Diversified conglomerate San Miguel Corporation (SMC) reported a 19 percent increase in net income to P37.1 billion in the first nine months of 2024, compared to P31.2 billion in the same period last year, driven by strong revenue increases across its diverse businesses. In a statement, the company...
photo: SMC At least eight million tons of silt and waste were removed from 136 kilometers of river systems in...
San Miguel Brewery Inc. (SMB) reported a 36.7 percent increase in net income to P23.4 billion from its Philippine operations in the first nine months of the year. In a statement, the subsidiary of diversified conglomerate San Miguel Corporation said this growth includes dividends of P7.4 billion...
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 Corporation, the diversified conglomerate controlled by tycoon Ramon S. Ang, has completed its P1.02 billion acquisition of the interests of Razon-led Manila Water Company in two Bulacan water projects. In a disclosure to the Philippine Stock Exchange (PSE), Manila Water said the closing...
Ayala Corporation chairman Jaime Augusto Zobel de Ayala, Ayala Land president and CEO Meean Dy, Department of Transportation Undersecretary Andy Ortega, Calamba City Mayor Ross Rizal, Department of Public Works and Highways Director Pelita V. Galvez, Toll Regulatory Board Executive Director Atty....
SMC Infrastructure and Ayala Greenfield Development Corporation (AGDC), a joint venture between Ayala Land Inc. and the Campos family’s Greenfield Group have broken ground on the Ayala Greenfield Interchange. In a statement, ALI said this is a critical infrastructure project set to improve...
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...
San Miguel-led New NAIA Infra Corporation (NNIC), the new private operator of the Ninoy Aquino International Airport has launched the official website and social media pages of NAIA as the transformation of the Philippines’ primary gateway begins. The new website, www.newnaia.com.ph, focuses on...
San Miguel-led New NAIA Infra Corporation (NNIC), the private entity assuming management of the Ninoy Aquino International Airport (NAIA) on September 14, assured the public that airport operations will continue as usual upon their takeover. In a statement, the firm said “Any future changes or...
Diversified conglomerate San Miguel Corporation is planning to invest up to P5 billion to construct a new off-ramp from the NAIA Expressway (NAIAX) to NAIA Terminal 3 to decongest heavy traffic in the area. In an interview with reporters, SMC Chairman and CEO Ramon S. Ang said the cost will range...
San Miguel Foods, a unit of diversified conglomerate San Miguel Corporation, reported that its long-running regenerative agriculture program has yielded over 90,000 metric tons of cassava in the first half of the year, 44 percent higher than in the same period of 2023. In a statement, the firm said...
