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JG Summit plans 28% capex rise focused on petrochemical, airline expansion

JG Summit Holdings, Inc. is increasing its capital expenditures (capex) this year, banking on a growing economy in expanding its petrochemical, airline, property, food and beverage and banking businesses.

Airline, property units lift JG Summit Q1 profit

JG SUMMIT Holdings, Inc. saw its attributable profit surge 54% in the first quarter of 2019, following the double-digit expansion of its airline and real estate businesses.

JG Summit creates digital equity ventures unit

JG Summit Holdings, Inc. is diving further into the digital space, pouring $50 million into a unit that will invest in digital ventures and emerging technologies in Southeast Asia.

JG Summit profit declines 35% amid ‘perfect storm’ in 2018

EARNINGS of JG Summit Holdings, Inc. dropped by 35% last year, amid what its President and Chief Executive Officer Lance Y. Gokongwei called a “perfect storm” of high inflation and oil prices, weak peso, and intense competition.

Filinvest-JG consortium inks O&M deal for Clark

THE North Luzon Airport Consortium (NLAC), which includes companies owned by the Gokongwei and Gotianun families, on Tuesday signed concession agreement to operate and maintain the Clark International Airport for 25 years.

JG Summit profit falls in Q3

JG Summit Holdings, Inc. saw its attributable profit drop by a fourth in the third quarter of 2018, as the weak peso weighed on its petrochemicals, food, and airline businesses.

JG Summit’s second-quarter profit down, revenues up

JG Summit Holdings, Inc.’s attributable profit dropped by a third in the second quarter of 2018, as the weaker peso, higher fuel prices, as...

JG Summit to ramp up capital spending this year

JG SUMMIT Holdings, Inc. is hiking its capital spending for 2018 as it aims to grow its petrochemical, airline, property, food and beverage, and banking businesses amid higher oil prices in the world market and the further depreciation of the peso.

JG Summit hikes 2018 capex to P80 billion

JG Summit Holdings, Inc. is hiking its capital spending for 2018 as it aims to grow its petrochemical, airline, property, food and beverage, and banking businesses.

JG Summit appoints Lance Gokongwei as CEO

By Krista Angela M. Montealegre, National Correspondent THE management changes in JG Summit Holdings, Inc., owned by the country’s second richest man John L. Gokongwei,...

JG Summit appoints Lance Gokongwei as CEO

The management changes in JG Summit Holdings, Inc. continue after the Gokongweis appointed the first non-family member to head its food and beverage unit. In...

Airline biz keeps JG Summit 2017 earnings flat

THE holding firm of tycoon John L. Gokongwei, Jr., the country’s second richest man, registered flat earnings last year on the back of the...

JG Summit profit drops as higher fuel prices, weak peso hit...

By Arra B. Francia, Reporter HIGHER FUEL PRICES in its airline business alongside foreign exchange losses pulled down JG Summit Holdings, Inc.’s earnings attributable to...

A legacy of excellence

John L. Gokongwei, Jr. has been, and still is, one of the biggest names in the Philippines. With an estimated net worth of $6.1 billion, the...

Sustained and strong businesses

The JG Summit conglomerate that people know today began as Universal Corn Products, Inc. in 1957, operating a cornstarch plant in Pasig City. From...

SEC approves JG Summit’s new infrastructure unit

THE Gokongwei group has established a new company that would handle its investments in infrastructure. In a disclosure to the stock exchange, JG Summit Holdings,...