Final answer:
The three known families who owned the big corporations in the Philippines are Ayala Corporation, SM Investments Corporation, and JG Summit Holdings, Inc.
Step-by-step explanation:
The question is asking for information about three well-known families who own large corporations in the Philippines. These family-owned corporations have played a significant role in the economic landscape of the Philippines. In recent times, many corporations from around the globe, including the United States and various European countries, have also found a fertile environment for business process outsourcing (BPO) operations in the country, thanks to the lower wage costs compared to Western standards. Large Filipino corporations that are often family-owned have diversified their interests from traditional industries such as sugar plantations into various other sectors, further boosting their wealth and influence. In the Philippines, there are three known families who owned big corporations:
- Ayala Corporation: Founded by the Ayala family, this corporation is one of the oldest and largest conglomerates in the country, involved in various industries such as banking, real estate, and telecommunications.
- SM Investments Corporation: Owned by the Sy family, SM Investments is a major player in retail, property development, and banking.
- JG Summit Holdings, Inc.: This conglomerate is controlled by the Gokongwei family and has interests in food and beverage, airlines, telecommunications, and property development.