JG Summit Holdings - updates

Rappler's latest stories on JG Summit Holdings

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JG Summit Holdings subsidiary adopts Boracay wetland

Mar 07, 2019 - 3:45 PM

(UPDATED) JG Summit Petrochemical Corporation is the latest firm to strike a partnership with the Department of Environment and Natural Resources for the rehabilitation of a Boracay wetland

DOTr to review P350-billion NAIA rehabilitation proposal

Feb 18, 2018 - 10:05 PM

The Department of Transportation expects to finish its evaluation of the Ninoy Aquino International Airport proposal by top conglomerates in April

REHABILITATION. Passenger traffic to NAIA is expected to continue to grow significantly over the coming years and the existing runway configuration may be unable to accommodate the future flows. Photo By Ben Nabong/Rappler

'Super consortium' formalizes P350-billion NAIA rehab proposal

Feb 13, 2018 - 12:30 PM

The consortium's members are Aboitiz InfraCapital, AC Infrastructure, Alliance Global, Asia's Emerging Dragon, Filinvest, JG Summit, and Metro Pacific

REHABILITATING NAIA. The consortium teams up with Singapore's Changi Airports International Private Limited to provide technical support in the areas of master planning, operations optimization, and commercial development. Image from Aboitiz Corporate Communications

Conglomerates form ‘Super Consortium’ to propose NAIA upgrade

Dec 21, 2017 - 3:37 PM

The Ayala, Aboitiz, Gokongwei, Gotianum, Metro Pacific and Andrew Tan groups will submit their unsolicited bid to the Department of Transportation

Conglomerates in talks for 'super consortium' to upgrade NAIA

Dec 07, 2017 - 3:50 PM

Andrew Tan's Alliance Global and Lucio Tan's LT Group confirm there are talks with other business groups, though no formal agreements have been reached

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

8 Philippine companies among world's largest listed firms

May 25, 2017 - 8:00 PM

SMIC BDO JG Summit Ayala Top Frontier Metrobank Aboitiz and Meralco – with a combined market value of 72 4 billion – make it to Forbes 2017 Global 2000 list

LISTED. 8 Philippine companies were included in the Forbes' list of 2000 largest public companies in 2017.

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.

GMR-Megawide consortium alarmed over Clark airport proposal

Mar 13, 2017 - 10:40 PM

The consortium asks the Department of Transportation to clarify why its proposal for the airport was abandoned

PROPOSAL. GMR-Megawide group submits P250-billion, 50-year proposal to upgrade, operate and maintain Clark airport. Screenshot from Megawide group

Is it Filinvest vs Megawide again for Clark airport development?

Mar 02, 2017 - 6:10 PM

The Filinvest JG Summit consortium has a P187 billion proposal Megawide GMR previously submitted a proposal that was discontinued but the DOTr says the project remains open for everyone

HEAD TO HEAD. This is the 3rd time Filinvest and Megawide will battle for a public infrastructure project. Rappler file photo

URC, Hong Kong-based Vitasoy to bring plant-based drinks to PH

Feb 16, 2017 - 7:35 PM

Vitasoy makes its plant based products in Hong Kong China Australia and Singapore and sells to more than 40 markets globally

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

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

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

JG Summit plant violated environmental regulations –DENR

Aug 19, 2015 - 5:35 PM

If the violation was due to negligence the company may face a fine of at least P50 000

BLACK SMOKE. A screengrab of a video by Aj Soriano posted on Facebook shows clouds of smoke from the JG Summit chemical plant in Batangas

Notice of violation issued to JG Summit chemical plant

Aug 15, 2015 - 8:56 PM

The EMB obtains samples from the facility that through an analysis will show if the plant violated environmental regulations which caused stomach pains dizziness and vomiting among locals

VIOLATION? Smoke and flames rise from the JG Summit plant in Batangas in this photo posted on Facebook by Michael Ilagan

JG Summit's net income inches up in first semester

Aug 15, 2015 - 5:22 PM

The conglomerate of the Gokongwei family says it saw its net income climb to P13 43 billion 290 85 million in the first half of the year – only a 4 4 increase from the same period last year

Kids' stomach pain, dizziness blamed on JG Summit plant

Aug 14, 2015 - 8:29 AM

Residents of nearby villages describe the smell from the plant as like burning plastic

8 PH firms in Forbes 'world’s biggest public companies' list

May 07, 2015 - 6:13 PM

The PH firms make it to the list of 2000 largest public companies as measured by revenues profits assets and market value

JG Summit earnings up 88% in Jan-Sept

Nov 14, 2014 - 9:05 PM

Consolidated revenues grows to P132 7 billion attributed to its major subsidiaries’ strong performance

Gov’t upholds removal of ‘redundant’ Digitel employees

Aug 27, 2014 - 11:45 AM

PLDT hopes the NLRC resolution will put to rest its dispute with the Digitel labor union

Alexis Valdez on the 5th day of his hunger strike

One-time gains, Meralco boost JG Summit’s H1 earnings

Aug 14, 2014 - 11:54 AM

The Gokongwei led holding firm says its major subsidiaries also performed strongly during the period

PHILIPPINES, Manila : Cebu Pacific chief executive Lance Gokongwei speaks during a press conference in Manila on June 16. AFP PHOTO / NOEL CELIS

Gokongwei-led JG Summit spending less this year

Mar 03, 2014 - 8:11 AM

The conglomerate allots P40B for expansion in 2014 bulk of which will go to its property and food manufacturing businesses

