vision and determination of property developers. From homes and offices to leisure hubs, these developments go...
JG Summit Holdings Inc., the flagship of the Gokongwei family, reported that Lisa Gokongwei-Cheng has resigned as Chief Digital Officer of the company, effective Jan. 1 next year due to a leadership reorganization. In its disclosure to the Philippine Stock Exchange (PSE), the firm said...
JG Summit Holdings Inc., the flagship of the Gokongwei Group, is considering various options to reduce its exposure to the massive losses of its petrochemical business—including possible divestment. According to Abacus Securities Corporation, JG Summit "implied that all options are on the table"...
U.S. President Joe Biden, Indian Prime Minister Narendra Modi, Canada's Prime Minister Justin Trudeau and Indian Prime Minister Narendra Modi react, as world leaders gather for a group photo during the G20 summit in Rio de Janeiro, Brazil, Tuesday, Nov. 19, 2024. (Leah Millis via AP, Pool) ...
G20 – G20 leaders take part in a Family Photo at the G20 Summit in Rio de Janeiro, Brazil on Monday, Nov. 18, 2024. Prime Minister Justin Trudeau, U.S. President Joe Biden, and Italian Prime Minister Giorgia Meloni were not present for the photo. THE CANADIAN PRESS/Sean Kilpatrick/The...
The Asia-Pacific Economic Cooperation (APEC) has intensified its push for its own free-trade agreement among its 21 member-economies to complement as well as fill in the gaps of existing FTAs in the region. The 2024 APEC Leaders' Machu Picchu Declaration in Lima, Peru, last Nov. 16 also committed...
Lance Gokongwei, President and CEO of JG Summit Holdings, Inc., is the recipient of the 2024 EY-Bank of Singapore Asean Entrepreneurial Excellence Award. Gokongwei is recognized for his exemplary leadership and significant contributions to the Southeast Asian business landscape. Businessman...
