Home Tags SMC

Tag: SMC

San Miguel to consider Phivolcs comments on Bulacan airport flooding

Bulacan airport proponent San Miguel Corp. said it will consider the comments of the Philippine Institute of Volcanology and Seismology (Phivolcs) about possible flooding...

SM Investments gets corporate regulator’s nod on P30-billion bond program

SM Investments Corp. (SMIC) has received the approval of the Securities and Exchange Commission (SEC) for the shelf registration of a P30-billion bond program.

San Miguel wins case vs shareholder over units’ merger

THE Securities and Exchange Commission (SEC) has favored San Miguel Corp. (SMC) in its dispute with a minority shareholder over a share-swap deal that merged its food and beverage businesses in 2018.

SMC airport tax perks may gain backing

THE proposed measure that seeks to grant San Miguel Aerocity, Inc. various tax incentives for the P740-billion Bulacan airport project — including income tax exemption for the entire 50-year concession period — is likely to get strong support from senators.

House panel OK’s tax perks for SMC airport

THE House ways and means committee on Wednesday approved a proposal to exempt a San Miguel Corp. (SMC) subsidiary from all taxes while it is constructing the P740-billion international airport in Bulacan province.

San Miguel river dredging resumes

THE P1-BILLION dredging project of San Miguel Corp. (SMC) in the Tullahan-Tinajeros river system has removed 2,150 truckloads of silt and garbage after resuming operations in June.

Northbound section of Skyway Extension seen completed by Dec.

SAN MIGUEL Corp. (SMC) said Monday it expects to complete the northbound section of the P10-billion Skyway Extension project by December.

SMC adds mud crab in mangrove project

SAN MIGUEL CORP. (SMC) plans to grow around 100,000 mud crabs per month at its 10-hectare mangrove plantation site in Bulacan as part of the company’s efforts to protect the environment and create a new source of livelihood for the residents.

SMC to list $500-million bonds; FDC plans dollar bond offering

SAN MIGUEL CORP. (SMC) has completed the issuance of $500-million perpetual securities on Wednesday, which it expects to list at the Singapore Exchange Securities Trading Ltd. on Friday.

SMC sets strict office safety protocols

SAN MIGUEL Corp. (SMC) said on Wednesday that it had put in place stringent protocols to ensure a safe workplace for its employees who are physically reporting for work starting this week after Metro Manila’s transition to a relaxed lockdown.

SMC teams take first step toward possible return

WHILE the return to action of the Philippine Basketball Association this season remains to be seen amid concerns over the coronavirus disease 2019 (COVID-19) pandemic, teams under the umbrella of San Miguel Corp. have begun moves for their possible return to the floor by having their players tested for the highly contagious respiratory disease.

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.

SMC buys 69 million kilos of corn to support farmers

SAN MIGUEL Corp. (SMC) said its food unit has purchased 69 million kilograms of corn from farmers to ensure adequate supply and prop up farmer incomes during the market disruptions caused by the coronavirus disease 2019 (COVID-19) pandemic.

SMC starts COVID-19 tests on employees

SAN Miguel Corp. (SMC) has started doing coronavirus disease 2019 (COVID-19) tests to its employees as they prepare to return to work.

SMC delivers donated testing booths, kits to LGUs

SAN MIGUEL Corporation (SMC) said it has started donating COVID-19 testing booths to the cities of Mandaluyong, Pasig, and Manila, as part of its commitment to boost the testing capacities of all Metro Manila local government units (LGUs).

SMC, DA tie up for food security

San Miguel Corp. (SMC) will partner with the Department of Agriculture (DA) in two initiatives that will help secure food supply as farmers struggle from the impact of the coronavirus disease 2019 (COVID-19) pandemic.

SMC to build emergency facilities for military men positve for coronavirus

SAN MIGUEL Corp. (SMC) is building emergency quarantine facilities near military hospitals across the country for uniformed personnel infected with the coronavirus disease 2019 (COVID-19).

San Miguel says donations reach P878M into third week of quarantine

Donations from San Miguel Corp. (SMC) have reached P877.8 million on the third week of the government-imposed enhanced community quarantine period to contain the spread of 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 offers toll-free passage for doctors, nurses

SAN MIGUEL Corp. (SMC) on Friday said all of its expressways will be toll-free for medical practitioners battling the coronavirus disease 2019 (COVID-19) pandemic.

LT Group, SMC raise rubbing alcohol production

TWO of the largest alcoholic beverage companies in the Philippines have boosted their production of rubbing alcohol to donate to the frontline facilities and workers battling the spread of the 2019 coronavirus disease 2019 (COVID-19) pandemic.

