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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.

BIR confirms San Miguel share swap transaction is tax-free

DIVERSIFIED conglomerate San Miguel Corp. (SMC) has received clearance from the Bureau of Internal Revenue (BIR) for the tax-free transfer of its common shares to its newly consolidated food and beverage unit.

All roads lead to the stomach

WE’D LIKE to think that the hours spent in cars and the hours spent waiting for a meal feel the same: both measures of time were made to exist to make the final results more rewarding.

San Miguel plans power plants’ transition to biomass technology

SAN MIGUEL Corp. (SMC) said on Wednesday that it was planning to replace coal with rice husks to fuel its circulating fluidized bed (CFB) power plants to boost the income of farmers while the conglomerate moves towards renewable and sustainable energy generation.

San Miguel units complete share-swap deal

SAN MIGUEL Food and Beverage, Inc. (SMFB) has completed the share-swap transaction consolidating the traditional units of parent San Miguel Corp. (SMC) under its portfolio.

Appetite for San Miguel food subsidiary’s follow-on offering will depend on...

APPETITE FOR San Miguel Food and Beverage, Inc. (SMFB)’s P142-billion follow-on offering will depend on its pricing, as the company undertakes the largest fund-raising activity in the country before the end of the year.

SMFB’s P142-billion follow-on offering to depend on price

Appetite for San Miguel Food and Beverage, Inc. (SMFB)’s P142-billion follow-on offering will depend on its pricing, as the company undertakes the largest fundraising...

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).

San Miguel says recurring profit jumps 29% in 1st half

DIVERSIFIED conglomerate San Miguel Corp. (SMC) grew its recurring profit by 29% in the first six months of 2018, following higher volumes and favorable selling prices across its units.

SMC posts 29% growth in recurring net income

Diversified conglomerate San Miguel Corp. (SMC) grew its recurring profit by 29% in the first six months of 2018, following higher volumes and favorable...

SMFB net income jumps in first half

The newly-consolidated food and beverage arm of diversified conglomerate San Miguel Corp. (SMC) saw its earnings jump by a fifth in the first six...

San Miguel calls out PSALM over alleged unpaid obligations

San Miguel Corp. (SMC) said state agency Power Sector Assets and Liabilities Management Corp. (PSALM) had gained $631 million from the $5.28 billion paid...

San Miguel to invest $1B to build 10 new breweries

PHILIPPINES conglomerate San Miguel Corp. is planning to invest at least $1 billion in the next two years to build 10 breweries inside and outside the country, senior company executives said on Wednesday.

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.

BIR ordered to return P50 million in excess taxes to San...

THE Court of Tax Appeals (CTA) has granted San Miguel Holdings Corp. (SMHC) a partial tax refund of P50.61 million for “excessive” taxes collected by the Bureau of Internal Revenue (BIR).

San Miguel to raise P10B from debt paper sale

SAN MIGUEL Corp. (SMC) is raising P10 billion from the sale of debt papers to institutional investors. The diversified conglomerate said in a disclosure to...

San Miguel Food and Beverage expects to earn P33 billion in...

SAN MIGUEL Food and Beverage, Inc. (SMFBI) — previously known as San Miguel Pure Foods Co., Inc. — is expected to generate P33 billion...

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...

San Miguel confident it can finance Bulacan airport

SAN MIGUEL Corp. (SMC) said it does not need a financial partner for its planned P735 billion Bulacan International Airport. The project has received initial...

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...

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...

SEC approves San Miguel Pure Food’s name change

San Miguel Pure Foods Company, Inc. (SMPF) said it has secured the Securities and Exchange Commission (SEC)’s approval to amend its name and primary...

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...

One telco eyed for remaining frequencies

THE DEPARTMENT of Information and Communications Technology (DICT) is looking at allocating the remaining telco frequencies to one player or consortium of players in...

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...

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...

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...

Spectrum deal seen to speed up Internet service

Growth of Internet commerce as well as social media sites have helped fuel demand for faster Internet services in the Philippines. (AFP) by Krista Angela...

Demystifying the battle for San Miguel Corp.’s 700-MHz allocation

On May 29, the country's two main telecoms firms announced they agreed to buy conglomerate San Miguel Corp. out of the sector for $1.5 billion, pledging...