Cebu Midtown and Manila Galleria Suites respectively. In addition, Gokongwei has also made forays into the Filipino financial services sector as he expanded his business interests by investing in two Filipino banks, PCI Bank and Far East Bank, in addition to negotiating the acquisition of one of the Philippines's oldest newspapers, The Manila Times. Gokongwei's eldest daughter became publisher of the newspaper in December 1988 at the age of 28, at which during the same time her father acquired the paper from the Roceses, a Spanish Mestizo family. Of the 66 percent remaining part of the economy in the Philippines held by either ethnic Chinese or indigenous Filipinos, Chinese Filipinos control 35 percent of all total sales. Filipinos of Chinese ancestry control an estimated 50 to 60 percent of non-land share capital in the Philippines, and as much as 35 percent of total sales are attributed to the largest public and private firms owned by the Chinese. Many prominent Filipino companies that are Chinese-owned focus on diverse industry sectors such as semiconductors, chemicals, real estate, engineering, construction, fibre-optics, textiles, financial services, consumer electronics, food, and personal computers. A third of the top 500 companies publicly listed on the Philippines stock exchange are owned by Filipinos of Chinese ancestry. Of the top 1000 firms, Filipinos of Chinese ancestry control 36 percent of them and among the top 100 companies, 43 percent. Between 1978 and 1988, 146 of the country's 494 top companies were under Chinese hands. Filipinos of Chinese ancestry are also estimated to control over one-third of the Philippines 1000 largest corporations with the Chinese controlling 47 of the 68 locally owned public companies. Filipino entrepreneurs of Chinese ancestry are also responsible for generating 55 percent of overall Filipino private business across the country. In addition, Chinese-owned companies account for 66 percent of the sixty largest commercial entities in the Philippines. In 2015, the top 4 wealthiest people in the Philippines (in addition to 10 out of the top 15) were of Chinese ancestry. As Chinese Filipino entrepreneurs became more financially prosperous, they often coalesced their financial resources and pooled large amounts of seed capital together to forge joint business ventures with expatriate Mainland and Overseas Chinese businessmen and investors from all over the world. Like other Southeast Asian businesses owned by those of Chinese ancestry, Chinese-owned businesses in the Philippines often link up with Greater Chinese and other Overseas