Later founded JG Summit, a conglomerate with telecom, property, food, airline and textiles interests, that is celebrating fiftieth anniversary this year.

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Gokongwei says international banks charge JG Summit lower interest rates than PLDT, which has global depository receipts traded in New York.

CNN: DAD AND ME

These days, he devotes more time on the charitable projects of the Gokongwei Brothers Foundation, which owns 24% of JG Summit.

CNN: DAD AND ME