Diversified conglomerate San Miguel Corporation (SMC) has committed to double to P2 billion the budget for its ambitious, five-year project to clean up and rehabilitate the Pasig River. The project is in partnership with the Department of Environment and Natural Resources (DENR), other national...
San Miguel Corporation is confident of sustaining its recovery this year after its pandemic strategy led to the reversal of losses in the first half of 2020 to respectable gains in the second semester. During the firm’s annual stockholders’ meeting, SMC Chief Finance Officer Ferdinand K....
The Philippines, a developing country with one of the longest hard lockdowns during the pandemic the world has seen, issued a call to the trade ministers of the 21-member countries of the Asia Pacific Economic Cooperation for equitable access to COVID-19 vaccines. At the Asia-Pacific Economic...
The Fiscal Incentives Review Board (FIRB) has adopted the framework for the grant of incentives to qualified industries under the government’s Strategic Investment Priorities Plan (SIPP). As provided in the newly enacted Corporate Recovery and Tax Incentives for Enterprises (CREATE) Law that...
Trade and Industry Secretary Ramon M. Lopez is pushing for shorter quarantine policy for vaccinated persons, including seniors 65 years old and above, and foreign travelers, who have been discouraged to fly into the Philippines because of the long quarantine period. At the Commitment Ceremony and...
SM North EDSA receives Safety Seal certification The Safety Seal ceremony at SM North EDSA On June 5th, 2021, SM City North EDSA was named the first mall in Quezon City (QC) to be awarded the Safety Seal certification from the local government. This Safety Seal is given when the establishment shows...
The Philippine Stock Exchange (PSE) and its partner school De La Salle-College of Saint Benilde, Inc.’s (DLS-CSB) School of Professional and Continuing Education (SPaCE) will launch the first online Certified Securities Specialist Course (CSSC) on June 26. In a statement, the PSE said the course...
Diversified conglomerate San Miguel Corporation (SMC) reported that it has waived toll fees for medical workers amounting to P230.7 million as of June 2, as part of its support for front liners against the COVID-19 pandemic. The free toll program, which regularly benefits more than 10,000 medical...
The Philippine Stock Exchange (PSE) reported that growth of online stock market accounts continued to outpace its traditional counterpart for the third consecutive year. Online accounts now have the lion’s share of 67.0 percent of total stock market accounts in 2020 after increasing by 19.7...
San Miguel Foods and Beverage Inc., a subsidiary of diversified conglomerate San Miguel Corporation, is allotting P30 billion for capital expenditures this year. SMFB President and CEO Ramon S. Ang During the firm’s annual stockholders’ meeting, SMFB President and CEO Ramon S. Ang said the...
An executive order granting P3-billion subsidy package for the electric vehicle manufacturing sector has been submitted to Malacanang and is awaiting approval by President Duterte as part of the incentives to encourage more investments to modernize the transport sector and to support the...
Trade and Industry Secretary Ramon M. Lopez said the domestic economy is still on track for a V-shaped recovery with improved investment climate this year. Lopez, who spoke at today’s listing ceremony of Nissin Monde Corp. initial public offering — the largest in the Philippine Stock Exchange...
