JG Summit Holdings, Inc (JGSHI) is one of the largest
conglomerates in the
Philippines
The Philippines (; fil, Pilipinas, links=no), officially the Republic of the Philippines ( fil, Republika ng Pilipinas, links=no),
* bik, Republika kan Filipinas
* ceb, Republika sa Pilipinas
* cbk, RepĂşblica de Filipinas
* hil, Republ ...
with business interests in air transportation, banking, food manufacturing, hotels, petrochemicals, power generation, publishing, real estate and
property development
Real estate development, or property development, is a business process, encompassing activities that range from the renovation and re-lease of existing buildings to the purchase of raw land and the sale of developed land or parcels to others. R ...
, and telecommunications. Key subsidiaries include
Universal Robina
Universal Robina Corporation (URC) is a Philippine company based in Quezon City, Philippines. It is one of the largest food and beverage companies in the Philippines.
History
The precursor to Universal Robina Corporation (URC) was founded on ...
and
Cebu Pacific
Cebu Air, Inc., operating as Cebu Pacific (), is a low-cost airline of the Philippines. Founded in 1988, it is Asia's oldest low-cost airline. It offers scheduled flights to both domestic and international destinations. The airline operates fl ...
. Incorporated on November 1990, JG Summit Holdings was founded by
John Gokongwei Jr., one of the wealthiest individuals in
Southeast Asia
Southeast Asia, also spelled South East Asia and South-East Asia, and also known as Southeastern Asia, South-eastern Asia or SEA, is the geographical United Nations geoscheme for Asia#South-eastern Asia, south-eastern region of Asia, consistin ...
.
In 2010, JGSHI was one of the ten most profitable companies on the
Philippine Stock Exchange
The Philippine Stock Exchange, Inc. ( fil, Pamilihang Sapi ng Pilipinas; ) is the national stock exchange of the Philippines. The exchange was created in 1992 from the merger of the Manila Stock Exchange and the Makati Stock Exchange. Includin ...
.
Companies
Manufacturing
* JG Summit Petrochemical Corporation
* JG Summit Olefins Corporation
*
Universal Robina Corporation
Universal Robina Corporation (URC) is a Philippine company based in Quezon City, Philippines. It is one of the largest food and beverage companies in the Philippines.
History
The precursor to Universal Robina Corporation (URC) was founded on ...
- is one of the largest branded consumer food and beverage product companies in the Philippines.
**
Griffin's Foods
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.[Snack Brands Australia
Snack Brands Australia (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.
The company was founded in August 1998 as a subsidiary of parent co ...]
(Australia)
Real estate
* Robinsons Land Corporation (including
Robinsons Malls
Robinsons Malls is one of the List of shopping malls in the Philippines, largest shopping malls and retail operators in the Philippines. It was incorporated on September 9, 1997, by entrepreneur John Gokongwei, John Gokongwei Jr. to develop, c ...
)
* United Industrial Corporation Ltd. (Singapore) - 37% ownership
Air transport
*
Cebu Pacific
Cebu Air, Inc., operating as Cebu Pacific (), is a low-cost airline of the Philippines. Founded in 1988, it is Asia's oldest low-cost airline. It offers scheduled flights to both domestic and international destinations. The airline operates fl ...
**Aviation Partnership Philippines - 49% ownership
**
SIA Engineering (Philippines) Corporation - 35% ownership
* LIPAD Corporation (operator of
Clark International Airport
Clark International Airport ( pam, Pangyatung Sulapawan ning Clark; fil, Paliparang Pandaigdig ng Clark; ), known as Diosdado Macapagal International Airport from 2003 to 2012, is an international airport covering portions of the cities of ...
) - a consortium with
Filinvest Development Corporation
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 f ...
, Philippine Airport Ground Support Solutions Inc., and
Changi Airports Philippines Pte. Ltd.
Financial
*
Robinsons Bank Corporation
Utilities
*Global Business Power Corporation (30%)
*
PLDT, Inc. (11.27%)
*
Meralco
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 22 cities and 89 munic ...
(29.56%)
Others
* iTech Global Business Solutions, Inc.
*
Go Hotels
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, John Gokongwei Jr. As of January 2021, the compan ...
* Robinsons Hotels & Resorts
*
Summit Hotels and Resorts
*
Summit Media
Summit Publishing Co., Inc., trading as Summit Media, is a Filipino digital lifestyle network in the Philippines. It has 15 media brands attracting around 20 million monthly unique visitors and approximately 33 million social media followers ...
* DHL Summit Solutions Inc.
Former businesses
*
Digital Telecommunications 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 se ...
(Digitel and
Sun Cellular
Digitel Mobile Philippines, Inc., doing business as Sun Cellular (or simply known as Sun), was a wholly owned subsidiary of Digital Telecommunications Philippines (Digitel), which in turn was owned by PLDT and is one of the Philippines’ large ...
) - Acquired by
PLDT
PLDT, Inc., formerly known as the Philippine Long Distance Telephone Company ( fil, Kompanya ng Teleponong Pangmalayuan ng Pilipinas), is a Philippine telecommunications, internet and digital service holdings company. It is one of the country's ...
last March 2011. As part of the deal, JG Summit will have a 12% share in PLDT. It was finalized by the
National Telecommunications Commission
The National Telecommunications Commission (NTC; fil, Pambansang Komisyon sa Telekomunikasyon) is an attached agency of the Department of Information and Communications Technology responsible for the supervision, adjudication and control over ...
last October 26, 2011.
*
Far East Bank and Trust Company - Sold the shares to
BPI during the time PCIBank was acquired by
Equitable, the
GSIS and the
SSS.
*
Philippine Commercial International Bank (PCI 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.
References
Further reading
*
*
*
*
External links
JG Summit corporate website
Gokongwei Group
Companies listed on the Philippine Stock Exchange
Companies based in Pasig
Conglomerate companies of the Philippines
{{Asia-company-stub