Cebu Pacific chief executive Lance Gokongwei speaks during a press conference in Manila on June 16. AFP PHOTO / NOEL CELIS

JG Summit gets SEC ok for P30-B bond issue

Feb 07, 2014 - 10:41 AM

The Gokongwei led holding company is raising funds to finance its acquisition of shares in power distributor Meralco

DEAL. JG Summit acquires a substantial stake held by the San Miguel group in power distributor Meralco. Photo taken by AFP

Cebu Pacific in talks with Tigerair for possible acquisition

Jan 04, 2014 - 7:57 AM

Cebu Pacific would like to take advantage of growth and profit opportunities by forging strategic alliances with other companies including Tigerair

Photo courtesy of Airbus

JG Summit raises nearly P9B to fund Meralco purchase

Nov 26, 2013 - 1:02 PM

The Gokongwei led conglomerate is buying 27 of Meralco from San Miguel Corporation

BIG DEAL. JG Summit is buying the shares held by the San Miguel group in power distributor Meralco. AFP PHOTO

Gokongwei's JG Summit posts lower profit on weak peso

Nov 11, 2013 - 10:18 PM

The conglomerate says its liabilities grew as a result of the depreciation of the peso

JG Summit agrees to buy San Miguel's Meralco shares

Sep 30, 2013 - 6:58 PM

The purchase is subject to the satisfaction of certain conditions according to the Gokongwei led firm

DEAL. JG Summit is buying the shares held by the San Miguel group in power distributor Meralco. Photo taken by AFP

Cebu Pacific passenger volume up 8% in first half

Jul 15, 2013 - 8:01 PM

The Gokongwei owned airline registered growth despite two runway mishaps that raised concerns about its safety standards

MORE PASSENGERS. Cebu Pacific's Jan-June passenger volume grows even after encountering runway mishaps

Gokongwei's JG Summit hikes capex to over $1-B

Jun 27, 2013 - 5:53 PM

The capital expenditure budget is 12 higher than the 926 million the company spent in 2012

Father and son, John Jr (right) and Lance (left) Gokongwei, address stockholders of food firm Universal Robina Corp. in an annual meeting on April 18. Photo by Aya Lowe

San Miguel, Lucio Tan in joint bid for Cebu airport

Mar 26, 2013 - 6:11 PM

The two partners in legacy carrier Philippine Airlines PAL will go head to head against allies MPIC and JG Summit as well as Ayala and Aboitiz

JOINT BID. SMC and the group of Lucio Tan formed a consortium to pursue the Mactan-Cebu airport project. Profile photos via San Miguel Corporation and Air Philippines' website.

MPIC, JG Summit form JV for Cebu airport bid

Feb 25, 2013 - 10:18 AM

The companies formalize their agreement to jointly bid for the airport expansion project

Gokongwei: Clark aiport needs rapid rail system

Feb 21, 2013 - 12:30 PM

JG Summit Holdings President and Chief Operating Officer Lance Gokongwei says a rapid rail system is necessary for the Clark airport to be more viable and become the next main international gateway of the country

AIRLINE EXEC. Cebu Pacific head Lance Gokongwei says Clark airport can be viable as the country's main international airport, but only after a rail access is in place. Screengrab from ANC interview

Gokongwei: PH prospects now clearer

Feb 21, 2013 - 7:36 AM

The influx of foreign investors coming to the Philippines validates what the Gokongweis knew all along: doing business here is worth it

MORE PLAYERS. Second generation businessman Lance Gokongwei talks about growing market pie and increasing competition. Screengrab from ANC interview

MVP, Gokongwei tie up for Cebu airport bid

Feb 13, 2013 - 6:19 PM

This makes the Mactan Cebu International Airport project the new battleground for the country s richest who are bidding for government assets

Korean, Malaysian firms eye Mactan-Cebu airport project

Feb 04, 2013 - 8:40 AM

Samsung C T and Malaysia Airports Holdings Berhad join the growing number of interested bidders in the controversial Mactan Cebu airport terminal project

UP FOR BIDDING. The government is auctioning off the contract to expand and upgrade the country's second busiest airport. Photo taken from DOTC website

Gokongwei group to appeal DOTC’s Mactan-Cebu airport decision

Jan 17, 2013 - 4:53 PM

JG Summit Holdings to appeal DOTC s decision to block companies with previous interests in the aviation industry from bidding for the multi billion peso Mactan Cebu airport expansion contract

URC to spend P8-B for expansion, investments in 2013

Jan 15, 2013 - 11:23 AM

The company continues to enjoy strong product sales in the Philippines and the region

PLDT dividends boost JG Summit 9-mo profits by 36.5%

Nov 14, 2012 - 12:35 PM

The Gokongwei led holding firm JG Summit s 12 stake in Philippine Long Distance Telephone Co PLDT contributed P2 95 billion in dividends

How Cebu Pacific works to stay on top

Oct 28, 2012 - 12:16 PM

In a tough business climate Cebu Pacific has a 3 pronged strategy for staying competitive

EXPANSION. JG Summit's Bach Johann Sebastian speaks to analysts and investors at the COL Financial Group Inc. special customer briefing on October 22, 2012. Photo by Katherine Visconti.

Ayala, Sy, Gokongwei to join Aquino in US, UK trips

Jun 04, 2012 - 8:27 PM

About 26 top Filipino businessmen are part of the delegation that will accompany President Aquino in his visits to the United Kingdom and United States from June 4 to 10