Creating Value Through Diversity
The Gokongwei Group encompasses all the companies in the Gokongwei family’s diversified portfolio, which includes JG Summit Holdings, Inc., Robinsons Retail Holdings, Inc., Summit Media, the Gokongwei Brothers Foundation, and other privately held firms.
The group’s vast ecosystem leverages on the strategic advantages of diversity in the business world. By spanning a broad spectrum of industries, the conglomerate not only ensures resiliency in the face of economic fluctuations in any one sector, it also creates opportunities for synergy and cross-pollination of ground-breaking, innovative ideas. Adeptly managing this intricate web of businesses, the Gokongwei Group can pool knowledge, resources, and customer bases across its various arms, fostering stability and driving sustainable growth in a dynamic and ever-evolving market landscape.
The Gokongwei Group ("Group") is a collective reference to the various enterprises/companies, established by the Gokongwei Family, involved in diversified businesses in the Philippines and the ASEAN region. The Group includes JG Summit Holdings, Inc. together with its respective subsidiaries and affiliates, Robinsons Retail Holdings, Inc. together with its subsidiaries and affiliates, and the Group's philanthropic arm, the Gokongwei Brothers Foundation, among other business entities.
In addition to its evolving strategic business interests,
the Gokongwei Group is actively involved in various corporate
social responsibility initiatives, including
education, community
development, and environmental sustainability.
JG Summit Holdings, Inc.
The holding company of the Gokongwei family’s varied businesses, JG Summit was incorporated
on November 23, 1990. Today, its core businesses represent interests in food and beverage, agro-industrial products, and other commodities through Universal Robina Corporation (URC); real estate, hotels, and resorts through Robinsons Land Corporation (RLC); air transportation through Cebu Air, Inc. (CEB); and petrochemicals through JG Summit Olefins Corporation (JGSOC), among others. The holding company made its listing debut on the Philippine Stock Exchange on August 9, 1993.
www.jgsummit.com.ph
With JG Summit’s strategic business units (SBUs) taking the lead in employing bold, innovative, yet calculated strategies, the Group is able to fully realize the potential of its diverse portfolio. These businesses, while operating independently, methodically play off each other’s strengths and core competencies to create synergies, enhance customer experiences, and generate additional revenue streams.
The strategic business units of JG Summit are the key areas of its operational expertise, and account for the holding company’s main sources of revenue.
Universal Robina Corporation
Universal Robina Corporation (URC) is a leading Filipino food and beverage company, known for its extensive range of consumer products, including snacks, beverages, and agro-industrial products. Its Great Taste, Nova, and Cloud 9 brands have long been household names. Jack 'n Jill, Piattos, Cream O, and C2 brands are have gained international recognition as well.
The company's commitment to quality, innovation, and sustainability have fueled its growth beyond the Philippines, making it a key player in the regional and global food industry. URC's diverse product portfolio caters to the evolving tastes and preferences of consumers, driving its continued success.
Cebu Pacific
Officially incorporated as Cebu Air, Inc., Cebu Pacific is the country’s leading carrier. Renowned for democratizing air travel, Cebu Pacific has a vast network of domestic and international routes, making it a popular choice for travelers. The airline operates one of the youngest airline fleets in the world, and has shown a firm commitment to achieving greater sustainability in its operations. Cebu Pacific has played a crucial role in boosting tourism and connecting people across the Philippines and various destinations in Asia and the Middle East, contributing significantly to the country's aviation industry and economic growth.
Robinsons Land Corporation
The real estate arm of JG Summit, Robinsons Land Corporation (RLC), is celebrated for its diverse and dynamic property development projects. Widely recognized for creating vibrant and sustainable master-planned communities, RLC has developed more than 50 lifestyle centers, 40+ office buildings and co-working spaces, more than 25 hotels and resorts, nearly a hundred residential condominiums, over 40 housing subdivisions, 9 logistics and industrial facilities, and more than 25 mixed-use developments and destination estates— and is still growing.
RLC is committed to enriching lifestyles and transforming cityscapes through well-designed and meticulously crafted developments. Its track record of excellence has solidified its position as a leading real estate player in the Philippines, driving economic development while enhancing urban living experiences.
