JG Summit looks to take flight

The Philippine conglomerate tells FinanceAsia that it is looking to bulk up in areas in which it is already operating but is wary of dabbling in too many businesses.
Lance Gokongwei (L) and his father John Gokongwei.
Lance Gokongwei (L) and his father John Gokongwei.

Lance Gokongwei, the president and chief operating officer of JG Summit, ushers us into his office at Robinsons-Equitable Tower in Manila, stacked with papers, airplane models and a cupboard full of snacks produced by JG Summit’s subsidiary Universal Robina Corp. Despite being the only son of one of Philippines wealthiest men John Gokongwei he remains down-to-earth and understated.

Speaking quietly, he told FinanceAsia about how his father, who left Xiamen, China at a young age to carve out his fortunes in Cebu, has influenced him.

“I hope I learnt something from him because he started with nothing over 70 years ago and built a very successful...

¬ Haymarket Media Limited. All rights reserved.

FinanceAsia has updated its subscription model.

Registered readers now have the opportunity to read 5 articles from our award-winning website for free.

To obtain unlimited access to our award-winning exclusive news and analysis, we offer subscription packages, including single user, team (2-10 users), or office-wide licences.

To help you and your colleagues access our proprietary content, please contact us at subscriptions@financeasia.com, or +(852) 2122 5222

Article limit is reached.

Hello! You have used up all of your free articles on FinanceAsia.

To obtain unlimited access to our award-winning exclusive news and analysis, we offer subscription packages, including single user, team (2-10 users), or office-wide licences. To help you and your colleagues access our proprietary content, please contact us at subscriptions@financeasia.com, or +(852) 2122 5222