SMC Tollways Corp., the infrastructure arm of San Miguel Corp., reduced its interest-bearing debt through the end of 2024 as rising vehicle traffic across its network of expressways boosted cash flow and fortified its balance sheet. The company’s interest-bearing debt fell 6.1 percent to ₱52.3...
Tollroads operated and managed by conglomerate San Miguel Corporation (SMC) remain business as usual and flood-free despite the heavy downpour caused by Typhoon Kristine. In a statement on Thursday, Oct. 24, SMC said that it placed a quick response team on heightened alert to provide assistance to...
San Miguel-led SMC Tollways Corporation is planning to raise up to P35 billion from a proposed bond issuance to fund and support the continued expansion and operation of the Skyway System. Philippine Rating Services Corporation (PhilRatings) said it has assigned SMC Tollways’ planned issuance...