Ramon S. Ang-led San Miguel Global Power Corp. (SMGP) is seeking to expand its gas turbine power project in Zamboanga City. According to a notice from the Department of Environment and Natural Resources (DENR), Malita Power, Inc. (MPI), an SMGP subsidiary, has proposed to double its plant’s...
Diversified conglomerate San Miguel Corp. (SMC) is raising up to ₱30 billion from the public offering of preferred shares while also making a tender offer to swap a previous series of preferred shares worth about ₱33.8 billion with treasury shares. In a disclosure to the Philippine Stock...
Three years ago, President Ferdinand Marcos Jr. took the helm of the country as the world continued to grapple with the Covid-19 pandemic and economies, including the Philippines, strove for recovery after crippling lockdowns. Governments worldwide faced the delicate task of balancing public health...
The Philippines’ competitive ranking among its regional peers still leaves much to be desired, clinging to the 13th slot out of 14 economies in the Asia-Pacific region. While we’ve seen some advancement in productivity and efficiency, including management practices, the Swiss-based...
A total of 40 Filipino companies were included in the second annual Fortune Southeast Asia 500 list, which ranked the region’s top corporations based on their 2024 revenues. Topping the list of Philippine firms are the largest conglomerates, banks, and utilities, with San Miguel Corporation...
Diversified conglomerate San Miguel Corporation expects to sustain its growth trajectory seen in the first quarter of the year as new revenue streams are expected to come online. During the firm’s annual stockholders’ meeting, SMC Chairman and CEO Ramon S. Ang stated that the firm’s...
Concepcion Industrial Corporation (CIC), the country’s leading provider of consumer lifestyle and enterprise solutions, is discussing with San Miguel Corporation its possible participation in the rehabilitation of the three terminals of the Ninoy Aquino International Airport. In a discussion with...
San Miguel Corporation 's spirits business Ginebra San Miguel Inc. (GSMI) reported a strong start for 2025 with an 11 percent growth in first quarter net income to ₱2.1 billion from the prior year, despite more challenging market conditions. In a statement, the firm said its consolidated...
The Department of Transportation (DOTr) is looking to cushion the blow for Ramon Ang-led San Miguel Corp. (SMC), which is set to face revenue loss due to the upcoming toll holiday in select segments of Skyway Stage 3 during the rehabilitation of EDSA. In a press briefing on Monday, May 26,...
Diversified conglomerate San Miguel Corporation (SMC) first-quarter earnings almost quintupled to ₱43.4 billion, surging by a sharp 388 percent from ₱8.9 billion a year earlier due to one-time gains from the partial sale of power assets and foreign exchange gains. The firm said its core net...
The Chamber of Commerce of the Philippine Islands (CCPI) celebrated its rich history and future vision on April 30, 2025, at its Intramuros building with the unveiling of its Legacy Book and the presentation of Exemplar Awards to San Miguel Corporation and its president, Ramon S. Ang. The Legacy...
New Naia Infra Corp. (NNIC) has issued formal notices to the owners of 27 aircraft that are left abandoned in the general aviation area of Ninoy Aquino International Airport (NAIA), citing efficiency and safety concerns. In a statement, NNIC said it is in coordination with the Civil Aviation...
