JGSHI

(redirected from JG Summit Holdings Inc.)
AcronymDefinition
JGSHIJG Summit Holdings Inc.
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With a vision to become the leading digital conglomerate in the Philippines, JG Summit Holdings Inc. aims to achieve this goal through a digital transformation journey that will embed digitalization in its core business strategies to meet the evolving needs and lifestyle not just of its customers, but also of its employees.
In December 2018, the long-term operations and maintenance of Clark International Airport was bagged by the consortium of Singapore's Changi Airport and local conglomerates JG Summit Holdings Inc. and Filinvest Development Corp.
JG Summit Holdings Inc. said its net income dropped 29 percent last year to P27.89 billion, from the previous year's P39.51 billion dragged by its airline and food units due to higher fuel and input costs, and the weaker peso.
Other prospective bidders include Zurich Airport, Sojitz Philippines Corp., Deloitte, VCorp Holdings, Udenna Corporation, Malaysia Airports, GMR, Ayesa Engineering, Clarkfield Aviation Services, Mitsubishi Corporation, Macquarie, JG Summit Holdings Inc., Halder and Associates, PAL Express, Samsung, Aboitiz Infra Capital, PSI Air, Air Asia, Evercon Builders, Miescor Logistics Incorporated, Century Properties, and AviAlliance
Ltd., Filinvest Development Corp., JG Summit Holdings Inc. and Philippine Airport Ground Support Solutions Inc.
Among the initial donors are SM Investment Corp., Belle Corp., RFM Corp., Alaska Milk Corp., Tanduay Distillery, JG Summit Holdings Inc., Megawide Construction Corp., International Container Terminal Services Inc.
Based on the 17th annual Global 2000 roster (www.forbes.com/global2000) released by Forbes on Thursday, the Philippine companies that made it were: BDO Unibank, SM Investments Corp., Top Frontier Investment Holdings (the controlling shareholder of conglomerate San Miguel Corp.), Ayala Corp., Metropolitan Bank and Trust Co., and JG Summit Holdings Inc.
It will soon be operated by a consortium composed of JG Summit Holdings Inc., Filinvest Development Corp.
JG Summit Holdings Inc. is aiming to grow its core net income by "low to mid teens" this year after chalking a 48.7 percent jump in core profit to P20.3 billion in 2014.
, the Gokongwei Group's JG Summit Holdings Inc., and Metro Pacific Investments Corp.