In 1992, our founder, John Gokongwei Jr. donated half of his personal shares in JG Summit Holdings Inc., to establish the Gokongwei Brothers Foundation (GBF), with contributions from his brothers Johnson, Henry and James. GBF continues to be the largest shareholder of JG Summit.
The brothers believed education could be the foundation of a strong Philippine economy.
Its core thrust is to advance Science, Technology, Engineering and Math (STEM) education, believing this is the driving force behind attaining sustainable national development and progress. GBF takes part in the learning journey of Filipino educators and learners through scholarships, institutional support, quality learning materials, upskilling programs, and advocating for excellence in STEM.
GBF is the manifestation of the family's commitment to giving back to the country, nurturing the growth and well-being of the Filipino, and building the future through education.
Among the Gokongwei Group’s member companies, JG Summit Holdings possesses the greatest number of diversified industries under its fold. As such, it provides the most opportunities to create mutually beneficial partnerships or collaborations both within and outside the Group.
Within the Gokongwei Group, our ecosystem plays encourage innovation by enabling collaboration and knowledge sharing among our companies. Outside the group, we have entered into strategic long-term partnerships with external companies to further enhance our ecosystem; through prudent collaboration with like-minded partners, we can grow our expertise in adjacent sectors, maximize our resources sustainably, and reach out to a broader customer base.
As we further develop and refine our ecosystem plays, the Gokongwei Group sharpens its competitive advantage by offering unique and comprehensive solutions to customers, leveraging the strengths of our diverse businesses, and adapting more effectively to dynamically evolving market demands.
GoTyme Bank Corporation
By partnering with Tyme, a multi-country digital banking group, key entities of the Gokongwei Group entered the innovative digital banking arena. The result of the partnership, GoTyme Bank, combines the diverse ecosystem of the Gokongwei Group with TymeBank's secure global digital banking platform, which has catered to more than 8 million customers in South Africa since the start of its commercial operations in
February 2019.
One of the first six entities to be granted a digital banking license by the Bangko Sentral ng Pilipinas, GoTyme Bank commercially launched in October 2022, and attracted
3 million customers in just 18 months.
With its unique “phygital” model, GoTyme provides secure and easy onboarding through both an app and digital kiosks conveniently located throughout the retail footprint of the Gokongwei Group. The unique “Bank where you shop”
proposition effectively leverages on the Gokongwei Group’s extensive ecosystem that is highly integrated into the daily lives of Filipinos—where they already shop, eat, and spend family time.
GoTyme Bank aims to unlock the financial potential of the Filipinos through innovative, simple, beautiful banking products and services that empower its customers with new ways of spending, saving, investing and managing their money.
Luzon International Premiere Airport Development Corp.
The Gokongwei Group’s competency in the real estate development and aviation sectors gave us the confidence to participate in LIPAD Corp., the multi-sectoral consortium between four major Philippine companies — JG Summit Holdings, Filinvest Development Corporation, Philippine Airport Ground Support Solutions (PAGSS), and Changi Airports Philippines Pte. Ltd. LIPAD secured the operations and maintenance contract for Clark International Airport (CRK) in 2018, with the mission of elevating CRK into a premier aviation hub, offering excellent facilities, and services for travelers.
In 2022, LIPAD opened Clark International Airport's new terminal to the public, and all international and domestic flights from Clark International Airport were transferred to the new terminal. With an annual capacity of 8 million passengers, CRK serves as an alternate entry point to the Philippines and alleviates congestion at Manila's primary airport. The airport's strategic location and ongoing developments to further improve efficiency aim to meet the rising aviation needs in the region and contribute to the country's economic progress.
DHL Summit Solutions Inc.
Combining the logistics expertise of DHL Supply Chain with the market knowledge and customer base of JG Summit Holdings, DHL Summit Solutions (DSSI) aims to deliver world-class domestic transport operations in the Philippines, supporting customers in capitalizing on growth opportunities.
In the Gokongwei Group, it has two key clients, URC and Robinsons Supermarket. With DSSI as their reliable and responsive partner, the two companies were provided with robust logistics solutions, key drivers in their success.
These are just two examples of DSSI’s sensitivity to its clients’ needs, showing agility despite global challenges and volatile economic conditions that pushed fuel prices to record highs.
