Diversified conglomerate San Miguel Corporation posted a 19 percent drop in net income to P13.94 billion in the first quarter of 2022 from P17.17 billion in the same period last year due to non-recurring items. In a statement, the firm said consolidated income from operations jumped 25 percent to...
Diversified conglomerate San Miguel Corporation (SMC) said it remained committed to build the P95-billion Pasig River Expressway (PAREX) as a safe, reliable and sustainable infrastructure. In a statement, SMC President and Chief Operating Officer Ramon S. Ang said the 19.37-kilometer road will link...
San Miguel Corporation reported a 120 percent surge in consolidated net income last year to P48.2 billion, which is at par with pre-pandemic levels. In a disclosure to the Philippine Stock Exchange, the conglomerate said its group-wide revenues rose 30 percent to P941.2 billion, driven by higher...
The Securities and Exchange Commission (SEC) has approved the planned P3.5 billion initial public offering (IPO) of Bank of Commerce and the P60-billion fixed-rate bonds of its parent company San Miguel Corporation (SMC). The Commission En Banc resolved to render effective the registration...
President Duterte led the inauguration of the South Luzon Expressway (SLEX) Elevated Extension Project in Alabang, Muntinlupa City that is poised to end the perennial traffic congestion in the southern part of Metro Manila on Tuesday, Feb. 15. (Screengrab from PCOO Facebook livestream) The...
San Miguel Corporation (SMC) is planning to double the capacity of its P10-billion advanced cement manufacturing facility in Davao to 100 million bags after it starts full commercial operations later this year. In a statement, SMC said its aim is to reduce reliance on imports and avoid delays in...
San Miguel Corp. (SMC) reported that its group-wide reforestation initiative nationwide has resulted in the planting of 3.8 million trees since 2019 to date. The conglomerate said in a statement that it has recently completed planting over 26,000 trees in Angat, Bulacan together with the town’s...
San Miguel Corporation (SMC) is ramping up its clean-up of the Tullahan-Tinajeros river system and the Pasig River which will cost it about P3 billion. In a statement, the diversified conglomerate said it is eyeing to remove a total of 1 million tons of silt and solid waste from the...
San Miguel Corporation (SMC) announced that it has so far donated food and water amounting to over P35 million as its response efforts for provinces hit by typhoon Odette continues. This comes as fuel subsidiary Petron Corporation has managed to restore full operations to most of its damaged...
San Miguel Corp. (SMC) has expanded its coastal clean-up drive to Calatagan and Balayan in Batangas, even as it prepares to start cleaning up the heavily-polluted Marilao-Meycauayan-Obando river system (MMORS) in Bulacan. In a statement, SMC said a total of 1,340 bags full of garbage were initially...
San Miguel Corporation (SMC) has activated its network in the Visayas and Mindanao regions to deliver truckloads of food to Odette-hit areas worth a total of P30 million so far. In a statement, the conglomerate said it has also dispatched fuel stocks at its Petron installations and, where possible,...
After almost two decades, the Metro Rail Transit Line 7 (MRT-7) that would link Quezon City to Bulacan is now on track for completion as the government is committed to make the rail line operational by the fourth quarter of 2022. (Photo from Department of Transportation) This, after President...
