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 GokongweiGokongwei-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...
MSCI Inc., a leading provider of critical decision support tools and services for the global investment community, is moving JG Summit Holdings Inc. and subsidiary Universal Robina Corporation from its large cap to the small cap index.Based on the results of the MSCI’s February 2025 Index review,...
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...
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...
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"...
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...
JG Summit Holdings Inc. (JGS), the Gokongwei Group’s diversified conglomerate, posted a 16 percent year-on-year (YoY) improvement in net income to P17.9 billion for the first nine months of 2024.The firm said in a disclosure to the Philippine Stock Exchange (PSE) that higher earnings came on the...
JG Summit Holdings Inc. (JGS), the flagship of the Gokongwei Group, reported a 43 percent jump in consolidated attributable net income to P14.8 billion in the first half of 2024 from the same period last year.In a disclosure to the Philippine Stock Exchange (PSE), the firm said it generated a 99...
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...
