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News and Events

Gokongwei Group Launches P2.6B Fund To Invest in Digital Startups

JG DEV aims to support the region's next round of unicorns

In its bid to ride on the growing startup ecosystem in the region, diversified listed conglomerate JG Summit Holdings Inc. (JGSHI) has launched its own venture capital (VC) firm, Friday, May 10, with fresh funding worth $50 million or more than P2.6 ...

by Elyssa Christine Lopez for Esquire Philippines and Sasha Lim Uy for Esquiremag.ph  | May 11, 2019 08:00:00
News and Events

Lance Gokongwei Recalls How He and His Siblings Worked Their Way From the Bottom

"I worked harder than anybody else to prove that I wasn't just the son of the boss"

On April 30, 2019, JG Summit Holdings Inc. President and CEO Lance Gokongwei left the graduating class of the Pamantasan ng Lungsod ng Valenzuela inspired with anecdotes of how he and his siblings independently worked their way to the top. In his ...

by Hannah Lazatin for TownandCountry.ph  | May 04, 2019 08:00:00
News and Events

JG Summit-Backed Fintech Unit OKs Loans In 10 Minutes, Releases Proceeds in Half Hour

Will Cashalo become the McDonald's of lending?

According to the latest Financial Inclusion Survey by the Bangko Sentral ng Pilipinas (BSP), the proportion of Filipino adults with outstanding loans fell from 47.1 percent in 2015 to only 22.3 percent in 2017.However, the reason isn’t that fewer Filipinos needed to ...

by Lorenzo Kyle Subido  | October 24, 2018 08:00:00
News and Events

Cebu Pac Turns 2 Planes to Freighters Ahead of Coming Boom in Logistics and E-Commerce

Cargo makes up only a tenth of budget airline's business but is the fastest-growing

Cebu Pacific Air announced it is converting its two ATR 72-500 passenger aircraft into freighter planesAfter gaining market dominance in affordable domestic transport of people on air, the country’s biggest budget airline, Cebu Pacific Air, is now positioning itself to benefit from ...

by Elyssa Christine Lopez  | July 04, 2018 10:00:00
News and Events

JG Summit's Fintech Unit Rolls Out Mobile App for Fast and Easy Cash Loans

Conglomerate urges employees to try Oriente Express’ Cashalo app and provide feedback

JG Summit Holdings Inc. President and CEO Lance Gokongwei said Cashalo is meant to "transform the lives of millions of underserved people in the Philippines through financial awareness and independence”After money transfers, payments and checking of bank account balances, Filipino smartphone users will soon ...

by Elyssa Christine Lopez  | June 07, 2018 06:00:00
News and Events

Say Goodbye to Super Cheap Plane Fares as Fuel Costs Rise and Peso Weakens

Budget carrier Cebu Pacific files petition to collect aviation fuel surcharge

Airplane tickets for domestic and foreign travel may start getting pricier as the country’s two largest airlines, low-cost carrier Cebu Pacific Air and full-service carrier Philippine Airlines (PAL), have applied for the imposition of the fuel surcharge in airfares to authorities to ...

by Elyssa Christine Lopez  | May 29, 2018 04:00:00
News and Events

Lance Gokongwei is New CEO of JG Summit Holdings

Conglomerate also announced appointment of non-family member as new president of URC

Lance Gokongwei has been appointed as the new chief executive officer of JG Summit Holdings Inc., one of the country’s leading business conglomerates founded by his father, John Gokongwei Jr., the company disclosed on April 25.John Gokongwei Jr. is the country’s second ...

by Elyssa Christine Lopez  | April 27, 2018 02:00:00
Startup Tips

Dad and Me: Children of Leading PH Tycoons Recall Lessons from Their Fathers

Apart from building business empires, these moguls also served as inspiring teachers to their children

Many of the Philippines’ largest business conglomerates today were founded after World War II by pioneering entrepreneurs who foresaw the vast potential ahead as the country emerged from colonial rule and war.Currently serving as strong pillars of the economy, these enterprises, which ...

by Elyssa Christine Lopez and Lorenzo Kyle Subido  | June 18, 2017 10:00:00
News and Events

Power Plant, Poultry Farm and Coco Mill: Christmas Comes Early to Sulu

In front of President Rodrigo Duterte, Filipino business tycoons promise to invest more in the country's second poorest province

President Rodrigo Duterte poses with some of the country's biggest tycoons after the Negosyo Para sa Kapayapaan sa Sulu: Christmas Town Hall at the Malacañan Palace on December 19, MondayLess than a week before Christmas day, Filipino tycoons played Santa Claus to ...

by Elyssa Christine Lopez  | December 21, 2016 01:00:00
News and Events

Kick start your day, March 22: Twitter turns 10, Albay named new biosphere reserve

Plus, Lance Gokongwei is new Robinsons Retail chief, while appeals court allows Meralco rate hike.

Lance Gokongwei new chairman, CEO of Robinsons RetailEffective Friday, March 18, Lance Y. Gokongwei is the newly-appointed chairman and CEO of Robinsons Retail Holdings, Inc. (RRHI).In a disclosure document submitted to the Philippine Stock Exchange on Monday, March 21, the appointment came ...

by Entrepreneur Staff  | March 22, 2016 08:00:00
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