Five of the country’s most influential business groups commended the initiative of tycoon Ramon Ang to address flooding in Metro Manila at no cost to the government or the public. In a joint statement, the Philippine Chamber of Commerce and Industry (PCCI) and its affiliate organizations, the...
Diversified conglomerate San Miguel Corp. (SMC) reported that its net income surged fivefold to ₱66.8 billion in the first six months of 2025 from ₱13.6 million in the same period last year, mainly due to one-time gains and the strength of its food, beverages, power, and infrastructure...
Ramon S. Ang-led San Miguel Global Power Corp. (SMGP) is seeking to expand its gas turbine power project in Zamboanga City. According to a notice from the Department of Environment and Natural Resources (DENR), Malita Power, Inc. (MPI), an SMGP subsidiary, has proposed to double its plant’s...
PHINMA Corp. reported a consolidated net loss of ₱226.92 million in the first half of 2025 from a profit of ₱170.93 million in the same period last year due to losses of its construction materials and property units amid “pressure from the macroeconomic environment and the impact of seasonal...
San Miguel Food and Beverage Inc. (SMFB), one of the core subsidiaries of diversified conglomerate San Miguel Corporation, registered a 15 percent growth in consolidated net income to ₱23 billion for the first half of 2025 due to its steady sales performance and improved cost management. In a...
Market challenges both domestically and internationally have dragged down the profit of Ramon S. Ang-led Petron Corp. for the first half of the year. In a disclosure to the Philippine Stock Exchange on Tuesday, Aug. 5, Petron reported ₱5.3 billion in net income for the first six months of 2025,...
In the late 2000s, Philippine business saw an intense corporate war as two of the country 's most aggressive conglomerates, Metro Pacific Investment Corp. (MPIC) of Manuel V. Pangilinan and San Miguel Corp. (SMC) of Ramon S. Ang, went to war for a single asset: Manila Electric Co. (Meralco)....
LINGAYEN, Pangasinan – Gov. Ramon Guico III pushed the dredging or large-scale excavation of rivers to address flooding in this province. Guico sought a comprehensive plan for drainage system reconstruction, pumping stations, and retention ponds. He said that the provincial government will dredge...
After more than a decade, tycoon Ramon S. Ang is back as a shareholder in power distributor Manila Electric Co. (Meralco). In a disclosure to the Philippine Stock Exchange on Wednesday, July 23, Ang-led San Miguel Corp. (SMC) confirmed reports that its unit, SMC Global Power Holdings (formerly...
The Philippine Stock Exchange (PSE) continues to do the groundwork with the Securities and Exchange Commission (SEC) for the launch of a new derivative product called Global Philippine Depository Receipts (GPDR), hopefully by next year. PSE President and CEO Ramon S. Monzon said their efforts to...
Ramon S. Ang-led San Miguel Corp. (SMC) is set to build a new passenger terminal at Godofredo P. Ramos Airport in Caticlan, the main gateway to Boracay Island, which is expected to increase the airport’s capacity to seven million passengers starting 2027. President Ferdinand “Bongbong” Marcos...
Despite uncertainties posed by United States (US) tariffs, the Philippine Stock Exchange’s (PSE) pipeline for capital to be raised at the bourse is getting more robust with the target for 2025 upgraded again, this time to ₱186.3 billion as more firms apply to list stocks for the second...
