Gokongwei - updates

Rappler's latest stories on Gokongwei

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Malacañang mourns death of Elizabeth Yu Gokongwei

Nov 17, 2019 - 8:53 AM

'A gentle, loving, kind, caring, and selfless human being Mrs Elizabeth was. She will be dearly missed,' says Malacañang in a statement

ELIZABETH YU GOKONGWEI. The wife of the late John Gokongwei Jr dies on November 16, 2019. Photo from Elizabeth Yu Gokongwei's Facebook page

Gokongwei matriarch dies at 85

Nov 16, 2019 - 4:20 PM

Elizabeth Yu Gokongwei dies a week after her husband John passed away

Of taipan deaths and risk-taking

Nov 13, 2019 - 4:51 PM

The burden that must be borne

Duterte visits wakes of John Gokongwei, Bong Tan

Nov 12, 2019 - 10:55 AM

President Rodrigo Duterte pays his last respects to tycoon John Gokongwei Jr and PAL Holdings president Lucio 'Bong' Tan Jr

LOOK: President Duterte attended both the wake of John Gokongwei Jr and wake of Lucio “Bong” Tan Jr last night. Malacañang photo

Robina Gokongwei’s funny stories about dad

Nov 12, 2019 - 8:25 AM

From her kidnapping to her wedding day, John Gokongwei's eldest daughter shares some of her most cherished memories of the late tycoon

How John Gokongwei built his empire from selling peanuts

Nov 10, 2019 - 4:55 PM

John Gokongwei Jr was born wealthy, but he had to start from scratch after his family lost what they had. Here's a look back on his journey to becoming one of the most beloved tycoons in the Philippines.

'Exceptional and ideal Filipino': Tributes pour in for John Gokongwei

Nov 10, 2019 - 3:04 PM

'Mr John Gokongwei Jr left a legacy to the Filipino nation and the coming generation worth emulating,' says Presidential Spokesperson Salvador Panelo

'IDEAL FILIPINO.' John Gokongwei Jr named MAP's Management Man of the Year 2017. File Photo by Alecs Ongcal/Rappler

Tycoon John Gokongwei Jr dies, 93

Nov 10, 2019 - 3:38 AM

(UPDATED) John Gokongwei Jr dies surrounded by loved ones at the Manila Doctors Hospital on November 9, 2019, according to his son, Lance Gokongwei

File photo by Jake Verzosa

Inflation, weak peso batter JG Summit's earnings in 2018

Apr 16, 2019 - 7:05 PM

JG Summit's net income drops by 24% in 2018. CEO Lance Gokongwei says the conglomerate braved a 'perfect storm' and remains optimistic for the coming years.

Cebu Pacific to expand footprint in Japan with new office

May 16, 2018 - 7:00 PM

Now on its 10th year of operations in Japan, Cebu Pacific mounts about 70 flights weekly between Japan and the Philippines

Robinsons Land partners with Hong Kong firm for residential project

May 08, 2018 - 5:10 PM

This involves an 18,037-square-meter property at Bridgetowne East in Pasig City, where 4 condominium towers will be built

URC net income slides further in Q1 2018

Apr 30, 2018 - 7:00 PM

The food manufacturing giant reports a net income of P3 billion in the 1st quarter of 2018, down 12%, as a weaker peso, inflation, and competition take a toll on domestic sales

Cebu Pacific eyes 22 million passengers in 2018

Apr 26, 2018 - 5:10 PM

The budget carrier hopes flights to Dubai, Batanes, and Melbourne, among other destinations, will make up for canceled Boracay flights

Universal Robina spending P8 billion in 2018

Apr 16, 2018 - 4:40 PM

Universal Robina Corporation earmarks a slightly lower capital spending budget this year, versus the actual spending of P8.13 billion in 2017

JG Summit's core profits dip slightly in 2017

Apr 13, 2018 - 6:35 PM

Its earnings from its petrochemicals unit are offset by losses from URC and Cebu Pacific

