Passenger experience at the Ninoy Aquino International Airport (NAIA) is expected to improve by 50 percent in the upcoming Christmas season amid improvements from New NAIA Infrastructure Corp.'s (NNIC) first 60 days since the takeover.In a briefing, Ramon S. Ang, NNIC president and chief...
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...
San Miguel Food and Beverage Inc. (SMFB) posted an 11 percent hike in consolidated net income to P30.4 billion for the first nine months of 2024 due to significant growth registered across all business segments.In a statement, the firm said that, for the period ending Sept. 30, 2024, consolidated...
Petron Corporation reported a decline in net income for the first nine months of 2024, as challenges in the international oil market persisted, despite achieving revenue and sales growth.In a statement on Tuesday, Petron reported that its net income dropped to P7.1 billion in the first nine months...
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 from...
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...
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 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...
The Ninoy Aquino International Airport (NAIA), notorious for its congestion and delays, is about to get a much-needed facelift. The San Miguel Corp. (SMC) consortium has pledged to revamp the airport and improve the travel experience for millions of passengers.Starting Sept. 14, the SMC-led New NAIA...
Petron Corporation, the San Miguel group’s oil and gas subsidiary, has set the initial dividend rate for the P17 billion worth of preferred shares that will be issued after a follow-on offering.In a disclosure to the Philippine Stock Exchange, the firm said the initial dividend rate is 6.8364...
The Philippine Stock Exchange has approved Petron Corporation’s P17 billion follow-on offering of preferred shares which will kick off next week, on September 5, 2024.In a disclosure to the Philippine Stock Exchange, the San Miguel group’s oil and gas subsidiary said it is offering oup to 17...
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...
