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...
Magnolia, the iconic Filipino brand known for its dairy and chicken products, celebrated its 100th anniversary on August 4, reaffirming its commitment to offering quality products while supporting small businesses, retailers, and local producers. Founded in 1925 and acquired by San Miguel Brewery,...
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...
San Miguel Global Power (SMGP) said Wednesday, Aug. 13, that the Philippine Electricity Market Corp. (PEMC) has cleared its Ilijan Gas Power Plant of any violations related to a 2022 outage, calling a recent regulatory order from the Energy Regulatory Commission (ERC) “outdated and without...
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...
San Miguel Food and Beverage Inc. (SMFB), one of the core subsidiaries of diversified conglomerate San Miguel Corporation, registered a 15 percent growth in consolidated net income to ₱23 billion for the first half of 2025 due to its steady sales performance and improved cost management. In a...
Market challenges both domestically and internationally have dragged down the profit of Ramon S. Ang-led Petron Corp. for the first half of the year. In a disclosure to the Philippine Stock Exchange on Tuesday, Aug. 5, Petron reported ₱5.3 billion in net income for the first six months of 2025,...