Cebu Pacific passes IATA safety audit

Apr 12, 2018 - 5:00 PM

The airline says it invested in safety technology, including a system that monitors runway conditions and a system that ensures pilots are fully alert

Gokongwei-led RRHI acquiring Rustan’s supermarket chain

Mar 23, 2018 - 10:08 PM

Robinsons Retail Holdings announces a P18-billion share swap deal to purchase the grocery chain operator from the Dairy Farm Group

Henry Sy still leads Filipinos on Forbes' 2018 billionaires list

Mar 07, 2018 - 9:55 AM

The number of Filipinos on the list drops from 14 last year to 12 this year, but their combined net worth increases from $45.8 billion to $55.2 billion

URC eyes sugar tax, Vietnam rebound as keys to lift sagging growth

Nov 27, 2017 - 9:45 PM

'We're in the right categories, primarily snacks and healthier products... that will resonate with the market especially as sugar taxes are imposed,' says URC president Lance Gokongwei

John Gokongwei proves family-run conglomerates work

Nov 27, 2017 - 8:40 PM

The JG Summit founder says the conglomerate has maintained its core values and long-term vision even as it went public and reached out to global markets

FAMILY MATTERS. John Gokongwei Jr (center) poses with his family after receiving MAP's Management Man of the year for 2017 in a ceremony held on November 27 in Taguig City. Photo by Alecs Ongcal/Rappler

Robinsons Land targets to raise P20B in stock rights offering

Nov 24, 2017 - 6:20 PM

Approximately 950 million to 1.1 billion common shares are to be offered, with the majority of proceeds to be used to fund land acquisition

URC net income drops by 21.2% in 1st 9 months of 2017

Nov 07, 2017 - 7:15 PM

Despite stronger sales, the food manufacturer records lower net income of P8.408 billion due to weak profitability, lower forex gains, and lower market valuation gain on financial assets

John Gokongwei Jr is MAP man of the year 2017

Oct 25, 2017 - 7:39 AM

The JG summit founder is chosen by the Management Association of the Philippines for his leadership in making the Gokongwei Group of companies a force for nation building

Cebu Pacific launches program to train future Filipino pilots in Australia

Oct 24, 2017 - 4:50 PM

The airline will initially shoulder $25 million to train 250 cadet pilots, who will become Cebu Pacific First Officers and can pay back the investment through salary deductions

Toys 'R' Us in PH unaffected by U.S. toy store chain's bankruptcy filing

Sep 20, 2017 - 8:25 PM

Operated by the Gokongweis, Toys 'R' Us Philippines clarifies it is not part of Toys 'R' Us Incorporated's bankruptcy filing in the United States

NORMAL OPERATIONS. It is business as usual for Toys 'R' Us Philippines, which operates 34 stand-alone stores and 44 Toybox outlets inside Robinsons Department Store branches. File photo

Cebu Pacific to add holiday season flights to Japan, Vietnam, Indonesia

Aug 31, 2017 - 5:30 PM

The budget carrier will increase its flights from Manila to Tokyo Osaka and Nagoya as well as Hanoi and Bali beginning 4th quarter of 2017 until the 1st quarter of 2018

Wealth of 50 Filipinos account for 24% of PH's 2016 GDP

Aug 24, 2017 - 3:10 PM

4th UPDATE Henry Sy Sr tops Forbes Philippines rich list in 2017 for a decade now but younger and self made tycoons are gaining ground

STILL RICHEST. Henry Sy Sr (extreme right) with wife Felicidad Sy (woman in glasses in the middle) and son Hans Sy (beside Felicidad) during SM grou's 2017 stockholders' meeting. Photo by Rob Reyes/Rappler

Cebu Pacific to launch flights from Zamboanga to Sandakan, Malaysia

Aug 16, 2017 - 5:45 PM

Now the previous 14 hour travel by sea is cut down to just a 40 minute airplane ride says Cebgo president and CEO Alexander Lao

NEW ROUTES. Cebu Pacific announces 4 new routes, including its first international route out of Zamboanga City. File photo courtesy Cebu Pacific

Is the Inquirer's impending sale a Manila Times redux?

