Ports and infrastructure trillionaire Enrique K. Razon Jr. topped the 2026 Forbes list of the Philippines’ 50 Richest for the first time, overtaking the Sy siblings even as the combined wealth of the country’s tycoons fell by eight percent to $79 billion from $86 billion a year ago. The...
San Miguel Food and Beverage, Inc. (SMFB), a core subsidiary of diversified conglomerate San Miguel Corporation, reported that its consolidated net income eased four percent to ₱22.1 billion in the first half of the year, as inflation, slower economic growth, and geopolitical disruptions weighed...
Diversified conglomerate San Miguel Corp. (SMC) has retained the highest PRS Aaa issue credit rating, with a stable outlook, from Philippine Rating Services Corp. (PhilRatings) for its outstanding bonds totaling ₱139.2 billion. Obligations rated PRS Aaa are of the highest quality with minimal...
San Miguel Corp. (SMC) may complete the first runway of its ₱735-billion New Manila International Airport ahead of its 2028 timeline, despite construction bottlenecks caused by supply shortages in Manila Bay. Ramon S. Ang, SMC chairman and chief executive officer, assured shareholders during the...
San Miguel Corp. clarified that its proposed ₱7.78 billion Boracay Bridge project has not been abandoned, saying the infrastructure giant will pursue further consultations to address mounting concerns from local stakeholders. The conglomerate issued the statement following social media reports...
Despite a challenging operating environment, San Miguel Corp. 's hard liquor arm, Ginebra San Miguel Inc. (GSMI), sustained its growth momentum in the first quarter of 2026, with net income rising faster than revenues. First-quarter net income reached ₱2.3 billion, up nine percent from the...
Bangko Sentral ng Pilipinas (BSP) Governor Eli M. Remolona Jr. has urged banks to continue strengthening governance, transparency, and internal controls, saying these safeguards become most critical during periods of economic and financial uncertainty. Speaking during the inaugural Corporate...
Diversified conglomerate San Miguel Corp. reported a 48 percent decline in first-quarter net income after the absence of a massive one-time gain from the previous year masked an otherwise robust operational performance across its energy and infrastructure portfolios. In a statement, the firm said...
San Miguel Food and Beverage Inc. (SMFB), the food and drinks arm of San Miguel Corp., reported a two percent increase in first-quarter net income as growth in its food and spirits units offset a flat performance in its core beer business. Net income rose to ₱11.8 billion in the three months...
Petron Corp., the country’s only remaining oil refiner, reported a 56 percent drop in first-quarter net income as escalating Middle East tensions and unplanned refinery shutdowns weighed on its bottom line. In a statement on Tuesday, May 5, Petron said its net income in January to March fell to...
Leading online gaming firm DigiPlus Interactive Corp. is weighing an expansion of its physical casino footprint through the potential acquisition of the Manila Diamond Hotel from billionaire Ramon S. Ang. In a disclosure to the Philippine Stock Exchange, DigiPlus confirmed InsiderPH’s report...
San Miguel Holdings Corp. (SMHC), the infrastructure arm of diversified conglomerate San Miguel Corp. (SMC), has been awarded the ₱7.78-billion Boracay Bridge Project by the Department of Public Works and Highways (DPWH). In a March 30 notice of award (NOA) addressed to SMHC Chairman and...
