Corporate leaders of two Philippine businesses with ties to Guam have died.
Lucio ‘Bong’ Tan Jr., the president of Philippine Airlines Holdings, died Monday at the age of 53.
He is the son and designated successor of Philippine tycoon Lucio Tan who has extensive holdings on Guam including the Micronesia Mall, Philippine National Bank, Philippine Airlines, American Bakery, and a still undeveloped piece of prime property in Tumon which is being eyed for development as an upscale shopping mall.
John Gokongwei Jr., the founder and chairman emeritus of JG Summit Holdings, died on Saturday night at the age of 93.
JG Summit Holdings is one of the first multinational consumer conglomerates across the Asia-Pacific region with interests in property development, telecommunications, petrochemicals, food processing, and air transport.
Gokongwei founded Robinson’s, one of the most popular malls in the Philippines, and Cebu Pacific, the low-cost airline which disrupted the airline industry in the Philippines and started operations on Guam three years ago. Cebu Pacific is ending its Guam service next month, saying it is no longer viable.