San Miguel Corp., the country’s largest conglomerate, reported a 48 percent jump in first-half consolidated core net income to ₱54.2 billion, driven by robust performance across its power, fuel, and food operations despite the volatile global backdrop, elevated operational costs, and weaker...
The Energy Regulatory Commission (ERC) is studying tycoon Ramon Ang’s acquisition of a minority stake in Lopez Inc. to evaluate potential breaches of anti-competitive safeguards and statutory ownership limits in the power sector. The regulatory review follows Ang’s buy-in to the holding...
The ASEAN Business Advisory Council Philippines has secured a partnership with conglomerate San Miguel Corp. to strengthen supply chain linkages and foster sustainable growth for micro, small, and medium enterprises in the region. ASEAN-BAC Chair Jose Ma. “Joey” Concepcion III signed a...
Tycoon Ramon S. Ang has acquired a 25.68 percent stake in Lopez Inc., the holding company of the storied Lopez family, buying out the shareholding of former ABS-CBN Corp. Chairman Eugenio “Gabby” Lopez III in one of the country’s biggest corporate shifts in recent years. The transaction was...
Ports and infrastructure trillionaire Enrique K. Razon Jr. topped the 2026 Forbes list of the Philippines’ 50 Richest for the first time, overtaking the Sy siblings even as the combined wealth of the country’s tycoons fell by eight percent to $79 billion from $86 billion a year ago. The...
San Miguel Food and Beverage, Inc. (SMFB), a core subsidiary of diversified conglomerate San Miguel Corporation, reported that its consolidated net income eased four percent to ₱22.1 billion in the first half of the year, as inflation, slower economic growth, and geopolitical disruptions weighed...
Diversified conglomerate San Miguel Corp. (SMC) has retained the highest PRS Aaa issue credit rating, with a stable outlook, from Philippine Rating Services Corp. (PhilRatings) for its outstanding bonds totaling ₱139.2 billion. Obligations rated PRS Aaa are of the highest quality with minimal...
San Miguel Corp. (SMC) may complete the first runway of its ₱735-billion New Manila International Airport ahead of its 2028 timeline, despite construction bottlenecks caused by supply shortages in Manila Bay. Ramon S. Ang, SMC chairman and chief executive officer, assured shareholders during the...
San Miguel Corp. clarified that its proposed ₱7.78 billion Boracay Bridge project has not been abandoned, saying the infrastructure giant will pursue further consultations to address mounting concerns from local stakeholders. The conglomerate issued the statement following social media reports...
Despite a challenging operating environment, San Miguel Corp. 's hard liquor arm, Ginebra San Miguel Inc. (GSMI), sustained its growth momentum in the first quarter of 2026, with net income rising faster than revenues. First-quarter net income reached ₱2.3 billion, up nine percent from the...
Bangko Sentral ng Pilipinas (BSP) Governor Eli M. Remolona Jr. has urged banks to continue strengthening governance, transparency, and internal controls, saying these safeguards become most critical during periods of economic and financial uncertainty. Speaking during the inaugural Corporate...
Diversified conglomerate San Miguel Corp. reported a 48 percent decline in first-quarter net income after the absence of a massive one-time gain from the previous year masked an otherwise robust operational performance across its energy and infrastructure portfolios. In a statement, the firm said...
