Diversified conglomerate San Miguel Corporation (SMC) is expecting its P2-billion Pasig River cleanup project to cross the one million metric tons threshold in silt and solid wastes removed by next month. This will come as its dredging teams focus their efforts on both ends of the river--the Manila...
San Miguel Corporation’s (SMC) Luzon Clean Water Development Corporation (LCWDC) will make available potable and affordable water from the Angat reservoir to more than 350,000 households in Bulacan by early 2025. In a statement, SMC said this comes as it starts implementation of Stage 3A of the...
San Miguel Corporation (SMC), together with Rural Rising Ph (RuRi), has so far rescued over 1.7 million kilograms of fruits and vegetables from farmers struggling to sell their harvests since the pandemic started in 2020. In a statement, SMC said its partnership with RuRi has helped boost incomes...
Eagle Cement Corporation is getting ready for its voluntary delisting from the Philippine Stock Exchange as its public float dropped to less than one percent after San Miguel Corporation acquired P12.61 billion Eagle shares through a tender offer. In a disclosure to the Philippine Stock Exchange,...
Diversified conglomerate San Miguel Corporation (SMC) was named Forbes Magazine’s annual list of the World’s Best Employers which includes 800 firms from some 57 countries. In a statement, SMC said it is number 174 overall, and is one of just two firms based in the Philippines--along with...
Diversified conglomerate San Miguel Corporation (SMC) is ramping up its efforts that will ensure sustainable livelihood and business opportunities for close to 500 families living in Bulakan, Bulacan. In a statement, the firm said it has launched a livelihood center and formally established a...
The Securities and Exchange Commission (SEC) has approved the bond offerings of San Miguel Corporation (SMC) and Aboitiz Equity Ventures, Inc. (AEV) that will raise up to P90 billion for the two firms. The Commission En Banc resolved to render effective the registration statement of SMC for up to...
Diversified conglomerate San Miguel Corporation (SMC) reported a 26 percent growth in consolidated core net income to P43.5 billion in the first nine months of 2022 from the P34.4 billion earned in the same period last year. However, consolidated nine-month net income fell 62 percent to P12.9...
San Miguel Equity Investments Inc. (SMEII), a wholly-owned subsidiary or San Miguel Corporation has started the P12.66 billion tender offer for shares amounting to 11.5 percent of Eagle Cement Corporation held by minority stockholders. In a disclosure to the Philippine Stock Exchange, Eagle Cement...
San Miguel Brewery Inc. (SMB), the flagship beer business of San Miguel Corporation, posted a 15 percent growth in net income to P16.2 billion from the P14.1 billion earned in the same period last year. In a statement, SMC said SMB registered higher revenues, volumes, and profits versus last year...
San Miguel Corporation can now push through with its P97.5 billion acquisition of 88.5 percent of Eagle Cement Corporation after the Philippine Competition Commission (PCC) has ruled that its approval is no longer required for the transaction. In a disclosure to the Philippine Stock Exchange, SMC...
Diversified conglomerate San Miguel Corporation reported that its subsidiary SMC Global Power Holdings Corp. is planning to buy back $400 million worth of its US Dollar-denominated senior perpetual capital Securities through a tender offer. In a disclosure to the Philippine Stock Exchange, SMC said...
