Diversified conglomerate San Miguel Corp. (SMC) is optimistic that its growth will be much stronger this year compared to 2021 on the back of the improvements in the Covid situation. “With lesser lockdown and (now being) more knowledgeable about the Covid problem, I think the company with...
While grappling with rising raw material costs in all divisions, San Miguel Food and Beverage Inc. expects its beer and spirits businesses to continue to recover as the economy reopens. “We are almost half-way through 2022 and many macro uncertainties have emerged including accelerating inflation...
Diversified conglomerate San Miguel Corporation posted a 19 percent drop in net income to P13.94 billion in the first quarter of 2022 from P17.17 billion in the same period last year due to non-recurring items. In a statement, the firm said consolidated income from operations jumped 25 percent to...
San Miguel Food and Beverage, Inc. reported a 5 percent decline in consolidated net income to P9.2 billion in the first quarter of 2022 from P9.7 billion in the same period last year. However, the firm said in a statement that, excluding non-recurring benefits in the first quarter of 2021 related...
Bank of Commerce (BankCom), an affiliate of San Miguel Corporation (SMC), successfully debuted at the Philippine Stock Exchange (PSE) with its share price closing at P12.22 each, 1.83 percent higher than its initial public offering price of P12.00. The bank raised P3.36 billion from its IPO which...
Diversified conglomerate San Miguel Corporation (SMC) said it remained committed to build the P95-billion Pasig River Expressway (PAREX) as a safe, reliable and sustainable infrastructure. In a statement, SMC President and Chief Operating Officer Ramon S. Ang said the 19.37-kilometer road will link...
SMC President and CEO Ramon S. Ang San Miguel Corporation (SMC), through San Miguel Aerocity Inc.(SMAI), is rolling out more livelihood projects for communities around the site of its New Manila International Airport (NMIA) project in Bulacan. "For close to three years now, we have also been...
Bank of Commerce (BankCom), an affiliate of San Miguel Corp. (SMC), is ramping up investment in technologies to optimize operations and further improve customer experience. In a statement, the BankCom said it has just completed systems upgrade of key services including treasury, trust banking and...
San Miguel Corporation reported a 120 percent surge in consolidated net income last year to P48.2 billion, which is at par with pre-pandemic levels. In a disclosure to the Philippine Stock Exchange, the conglomerate said its group-wide revenues rose 30 percent to P941.2 billion, driven by higher...
San Miguel Corporation (SMC) is planning to double the capacity of its P10-billion advanced cement manufacturing facility in Davao to 100 million bags after it starts full commercial operations later this year. In a statement, SMC said its aim is to reduce reliance on imports and avoid delays in...
San Miguel Corp. (SMC) reported that its group-wide reforestation initiative nationwide has resulted in the planting of 3.8 million trees since 2019 to date. The conglomerate said in a statement that it has recently completed planting over 26,000 trees in Angat, Bulacan together with the town’s...
San Miguel Corporation (SMC) is ramping up its clean-up of the Tullahan-Tinajeros river system and the Pasig River which will cost it about P3 billion. In a statement, the diversified conglomerate said it is eyeing to remove a total of 1 million tons of silt and solid waste from the...
