Diversified conglomerate San Miguel Corporation (SMC) was named Forbes Magazine’s annual list of the World’s Best Employers which includes 800 firms from some 57 countries. In a statement, SMC said it is number 174 overall, and is one of just two firms based in the Philippines--along with...
Diversified conglomerate San Miguel Corporation (SMC) is ramping up its efforts that will ensure sustainable livelihood and business opportunities for close to 500 families living in Bulakan, Bulacan. In a statement, the firm said it has launched a livelihood center and formally established a...
The Securities and Exchange Commission (SEC) has approved the bond offerings of San Miguel Corporation (SMC) and Aboitiz Equity Ventures, Inc. (AEV) that will raise up to P90 billion for the two firms. The Commission En Banc resolved to render effective the registration statement of SMC for up to...
Diversified conglomerate San Miguel Corporation (SMC) reported a 26 percent growth in consolidated core net income to P43.5 billion in the first nine months of 2022 from the P34.4 billion earned in the same period last year. However, consolidated nine-month net income fell 62 percent to P12.9...
San Miguel Equity Investments Inc. (SMEII), a wholly-owned subsidiary or San Miguel Corporation has started the P12.66 billion tender offer for shares amounting to 11.5 percent of Eagle Cement Corporation held by minority stockholders. In a disclosure to the Philippine Stock Exchange, Eagle Cement...
San Miguel Brewery Inc. (SMB), the flagship beer business of San Miguel Corporation, posted a 15 percent growth in net income to P16.2 billion from the P14.1 billion earned in the same period last year. In a statement, SMC said SMB registered higher revenues, volumes, and profits versus last year...
San Miguel Corporation can now push through with its P97.5 billion acquisition of 88.5 percent of Eagle Cement Corporation after the Philippine Competition Commission (PCC) has ruled that its approval is no longer required for the transaction. In a disclosure to the Philippine Stock Exchange, SMC...
Diversified conglomerate San Miguel Corporation reported that its subsidiary SMC Global Power Holdings Corp. is planning to buy back $400 million worth of its US Dollar-denominated senior perpetual capital Securities through a tender offer. In a disclosure to the Philippine Stock Exchange, SMC said...
San Miguel Corporation (SMC) has opened a women’s health clinic in Tondo to provide specialized healthcare for women from nearby poor communities. In a statement, the conglomerate said the clinic aims to reduce the risk of breast and cervical cancer — two of the most common diseases among...
Diversified conglomerate San Miguel Corporation is planning to undertake a P12.66 billion tender offer for minority shares of Eagle Cement Corporation once the Philippine Competition Commission approves the P97.5 billion acquisition of the cement firm. In a disclosure to the Philippine Stock...
Diversified conglomerate San Miguel Corporation is planning to acquire 88.5 percent of Eagle Cement Corporation, a firm controlled by SMC President Ramon S. Ang, P97.5 billion. In a disclosure to the Philippine Stock Exchange, SMC said its Board of the Directors, with the endorsement of the Related...
Diversified conglomerate San Miguel Corporation has received the highest Issue Credit Rating of PRS Aaa from Philippine Rating Services Corporation (PhilRatings) for its planned P60 billion bond issuance. PhilRatings said SMC is planning a bond issuance of P40 billion with an oversubscription of...
