What used to be a dark stretch of Osmeña Highway in Manila is now brightly lit, following the completion of a major roadway lighting project spearheaded by the City Government of Manila in partnership with San Miguel Corporation (SMC). Under the leadership of Mayor Francisco "Isko Moreno"...
San Miguel Corp. has increased its holding in Manila Electric Co. (Meralco) after completing another purchase related to a long-stalled share acquisition agreement. In a regulatory filing on Tuesday, Aug. 26, San Miguel Global Power Holdings Corp. (SMGP) announced that it purchased 1.03 million...
Diversified conglomerate San Miguel Corporation is using proceeds of its planned ₱30 billion preferred share offering to refinance at least ₱16.75 billion in short term debt as well as for investments in its airports and tollways businesses. Based on the prospectus, SMC is offering of 266.67...
Five of the country’s most influential business groups commended the initiative of tycoon Ramon Ang to address flooding in Metro Manila at no cost to the government or the public. In a joint statement, the Philippine Chamber of Commerce and Industry (PCCI) and its affiliate organizations, the...
San Miguel Corp.’s (SMC) affiliate Bank of Commerce (BankCom) posted a 31-percent growth in unaudited net income to ₱1.86 billion in the first half of 2025 primarily due to strong revenue growth. In a disclosure to the Philippine Stock Exchange (PSE), the bank said its earnings translated to a...
Diversified conglomerate San Miguel Corp. (SMC) reported that its net income surged fivefold to ₱66.8 billion in the first six months of 2025 from ₱13.6 million in the same period last year, mainly due to one-time gains and the strength of its food, beverages, power, and infrastructure...
Despite the President’s State of the Nation Address (SONA) promise of rate reductions, it seems the only thing “cutting” is the consumer’s wallet, as electric bills continue their relentless upward climb. Realistically, rate reduction is a battle consumers can’t seem to win. It’s like a...
Ramon S. Ang-led San Miguel Global Power Corp. (SMGP) is seeking to expand its gas turbine power project in Zamboanga City. According to a notice from the Department of Environment and Natural Resources (DENR), Malita Power, Inc. (MPI), an SMGP subsidiary, has proposed to double its plant’s...
Diversified conglomerate San Miguel Corp. (SMC) is raising up to ₱30 billion from the public offering of preferred shares while also making a tender offer to swap a previous series of preferred shares worth about ₱33.8 billion with treasury shares. In a disclosure to the Philippine Stock...
Three years ago, President Ferdinand Marcos Jr. took the helm of the country as the world continued to grapple with the Covid-19 pandemic and economies, including the Philippines, strove for recovery after crippling lockdowns. Governments worldwide faced the delicate task of balancing public health...
The Philippines’ competitive ranking among its regional peers still leaves much to be desired, clinging to the 13th slot out of 14 economies in the Asia-Pacific region. While we’ve seen some advancement in productivity and efficiency, including management practices, the Swiss-based...
A total of 40 Filipino companies were included in the second annual Fortune Southeast Asia 500 list, which ranked the region’s top corporations based on their 2024 revenues. Topping the list of Philippine firms are the largest conglomerates, banks, and utilities, with San Miguel Corporation...
