JG Summit Holdings, Inc. (JGSHI) is one of the largest
conglomerates in the
Philippines
The Philippines, officially the Republic of the Philippines, is an Archipelagic state, archipelagic country in Southeast Asia. Located in the western Pacific Ocean, it consists of List of islands of the Philippines, 7,641 islands, with a tot ...
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 oth ...
, and telecommunications. Key subsidiaries include
Universal Robina
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 Corporat ...
and
Cebu Pacific. Incorporated in November 1990, JG Summit Holdings was founded by
John Gokongwei Jr., one of the wealthiest individuals in
Southeast Asia
Southeast Asia is the geographical United Nations geoscheme for Asia#South-eastern Asia, southeastern region of Asia, consisting of the regions that are situated south of China, east of the Indian subcontinent, and northwest of the Mainland Au ...
.
In 2010, JGSHI was one of the ten most profitable companies on the
Philippine Stock Exchange
The Philippine Stock Exchange, Inc. (; ) 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. Including previous forms, the exchange has ...
.
Companies
Manufacturing
* JG Summit Olefins Corporation
** Peak Fuel Corporation
*
Universal Robina Corporation – is one of the largest branded consumer food and beverage product companies in the Philippines.
Real estate
* Robinsons Land Corporation
**
Robinsons Malls
**
Go Hotels
** Robinsons Hotels & Resorts
**
Summit Hotels and Resorts
** Robinsons Offices
** RLC Residences
** Robinsons Destination Estates (
Bridgetowne)
** Robinsons Logistix and Industrials, Inc.
* Singapore Land Group Limited (37.04%)
Air transport
*
Cebu Pacific
**
AirSWIFT
**Aviation Partnership Philippines
**
Cebgo
**1Aviation Groundhandling Services Corp (40%)
* LIPAD Corporation (operator of
Clark International Airport) – a consortium with
Filinvest Development Corporation, Philippine Airport Ground Support Solutions Inc., and
Changi Airports Philippines Pte. Ltd.
Financial
*
Bank of the Philippine Islands
The Bank of the Philippine Islands ('';'' '','' commonly known as BPI; ) is a universal bank in the Philippines. It is the oldest bank in both the Philippines and Southeast Asia. It is the fourth largest bank in terms of assets, the second lar ...
(9.0292%)
*
GoTyme Bank (joint venture with
Tyme Group)
Utilities
*Global Business Power Corporation (30%)
*
PLDT, Inc. (11.27%)
*
Meralco
The Manila Electric Company, also known as Meralco (, , stylized in uppercase), 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 3 ...
(29.56%)
Others
*
Robinsons Retail
*
Summit Media
Summit Publishing Co., Inc., doing business as Summit Media, is a Philippine digital media and publishing company. Founded in 1995, the company owns several entertainment and lifestyle media websites in the Philippines. Summit Media began as ...
* JG Digital Equity Ventures Inc.
* Data Analytics Ventures, Inc.
* Aspen Business Solutions Inc.
* DHL Summit Solutions Inc. (joint venture with
DHL
DHL (originally named after founders Dalsey, Hillblom and Lynn) is a multinational Import-Export Expert Company, founded in the United States and headquartered in Bonn, Germany. It provides courier, package delivery, and express mail service, ...
)
Former businesses
*
Digital Telecommunications Philippines (Digitel and
Sun Cellular) – Acquired by
PLDT in 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; ) is the telecommunications regulator of the Philippines.
It is an attached agency of the Department of Information and Communications Technology responsible for the supervision, adjudication ...
on 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.
*
Griffin's Foods (
New Zealand
New Zealand () is an island country in the southwestern Pacific Ocean. It consists of two main landmasses—the North Island () and the South Island ()—and List of islands of New Zealand, over 600 smaller islands. It is the List of isla ...
) – sold to
Intersnack, a subsidiary of German company
Pfeifer & Langen.
[
]
*
Snack Brands Australia (
Australia
Australia, officially the Commonwealth of Australia, is a country comprising mainland Australia, the mainland of the Australia (continent), Australian continent, the island of Tasmania and list of islands of Australia, numerous smaller isl ...
) – sold to
Intersnack, a subsidiary of German company
Pfeifer & Langen.
*
SIA Engineering (Philippines) Corporation – sold the remaining 35% ownership to SIA Engineering Company.
*
Robinsons Bank – merged with
Bank of the Philippine Islands
The Bank of the Philippine Islands ('';'' '','' commonly known as BPI; ) is a universal bank in the Philippines. It is the oldest bank in both the Philippines and Southeast Asia. It is the fourth largest bank in terms of assets, the second lar ...
.
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
Conglomerate companies established in 1990
1990 establishments in the Philippines
Philippine companies established in 1990
Multinational companies headquartered in the Philippines
Companies in the PSE Composite Index
Family-owned companies of the Philippines
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