JG Summit Holdings
Encyclopedia
JG Summit Holdings, Inc is one of the largest conglomerates in the Philippines
with business interests in air transportation, banking, food manufacturing, hotels, petrochemicals, power generation, publishing, real estate and property development, and telecommunications. Companies that JG Summit Holdings has major holdings in include Digital Telecommunications Philippines
and Cebu Pacific
. Its chairman is John Gokongwei
, who is one of the richest persons in Southeast Asia
. It was one of the ten most profitable companies on the Philippine Stock Exchange
for 2010.
Far East Bank and Trust Company- Sold the shares to BPI during the time PCIBank was acquired by Equitable, the GSIS ans the SSS.
Philippines
The Philippines , officially known as the Republic of the Philippines , is a country in Southeast Asia in the western Pacific Ocean. To its north across the Luzon Strait lies Taiwan. West across the South China Sea sits Vietnam...
with business interests in air transportation, banking, food manufacturing, hotels, petrochemicals, power generation, publishing, real estate and property development, and telecommunications. Companies that JG Summit Holdings has major holdings in include Digital Telecommunications Philippines
Digital Telecommunications Philippines
Digital Telecommunications Phils., Inc. , commonly known as Digitel, is the second-largest fixed-line and the third-largest mobile telecommunications company in the Philippines...
and Cebu Pacific
Cebu Pacific
Cebu Air, Inc., operating as Cebu Pacific Air, is based on the grounds of Ninoy Aquino International Airport , Pasay City, Metro Manila, the Philippines. It offers scheduled flights to both domestic and international destinations...
. Its chairman is John Gokongwei
John Gokongwei
John L. Gokongwei, Jr. is a Chinese Filipino businessman with holdings in telecommunications, financial services, petrochemicals, power generation, aviation and live stock farming...
, who is one of the richest persons in Southeast Asia
Southeast Asia
Southeast Asia, South-East Asia, South East Asia or Southeastern Asia is a subregion of Asia, consisting of the countries that are geographically south of China, east of India, west of New Guinea and north of Australia. The region lies on the intersection of geological plates, with heavy seismic...
. It was one of the ten most profitable companies on the Philippine Stock Exchange
Philippine Stock Exchange
The Philippine Stock Exchange is the national stock exchange of the Philippines. It is one of the oldest stock exchanges in Southeast Asia, having been in continuous operation since its inception in 1927...
for 2010.
Companies Under JG Summit Holdings
- Universal RobinaUniversal RobinaUniversal Robina Corporation or URC is one of the largest brand food product companies in the Philippines.-History and profile:Universal Robina Corporation traced its beginnings all the way back to 1954. John Gokongwei, Jr. was doing very well then as a trader/importer...
- Robinsons Land (including Robinsons MallsRobinsons MallsRobinsons Malls is the second largest shopping mall and retail operator in the Philippines. It was incorporated on September 9, 1997 by Chinese Filipino entrepreneur John Gokongwei, Jr. to develop, conduct, operate and maintain the Robinsons commercial shopping centers and all businesses related...
) - Cebu PacificCebu PacificCebu Air, Inc., operating as Cebu Pacific Air, is based on the grounds of Ninoy Aquino International Airport , Pasay City, Metro Manila, the Philippines. It offers scheduled flights to both domestic and international destinations...
- Digital Telecommunications PhilippinesDigital Telecommunications PhilippinesDigital Telecommunications Phils., Inc. , commonly known as Digitel, is the second-largest fixed-line and the third-largest mobile telecommunications company in the Philippines...
(Digitel and Sun CellularSun CellularDigitel Mobile Philippines, Inc., is a mobile telecommunication service provider in the Philippines doing business as Sun Cellular. The company is a wholly owned subsidiary of Digital Telecommunications Philippines, or Digitel. Digitel is in turn owned by the JG Summit Group with a minority stake...
) - United Industrial Corporation Limited (A Singapore listed company)
- Robinsons Bank
- JG Summit Petrochemical Corporation
Former Businesses
Philippine Commercial International Bank- a joint venture between Benpres and the Lopez Group of Companies. Both sold their shares in 1999 to the SSS and GSIS which gave way to the Equitable Banking Corporation - Philippine Commercial International Bank merger and eventually became Banco de Oro Universal Bank.Far East Bank and Trust Company- Sold the shares to BPI during the time PCIBank was acquired by Equitable, the GSIS ans the SSS.