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Newly completed Skyway 3 will be toll-free in Dec. — San...

SAN MIGUEL Corp. (SMC) on Tuesday said it will soft-open the newly completed Skyway Stage 3 project in December.

San Miguel gets permit for sale of P20-B shares

SAN MIGUEL Corp. has received regulatory clearance to sell 266.67 million preferred shares to generate funds for its infrastructure projects.

San Miguel gets Senate OK on airport franchise

THE measure granting a 50-year franchise for San Miguel Aerocity, Inc. to construct and operate the Bulacan airport and “airport city” has been approved on third and final reading.

San Miguel sets follow-on offer dividend rate

SAN MIGUEL Corp. has set a 4.75% initial dividend rate for its plan to offer up to P20-billion preferred shares under its P40-billion Series 2 preferred shares program.

San Miguel boss Ang to start airport construction, eyes airline

San Miguel Corp. will start work this month for a Philippine airport that’s scheduled to start servicing Manila in five to six years, President...

Challenge looms to San Miguel airport tax perks legislation

A GROUP of economists and former public officials said they will support a veto of legislation granting tax breaks for San Miguel Aerocity, Inc.’s P740-billion Bulacan airport project if Congress passes the measure.

San Miguel secures regulatory nod for P20-B preferred shares offering

SAN MIGUEL CORP. has obtained regulatory approval to issue P20-billion preferred shares under a shelf registration program.

Bulacan airport’s 50-year franchise clears Senate panel

THE BILL granting a 50-year franchise to the San Miguel Aerocity, Inc.  on Wednesday hurdled the Senate Committee on Public Services, the panel chairperson said.

San Miguel to hire OFWs for Bulacan airport

San Miguel Corp. seeks to hire displaced locals and returning overseas Filipino workers (OFWs) for the construction of its P734-billion airport project in Bulacan.

San Miguel provides flour for bread made with carabao milk

SAN MIGUEL Foundation donated 133 bags of flour for the MilkyBun production of two cooperatives assisted by the Philippine Carabao Center in efforts to help farmers affected by the coronavirus disease 2019 (COVID-19) pandemic.

San Miguel-PNCC joint venture pushing for two new toll road projects

THE Transportation department on Tuesday said the joint venture of the Philippine National Construction Corp. (PNCC) and San Miguel Holdings Corp. (SMHC) is in talks with the government for the construction of the South Luzon Expressway Toll Road 5 and the Pasig River Expressway.

San Miguel’s beer unit posts 62% profit drop

SAN MIGUEL CORP. (SMC) is expecting its beer business to start recovering in the second half, after being battered with a 62.3% earnings drop in the first six months by restrictions on alcoholic beverages.

San Miguel to issue $500-million perpetual securities

SAN MIGUEL CORP. (SMC) is issuing $500-million perpetual securities under its $3-billion medium-term note and securities program.

Work on Bulacan airport to start in Oct.

SAN MIGUEL Corp. is planning to break ground on the P734-billion Bulacan airport project in October, according to the Department of Transportation (DoTr).

San Miguel orders banks to arrange dollar-denominated bond offer

SAN MIGUEL CORP. (SMC) has tapped banks to set up its planned offering of dollar-denominated bonds from its $3-billion securities program.

BoI-approved investments more than double in 1st half

THE Board of Investments (BoI) said approved pledges more than doubled to P645.3 billion in the first half of 2020, led by the San Miguel Holdings Corp. subsidiary’s airport project in Bulacan.

San Miguel still pursuing P734-B Bulacan airport

SAN MIGUEL Corp. (SMC) is committing to pursue its P734-billion international airport project in Bulacan despite the challenges brought by the coronavirus disease 2019 (COVID-19) pandemic to its finances.

San Miguel to donate carabao milk to 5,000 beneficiaries

SAN MIGUEL Corp. (SMC) will distribute some 5,000 liters of excess pasteurized carabao milk to around 5,000 beneficiaries in six cities and provinces in Luzon, as part of the company’s efforts to help dairy farmers recover their financial losses.

San Miguel reopens SLEx Alabang southbound entry

SAN MIGUEL Corp. (SMC) said it reopened last Sunday the Skyway Alabang Toll Plaza southbound entry, less than two weeks after it was closed to motorists due to the ongoing construction of the P10-billion Skyway Extension Project.

Petron stations host more mobile produce stores

SAN MIGUEL Corp. (SMC) and the Department of Agriculture (DA) said they opened more mobile produce stores at Petron gas stations around Metro Manila.

San Miguel readies issuance of $1-billion perpetual securities

SAN MIGUEL Corp. (SMC) is planning to issue perpetual securities worth up to $1 billion or about P50.72 billion, which it will not offer to the public.

Pandemic hits San Miguel with 91% profit drop to P1 billion

PROFITS of San Miguel Corp. (SMC) crashed 91% in the first quarter as the coronavirus disease 2019 (COVID-19) pandemic led to a double-digit decline across its business units.

Skyway extension faces delay on pandemic lockdown

San Miguel Corp. on Tuesday said the completion of its P10-billion Skyway extension project might be slightly delayed due to the coronavirus lockdown.

SMC’s Holcim bid withdrawn after PCC rejection

THE Philippine Competition Commission (PCC) said San Miguel Corp. (SMC) withdrew its acquisition of Holcim Philippines, Inc. after the agency rejected the parties’ proposals for voluntary commitments drafted in response to concerns from the merger.

