Bank of Commerce, the banking arm of conglomerate San Miguel Corp., reported record full-year earnings as surging interest income and disciplined approach to costs drove a third consecutive year of growth following its initial public offering. In a disclosure to the Philippine Stock Exchange on...
Petron Corp., the Philippines’ sole oil refiner, has procured 2.48 million barrels of Russian crude oil to shore up the country’s fuel stocks following the closure of the Strait of Hormuz and the declaration of a state of national energy emergency. In a disclosure to the Philippine Stock...
Billionaire Ramon S. Ang is reviving a proposal to sell Petron Corp. back to the government, framing the move as a way to bolster energy security while the nation grapples with a declared national energy emergency. The offer from the San Miguel Corp. chairman and chief executive officer comes as...
The merger of two businesses is typically driven by the desire to improve efficiency, aiming for better customer service and, of course, greater growth potential. This aspiration has been realized by business stalwarts Ramon “RSA” S. Ang, president and chief executive officer of diversified San...
While we 're all busy following the developing stories about the deep-seated corruption in the bureaucracy—both appointed and elected—that has triggered a series of protests, the largest of which is scheduled for this Sunday, San Miguel Corp.-owned New NAIA Infra Corp. (NNIC) quietly...
The Philippines’ largest business group is calling for a transparent and collaborative process in reviewing the claim filed by a unit of San Miguel Corp. against the country’s main power distributor. In a statement on Wednesday, Sept. 10, the Philippine Chamber of Commerce and Industry (PCCI)...
BMW Philippines has a new man at the helm. SMC Asia Car Distributors Corporation (SMCACD), the exclusive distributor of BMW vehicles in the Philippines, has appointed Jacob Ang as its new President, effective September 1, 2025. He takes over from Spencer Yu, who has led BMW Philippines as president...
Magnolia, the iconic Filipino brand known for its dairy and chicken products, celebrated its 100th anniversary on August 4, reaffirming its commitment to offering quality products while supporting small businesses, retailers, and local producers. Founded in 1925 and acquired by San Miguel Brewery,...
Market challenges both domestically and internationally have dragged down the profit of Ramon S. Ang-led Petron Corp. for the first half of the year. In a disclosure to the Philippine Stock Exchange on Tuesday, Aug. 5, Petron reported ₱5.3 billion in net income for the first six months of 2025,...
The long-awaited transfer of a Manila Electric Co. (Meralco) stake to San Miguel Corp. has quickly created new ripples in the local business scene, with tycoon Manuel V. Pangilinan’s group signaling its interest in acquiring those very shares. Pangilinan, who serves as Meralco’s chairman and...
After more than a decade, tycoon Ramon S. Ang is back as a shareholder in power distributor Manila Electric Co. (Meralco). In a disclosure to the Philippine Stock Exchange on Wednesday, July 23, Ang-led San Miguel Corp. (SMC) confirmed reports that its unit, SMC Global Power Holdings (formerly...
KALIBO, Aklan – Proponent San Miguel Corp. assured there will be alternative jobs for boatmen amid mounting concerns that the proposed bridge project for world-famous Boracay Island will displace livelihoods. “Under our proposal, we will work with them, train them, and help them transition to...
