JG Summit considers exiting loss-making petrochemicals
JG Summit Holdings Inc., led by Lance Gokongwei, is considering exiting its loss-making petrochemicals business to improve overall results.
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Universal Robina
Also known as URC
Universal Robina Corporation (URC), a leading food and beverage company under the Gokongwei Group, is investing P10 billion to build a new production plant in Batangas that will be operational by the end of 2025. The company reported a slight decline in net income but an increase in core profit for the first quarter of 2025, driven by cost reductions and improving consumer sentiment.
This is an AI-generated summary based on recent coverage.
Last updated at July 31, 2025.
Recent stories about URC
URC reports 2% fall in net income, 4% rise in core income
Universal Robina Corp. (URC), the food manufacturing unit of the Gokongwei Group, reported a 2% decline in first-quarter net income to P4.3 billion, with core net income rising by 4% to P4.1 billion due to reduced costs.
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Local stocks rebound as US-China trade tensions ease
Local stocks rebounded on Friday as US President Trump's signals towards easing China tariffs improved investor sentiment, with the benchmark Philippines Stock Exchange index (PSEi) closing at 6,268.75 points.
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URC reports 2% net income drop, 3% sales growth
Universal Robina Corporation (URC), a Gokongwei Group subsidiary, reported a two percent decrease in net income to ₱12.5 billion for the year 2024.
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URC appoints Mian David as BCF president
Universal Robina Corp., part of the Gokongwei Group, has appointed Anna Milagros 'Mian' David as the first president of its branded consumer foods (BCF) business in the Philippines.
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PSE sees slight recovery, PSEi up 0.48%, All Shares Index up slightly
The Philippine Stock Exchange saw a slight recovery on Thursday as bargain hunters snapped up undervalued stocks following recent market declines.
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Marcos inaugurates URC flour mill in Quezon
President Ferdinand 'Bongbong' Marcos Jr. inaugurated a new flour milling plant by Universal Robina Corporation in Sariaya, Quezon on Friday.
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Philippine shares rise 0.62%, marking third straight day of gains
Philippine shares continued their upward trend on Tuesday, marking a three-day winning streak with the Philippine Stock Exchange index (PSEi) rising by 0.62% to 6,803.19 and All Shares increasing by 0.33% to 3,812.18.
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Philippine shares flat as foreigners buy PHP145.73M
Local shares closed flat on Wednesday as the benchmark Philippine Stock Exchange index (PSEi) slipped by 0.01 percent to 6,882.12, with a total of 653.58 million shares worth PHP5.55 billion traded.
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JG Summit reports 43% net income growth, driven by BPI merger gain
JG Summit Holdings Inc., part of the Gokongwei family's conglomerate, reported a 43% increase in attributable net income to P14.8 billion for the first half of 2024.
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