A Legacy

"This year marks our anniversary. So, in a sense, it makes us one of the younger conglomerates in the Philippines.

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But the whole history started in 1954 with URC, so that would make us 71 years also," Lance told The STAR.

Lance took over as president and group CEO of JG Summit in 2018 and chairman of other subsidiaries and operating companies after his uncle, James Go, retired as CEO of the listed conglomerate but remained as chairman.

Asked where he wants to take the empire his father built in the next 35 years or so, Lance said JG Summit would continue to respond to the evolving needs of Filipino consumers.

"We're going to follow the consumer, whatever unmet needs the consumer has. We're going to re-emphasize our focus on the consumer business, which we're known for," he said.

New businesses This strategy is already evident in the group's foray into digital banking, health care and logistics—all essential services that Filipinos increasingly depend on.

"We're trying to provide innovation, trying to meet unserved needs through the creation of GoTyme, which is a leading digital bank in the Philippines," Lance said.