LCS Holdings
 | |
| Company type | Holding company |
|---|---|
| Industry | Conglomerate |
| Founder | Luis Crisologo Singson |
Key people | Luis Crisologo Singson, Chairman Richelle Singson, Vice Chairperson |
| Subsidiaries |
|
| Website | www |
LCS Group of Companies, also known as LCS Holdings Inc., is a Philippine conglomerate. The LCS Group is founded by Filipino politician Luis Crisologo Singson who serves as its chairman.
Ventures[edit]
Aviation[edit]
The LCS Group operates a charter airline known as Platinum Skies, which was incorporated in 2013.[1][2]
Energy and mining[edit]
Satrap Mining Corporation is a subsidiary under the LCS Group founded in 2014. It operates and manages renewable energy power plants mostly in Ilocos Sur. It also has a partnership with Philippine National Oil Company (PNOC) regarding the exploration of use of renewable energy for off-grid areas.[3]
Satrap Mining Corporation is a subsidiary under the LCS Group engaged in mining. It was established in 2014.[1]
Finance[edit]
Through HalloHallo Skylark Lending, Corp., the LCS Group runs a loaning service known as Casha.[1]
Telecommunications[edit]
The LCS Group through Gracia Telecoms provides telecommunications services in Mindanao.[4] In 2018, the LCS Group expressed interest to participate in a government-sanctioned bidding which would enable it to become the third major telecommunications provider in the Philippines alongside Globe Telecom and Smart–PLDT. The conglomerate formed a consortium called Sears Telecom with TierOne Communications International. TierOne is backed by Chinese firm Fujian Torch Electron Technology, Singaporean company Miller Pte. Ltd., and Cambodia-based Southeast Asia Telecom.[5] The consortium touted itself as the only bidder planning to use satellite internet access by deploying portable Wi-Fi hotspots connected via satellite.[4] LCS was not among the three entrants to the bidding,[6] which was eventually won by Mislatel, which renamed themselves as Dito Telecommunity.
Events[edit]
The LCS Group spent $15 million to host the 2016 Miss Universe pageant in the Philippines in January 2017, around $12 million alone spent to secure the hosting rights from the Miss Universe Organization.[1]
References[edit]
- ^ a b c d Pascual, Jamaica Jane (February 2, 2017). "After $15-M bill for Miss Universe: Inside the wealth of Chavit Singson". GMA News. GMA News Research. Retrieved March 10, 2021.
- ^ Romulo, Mons (October 29, 2019). "Her father's daughter". The Philippine Star. Retrieved March 10, 2021.
- ^ Rivera, Danessa (August 27, 2019). "PNOC, Singson firm explore off-grid renewable energy". The Philippine Star. Retrieved March 10, 2021.
- ^ a b Valdez, Denise (November 7, 2018). "Win or lose, Singson-led consortium will pursue telco expansion". BusinessWorld. Retrieved November 12, 2018.
- ^ Fernandez, Butch (November 8, 2018). "With 3rd player, Poe sees telecom reforms". BusinessMirror. Retrieved November 12, 2018.
- ^ "A quick look at the three firms that submitted bids to be third telco". The Philippine Star. November 7, 2018. Retrieved November 12, 2018.