lance gokongwei - updates

Rappler's latest stories on lance 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.

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

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

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

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

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

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

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 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 reveals new logo

Jun 02, 2015 - 2:15 PM

The budget carrier says its branding effort symbolizes its growth from a low cost pioneer to its larger operations today

Airbus A350 XWB in Manila for preview flights

May 20, 2015 - 10:43 PM

PAL expresses interest in the widebody airliner while Cebu Pacific says it has no requirement yet for aircraft as big as A350 XWB

Cebu Pacific to sell 6 Airbus to Las Vegas-based Allegiant Air

Feb 23, 2015 - 5:11 PM

Two years after a botched deal the budget carrier is selling 6 Airbus A319 to Allegiant Air as part of its fleet renewal program

Cebu Pacific VP quits

Jan 26, 2015 - 6:25 PM

Jorenz Tañada a former Customs official ends a short lived stint at the low cost carrier

Jorenz Tanada

Cebu Pacific holiday mess: Why blame absent staff?

Jan 23, 2015 - 9:00 AM

The reality is that airline employees are supposed to work during the holidays

Cebu Pacific apologizes, Estrada cases, US State of the Union | The wRap

Jan 21, 2015 - 8:58 PM

Cebu Pacific’s Gokongwei blames absent employees for the holiday mess Supreme Court junks Erap disqualification upholds Jinggoy’s case US President Obama says America is out of recession

Cebu Pacific chief on holiday mess: 'I'm profoundly sorry'

Jan 21, 2015 - 11:39 AM

3rd UPDATE A House resolution is being crafted to direct erring airlines to compensate affected passengers on top of the fine going to national coffers

‘I AM SORRY.’ Cebu Pacific chief executive Lance Gokongwei reiterates the budget carrier’s apology to passengers inconvenienced during the holidays at a congressional hearing on January 21, 2015. File photo by Noel Celis/AFP

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

Cebu Pacific eyes Gulf expansion

Jun 21, 2014 - 10:35 PM

The budget carrier is looking at expanding its direct services to other long haul destinations such as Saudi Arabia Kuwait and Australia in the second half of 2014

File photo of Cebu Pacific Air from EPA.

Cebu Pacific wants to launch flights to New Zealand

Apr 21, 2014 - 5:27 PM

This comes a month after the signing of an air pact between PH and New Zealand

MILES. Cebu Pacific eyes flights to New Zealand. File photo from Airbus

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

Gokongwei: Cebu airport project now more viable

Oct 14, 2013 - 6:58 AM

The changes in the project terms of the Mactan Cebu International Airport expansion project have made it commercially viable for investors according to one of the 7 bidders

POSTPONED. Bidding for the Mactan-Cebu International Airport expansion won't push through as scheduled. Photo courtesy of the PPP Center

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 flies to Dubai

Oct 07, 2013 - 9:17 PM

Cebu Pacific mounts its first long haul flight to Dubai Monday October 7

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

Cebu Pacific expects to fly less than 15-M passengers in 2013

Jun 28, 2013 - 5:09 PM

Cebu Pacific s first quarter performance prompts officials of Cebu Pacific to warn that the budget carrier will not meet its target of 15 million passengers this 2013

Gokongwei on retail firm's IPO: 'We'll wait for right time'

Jun 28, 2013 - 8:35 AM

However the JG Summit president and COO says the target is still to launch the IPO within the year

Cebu Pacific passengers in Davao mishap 'taken care of'

Jun 28, 2013 - 8:05 AM

Cebu Pacific president and CEO Lance Gokongwei says the budget airline has taken care of the passengers affected in the Davao airport mishap

NEEDS ACCOMMODATED. Cebu Pacific president and CEO Lance Gokongwei says the budget airline has taken care of the passengers affected in the Davao airport mishap. Photo by Naoki Mengua/Rappler

Safety is Cebu Pacific's priority — Gokongwei

Jun 27, 2013 - 8:08 PM

After two airport incidents the Cebu Pacific CEO stresses to stockholders and investors that safety has always been a top priority

TOP PRIORITY. Cebu Pacific president and CEO Lance Gokongwei said the company's top priority is safety. Photo by Naoki Mengua/Rappler

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

What CEOs should do in crisis situations

Jun 14, 2013 - 12:47 PM

Showing compassion total control of the situation and assurance that the incident won t happen again are the 3 crucial goals of CEOs when handling a crisis

Cebu Pacific CEO on Davao incident: Sorry

Jun 03, 2013 - 9:25 PM

Cebu Pacific CEO Lance Gokongwei apologizes to those whose travel plans were disrupted after its aircraft veered off the Davao international airport runway

OVERSHOOT. Cebu Pacific flight 5J 971 overran the Davao City airport runway and hit its uncemented portion evening of Sunday, June 2. Photo by Laiza Dale A. Lacida

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: 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

Being John Gokongwei

Sep 09, 2012 - 12:52 PM

John Gokongwei Jr doesn’t believe money is important or at least not as important as other things

FILIPINO BILLIONAIRE. The simple life of John Gokongwei Jr. Photo by Jake Verzosa

Top executives share insights on doing business under Aquino gov't

Jul 23, 2012 - 11:43 AM

Hear what the heads of the biggest companies in the Philippines have to say about the country s economy under President Aquino

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

2011 'a difficult year' for Cebu Pacific

Jan 24, 2012 - 10:31 PM

Spiraling price of jet fuel which accounts for chunk of an airline s operating costs dragged down profits of Cebu Pacific in 2011

Gokongwei: We're not interested in PAL

Jan 24, 2012 - 3:24 PM

The majority owners of budget carrier Cebu Pacific Air are not interested in buying a stake in legacy carrier Philippine Airlines PAL which is for sale

Gokongweis confirm interest in 4 airports

Jan 24, 2012 - 2:49 PM

JG Summit said it is interested in vying for 4 airport projects that the government plans to bid out as part of its flagship infrastructure program