This article needs additional citations for verification .(January 2012) |
Company type | Public |
---|---|
PSE: JGS | |
Industry | Various |
Founded | 1990 |
Founder | John Gokongwei Jr. |
Headquarters | Robinsons Equitable Tower, Pasig, |
Area served | Philippines |
Key people |
|
Products | Petrochemicals |
Services | |
Revenue | ₱312.4 billion PHP (2022) [1] |
₱6.2 billion PHP (2022) | |
Subsidiaries | Cebu Pacific JG Summit Petrochemical Corporation LIPAD Corporation Robinsons Bank Robinsons Land Corporation United Industrial Corporation Limited Universal Robina |
Website | Official website |
JG Summit Holdings, Inc. (JGSHI) 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. Key subsidiaries include Universal Robina and Cebu Pacific. Incorporated in November 1990, JG Summit Holdings was founded by John Gokongwei Jr., one of the wealthiest individuals in Southeast Asia. [2] In 2010, JGSHI was one of the ten most profitable companies on the Philippine Stock Exchange. [3]
Telecommunications in the Philippines are well-developed due to the presence of modern infrastructure facilities. The industry was deregulated in 1995 when President Fidel Ramos signed Republic Act No. 7925. This law opened the sector to more private players and improved the provision of telecom services are better and fairer rates, leading to the creation of many telecommunication service providers for mobile, fixed-line, Internet and other services.
The Manila Electric Company, also known as Meralco, is an electric power distribution company in the Philippines. It is Metro Manila's only electric power distributor and holds the power distribution franchise for 39 cities and 72 municipalities, including the whole of Metro Manila and the exurbs that form Mega Manila.
Snackbrands (SBA) is one of the largest suppliers of snack foods in Australia and acts as the main competitor to the long established The Smith's Snackfood Company.
PLDT, Inc., formerly known as the Philippine Long Distance Telephone Company, is a Philippine telecommunications, internet and digital service company.
Universal Robina Corporation, abbreviated as URC and also known as Universal Robina, is a Philippine company headquartered in Quezon City. It is one of the largest food and beverage companies in the Philippines, along with San Miguel Corporation, Monde Nissin, Mondelez Philippines and Nestlé Philippines.
John Robinson Lim Gokongwei Jr. was a Filipino banker, businessman, investor, and philanthropist. His conglomerate company JG Summit Holdings, Inc., had an extensive panoply of business and investment holdings across the Filipino economy, including shipping, telecommunications, retail, financial services, petrochemicals, real estate, utilities, aviation, food, beverages, and livestock farming.
Lopez Holdings Corporation is a Filipino conglomerate founded by the brothers Eugenio Lopez, Sr. and Fernando Lopez, Sr. It has substantial holdings in the public service and utilities sector in the Philippines and serves as the Lopez family's publicly listed holding company for investments in major development sectors such as broadcasting and cable; telecommunications; power generation and distribution; manufacturing; and property development. It added to its portfolio investments in other basic service sectors but has also since sold its interest in banking, toll roads, information technology, and health care delivery.
The PSE All Shares Index is the stock index in the Philippine Stock Exchange (PSE) in which all of the stocks traded are included in computations of the level of the index. It should not be confused with the PSE Composite Index which is a weighted index of 30 of the top companies on the PSE.
The Griffin's Foods Company is a New Zealand food company currently headquartered in Auckland and established by John Griffin as a flour and cocoa mill in the city of Nelson in 1864. The company started biscuit manufacturing in 1890. Products commercialised by Griffin's include cookies, chocolate confection, crackers, cereal bars, and snack food.
Robinsons Summit Center, formerly known as the JG Summit Center, is an office skyscraper located in Makati, Philippines. It is owned by JG Summit Holdings, Inc., and developed by its real estate arm, Robinsons Land Corporation. It stands at 174 meters (571 ft), is currently the 9th-tallest complete building in Makati, and is one of the tallest buildings in the Philippines.
Digital Telecommunications Phils., Inc., commonly known as Digitel, was the second-largest fixed-line and the third-largest mobile telecommunications company in the Philippines. It was also the company that owned Sun Cellular, a mobile phone service.
