John Gokongwei - updates

Rappler's latest stories on John Gokongwei

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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.

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

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

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

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

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

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

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

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

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

Cebu Pacific to launch 3 new int'l flights in December

Sep 10, 2015 - 5:14 PM

Cebu Pacific Air will inaugurate direct flights from Manila to Fukuoka Japan; from Cebu to Taipei Taiwan; and from Davao to Singapore on December 17

NEW MARKET. All 3 new routes will utilize Cebu Pacific Air's new Airbus A320 aircraft fleet. Cebu Pacific model plane photo from Wikipedia

Virginia shooting, US-PH talks, Forbes richest | 6PM wRap

Aug 27, 2015 - 7:55 PM

Watch the 6PM edition of Rappler s newscast The wRap

Henry Sy remains Philippines' richest – Forbes

Aug 27, 2015 - 9:42 AM

UPDATED The mall magnate s net worth climbs to 14 4 billion making him the country s wealthiest for the 8th consecutive year Forbes magazine s list of 50 richest Filipinos reveals

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

GoNegosyo turns 10: Entrepreneurship a way to get ahead

Jul 29, 2015 - 5:00 PM

The organization helped change Filipinos mindset and inspired them to have a career as entrepreneurs GoNegosyo s executive director says

Go Negosyo marks 10 years of the revolution it helped start. Photo by Chris Schnabel / Rappler

Cebu Pacific, Cebgo flew 6M passengers January-April

Jun 13, 2015 - 12:31 PM

Tycoon John Gokongwei expects his airlines to carry 18 million passengers this year

PASSENGER SURGE. New long-haul routes and lower fares on domestic routes are seen to attract more passengers this year, Cebu Pacific president John Gokongwei says

Social entrepreneurship beyond livelihood

May 30, 2015 - 4:48 PM

BPI and Ateneo launch a social business competition that aims to widen the focus of social entrepreneurship

In Batangas, a battle against coal

May 27, 2015 - 11:45 AM

If companies like JG Summit truly believe in securing energy independence for this country then dirty dirty coal has got to go

Mima Mendoza and Tony La Viña

Higher fares, passenger traffic boost Cebu Pacific's Q1 earnings

May 16, 2015 - 10:40 AM

The airline attributes its bullish income and passenger growth to increased presence in key markets strategic seat sales offering the lowest possible fares and continuous network expansion

“Our latest operating statistics affirm our objective which is to further stimulate air travel and grow inbound tourism by expanding our services in new destinations," Cebu Air exec Paterno Mantaring, Jr. says. File photo by Francis Malasig / EPA

Cebu Pacific seeks more seat entitlements to Australia

Apr 23, 2015 - 6:52 PM

Australia’s Bureau of Infrastructure Trade and Regional Economics reports a 42 increase in passenger traffic since Cebu Pacific launched its direct flights to Sydney

New SAF commander, Filipinos in Forbes’ list, Pacquiao's ultimate fight | The wRap

Mar 04, 2015 - 7:42 PM

President Aquino appoints a new Special Action Force chief Henry Sy is the richest Filipino in the latest Forbes billionaires list Manny Pacquiao prepares for the “fight of his life”

12 Filipinos in Forbes’ 2015 billionaires’ list

Mar 04, 2015 - 7:00 AM

Henry Sy the Philippines richest climbs to 73rd from 2014’s 97th ranking

Robinsons Land sets P17B for capex in 2015

Oct 22, 2014 - 10:00 AM

The Gokongwei led property unit raised its capital expenditures to build 3 shopping centers and expand a mall

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

More long-haul routes: Cebu Pacific to fly to Sydney, Kuwait

Jun 16, 2014 - 6:03 PM

The airline is offering an introductory seat sale for its Manila Kuwait flights Fares go as low as P1

NEW ROUTES. Cebu Pacific President and CEO Lance Gokongwei and General Manager for Long-Haul Division Alex Reyes announce Sydney and Kuwait as new destinations. Photo courtesy of Cebu Pacific

EU lifts ban on Cebu Pacific

Apr 09, 2014 - 11:31 AM

The announcement will be made in a press conference on April 10

SAFE. Cebu Pacific will be allowed to fly to Europe after complying with global aviation safety standards. File photo from Airbus

Gokongwei, PLDT exec join Meralco board

Apr 01, 2014 - 5:34 PM

They replace San Miguel president and COO Ramon Ang and San Miguel director Estelito Mendoza