Jul 18, 2017 - 3:55 PM

In 1999, Joseph Estrada sues the Manila Times over a corruption story. Months later, the Gokongwei family sells the newspaper to the President's crony.

Cebu Pacific adds night flights to Boracay

Jun 22, 2017 - 4:43 PM

Cebu Pacific says this is in response to a long standing tourist request

NIGHT FLIGHT. Cebu Pacific will mount an additional 12 flights weekly to Caticlan from Manila, Clark, and Cebu.

Po family buys Hunt's license from Gokongweis

May 02, 2017 - 5:30 PM

While the Gokongwei group s Universal Robina focuses on its main brands Po family led Century Pacific forays into branded categories outside its core segments of marine meat and milk

CHANGING TASTES. Century Pacific is acquiring Hunt's license from the joint venture between Gokongwei-led Universal Robina and ConAgra Foods, North America's giant packaged food company. Image of Hunt's Pork & Beans from Hunt's official website

The legend of Mariano Que

Apr 25, 2017 - 6:25 PM

In a way it is impossible to talk about Philippine medicine without mentioning Mariano Que Yet so little was known of the man who built Mercury Drug

PASSING. Founder of Mercury Drug, Mariano Que, passed away last week, as reported on the company's Facebook page on April 14, 2017.

Can conglomerates foster inclusive development in PH?

Apr 03, 2017 - 10:00 AM

The country faces a dilemma in development as it strives to achieve growth and progress amid distress and poverty

DILEMMA. The Philippines is one of the fastest growing economies despite having the third highest poverty incident rate in ASEAN.

Record number of Filipinos among 'richest people on the planet'

Mar 21, 2017 - 8:03 AM

Joining the 14 Filipinos who are dollar billionaires in 2017 are Ramon Ang Injap Sia Eduardo Cojuangco and Roberto Ongpin

Robinsons Land sees 7.9% boost in 2016 income

Jan 13, 2017 - 5:23 PM

Its costs and expenses however increases by 19 to P9 34 billion as opening of new malls and office buildings raised the level of its depreciation expense

HOTEL REVENUES. Robinsons Land says the 3.5% increase in hotel revenues mainly came from the relatively new hotels such as Go Hotels Iloilo, Go Hotels Ortigas Center, Go Hotels Butuan, and Summit Hotels Magnolia. Photo by Kevin dela Cruz/Rappler.com

Gokongwei's JG Summit sees income jump almost 50%

Nov 15, 2016 - 4:23 PM

The increase is due to the double digit income growth in its airline business which benefited from the drop in fuel prices and the performance of its petrochemicals business

ALMOST 50%. INCHING UP. The increase in its net income is due to the growth in airline and petrochemical revenues. In the photo are John Gokongwei Jr. (right) and son Lance (left). File photo

Asia's Emerging Dragon to bid for NAIA PPP

Oct 03, 2016 - 9:05 PM

The corporation formed back in 1993 by several taipans again expresses interest in redeveloping the Ninoy Aquino International Airport

A passenger arrives at the Ninoy Aquino International Airport in Manila on October 18, 2013.The Philippines' main Manila airport terminal has been named the world's worst for the second year in a row in a survey by an online travel website. AFP PHOTO/ NOEL CELIS / AFP PHOTO / NOEL CELIS

Henry Sy still PH's richest man for 9th straight year – Forbes

Aug 25, 2016 - 1:35 PM

The biggest gainer on the list of richest Filipinos percentage wise is Edgar Sia II

How Lance Gokongwei will continue supporting Duterte

Jun 10, 2016 - 2:51 PM

The president and chief operating officer of JG Summit says he will support Duterte through hard investments in the country and creation of more jobs