San Miguel to hand over testing machines for COVID-19

SAN MIGUEL Corp. (SMC) is donating high-capacity testing machines and testing kits to aid in the government’s mass facilitation of tests for people possibly infected with the coronavirus disease 2019.

SMC seeks more farms for raw materials

SAN MIGUEL Corp. (SMC) is studying how it can tap more farmers to source raw materials for its food products while helping farms stay profitable, the company said, as the country grapples with the health emergency brought about by the coronavirus disease 2019 (COVID-19).

SMC allots P500M for health workers’ protective gear

SAN MIGUEL CORP. (SMC) has set aside P500 million to buy personal protective equipment (PPE) for frontline health workers, the listed conglomerate said on Monday, as it called on local manufacturers to boost production to ensure a steady supply.

SMC to present new design proposal for MRT-7 above-ground area —...

PRIVATE concessionaire San Miguel Corp. (SMC) will present on Feb. 28 a new design proposal for the above-ground area of the Quezon Memorial Circle (QMC) station of the Metro Rail Transit Line 7 (MRT-7) project, the Department of Transportation (DoTr) said.

SMC delays Skyway Stage 3 opening to July after fire

SAN MIGUEL Corp. (SMC) has committed to work 24/7 to open the Metro Manila Skyway Stage 3 — a portion of which had collapsed due to fire last Saturday — by July this year.

San Miguel buyout of Holcim worries competition watchdog

THE Philippine Competition Commission (PCC) has raised concerns regarding San Miguel Corp.’s (SMC) proposed $2.15-billion acquisition of Holcim Philippines Inc. (HPI), saying the deal could lessen competition in the grey cement market in Luzon.

San Miguel goes for twice-to-beat edge; Alaska looks to book QF...

THE PHILIPPINE Basketball Association Governors’ Cup holds its final matches in the elimination round today with the San Miguel Beermen and Alaska Aces looking to pad their respective quarterfinal thrusts against separate opponents.

San Miguel now has a wine

SAN MIGUEL, known for its beer and gin, is set to shake up with beverage market with a new product: wine.

San Miguel breaks ground on P6.7-B Iloilo brewery

SAN MIGUEL Brewery Inc. (SMB) on Friday broke ground on its P6.7-billion brewery that is expected to jump-start development in Leganes, a suburb in the north of Metro Iloilo City.

San Miguel looking to build an elevated expressway on EDSA

SAN MIGUEL Corp. (SMC) is seeking to build an elevated expressway along Epifanio de los Santos Avenue (EDSA) as a direct alternative to the heavily congested 23-kilometer highway.

San Miguel to build new brewery in Iloilo

SAN MIGUEL Brewery, Inc. (SMB) on Monday said it will break ground for a new production facility in Leganes, Iloilo this month, as part of a bigger plan to establish more breweries around the country in order to boost capacity and reduce logistics costs.

SMC registers P10 billion fixed-rate bond issue

SAN MIGUEL Corp. (SMC) said Friday that it registered with the Securities and Exchange Commission a planned issue of P10 billion in fixed-rate bonds, the proceeds of which could help redeem a preferred share issue.

San Miguel 1st half income drops 5%

DIVERSIFIED conglomerate San Miguel Corp. (SMC) recorded a 5% profit decline for the first half of 2019, which was attributed to flat sales and the slow performance of Petron Corp.

San Miguel to push for new power projects

SAN MIGUEL Corp. (SMC) said it will continue putting up new power projects, amid the pending implementation of the competitive selection process (CSP) which favors the lowest-cost provider for consumers.

San Miguel net income declines 18% in 2018

SAN MIGUEL Corp. (SMC) reported an 18% drop in net income attributable to equity holders of the parent company in 2018, as an increase in revenues failed to offset higher expenses.

Food and art tripping in Rizal

LIKE LOVERS who have made themselves too available, it’s easy to take the province of Rizal for granted. It’s too near the city, and it doesn’t boast of Tagaytay’s views and chilly mountain breezes. It does, however, have a character and beauty of its own: so much of it, in fact, to make artists want to work, live, and as in the case of National Artist Carlos “Botong” Francisco, to want to die there.

SMC allots P1 billion for Tullahan River cleanup

DIVERSIFIED conglomerate San Miguel Corp. (SMC) is pouring in P1 billion to support the government’s cleanup efforts of the Tullahan River system.

MMDA rerouting traffic at NLEX to make way for Skyway construction

THE Metropolitan Manila Development Authority (MMDA) is rolling out a traffic rerouting plan for areas affected by the construction of the Skyway Stage 3...

San Miguel vows to clean up Bulacan coastal areas

DIVERSIFIED conglomerate San Miguel Corp. (SMC) plans to revive some 12,000 hectares of coastal fishing areas in Bulacan, to ensure the sustainability of the area where the company will build its proposed airport project.

San Miguel food unit prices shares at low end of range

SAN MIGUEL FOOD and Beverage, Inc. (SMFB) has priced its follow-on offering (FOO) at P85 per share, the low end of its indicative price range of P85-P95, which would allow it to raise as much as P39.19 billion in fresh capital before the year ends.

San Miguel halves food unit share sale, seeks $920 million

MANILA/SINGAPORE — Philippine conglomerate San Miguel Corp. said it is looking to raise about $920 million through a sale of shares in its food unit, slashing the size of the offering by almost half due to weakness in the stock market.