Vantage Energy, the retail electricity supplier affiliate of Manila Electric Co. (Meralco), has signed a Retail Electricity Supply Agreement (RESA) to energize 35 key properties of the Gokongwei Group across the country.
At a time of accelerating disruption—from artificial intelligence (AI) to mounting cybersecurity threats—PLDT Inc., Smart Communications, and JG Summit Holdings are calling for a redefined view of internal audit as a strategic ally, not just a watchdog.
Philippine conglomerate JG Summit Holdings Inc. climbed five spots to No. 50 in the 2025 Fortune Southeast Asia 500, marking a milestone as it celebrates its 35th founding anniversary.
MPower, the retail electricity supply unit of Manila Electric Co. (Meralco), has renewed its power supply contract with the Gokongwei Group, expanding its coverage to include a broader portfolio of companies across Luzon, the parties announced on Monday, June 23.
The Gokongwei family-led conglomerate JG Summit Holdings posted P98.2 billion in revenue and P4.4 billion in core profit in the first quarter of 2025, with revenue rising 2 percent year-on-year while core earnings fell 65 percent due to the absence of last year’s P7.9 billion bank merger gains.
JG Summit reported a 29-percent increase in core net income to P24.9 billion for full-year 2024, lifted by sustained topline growth and one-time gains from the merger of Robinsons Bank with Bank of the Philippine Islands.
Conglomerate JG Summit Holdings is cutting losses in its struggling petrochemicals business to focus on more profitable ventures while waiting for the industry to recover.
Tycoon Lance Y. Gokongwei’s transformative influence on Southeast Asia’s business landscape has earned him the prestigious EY-Bank of Singapore ASEAN Entrepreneurial Excellence Award.