NEW IN MERALCO. Filipino billionaire John Gokongwei Jr. joins Meralco's board of directors following his company's acquisition of a stake in the utility company. Photo by Jake Verzosa

10 Filipinos among world's billionaires

Mar 04, 2014 - 8:24 AM

With a combined net worth of 40 1 billion 10 Filipino businessmen make it to Forbes Magazine s elite list of the richest in the world

'PH aviation consolidation good for Cebu Pacific'

Feb 26, 2014 - 12:13 PM

HSBC says industry consolidation in the Philippines provides a better operating environment for Cebu Pacific

HSBC REPORT. HSBC says industry consolidation in the Philippines would foster a better operating environment for Cebu Pacific. Photo from Airbus

Cebu Pacific, Tigerair PH raising fares

Feb 12, 2014 - 4:43 PM

The budget airlines says new fares will reflect higher prices of jet fuel in the world market

Cebu Pacific recently acquired Tigerair Philippines from Singaporean and Filipino shareholders. Images from EPA

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 misses 2013 passenger target

Jan 20, 2014 - 6:24 PM

The airline fails to meet its goal following two mishaps involving its planes and several flight cancellations due to Typhoon Yolanda Haiyan

Photo courtesy of Airbus

Higher beverage sales boost URC income

Jan 14, 2014 - 5:49 PM

The Gokongwei led food and beverage company posts a net income of P10 117 billion from October 2012 to September 2013

Ateneo to offer hospitality management courses by 2015

Dec 06, 2013 - 9:39 PM

The university insists its new courses are not covered by CHED s moratorium on new Hotel and Restaurant Management related programs

'HISTORIC'. Mr. Andre Cointreau, President and CEO of Le Cordon Bleu International and Father Jose Ramon Villarin, University President, Ateneo University de Manila signing the agreement. Photo from Ateneo's website

JG, Meralco in talks over petrochem biz

Oct 28, 2013 - 10:30 AM

Gokongwei and Pangilinan led groups are discussing extending their business partnerships in telecommunications and power into petrochemical business

POWER TO PETRO. Meralco owners Gokongwei and Pangilinan are discussing extending their partnership to petrochemicals. File photo by AFP

Compare: BIR's top taxpayers vs Forbes' richest Filipinos

Oct 23, 2013 - 1:39 PM

Only 25 out of the 40 richest Filipinos in 2012 are among the top 500 individual taxpayers

JG Summit to partially pay Meralco stake in cash

Oct 08, 2013 - 3:27 PM

JG Summit Holdings Inc will pay in cash about a third of the P72 billion purchase price for its minority stake in power giant Meralco

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

Cebu Pacific to fly Manila-Osaka daily by Dec

Oct 04, 2013 - 8:15 PM

From 3 flights a week Cebu Pacific will increase its Manila Osaka flights to daily starting December 20

JG Summit sells URC shares to fund Meralco puchase

Oct 04, 2013 - 2:11 PM

JG Summit Holdings Inc of the Gokongwei family raises P12 billion by selling Universal Robina shares to partially fund Meralco purchase

FOOD FOR POWER. JG Summit sells stake in its food unit to partially fund purchase of a minority stake in power giant Meralco. File photo by AFP

Not just for kids: 'Simply Jesse' and 'EDSA'

Aug 19, 2013 - 2:20 PM

Celebrate the life of the late DILG Secretary and the triumph of People Power through these s children s books

LOVE FOR COUNTRY. We review the children's book on the late DILG Sec Jesse Robredo one day after his first death anniversary, August 18, 2013.

Cebu Pacific seeks higher fuel charges, adds flights

Aug 16, 2013 - 6:38 PM

The budget carrier applies for an increase in the fuel surcharge for 7 overseas and 4 domestic routes

URC profit up on strong beverage sales

Aug 14, 2013 - 5:19 PM

Great Taste coffee and C2 products are key drivers of the company s net sales in October to June

CONSOLIDATED GROWTH. The Gokongwei group's food and beverage unit posted double-digit growth rates for the first 3 quarters of fiscal year 2013

Henry Sy PH's richest 6 years in a row — Forbes

Aug 01, 2013 - 9:24 AM

The collective wealth of the 50 richest people in the Philippines reaches US 65 8 billion more than a quarter of the country s total gross domestic product