JG Summit Holdings Inc. President and CEO Lance Gokongwei has bagged this year's EY-Bank of Singapore Asean Entrepreneurial Excellence (AEE) award for his "leadership and contribution to the Southeast Asian business landscape."

Gokongwei is set to receive the award in Singapore today, Nov. 18.

The AEE award, sponsored by consulting firm EY and with Bank of Singapore as its presenting title sponsor, is a recognition of successful Southeast Asian business leaders who drive economic growth and create positive change for the region.

Gokongwei was recognized for his focus on innovation, inclusive growth, and sustainability across JG Summit, helping the company to position itself as a key driver of economic progress in the region.

"I want to make a positive and lasting difference in everything I can do and pay it forward," Gokongwei said in a statement.

Through subsidiaries Universal Robina Corp. (URC) and Cebu Air Inc. (CEB), JG Summit has broadened its presence across the region.

URC has operations in major markets in the region, including Hong Kong, Indonesia, Malaysia, Singapore, Thailand, Myanmar and Vietnam, while CEB-operated low-cost airline Cebu Pacific is said to have contributed to regional connectivity.

The AEE also noted that Gokongwei's digital banking venture GoTyme, launched with Singapore's Tyme Group, was supporting financial inclusion through digitalization by providing Filipinos with easy access to banking services.

His role in advancing the goals of the Asean Economic Community was also cited.

JG Summit reported a net income of P17.9 billion in the nine months to September this year, up 16 percent from a year ago, on robust revenues of P277 billion backed by strong demand for travel, food and beverage products, and higher utilization of petrochemical facilities.

JG Summit shares closed Friday up 1.6 percent at P22.20 each.

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