SMC SLEX inaugurals P14-B SLEX elevated extension launched By Emmie V. Abadilla San Miguel Corporation (SMC) has formally inaugurated its completed P14-billion South Luzon Expressway (SLEX) Elevated Extension project meant to solve traffic congestion in Metro Manila. President Rodrigo Roa Duterte,...
The bid of South Premiere Power Corporation, a subsidiary of SMC Global Power, has been declared the "winning offer" in the 170-megawatt supply procurement of Manila Electric Company (Meralco) that will satiate its peaking power needs especially during the summer months. According to the third...
San Miguel Corp. (SMC) reported that its group-wide reforestation initiative nationwide has resulted in the planting of 3.8 million trees since 2019 to date. The conglomerate said in a statement that it has recently completed planting over 26,000 trees in Angat, Bulacan together with the town’s...
The P68.2-billion Metro Rail Transit Line 7 (MRT-7) is 62.1 percent complete and will partially operate this year, two decades after the project's unsolicited proposal was submitted, according to a statement from the Department of Transportation (DOTR). media The unsolicited proposal for the MRT-7...
SMC Global Power Holdings Corp. has retained its highest Issue Credit Rating of PRS Aaa, with a Stable Outlook, from Philippine Rating Services Corporation for its outstanding bond issuances amounting to P73.85 billion. Obligations rated PRS Aaa are of the highest quality with minimal credit risk....
San Miguel Corporation (SMC) power unit SMC Global Power Holdings Corp’s Battery Energy Storage Systems (BESS) technologies will stabilize power supply nationwide; it also ushers the next stage for renewable power in the country. Even as power companies work to avert a looming power crisis in the...
House Assistant Majority Leader and Cebu Representative Eduardo Gullas on Friday rejected the offer of San Miguel Corporation chief executive Ramon Ang to sell Petron Corp. back to the government through a five-year installment payment scheme. "Thanks, but no thanks. Business tycoon Ramon Ang can...
San Miguel Chief Executive Officer Ramon S. Ang on Monday, Nov. 8 said he is willing to sell back to government the Petron Corporation on easy terms that include a five-year installment payment. Ramon S. Ang Ang made the offer during the briefing on legislative measures proposing the suspension of...
media San Miguel Corporation (SMC) recently mounted two more brand new Hyundai Rotem train sets on its 22-kilometer, P68.2 Billion Metro Rail Transit Line 7 (MRT 7) and is on track to start operating next year. This was the second batch of train sets, after the first arrived from Korea last month....
The Department of Energy (DOE) affirmed yesterday that ‘gas production decline’ at the Malampaya field will persist next year and until the project’s end of service contract in 2024. Energy Secretary Alfonso G. Cusi specified that gas restriction had been lingering from January 2020 to...
San Miguel Corp. (SMC) emerged as Top Employer of the Year at the 2021 Asia CEO Awards—at a time dominated by continuing challenges brought on by the COVID-19 pandemic. In a statement, SMC said it bested other major Philippine conglomerates across several criteria, including outstanding...
The liquefied natural gas (LNG) import facility of Atlantic, Gulf and Pacific Company Inc. (AG&P) will supply the fuel needs for electricity generation of the 1,200-megawatt Ilijan gas-fired power facility starting next year, according to the Department of Energy’s (DOE) Oil Industry...