PERSONAL CAPACITY. Lance Gokongwei was considered by Duterte to head the Department of Finance, after Carlos Dominguez III initial rejected the offer. But Gokongwei says he will support Duterte as head of JG Summit. Photo by Naoki Mengua/Rappler

JG Summit founder sells $250M worth of shares

May 26, 2016 - 6:10 PM

Sale of Gokongwei s JG Summit shares are for estate planning purposes

SHARE SALE. After the transaction, Gokongwei, who sits as chairman emeritus of JG Summit, still has 58 million direct shares in the conglomerate. Photo by Jake Verzosa

Cebu Pacific, 7 other budget airlines form alliance

May 16, 2016 - 10:30 PM

Customers will be able to view select and book the best available airfares on flights from any of the airlines in a single transaction

Cebu Pacific sells 4 Airbus planes to Allegiant Air

May 12, 2016 - 4:00 PM

Between 2016 and 2021 Cebu Pacific will also receive 30 Airbus A321neo aircraft and 16 ATR 72 600 turboprop planes

MODERNIZATION PROGRAM. The delivery of 4 Airbus aircraft to Allegiant is scheduled from 2017 to 2018

JG Summit net income rises to P22.61B in 2015

Apr 13, 2016 - 7:15 AM

Firms under the Gokongwei led conglomerate see higher revenues led by the JG Summit Petrochemicals Group Robinsons Land URC and Cebu Pacific Air

Kidapawan tragedy, Brussels blasts, Forbes power women | 12PM wRap

Apr 08, 2016 - 12:01 PM

Watch Rappler’s 12PM newscast with Chay Hofileña

Gokongwei-Pe, Sy-Coson on Forbes Asia list of top businesswomen

Apr 07, 2016 - 7:00 PM

Robina Gokongwei Pe is included in the elite list for the first time while Teresita Sy Coson makes it for the 5th year in a row

POWER BUSINESSWOMEN. The daughters of Henry Sy (left) and John Gokongwei, Jr (right) are among Forbes Asia's most powerful businesswomen

Marcos’ candidacy, HBO on Pacquiao, PH billionaires | 6PM wRap

Mar 03, 2016 - 7:05 PM

Watch Rappler’s 6PM newscast with Chay Hofileña

11 Filipino tycoons back in Forbes' list of world's richest

Mar 03, 2016 - 2:30 PM

Henry Sy Sr the 91 year old chairman of SM Investments Corporation retains his spot as the richest Filipino according to Forbes 2016 World s Billionaires

PHILIPPINES' RICHEST. (From left): Henry Sy, John Gokongwei Jr, Lucio Tan, and George Ty

Mitsubishi PH: Third party must settle Montero Sport issue

Dec 08, 2015 - 3:29 PM

Mitsubishi says a credible third party should resolve the issue of sudden unintended acceleration

NO TO RECALL. Mitsubishi Motors Philippiines Corporation (MMPC) says on Tuesday, December 8, 2015 says having a third party would help settle the opposing views of the complainants and the vehicle's distributor, and a reported possible recall order from the Department of Trade and Industry (DTI) over the sudden intended accelerator issue. Image from Mitsubishi Cars Philippines website

Cebu Pacific to start flying to Guam in March

Nov 25, 2015 - 3:58 PM

This marks Cebu Pacific’s first US destination making it the only low cost carrier to fly directly between the Philippines and Guam

PACIFIC EXPANSION. 'Having Guam in our network sets us off on another expansion path across the Pacific,' Cebu Pacific's Lance Gokongwei says

SM opens first mall in Caloocan City

Oct 23, 2015 - 3:49 PM

It is SM s 55th mall in the Philippines and targets to close 2015 with 56 in the country and 6 malls in China

NEW MALL. The newest SM mall eyes to cater to more than 1.5 million Filipinos with 90% of the space lease awarded to various tenants.  Image from SM Prime