From mammoth losses incurred in the first semester, leading oil firm Petron Corporation bounced back with P1.63 billion net income in the third quarter of this year and that was propelled mainly by stronger performance on the retail segment of its business. The oil firm classified that it was still...
Government policymakers are being urged to save Petron refinery from its shutdown plan, because it is the only remaining strategic asset that could ensure the country’s energy security goals. Photo credit: https://www.petron.com/ Senate Committee on Energy Chairman Sherwin T. Gatchalian advanced...
San Miguel Corporation (SMC) is mobilizing its resources to quickly deliver much-needed food relief to the Bicol region and other provinces hit by super typhoon Rolly. SMC president and chief operating officer Ramon S. Ang SMC president and chief operating officer Ramon S. Ang said that the company...
To prop the country’s need for more flexible power capacity, the energy investment arm of San Miguel Corporation (SMC) will be building 2,550 megawatts of power facilities that will be utilizing imported liquefied natural gas (LNG) and...
Diversified conglomerate San Miguel Corporation (SMC) has successfully raised P20.0 billion from its issuance of Series 2-J preferred shares which have been listed at the Philippine Stock Exchange. A total of 266.67 million Series 2-J preferred shares were sold to the retail, institutional and...
The P10-billion Northbound section of San Miguel Corporation (SMC)'s Skyway Extension is now 70 per cent done and on-schedule to be finished by year-end, president and chief operating officer Ramon S. Ang announced yesterday. The project, which SMC fully funded, will extend the Skyway...
Leading oil industry player Petron Corporation has laid down the inevitable – that it will be compelled to close shop on its 180,000 barrels per stream day Limay refining facility in Bataan, if no legislative remedies or measures will be passed to level the playing field of taxation in the...
San Miguel Corporation (SMC) is planning to buy bigger volumes of plastic wastes to fuel its cement manufacturing facilities as it ramps up efforts to help manage the country's solid wastes and create more livelihood opportunities during the pandemic. San Miguel Corporation (SMC) president and...
The long awaited 18-kilometer Skyway Stage 3, which links the NLEX and SLEX for private motorists, will soon by opened by San Miguel Corporation (SMC). Under its soft opening, SMC president and chief operating officer, Ramon S. Ang, announced that will be free to all motorists for an entire month....
San Miguel Corporation (SMC) is providing its workforce with bicycles as an alternative transport mode amidst continued travel restrictions nationwide. The conglomerate's program subsidizes bicycles for employees at P2,000 to P3,000 per unit, payable in 12 months, with no interest. San Miguel...
San Miguel Corporation (SMC) president and chief operating officer Ramon S. Ang San Miguel Corporation (SMC) president and chief operating officer Ramon S. Ang was given the prestigious Lifetime Contributor Award for the private sector at the 2020 Asia CEO Awards, touted to be the largest business...
San Miguel Corporation (SMC) has finished building the 17.93-km stretch of its P70-billion Skyway 3 linking Southern and Northern Luzon three weeks ahead of schedule. However, the expressway cannot be opened to the public yet, after continuous heavy rains delayed finishing works, such as the...
