The Gokongwei Group’s food and beverage unit, Universal Robina Corp. (URC), has begun operations at its Malvar Mega Plant—designated as its “factory of the future”—as part of its long-term growth strategy. “For 70 years, URC has taken pride in delighting generations of consumers with...
JG Summit Holdings Inc., the investment arm of the Gokongwei family, reported a 37 percent decline in consolidated core net income to ₱13 billion for the first half of 2026, hit by the sharp drop in Cebu Air Inc.’s earnings following the surge in jet fuel prices during the second quarter. The...
You will not find the third generation of Gokongweis in the boardroom—they are testing food formulas in research laboratories, managing animal feed mills in Cebu, and supervising operations on factory floors. For the four cousins currently working inside JG Summit Holdings Inc. and its affiliate...
Under a downpour at Pasig’s Victor Podium, three generations of the Gokongwei family unveiled a street sign bearing the name of the man who started it all. The dedication of John Gokongwei Jr. Boulevard ahead of the late industrialist’s centennial on Aug. 11 honors his wartime journey that...
Billionaire Lance Y. Gokongwei will join the board of directors of PhilWeb Corp., entering the gaming and technology firm alongside a new independent director following his ₱2 billion investment for a 15 percent stake. PhilWeb disclosed to the Philippine Stock Exchange that directors Susana C....
Tycoon Lance Y. Gokongwei has made a ₱2.03-billion personal investment in gaming firm PhilWeb Corp., equivalent to up to 15 percent of its expanded outstanding common shares. In a disclosure to the Philippine Stock Exchange (PSE) on Wednesday, June 24, PhilWeb said it has entered into a...
Gokongwei-led conglomerate JG Summit Holdings Inc. is implementing austerity measures and recalibrating its pricing strategies as geopolitical volatility in the Middle East threatens to erode margins across its aviation and consumer units. Lance Y. Gokongwei, JG Summit president and chief...
Robinsons Retail Holdings Inc. (RRHI), the retail arm of the Gokongwei family’s business empire, is seeking to voluntarily delist from the Philippine Stock Exchange (PSE) following the proposed ₱18.37 billion tender offer by its controlling shareholder. In a disclosure to the PSE, the firm...
JG Summit Holdings Inc. (JGS), the flagship of the Gokongwei Group, posted a three-percent improvement in recurring income last year but suffered a net loss of ₱87.9 billion due to losses related to the shutdown of its petrochemical business. In a disclosure to the Philippine Stock Exchange (PSE)...
Antitrust watchdog Philippine Competition Commission (PCC) has approved the ₱146-million acquisition by Robinsons Retail Holdings Inc. (RRHI) of Premiumbikes Corp., a motorcycle retailer in the Philippines owned by Lance Gokongwei. In a resolution dated Nov. 6, 2025, PCC cleared RRHI’s planned...
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....
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...
