Bank of Commerce (BankCom), the banking arm of conglomerate San Miguel Corporation (SMC), was assigned an Issuer Credit Rating of PRS Aa plus (corp.) with a "Stable Outlook" by Philippine Rating Services Corporation (PhilRatings). PhilRatings said an Issuer Credit Rating is an opinion on the...
After terminating its 330-megawatt fixed priced power supply agreement (PSA) due to the recently rendered verdict of the Court of Appeals, a subsidiary of SMC Global Power Holdings Corp. has offered a replacement power supply deal to power utility giant Manila Electric Company (Meralco). Meralco...
The Department of Energy (DOE) is planning a site visit to the 1,200-megawatt Ilijan gas-fired power facility this week to re-validate its targeted return to commercial operation this May 26, as earlier communicated to the government by South Premiere Power Corporation (SPPC) of the San Miguel...
LUCENA CITY, Quezon – A 33-year-old employee of a multinational conglomerate was shot dead on his way to work on Tuesday morning, May 16, in Barangay Isabang, this city. Police identified the victim as Charles Moises Vidal, a resident of Barangay Ilayang Talim, here. Investigator-on-case...
The Energy Regulatory Commission (ERC) will be prioritizing the approval of contracts on the ancillary services (AS) procurements of system operator National Grid Corporation of the Philippines (NGCP) to help address the imbalances and technical stresses being experienced in the country’s power...
Creative visualization Imagine driving from Batangas all the way to the beaches of Puerto Galera, rather than taking a ferry. San Miguel Corporation hopes to make this possible one day. The corporation is in talks with the local government of Mindoro, through Governor Humerlito Dolor, to construct...
SMC Global Power Holdings Corporation of the San Miguel group officially leads the Philippines’ debut into the "LNG importers club of the world" following the arrival of its first LNG shipment at one of the country’s major ports. The Department of Energy (DOE) affirmed the arrival of the first...
US-headquartered Fluence Energy, Inc. has completed the 570-megawatt battery energy storage system (BESS) project for leading Philippine energy player SMC Global Power Holdings Corp. (SMCGP) of the San Miguel group. The company emphasized that the project’s completion milestone coincided with the...
Rising summer temperatures and threats of power service interruptions amid surging electric bills could really trigger disappointments among us as we yearn for a “more hopeful story” that can rescue us from these predicaments. On March 31 this year, a bit of that “hope” came to light with...
San Miguel Corporation’s infrastructure unit has made all necessary preparations in anticipation of heavy traffic volume this week at all its expressways, namely the South Luzon Expressway, (SLEX), Southern Tagalog Arterial Road (STAR), the Skyway System, NAIA Expressway, and the...
Bataan 1st district Rep. Geraldine Roman has joined the chorus of those asking the country’s expressway operators to expedite the integration process of their respective toll collection systems. (MANILA BULLETIN) Roman did so during Holy Week, when Filipinos traditionally leave the city for the...
LAGUNA – The San Miguel Corp. said it has made all the necessary preparations in anticipation of a huge volume of vehicles at all its expressways due to long vacations. “Our operations teams are prepared for the rush of our ‘kababayans’ eaving Metro Manila to spend the upcoming holidays with...
