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SMC’s 9-month recurring profit up 20%

DIVERSIFIED conglomerate San Miguel Corp.’s recurring profit jumped by a fifth in the nine months ending September, driven by strong sales volumes complemented by favorable selling prices.

SMC unit plans to import palay

THE FOOD AND BEVERAGE unit of diversified conglomerate San Miguel Corp. (SMC) said it plans to import unmilled rice should the government pass a law lifting quantitative restrictions (QR) on the volume of rice imports annually.

Regulator to look into minority shareholder’s complaint vs SMC

THE Securities and Exchange Commission (SEC) has formed a special panel to investigate a complaint filed against San Miguel Corp. (SMC) and its subsidiaries for allegedly violating the mandatory tender offer rule prior to the merger of its traditional businesses.

SMC taps Standard Chartered, Sumitomo as financial advisors for airport project

SAN MIGUEL Corp. (SMC) is tapping Standard Chartered Bank (SCB) and Sumitomo Mitsui Banking Corp. (SMBC) as co-financial advisors for its proposed New Manila International Airport in Bulacan.

SMC says Bulacan airport project to generate one million jobs

SAN MIGUEL Corporation (SMC) on Monday said its proposed P736-billion New Manila International Airport in Bulacan will generate as much as one million jobs in its construction phase.

Biz group backs SMC’s Bulacan airport plan

THE INTERNATIONAL Chamber of Commerce-Philippines (ICCP) expressed its support for San Miguel Corp.’s (SMC) proposed Bulacan International Airport — also called the New Manila International Airport — after the fiasco at the Ninoy Aquino International Airport (NAIA) over the weekend.

San Miguel may get go signal for TPLEx extension by next...

THE DEPARTMENT of Public Works and Highways (DPWH) said it is looking to give San Miguel Corp. (SMC) by next month the original proponent status (OPS) for its proposal to extend the Tarlac-Pangasinan-La Union Expressway (TPLEx).

SMC’S proposed TPLEx extension to Ilocos Sur now under assessment

PUBLIC WORKS and Highways Secretary Mark A. Villar on Wednesday said his office has already received the complete proposal of San Miguel Corp. (SMC) for the extension of the Tarlac-Pangasinan-La Union Expressway (TPLEx) tollroad to Ilocos Sur.

SMC to ‘invest heavily’ in renewable energy

DIVERSIFIED conglomerate San Miguel Corp. (SMC) plans to build up to 10,000 megawatts (MW) of renewable energy facilities in the next 10 years, adding to its existing installed capacity coming mostly from traditional coal and gas power plants.

SMC proposes to build Caticlan-Boracay bridge

DIVERSIFIED conglomerate San Miguel Corp. (SMC) will be submitting today an unsolicited proposal to the government for a P3-billion bridge connecting Caticlan to Boracay island.

SMC plans to build 5-6 new breweries

DIVERSIFIED conglomerate San Miguel Corp. (SMC) is planning to put up five to six new breweries worth around $250 million each in the country, in a bid to bring down logistics costs and boost profitability for the beer business.

SMC recurring profit up 31% in 1st quarter

SAN MIGUEL CORP. (SMC) grew its consolidated recurring profit by a third in the first quarter of 2018, fueled by the performance of its...

SMC eyes at least P10B from fixed-rate notes

SAN MIGUEL Corp. (SMC) looks to raise at least P10 billion from the issuance of fixed rate notes due 2020 to refinance existing debt...

SMC to issue P10-billion fixed rate notes

San Miguel Corp. (SMC) looks to raise P10 billion from the issuance of fixed rate notes due 2020 fo refinancing existing debt and to...

SMC’s Bulacan airport proposal among projects approved by government

THE NATIONAL Economic and Development (NEDA) Board gave the go signal to 20 projects during its meeting on Wednesday, April 25, including large-scale projects...

SMC share transfer deal folds food units into SMFB

SAN Miguel Corp (SMC) said it completed the consolidation of its food businesses under San Miguel Food and Beverage Inc. (SMFB) via a transfer...

San Miguel formalizes consolidation of food and beverage business

San Miguel Corp has formalized its consolidation of its food businesses under San Miguel Food and Beverage Inc. The conglomerate announced the signing of the...

SMC planning to further trim foreign obligations

By Krista A. M. Montealegre, National Correspondent SAN MIGUEL Corp. (SMC) plans to further trim down its dollar-denominated debt, as the peso weakens and interest rates...

SMC plans to lower dollar-denominated debt as peso weakens

By Krista Angela M. Montealegre, Senior Reporter San Miguel Corp. (SMC) plans to further trim down its dollar-denominated debt, as the peso weakens and interest rates...

SMC sets timetable for P30-B bond offer

DIVERSIFIED conglomerate San Miguel Corp. (SMC) has set the listing of its P30-billion fixed rate bond issuance this March.  In an investors’ briefing in Mandaluyong...

SMC gets top credit rating for P30-B fixed-rate bonds

DIVERSIFIED conglomerate San Miguel Corp. (SMC) secured the highest credit rating for its planned P30-billion fixed-rate bond issuance, a local debt watcher said.  In a...

DPWH hopes to start NAIAx-BGC link in 2018

THE Department of Public Works and Highways (DPWH) is looking to start work on the proposed link between the Ninoy Aquino International Airport Expressway...

More holding firms turn in positive results

FIVE MORE conglomerates reported favorable results on Friday, firming a generally positive picture of listed holding companies in the third quarter and the nine...

SMC consolidates beverage businesses under Pure Foods

By Arra B. Francia, Reporter SAN MIGUEL CORP. (SMC) is consolidating its beverage businesses under San Miguel Pure Foods Company, Inc. (SMPFC) through a P336.35-billion...

SMC eyes expansion of SLEx, Skyway, NAIAx

SAN MIGUEL Corp. (SMC) said it submitted to the government a three-year plan to expand toll roads in southern Metro Manila, as a way...

San Miguel mulls legal steps as Kaliwa dam project to be...

By Victor V. Saulon, Sub-Editor SAN MIGUEL Corp. (SMC) will be consulting its board and its lawyers once the government officially announces that the conglomerate’s...

SMC Global puts IPO on hold amid PSALM dispute

By Victor V. Saulon, Sub-Editor SMC GLOBAL POWER Holdings Corp. has put on hold its plan to go public this year, amid its on-going dispute...

San Miguel exits plastic bottled water business

SAN MIGUEL Corp. (SMC) will be ending its plastic bottled water business as part of efforts to reduce the company’s impact on the environment. In...