The viral video of earth-balling activities along Roxas Boulevard only showed a portion of the entire process, the San Miguel Southern Access Link Expressway Corp. (SMC SALEX) said amid condemnation and concerns raised on social media. In a statement, the company said that there is a multi-step...
The proposed merger between the tollway businesses of San Miguel Corp. (SMC) and Metro Pacific Investments Corp. (MPIC) is on track for completion in the third quarter of the year, with the plan currently in the valuation stage. MPIC Chairman Manuel V. Pangilinan confirmed that both companies are...
ILOILO CITY – Department of Public Works and Highways (DPWH) Secretary Vince Dizon urged people to give San Miguel Corp. (SMC) time to address concerns over the P7.78-billion proposed bridge project for Boracay Island. “Let us allow them (SMC) to dialogue and continue talking,” said Dizon...
San Miguel Corp.’s tollway unit said its tree-clearing operations along a major Manila thoroughfare comply with government environmental mandates, seeking to defuse local opposition to a multi-billion peso infrastructure project aimed at easing the capital’s notorious gridlock. In a statement,...
The government rejected speculation that it is downscaling a major mass-transit infrastructure project, affirming that the Metro Rail Transit (MRT) Line 7 will proceed with its complete 14-station layout to connect Metro Manila with neighboring northern provinces. The Department of Transportation...
ILOILO CITY – People in Aklan province are supporting local government officials over the proposed Boracay bridge project. Last May 27, Aklan Gov. Jose Enrique “Joen” Miraflores announced that San Miguel Corp. (SMC) President and Chief Executive Ramon Ang told him and Aklan second district...
ILOILO CITY—Uncertainty loomed over the P7.78-billion Boracay bridge project after two conflicting pronouncements were issued. Residents and stakeholders in Malay town and the rest of Aklan province are awaiting if San Miguel Corp. (SMC) will continue with the proposed 2.54-kilometer bridge...
ILOILO CITY – San Miguel Corp. (SMC) has backed out of the proposed 2.54-kilometer bridge project in world-famous Boracay Island. “Hindi na itutuloy ang Boracay bridge (The Boracay bridge project would no longer proceed),” said Aklan Gov. Jose Enrique “Joen” Miraflores during a...
Bangko Sentral ng Pilipinas (BSP) Governor Eli M. Remolona Jr. has urged banks to continue strengthening governance, transparency, and internal controls, saying these safeguards become most critical during periods of economic and financial uncertainty. Speaking during the inaugural Corporate...
The Economy and Development (ED) Council has approved refinements to the implementation of San Miguel Corp. (SMC)-led Metro Rail Transit Line 7 (MRT-7) and adjustments to a maritime security project involving fast patrol crafts, as the government moves to accelerate infrastructure delivery and...
San Miguel Global Power Holdings Corp., the energy unit led by billionaire Ramon Ang, has deployed ₱4.5 billion from its latest bond proceeds to accelerate the rollout of renewable energy projects in country. In a regulatory filing with the Philippine Dealing System Holdings, the company said...
ILOILO CITY – The Sangguniang Panlalawigan of Aklan said the awarding by the Department of Public Works and Highways (DPWH) of the P7.78-billion bridge project linking world-famous Boracay Island to mainland Malay town is against the will of the people. “The continued pursuit of the Boracay...
