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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

More Exclusive Than Billionaire Ranking: Only 6 PH Conglomerates In This Year's Forbes Global 2000 List

Two Filipino holding companies failed to return to the list of world’s leading firms

Six Philippine companies were included in the latest Global 2000, a list of the world’s largest public companies compiled by business magazine Forbes.That’s two less than the eight companies that made it last year, and just half of the 12 Filipinos who ...

by Lorenzo Kyle Subido  | June 08, 2018 01:00:00
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

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
News and Events

Can Robinsons Retail Stem Rustan's Supermarket’s Losses and Turn it Around?

RSCI has been suffering losses since 2012 when half of the company was sold to Dairy Farm

On March 23, Robinsons Retail Holdings Inc. (RRHI), the country’s second-largest multi-format retailer, announced an agreement to acquire Rustan’s Supercenters Inc. (RSCI) through a share-swap deal with Dairy Farm International Holdings Limited, a Hong Kong retail company.Before the transaction, which was valued ...

by Pauline Macaraeg  | April 08, 2018 10:00:00
News and Events

Philippine Airlines and Cebu Pacific Cut Aklan Flights in Wake of Boracay Closure Order

Passengers can get refunds or rebook flights on cancelled trips

Cebu Pacific and Philippine Airlines (PAL) have cancelled local flights in response to President Rodrigo Duterte’s order closing the island of Boracay in Aklan province. Cebu Pacific's flight cancellations will take effect beginning April 26 until October 27, 2018, while those of ...

by Paul John Caña  | April 05, 2018 01:00:00
News and Events

Financial Adviser: 5 Biggest Blue Chip Losers From Market Sell Off and How to Profit From It

There are opportunities in the market despite the recent downturn

There is a contrarian saying that it is good to buy when everyone wants to sell and sell when everyone wants to buy.Market psychology dictates that investors tend to overpay stocks when everyone is positive about the future prospects of the company ...

by Henry Ong  | March 27, 2018 02:00:00
News and Events

Robinsons Retail Acquires Rustan’s Supermarkets, Shopwise in Php18-B Share-Swap Deal

HK-based retailer Dairy Farm to own 18.25% of Gokongwei-owned retail firm in exchange for 100% of Rustans Supercenters Inc.

Robinsons Retail Holdings Inc. (RRHI), the Philippines' second-largest multi-format retailer, acquired full ownership of Rustan’s Supercenters Inc. (RSCI) in a share swap deal with Dairy Farm, an Asian retailer listed at the London Stock Exchange, RRHI said in a disclosure to the ...

by Entrepreneur Staff  | March 23, 2018 05:00:00
Startup Tips

Life Lessons From John Gokongwei, Jr., Management Man of the Year

Dream big. John Gokongwei, Jr. once sold soap at the public market

John Gokongwei, Jr. is a force to reckon with. At 91, he is still a top player in the Philippine economy, and has consistently retained a spot on Forbes' annual Billionaires List. This year he is number two with $5.5 billion.On Monday, November ...

by Kwyn Kenaz Aquino for TownandCountry.ph  | November 29, 2017 12:00:00
Run & Grow

From Php3.5-M Outlay in 1956 to Php665-B Market Cap Today: John Gokongwei Jr. Recounts Drivers of JG Group's Growth

Speech of JG Summit Holdings founder accepting the MAP's Management Man of the Year Award

  The Management Association of the Philippines (MAP) presented its Management Man of the Year Award to John Gokongwei Jr., founder of JG Summit Holdings Inc., and one of the country’s leading businessmen and industrialists, in awarding ceremonies on November 27, 2017 at ...

by John Gokongwei Jr.  | November 27, 2017 03:00:00
News and Events

How Would PH Billionaires Fare if They Were Part of Forbes’ 400 List of Richest People in America?

Henry Sy Sr. would land on the 25th spot while John Gokongwei Jr. would be 97th in the US rankings

Forbes magazine released the 2017 Forbes 400 list of the wealthiest people in America in October. Bill Gates led the 36th edition of the annual list with a net worth of $89 billion, followed by Jeff Bezos with $81.5 billion.The minimum net ...

by Pauline Macaraeg  | November 27, 2017 01:00:00
News and Events

Which of PH’s Largest Conglomerates are Active in the ASEAN Region?

Half of the country’s 10 biggest holding firms have a sizeable Southeast Asian footprint

While the primary focus of almost all companies is to establish and solidify their footprint in the home market, many see the importance of international expansion in the growth of their businesses. By tapping new markets and engaging with a wider audience, ...

by Lorenzo Kyle Subido  | November 13, 2017 09:00:00
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