President Marcos called Cebu Pacific’s (CEB) multi-billion dollar plan to acquire 152 A32neo aircrafts a “very good sign” for the Philippine economy as it can bring significant transformations. President Ferdinand 'Bongbong' Marcos Jr. during his meeting with Cebu Pacific officials...
JG Summit Holding Inc., the flagship of the Gokongwei Group, is aiming to grow its profitability over the next quarters despite the challenging business environment. JG Summit President Lance Gokongwei “While we remain cautious given short term headwinds from elevated fuel prices, interest and...
The Gokongwei Group’s property development arm Robinsons Land Corporation (RLC) plans to expand its residential, mall, and logistics businesses to the tune of P22 billion in capital expenditures. During the firm’s annual stockholders’ meeting, RLC President Lance Gokongwei said "In 2024, we...
Gokongwei-led JG Summit Holdings, Inc., one of the leading Philippine conglomerates, reported that its first quarter 2024 core net income soared 214 percent to P12.6 billion from P4.4 billion in the same period last year. In a disclosure to the Philippine Stock Exchange, the firm said this...
Robinsons Land Corporation (RLC) posted a 53 percent jump in attributable net income to P4.07 billion in the first quarter of 2024 from the same period last year due primarily to a one-time gain. In a disclosure to the Philippine Stock Exchange, the firm said that, excluding one-time gain on the...
Robinsons Land Corporation (RLC), the property development arm of the Gokongwei Group, has reduced its stake in RL Commercial REIT Inc. (RCR) to 50.05 percent after selling a 16 percent interest for P8.49 billion. The firm disclosed to the Philippine Stock Exchange (PSE) that it has completed the...
The Gokongwei Group’s flagship JG Summit Holdings Inc., one of the largest and most diversified Philippine conglomerates, reported that its core net income tripled to P19.6 billion last year from P6.2 billion in 2022. “This robust performance came from the significant turnaround in the...
Maria Rochelle S. Diaz, executive vice president for commercial of Shang Properties Inc., Wolfgang Krueger, executive director of Shang Properties Inc., Lance Gokongwei, chairman of Robinsons Land Corporation, Atty. Karlo Marco P. Estavillo, president of Shang Robinsons Properties Inc., Mybelle...
Robinsons Land Corporation (RLC) recently unveiled its P25-billion property project, The Jewel. Positioned to become an architectural icon, The Jewel will strategically occupy a 2.5-hectare site at the corner of EDSA and Pioneer Street in Mandaluyong City. Top row: Jericho P. Go, SVP and business...
Gokongwei Group's Universal Robina Corporation (URC) continues to expand SONEDCO, its sugar mill in Kabankalan, Negros Occidental, even as it has evolved to become an integral part of the town’s legacy and the core of the local economy. For over 35 years, SONEDCO has grown from being just a...
JG Summit Holdings President and CEO Lance Gokongwei is taking over the helm of real estate unit Robinsons Land Corporation (RLC) after Frederick D. Go resigned from the post to join the Marcos administration. In separate disclosures to the Philippine Stock Exchange (PSE), RLC and RL Commercial...
JG Summit Holdings Inc. (JGS), the flagship of the Gokongwei Group and one of the country’s leading conglomerates, reported that its core profits flew 129 percent to P14.9 billion for the first nine months of 2023 from P6.5 billion in the same period last year due to the record performance of...
