The Toll Regulatory Board (TRB) said that the Pasig River Expressway (PAREX) project remains on the table following San Miguel Corp.'s commitment to meeting all requirements and addressing environmental concerns. Alvin Carullo, TRB executive director, said San Miguel would comply with the...
The Philippine Electricity Market Corporation (PEMC), which serves as the governance body of the Wholesale Electricity Spot Market (WESM), has elected its new set of board of directors and officers that will help oversee the operations of the country’s power spot market. The reconstituted board...
Tycoon Ramon S. Ang of San Miguel Corp. (SMC) is joining President Marcos’ economic managers in Tokyo to showcase investment opportunities in the Philippines. Having recently delegated day-to-day management of the country’s most diversified conglomerate to his eldest son, Ang will take part in...
Ang-led San Miguel Corporation kicked off on Tuesday, June 18, 2024, the offering of up to P20 billion in fixed-rate retail bonds after receiving the approval of the Securities and Exchange Commission last June 14. In a disclosure to the Philippine Stock Exchange, the diversified conglomerate said...
SMFB to grow beer, liquor businesses By James A. Loyola San Miguel Food and Beverage Inc. (SMFB), a subsidiary of diversified conglomerate San Miguel Corporation, is confident of boosting sales growth for its beer and liquor businesses. During the firm’s annual stockholders’...
Businessman Ramon S. Ang fearlessly tackled the issue of high electricity and fuel prices in the country compared to its neighbors during the Philippine Economic Briefing on Monday, May 27. Ang, widely known as RSA, used the panel discussions at the forum, which included Budget Secretary Amenah...
Ferrari has opened its new permanent home in a state-of-the-art facility in Connecticut Street, in San Juan City. Operated by Ferrari's official importer and distributor in the Philippines, Velocita Motors, Inc., the showroom is envisioned as a dynamic community hub where Ferrari owners can...
As an integral part of the inaugural dialogue on the Asia Zero Emission Community (AZEC) underpinned by the Japanese and Philippine governments, the Japan Bank for International Cooperation (JBIC) has signed a preliminary deal with three Philippine conglomerates for the development of projects...
From left: Pangasinan Vice Governor, Mark Ronald D.G. Lambino; Pangasinan Governor, Ramon V. Guico III; SMC President and CEO, Ramon S. Ang; and 5th District, Congressman, Ramon "Monching" Guico, Sr. The groundbreaking of the Pangasinan Link Expressway (PLEX) Phase I was held today, March 21, at...
Leaning on the robust power generating assets of its various subsidiaries, Aboitiz Equity Ventures (AEV) has sustained its lead as the country’s biggest power producer with total installed capacity of 5,745.221 megawatts, according to data released by the Energy Regulatory Commission. Inching...
The power investment arm of Manila Electric Company (Meralco) will corner the majority stake of more than 40-percent in the $3.3 billion integrated liquefied natural gas (LNG) project originally owned and developed by SMC Global Power Holdings Corp. (SMGP) of the San Miguel group. According to...
Power utility giant Manila Electric Company (Meralco) has beefed up its supply portfolio with additional 400-megawatt baseload power supply procurement from the Limay thermal power plant of SMC Global Power Holdings of the San Miguel group. The tariff for the new interim power supply agreement...
