DHL Summit Solutions Inc. (DSSI), the joint venture (JV) between DHL Supply Chain APAC and JG Summit Holdings Inc., has acquired 45 new electric vehicles (EVs) and prime movers to strengthen its last-mile delivery business in the Philippines. The firm said the inauguration of its EV fleet marked...
Reduced liabilities from its mothballed petrochemical unit, combined with stronger performances in travel and real estate, helped propel core earnings at JG Summit Holdings Inc., the country’s second-largest conglomerate by market value. In a disclosure to the Philippine Stock Exchange, JG Summit...
Six years after his father’s passing, businessman Lance Gokongwei shared a deeply personal tribute to John Gokongwei Jr., revealing the origins of the business titan’s powerful commitment to education. The remembrance focused on how a young John Gokongwei Jr.’s life was dramatically altered....
Doubts have been raised whether Gokongwei flagship JG Summit Holdings Inc. (JG Summit) can easily sell its petrochemicals business, JG Summit Olefins Corp. (JGSOC), in light of the number of distressed giant petrochemical companies in the region that are “in the same boat.” “There is no...
Gokongwei-led JG Summit Holdings Inc. (JGS) reported that its net income inched up in the first half of 2025 due to the strong performances of its subsidiaries coupled with tapering losses in its petrochemical business, which was closed this year. In a disclosure to the Philippine Stock Exchange...
In the late 2000s, Philippine business saw an intense corporate war as two of the country 's most aggressive conglomerates, Metro Pacific Investment Corp. (MPIC) of Manuel V. Pangilinan and San Miguel Corp. (SMC) of Ramon S. Ang, went to war for a single asset: Manila Electric Co. (Meralco)....
JG Summit Holdings, Inc., the flagship conglomerate of the Gokongwei Group, has improved its standing in the second annual Fortune Southeast Asia 500 list for 2025, a recognition that coincides with the conglomerate 's 35th-anniversary celebration this year. JG Summit ascended to No. 50 from...
JG Summit Holdings, Inc. (JGS), the flagship of the Gokongwei Group, is directly shouldering the debts of its petrochemicals subsidiary which will soon be letting go of its workers due to its two-year plant shutdown and possible disposal. During the firm’s annual stockholders’ meeting, JG...
JG Summit Holdings, Inc. (JGS), the flagship of the Gokongwei Group, is optimistic that its revenues and core earnings will continue to improve this year although shutdown costs of its petrochemical plant took a sizeable bite out of profits. “We are hopeful that the encouraging trends we are...
The Gokongwei Group is increasing its investments for its real estate and food and beverage units while investments for aviation drops as it expects fewer aircraft and engine deliveries. JG Summit Holdings Inc. said the sharply lower capital expenditures of Cebu Air Inc., down 49 percent to P33...
JG Summit President and CEO Lance Gokongwei Gokongwei-led JG Summit Holdings Inc. (JGS), one of the Philippines’ largest and most diversified conglomerates, reported a 29-percent year-on-year growth in core profits to ₱24.9 billion in 2024. In a disclosure to the Philippine Stock Exchange, the...
James L. Go, Chairman of the Gokongwei Group’s flagship JG Summit Holdings Inc., has been bargain-hunting and scooped up ₱48.13 million worth of shares of subsidiaries Robinsons Retail Holdings Inc. (RRHI) and Universal Robina Corporation (URC) this week. As stock analysts are optimistic about...
