AGI ramps up digital strategies
MANILA, Philippines — Alliance Global Group Inc. (AGI), the listed conglomerate of tycoon Andrew Tan, is ramping up digital strategies as it braces for the new normal.
Kevin Tan, AGI chief executive officer, said the pandemic is accelerating the company’s digitalization efforts across businesses.
“These involve investments in e-commerce applications, interactive customer service management, and contactless online transactions, among others. This should help us navigate the business environment and provide our customers with the enhanced services they need under the new reality,” Tan said.
AGI has varied interests spanning real estate through Megaworld Corp; leisure, entertainment and hospitality through Travellers International Hotel Group; spirits manufacturing through Emperador Inc.; quick service restaurants through Golden Arches Development Corp. (GADC), popularly known as McDonald’s Philippines; and infrastructure developments through Infracorp.
Moving forward, the company is optimistic it can hurdle the challenges brought about by the coronavirus disease 2019 or COVID-19 pandemic.
Last year, AGI posted a net income of P27.1 billion, up 15 percent year on year. Consolidated revenues rose to P180 billion.
Tan said its strong performance last year puts AGI on a strong and healthy financial footing to survive the pandemic.