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Work to link east, west of Metro Manila starts — SMC

SAN MIGUEL Corp. (SMC) on Thursday said it would start work to build a direct link between eastern and western Metro Manila.

San Miguel also wants to rehabilitate NAIA, says head of gov’t...

SAN MIGUEL Corp. (SMC) and the Philippine Airport Ground Support Solutions, Inc. also want to get the contract to rehabilitate the Ninoy Aquino International Airport (NAIA), the Manila International Airport Authority said on Thursday.

San Miguel tops list of PHL corporations by revenue

A PRELIMINARY RANKING of the Philippines’ Top 200 corporations showed an aggregate gross revenue of P11.25 trillion in 2019 on a consolidated basis, with conglomerate San Miguel Corp. (SMC) topping the list.

San Miguel to invest P3 billion in Petrogen Insurance

San Miguel Corp. (SMC) is making an equity investment of P3 billion in Petrogen Insurance Corp., a wholly-owned insurance company of Petron Corp., it said in a disclosure to the Philippine Stock Exchange (PSE).

Pumping stations, dredging spared some towns from flooding — SMC

MALABON AND NAVOTAS cities did not experience heavy floods during the onslaught of typhoons Rolly and Ulysses because of the presence of the government’s water pumping stations, which were complemented by San Miguel Corp.’s (SMC) Tullahan-Tinajeros river dredging project, the firm said on Tuesday.

San Miguel continues to ramp up corn purchases to boost income...

SAN MIGUEL Corp. (SMC), via its food division San Miguel Foods, has purchased 87,946 metric tons (MT) of corn from local farmers’ cooperatives in October to early November as part of its efforts to augment the income of farmers affected by the coronavirus disease 2019 (COVID-19) pandemic.

San Miguel to build 200-MW solar farm to energize Bulacan airport

San Miguel Corp. (SMC) plans to construct a 200-megawatt (MW) solar farm in Bulacan to power its New Manila International Airport project, the firm said in a press release on Wednesday.

San Miguel plans plastic-made bike lane projects with local governments

SAN MIGUEl Corp. (SMC) is hoping to work with local governments and its so-called “technology partners” to build bicycle lanes made of recycled plastics, it said in a statement on Monday.

Solar installations to power San Miguel’s Bulacan airport

LISTED conglomerate San Miguel Corp. (SMC) plans to install solar technologies to power its international airport project in Bulacan, its top official said.

San Miguel to build LNG power plants

CONGLOMERATE San Miguel Corp. (SMC) intends to build more liquified natural gas (LNG) power plants with over 5,000 megawatts (MW) of capacity over the next years, its top official said.

San Miguel seeks P20-B second tranche preferred shares sale

SAN MIGUEL Corp. has applied to launch the second tranche of its preferred shares offering, which will generate funds to support its repayment of loans and additional investments in its P734-billion Bulacan airport project.

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.