After their game-changing partnership in telecommunications, businessman Manuel V. Pangilinan and tycoon John Gokongwei have formed a new alliance to jointly bid for the P17.5-billion Mactan Cebu International Airport passenger terminal redevelopment project.
After their game-changing partnership in the telecommunications business, businessman Manuel V. Pangilinan and tycoon John Gokongwei have formed a new alliance to jointly bid for the P17.5-billion Mactan Cebu International Airport passenger terminal redevelopment project.
The Gokongweis sold P3.2 billion worth of shares in JG Summit Holdings to diversify its investor base and meet strong market demand.
The rags-to-riches story of John Gokongwei is not uncommon among local taipans, but his decades-long journey to become one of the country’s wealthiest men is by no means ordinary. He had to crawl his way up, like most successful men. But now well into his 80s, and one of the Philippines’ wealthiest people, the founder [...]
A booming stock market has expanded the Philippines’ billionaires’ list to a record 11, with the combined wealth of the 40 richest also hitting an all-time high, Forbes.com said Thursday.
