San Miguel Corporation (SMC) is continuing its efforts to deliver food donations to thousands of families in some 22 provinces and cities ravaged by three sucessive super typhoons, with total donations reaching P15 million to date and rising. “We continue to get appeals for help from so many...
The country’s biggest power generation companies are eyeing to join the competitive selection process (CSP) of Manila Electric Company (Meralco) so they can corner contracts on the utility firm’s future power...
San Miguel Corporation (SMC) has unveiled over the weekend major rail and road networks to be incorporated in its P740-billion Bulacan airport project. “These projects make up the massive infrastructure network that make the airport accessible from Metro Manila and various points of...
Taxation is not causing oil refiners to go out of business, the Duterte administration’s chief economic managers maintained. Finance Secretary Carlos G. Dominguez III...
The power investment unit of San Miguel Corporation (SMC) considerably bucked the odds of electricity demand slump and economic contraction this year, as its three-quarter income climbed by 27-percent to P14.48 billion versus last year’s P11.385 billion in the same period. SMC Global Power...
Diversified conglomerate San Miguel Corporation (SMC) posted a net income of P15 billion for the third quarter of 2020, a full turnaround from the P4.0 billion loss incurred in the first half following the easing of restrictions starting July. Consolidated revenues and operating...
San Miguel Food and Beverage, Inc.( SMFB) reported a 37 percent drop in consolidated net income to P14.36 billion in the first nine months of 2020 from P22.92 billion in the same period last year. In a statement, the firm said its third quarter numbers dramatically improved from the first two...
Diversifying conglomerate San Miguel Corporation indicated that it is still weighing in if it will pursue its intent to join the bidding for the 45-percent stake of Shell Philippines Exploration B.V. (SPEX) in the multi-billion Malampaya deep-water-gas to power project. SMC President and COO Ramon...
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...