Mabuhay Satellite Corporation (MSC) was a Filipino aerospace corporation responsible for operating communication satellites and before 2009, the only Philippine company to do so. It was later renamed as Mabuhay Investment Corporation (MIC) and became a holding company owned by PLDT. It once owned the Agila 2 satellite which provides coverage in the Asia-Pacific region. Aside from satellite operation, it also provided satellite-related services. It operated two space centers, namely the Mabuhaysat Subic Space Center, its main hub, and the Mabuhaysat Zamboanga Space Center at Zamboanga City, its back-up hub.
MediaQuest Holdings, Inc. is a Philippine media company based in Mandaluyong. It is involved in radio and television broadcasting, as well as direct-to-home satellite services and print media. Though an affiliate of telecommunications company PLDT, MediaQuest is owned by the former's Beneficial Trust Fund, a retirement pension plan funded through its Philippine Depository Receipts. PLDT does not directly own any media property as the current 1987 Constitution states that media companies should be 100% owned by Filipinos and the company's major shareholders include foreign entities such as First Pacific, and Nippon Telegraph and Telephone.
Sky Cable Corporation, doing business as Sky, is a Filipino telecommunications company based in Diliman, Quezon City. A subsidiary of the media conglomerate ABS-CBN Corporation, the company offers broadband, cable and satellite television services under the Sky Cable and Sky Direct brands. The company was founded on June 6, 1990 by Benpres Holdings Corporation as Central CATV, Inc.
In the Philippines, a government-owned and controlled corporation (GOCC), sometimes with an "and/or", is a state-owned enterprise that conducts both commercial and non-commercial activity. Examples of the latter would be the Government Service Insurance System (GSIS), a social security system for government employees. There are 219 GOCCs as of 2022. GOCCs both receive subsidies and pay dividends to the national government. A government-owned or controlled corporation is a stock or a non-stock corporation, whether performing governmental or proprietary functions, which is directly chartered by a special law or if organized under the general corporation law is owned or controlled by the government directly, or indirectly through a parent corporation or subsidiary corporation, to the extent of at least a majority of its outstanding capital stock or of its outstanding voting capital stock.
Go Hotels is a Philippine chain of budget hotels owned and operated by Robinsons Land Corporation, a subsidiary of JG Summit Holdings conglomerate of Filipino-Chinese entrepreneur John Gokongwei Jr. As of January 2021, the company has 17 hotels, all located in the Philippines.
Filinvest Development Corporation is the publicly listed holding company for the various firms in the Filinvest group. It was established in 1955 in the Philippines by Andrew L. Gotianun Sr. and his wife, Mercedes Gotianun, as a used-car financing company. It has holdings in real estate development and leasing, the sales of housing units, and hotel and resort management, banking and financial services, sugar and power. It is based in Metro Manila, Philippines, and is owned by the Gotianun family.
Bridgetowne is a real estate development spanning the border of Pasig and Quezon City in Metro Manila, the Philippines. It is a mixed township and business park situated in a former industrial area on both banks of the Marikina River near the junction of Eulogio Rodriguez Jr. Avenue and Ortigas Avenue. The 30.61-hectare (75.6-acre) masterplanned community is the first integrated township project by Robinsons Land Corporation, the real estate arm of JG Summit. It is currently anchored by four office towers in its information technology park dedicated to the business process outsourcing sector, its second in Metro Manila after Robinsons Cybergate in Mandaluyong. Once completed, the township will be a community consisting of seven office towers, a shopping mall, five-star hotel and residential condominiums, with a landmark bridge and a light art installation called The Victor as its centerpiece.
Dito CME Holdings Corporation is a Filipino conglomerate holding firm. Formed in 1925, the company primarily engages in telecommunications and information technology infrastructure.
Lance Yu Gokongwei is a Filipino businessman. He is the President and CEO of JG Summit Holdings, Inc. since 2018. Gokongwei is the only son of businessman John Gokongwei Jr. He and his siblings are listed among the richest in the country.