gokongwei - updates

Rappler's latest stories on gokongwei

ARTICLE FINDER

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

Cebu Pacific receives 32nd Airbus A320

Sep 28, 2015 - 10:41 PM

This is the 3rd of 4 Airbus A320 aircraft the budget carrier is set to receive in 2015 as Cebu Pacific targets Honolulu as a new destination early 2016

NEW AIRCRAFT. This is the third of 4 Airbus A320 aircraft that the airline is set to receive this year, Cebu Pacific announces on Monday, September 28, 2015. Photo from Ajig Ibasco / Cebu Pacific

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 announces terminal changes effective August 15

Jun 19, 2015 - 9:00 PM

The budget carrier transfers its ATR flights to NAIA 4 while Cebgo will move to NAIA 3

Cebu Pacific orders 16 planes worth $673M

Jun 16, 2015 - 5:00 PM

The budget carrier is the launch customer for the new ATR72 600 cabin with an option to order for 10 additional aircraft of the same model