In the next five years, DSSI will continue to increase its presence and credibility in the Philippine transportation landscape. Leveraged by its Connected Control Tower capabilities, DSSI will increase its service from Luzon transportation to include inter-island containerized movement, by partnering with major shipping lines.
The Gokongwei Group has made significant investments in the following companies or corporations, where we are only involved through board participation.
Meralco
JG Summit is the second-largest shareholder in Manila Electric Company (Meralco), holding 26.37% of the company’s outstanding shares. Meralco is the largest electric distribution utility in the Philippines. Serving the Greater Manila Area and its surrounding regions, Meralco distributes electricity to millions of households, businesses, and industries.
PLDT
JG Summit is currently involved in the telecommunications industry through its ownership of an 11.27% stake in PLDT, Inc. PLDT is the leading telecommunications service provider in the Philippines, providing a wide range of services, including fixed-line and mobile phone services, internet, and data connectivity.
Singapore Land
Outside of the Philippines, JG Summit has investments in Singapore Land Group Limited (SingLand), previously United Industrial Corporation Limited. SingLand’s diverse real estate portfolio encompasses commercial offices, residential and retail properties, and hotels. The company currently boasts 2.7 million square feet of office space and 1 million square feet of retail space in Singapore alone.
BPI
Established in 1851, Bank of the Philippine Islands (BPI) is one of the most prominent and trusted financial institutions in the Philippines. A universal bank, it offers a comprehensive range of banking services, including deposits, loans, investments, and electronic banking. The merger between BPI and the Gokongwei Group’s Robinsons Bank is already effective as of January 1, 2024.
Robinsons Retail Holdings, Inc.
The retail arm of the Gokongwei Group, Robinsons Retail Holdings Inc. (RRHI) is one of the Philippines’ largest multi-format retailers. After opening the first Robinsons Department Store in Manila in 1980, Robinsons Retail has since expanded to operate
an extensive array of retail formats including supermarkets, convenience stores, drugstores, and other specialty stores. Its well-known banners, such as Robinsons Supermarket, Robinsons Department Store, and Uncle John’s, cater to a broad spectrum of consumer needs, providing quality products, convenience, and value to its customers.
www.robinsonsretailholdings.com.ph
Gokongwei Group
Member Companies
The following affiliates are business entities with a direct or indirect connection to the Gokongwei Group.
Data Analytics Ventures Inc.
DAVI is the Gokongwei Group’s data analytics company. It manages Go Rewards, the loyalty program of the Gokongwei Group.
It plays a pivotal role in driving consumer insights through data science. This combination enables GoRewards to deliver rewarding experiences and harness data to fuel business growth.
Beyond acting as custodian owner of consumer data generated from its loyalty program, DAVI's expert data scientists and analysts transform raw data into actionable strategies. DAVI’s proficiency in interpreting customer trends and behavior can drive transformative engagement, higher customer retention, and business growth.
At the end of 2023, DAVI piloted the launch of its groundbreaking recommendation system that harnesses the intrinsic value of customer loyalty data to redefine personalization. By tapping into the wealth of insights derived from customer loyalty data, DAVI is now able employ machine learning algorithms to curate recommendations tailored to individual preferences. This level of personalization not only enhances the user experience but also propels business impact by driving increased engagement and sales.
Go Global Business Services, Inc.
Go Global Business Services (GoGBS) is the Gokongwei Group’s Global Business Services organization. Established in 2013 as the Philippines’ first multi-function, multi-industry shared services organization, we have evolved from being a transactional support center into a strategic partner that enables business growth, operational excellence, and digital transformation across the Group.
Today, GoGBS delivers integrated, technology-enabled services spanning Accounting, Human Resources, Procurement, Data & AI, Timekeeping and Payroll, and other enterprise support functions. By bringing together specialized expertise, standardized processes, and digital capabilities, we enable the business units we support to focus on their core operations while we help transform how shared services work gets done.
JG Digital Equity Ventures, Inc.
JGDEV, the corporate venture capital arm of JG Summit, was founded in 2019 to bolster the conglomerate’s efforts in its digital transformation journey by introducing new technologies and talented entrepreneurs across the region to further strengthen the Gokongwei Group drive for innovation and growth.
It uses the Group’s deep sector knowledge to identify, invest in, and collaborate with promising early-stage start-ups in Southeast Asia, while leveraging ecosystem synergies to create mutual value-adding opportunities.
