The P23.3 billion NLEX-SLEX Connector road should be operating midway into the first quarter of 2023, according to urban development advocate Atty. Rafael J. dela Torre. The NLEX-SLEX Connector, an eight-kilometer, four-lane, all elevated tollway extending the alignment of the North Luzon...
SMC Infrastructure started issuing toll fee refunds Wednesday, Nov. 23, for all motorists affected by an unexpected disruption of its electronic toll collection (ETC) system last week. The refunds will cover all vehicles that passed through affected tollways, including the South Luzon Expressway...
TIMO Heat Round Students of Philippine Science High School-Southern Mindanao Campus (PSHS-SMC) in Tugbok, Davao pocketed 41 awards during the recently concluded Thailand International Math Olympiad (TIMO) 2022 Heat Round. In a statement, PSHS-SMC said its students garnered five gold, seven silver,...
The San Miguel Corporation (SMC) Infrastructure waived the toll fees for around 84,000 motorists affected by the traffic jams in parts of the South Luzon Expressway (SLEX), Skyway, NAIAX (NAIA Expressway) and the STAR (Southern Tagalog Arterial Road) Tollway on Thursday, Nov. 17. The SMC...
The Department of Transportation (DOTr) conducted an inspection of the P735-billion New Manila International Airport (NMIA) in Bulacan over this weekend. Land development works are now being done at the NMIA’s 1,693-hectare site 35 kilometers north of Metro Manila, according to the DOTr statement...
The Energy Regulatory Commission (ERC) has denied the P0.30 per kilowatt hour (kWh) rate hike that had been jointly applied for by the Manila Electric Company (Meralco) and SMC Global Power Holdings (SMCGP) of the San Miguel group. In a ruling issued by the power industry regulator on Monday, Oct....
NAVOTAS CITY- Mussel farm owners in the city have expressed their support to the coastal development project of the local government. Glicero de los Santos, one of the businessmen who own mussel farms in the city, said that the coastal development project would improve the transportation of their...
The Energy Regulatory Commission (ERC) will prudently examine the implication of the P0.30 per kilowatt-hour (kWh) rate hike plea of SMC Global Power Holdings Corporation (SMCGP) to the similarly-situated power supply agreements (PSAs) underwritten by the other power utilities. The bid of San...
SMC Global Power Holdings Corporation (SMCGP), the power generation investment arm of San Miguel Corp., suffered a net loss of P1.831 billion in the first semester this year, wiping out its hefty income of P12.219 billion in the same period last year. Based on figures released, SMCGP said its...
SMC Global Power Holdings Corporation (SMCGP), the power investment arm of San Miguel Corporation, logged colossal losses of P15 billion on the electricity generation operation of its power plants due to surging fuel prices in the world market and is now batting for rate hikes so it can partly...
SMC Global Power Holdings Corporation (SMCGP), the power investment arm of San Miguel Corporation, has listed its P40-billion fixed rate bonds with the Philippine Dealing and Exchange Corporation (PDEx), which has been touted as the largest corporate bond issuance to date. According to SMCGP, the...
SMC Global Power Holdings Corporation is planning to raise up to P40 billion from the issuance of bonds consisting of a P30-billion float with an oversubscription of up to P10 billion. This is the initial tranche of the company’s new three-year Shelf Registration program amounting to P60 billion....
