In the late 2000s, Philippine business saw an intense corporate war as two of the country 's most aggressive conglomerates, Metro Pacific Investment Corp. (MPIC) of Manuel V. Pangilinan and San Miguel Corp. (SMC) of Ramon S. Ang, went to war for a single asset: Manila Electric Co. (Meralco)....
After more than a decade, tycoon Ramon S. Ang is back as a shareholder in power distributor Manila Electric Co. (Meralco). In a disclosure to the Philippine Stock Exchange on Wednesday, July 23, Ang-led San Miguel Corp. (SMC) confirmed reports that its unit, SMC Global Power Holdings (formerly...
Ramon S. Ang-led San Miguel Corp. (SMC) is set to build a new passenger terminal at Godofredo P. Ramos Airport in Caticlan, the main gateway to Boracay Island, which is expected to increase the airport’s capacity to seven million passengers starting 2027. President Ferdinand “Bongbong” Marcos...
Three years ago, President Ferdinand Marcos Jr. took the helm of the country as the world continued to grapple with the Covid-19 pandemic and economies, including the Philippines, strove for recovery after crippling lockdowns. Governments worldwide faced the delicate task of balancing public health...
The Philippines is seeing a steady increase in international destinations out of Ninoy Aquino International Airport (NAIA), as its private operator ramps up improvement efforts to unlock new global opportunities. In a statement, New NAIA Infra Corp. (NNIC) said more carriers are including Manila in...
Diversified conglomerate San Miguel Corporation expects to sustain its growth trajectory seen in the first quarter of the year as new revenue streams are expected to come online. During the firm’s annual stockholders’ meeting, SMC Chairman and CEO Ramon S. Ang stated that the firm’s...
Concepcion Industrial Corporation (CIC), the country’s leading provider of consumer lifestyle and enterprise solutions, is discussing with San Miguel Corporation its possible participation in the rehabilitation of the three terminals of the Ninoy Aquino International Airport. In a discussion with...
The Department of Transportation (DOTr) is looking to cushion the blow for Ramon Ang-led San Miguel Corp. (SMC), which is set to face revenue loss due to the upcoming toll holiday in select segments of Skyway Stage 3 during the rehabilitation of EDSA. In a press briefing on Monday, May 26,...
Diversified conglomerate San Miguel Corporation (SMC) first-quarter earnings almost quintupled to ₱43.4 billion, surging by a sharp 388 percent from ₱8.9 billion a year earlier due to one-time gains from the partial sale of power assets and foreign exchange gains. The firm said its core net...
San Miguel Food and Beverage, Inc. (SMFB) Chairman Ramon S. Ang expects the company to post strong earnings growth in 2025 and beyond as it continues to expand capacity and reach. The company started 2025 with strong momentum, posting robust first quarter results driven by sustained demand,...
One more from San Miguel Corporation Chairman Ramon S. Ang’s brood of eight children is taking a bigger role in the diversified conglomerate. In a disclosure to the Philippine Stock Exchange, Petron Corporation reported that 39-year-old Jacqueline L. Ang is one of the 12 newly-elected members of...
Diversified conglomerate San Miguel Corp. (SMC) reported a 22 percent growth in core net income to ₱52.3 billion last year, reflecting strong operational performance, even as its net income declined 18 percent to ₱36.7 billion due to foreign exchange adjustments. In a statement, the firm said...