Since 2019, JGDEV has invested in over 10 start-ups, primarily in core sectors such as e-commerce, fintech and enterprise tech. Key investments include Growsari, a B2B platform that has helped digitize thousands of sari-sari stores in the country; Tyme Bank, with whom the Gokongwei Group formed GoTyme, a fast-growing digital bank launched in the Philippines in 2022; and Darwinbox, a global provider of cloud-based HR Management Software.
Among JGDEV's most recent investments are Locad, a platform which provides end-to-end order fulfillment to consumer brands via its regional network of warehouses and shipping partners; and Wavemaker Impact, the first VC-backed climate tech venture builder in Southeast Asia.
MaxiGroup
MaxiGroup brings together the unparalleled expertise of Maxicare Healthcare Corporation, its healthcare services arm MaxiHealth, and its life insurance provider MaxiLife to deliver seamless, holistic health and financial security to Filipinos. Since 1987, Maxicare has consistently led the Philippine HMO industry, serving the largest number of members and achieving top revenue shares year after year. With over 1.8 million members, Maxicare provides comprehensive health plans supported by one of the country’s most extensive networks of doctors, hospitals, and clinics.
MaxiGroup unites MaxiHealth's expanding clinic network, MaxiLife's innovative insurance solutions, and Maxicare's trusted services to promote health, well-being, and financial resilience. Committed to excellence and innovation, MaxiGroup empowers Filipinos to live their best lives with comprehensive, accessible care.
NUSTAR Resort and Casino
NUSTAR Resort and Casino is a five-star luxury integrated resort in Cebu developed and operated by Universal Hotels and Resorts, Inc., a privately owned company of the Gokongwei family. The expansive 9-hectare development by the waterfront includes restaurants, a mall, convention center, gaming facility, and hotels
Peak Fuel Corporation
Peak Fuel Corporation (Peak Fuel) is a subsidiary of JG Summit Olefins Corporation, primarily engaged in the importation and wholesale supply of liquefied petroleum gas (LPG) to the local market.
Year-on-year, Peak Fuel has consistently expanded its presence and share in the domestic LPG market to become a trusted and reliable LPG supplier in the country.
Peak Fuel supplies LPG to refillers and marketers, who in turn, service dealers, retail outlets, and end-users from the residential, commercial, and industrial sectors across the country.
Summit Media
Established in 1995, Summit Media is a multimedia company with operations in digital media, out-of-home media, book publishing, and other forms of interactive digital and on-the-ground content. Summit Media stands as the leading digital lifestyle network in the Philippines that provides high-impact and experiential marketing solutions.
Unicon Insurance & Reinsurance Brokers Corporation
Unicon is one of the country’s leading insurance brokers, providing personalized risk management solutions to our clients and partners, with over 3.5 billion combined net premiums generated as of 2023. We offer diverse insurance products, such as fire insurance, motorcar insurance, personal accident insurance, engineering insurance, travel insurance, and miscellaneous insurance, among others.
Started as an in-house insurance broker of the Gokongwei Group in 1980, Unicon continues to expand through the merging of Robinsons Bank and Bank of the Philippine Islands (BPI), having the business backed by two major conglomerates in the Philippines. Moreover, we have established our Cebu branch and acquired our Reinsurance License to fulfill our duty to create secure and thriving communities and deliver exceptional service and expertise to our stakeholders.
At Unicon, we stay true to our commitment to our clients—we go beyond to secure you.
Gokongwei Brothers Foundation
In 1992, founder John Gokongwei Jr., together with his brothers Henry, Johnson, and James,
established the Gokongwei Brothers Foundation (GBF) after donating half of his personal shares
in JG Summit Holdings, Inc. to the Foundation.
Guided by their belief that education is fundamental to building a strong economy and a progressive nation,
GBF has focused on advancing Science, Technology, Engineering, and Mathematics (STEM) education as a
catalyst for sustainable development.
Through scholarships, institutional support, teacher professional development, and collaborative partnerships, the Foundation continues to nurture Filipino talent and expand access to quality education.
Today, GBF remains the largest shareholder of JG Summit Holdings, Inc., providing the Foundation with a sustainable means to carry forward its founders’ vision: to help build the nation’s future through education.
www.gokongweibrothersfoundation.org