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JG Summit Holdings President and Chief Operating Officer Lance Gokongwei says the family-run conglomerate sees financial services and logistics as pillars for future growth. (Photo by Lester Babiera)

Philippines' JG Summit to quadruple banking assets

Gokongwei heir wants new businesses to back-stop core units

CLIFF VENZON, Nikkei staff writer | Philippines

MANILA -- Philippine conglomerate JG Summit Holdings plans to quadruple its banking unit's assets by 2020 and expand into logistics to drive longer-term growth, President and Chief Operating Officer Lance Gokongwei told the Nikkei Asian Review.

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