BPI-Robinsons merger may take effect earlier than anticipated ABS-CBN NewsPosted at Mar 03 01:58 PM JG Summit Holdings Inc said on Friday the merger between the Bank of the Philippine Island and Robinsons Bank Corp could take effect earlier than anticipated. Read more »
Robinsons Bank, BPI in discussion for 'potential' deal: JG Summit ABS-CBN NewsPosted at Sep 30 10:19 AM JG Summit Holdings Inc on Friday said it is in discussion with Bank of the Philippine Islands along with its unit Robinsons Retail Holdings Inc for a potential deal with BPI and Robinsons Bank Corp. Read more »
Metro Pacific raises stake in Meralco ABS-CBN NewsPosted at Jul 29 01:59 PM Metro Pacific Investment Corp on Friday said it has acquired more shares in Manila Electric Co. Read more »
JG summit net income hit P5.1 billion in 2021 ABS-CBN NewsPosted at Mar 30 02:02 PM JG Summit Holdings Inc said on Wednesday its total net income reached P5.1 billion in 2021 as the company benefitted from looser mobility restrictions in the second half. Read more »
Digital bank GOTyme eyes mid-2022 launch Jessica Fenol, ABS-CBN NewsUpdated as of Sep 24 07:29 PM JG Summit CEO Lance Gokongwei said Friday the group hopes to launch its digital bank GoTyme by the middle of next year. Read more »
JG Summit core net profit rebounds in H1 2021 ABS-CBN NewsPosted at Aug 12 04:56 PM JG Summit Holdings Inc.’s core net profits bounced back in the first half of 2021. Read more »
JG Summit, Filinvest, Changi Airports Philippines sign deal for stake in LIPAD Corp ABS-CBN NewsPosted at Jun 08 10:58 AM JG Summit Holdings on Tuesday said it signed a deal with Filinvest Development Corp, Philippine Airport Ground Support Solutions and Changi Airports Philippines defining ownership interest in the Luzon International Premier Airport Development Corp. Read more »
JG Summit posts 27-pct revenue decline in 2020 as pandemic disrupts business ABS-CBN NewsPosted at Mar 31 11:34 AM JG Summit Holdings Inc said Wednesday its core net income declined in 2020 but it has remained resilient due to its portfolio and agile response to the COVID-19 pandemic impact. Read more »
JG Summit invests in South African digital bank Tyme ABS-CBN NewsPosted at Feb 23 11:09 AM JG Summit Holdings Inc said Tuesday it acquired shares in a South African digital bank Tyme in "one of largest" fintech foreign investmentsin the country. Read more »
Meralco PowerGen absorbs, buys out 100 pct of Global Business Power ABS-CBN NewsPosted at Dec 23 04:48 PM Meralco PowerGen Corp (MGen), the power generation firm of Meralco, acquired 100 percent ownership of Global Business Power Corp (GBP) in a move to organize the group's power assets. Read more »
Megawide commits 'no flight delays' within 6 months after NAIA rehabilitation ABS-CBN NewsPosted at Nov 27 01:48 PM Megawide committed on Friday that there will be no flight delays after 6 months of taking over operations of the Ninoy Aquino International Airport (NAIA), confident of their expertise in airport operations. Read more »
JG Summit back in black as income rebounds in Q3 ABS-CBN NewsPosted at Nov 13 01:40 PM JG Summit Holdings Inc (JGS) said Friday it booked a consolidated net income of P844 million in the third quarter, after losing P720 million in the previous two quarters. Read more »
Planta sa Batangas nasunog ABS-CBN NewsUpdated as of Sep 27 05:50 PM Sa gitna ng kadiliman noong gabi ng Sabado, nagliwanag ang isang bahagi ng planta ng JG Summit Petrochemical Corp. sa Barangay Simlong, Batangas City dahil sa sunog. Read more »
JG Summit suffers H1 net loss, remains 'resilient' despite pandemic disruption ABS-CBN NewsPosted at Aug 14 12:08 PM JG Summit Holdings Inc said Friday it posted a net loss in the first half of the year, as it remained “resilient” due to its diversified portfolio that cushioned losses due to the impact of COVID-19. Read more »
Expansion project ng planta sa Batangas City ipinatigil dahil sa paglabag sa health protocols ABS-CBN NewsPosted at Aug 13 08:44 PM Ipinatigil ng lokal na pamahalaan ng Batangas City ang expansion project ng isang planta dahil sa paglabag sa health protocols at pagdami ng mga manggagawang nagpositibo sa COVID-19. Read more »
Gokongwei group goes 'head on' digital to keep up with pandemic ABS-CBN NewsUpdated as of Jun 15 02:53 PM The Gokongwei group is accelerating the digitization of its businesses as the coronavirus requires consumers to keep apart physically and spend carefully, its CEO said Monday. Read more »
Gokongwei group reviews businesses, eyes new normal after pandemic disruption ABS-CBN NewsUpdated as of May 14 08:53 AM MANILA -- The Gokongwei group is reviewing its business models to follow consumers in the "new normal" as pandemic disruptions hit its airline and retail arms, CEO Lance Gokongwei said Thursday. Read more »