SMC’s Ang calls on power producers to preserve fuel supply

THE head of San Miguel Corp. (SMC) has called on power producers in the country to save up their fuel inventories to ensure their unhampered operations during the Luzon-wide lockdown as most businesses have temporarily closed.

SMC defers issuance of P60-B commercial papers

SAN MIGUEL Corp. (SMC) is delaying the issuance of P60 billion worth of commercial papers, as Luzon is under enhanced community quarantine until mid-April due to the coronavirus disease (COVID-19) outbreak.

PSALM studies SMC prepay offer

THE government is considering the offer of San Miguel Corp. (SMC) subsidiary South Premiere Power Corp. (SPPC) to pay in advance its obligations for administering a 1,200-megawatt power plant in Batangas.

SMC reports flat earnings as fuel, food units slip

SAN MIGUEL CORP. (SMC) posted flat earnings in 2019, dragged by a decline in earnings from its oil and food businesses.

SMC’s Ang offers full payment for Ilijan plant to support PSALM

THE president of diversified conglomerate San Miguel Corp. (SMC) has offered to pay in full the capacity charges for its 1,200-megawatt (MW) Ilijan power plant amounting to P22.68 billion, more than two years ahead of schedule.

SMC unit maintains no billing statement received from by PSALM

SAN MIGUEL CORP. (SMC) said on Monday it was standing by its statement that its unit South Premiere Power Corp. (SPPC) had not received monthly billing statements from state-led Power Sector Assets and Liabilities Management Corp. (PSALM) that indicate an alleged deficiency claim amounting to P23.94 billion.

SMC to PSALM: allow courts to decide dispute

SAN MIGUEL Corp. (SMC) told Power Sector Assets and Liabilities Management Corp. (PSALM) on Monday to stick to the facts and let the courts decide on the claim by the state-led agency that a unit of the conglomerate owes the government P23.94 billion.

SMC secures $3-B debt program

SAN MIGUEL Corp. (SMC) has secured the registration for its $3-billion (about P152.22 billion) bond program that will finance its infrastructure projects and refinance existing obligations.

SMC secures top rating for P60-B debt

SAN MIGUEL Corp. (SMC) has been assigned the highest credit rating by a local debt watcher for its planned shelf registration of P60 billion commercial papers.

Boracay Airport continues operations after typhoon

THE Boracay (Godofredo P. Ramos) Airport in Caticlan continues to operate amid widespread damage in the Visayas region caused by typhoon Ursula, according to San Miguel Corporation’s (SMC) infrastructure unit.

SMC plans fundraising for infrastructure projects

SAN MIGUEL Corp. (SMC) is planning to raise funds from the overseas and local debt markets for its major infrastructure projects and investments.

SMC pilot-testing road made from recycled plastics

SAN MIGUEL Corp. (SMC) said it conducted pilot tests on the first road in the Philippines made from recycled plastics, to help address the country’s plastic waste problem.

SMC posts flat earnings growth in Q3

SAN MIGUEL Corp. (SMC) saw flat earnings growth in the third quarter, as consolidated sales dropped 5% on lower contributions from Petron Corp.

SMC earnings drop by 5%

EARNINGS of San Miguel Corp. (SMC) fell 5% in the first nine months of the year, as Petron Corp.’s profits took a hit from shrinking refining margins.

SMC lists P10-B bonds

SAN MIGUEL Corp. (SMC) has successfully listed on Friday its P10-billion fixed rate bonds at the Philippine Dealing & Exchange Corp. (PDEx).

SMC mulls unsolicited proposal for Panay-Guimaras bridge — Drilon

SAN MIGUEL Corp. (SMC) is interested in investing in Iloilo as it looks to submit an unsolicited proposal for the construction of the bridge that will connect Panay to Guimaras, according to Senator Franklin M. Drilon.

SEC approves SMC’s P10-billion fixed-rate bond issue

SAN MIGUEL Corp. (SMC) said Friday that it obtained approval of the Securities and Exchange Commission for a P10 billion fixed-rate bond issue that forms part of its P60-billion shelf registration.

SMC to consolidate packaging business under SMYPC

SAN MIGUEL Corp. (SMC) is consolidating its packaging businesses under San Miguel Yamamura Packaging Corp. (SMYPC).

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.

SMC plans P10-B bond issuance

DIVERSIFIED conglomerate San Miguel Corp. (SMC) plans to raise up to P10 billion from the issuance of five-year bonds by October.

SMC taps 3 foreign firms to design new airport

SAN MIGUEL Corp. (SMC) has tapped three foreign companies for the design and construction of its proposed P734-billion international airport in Bulakan, Bulacan.

SMC to build food bank in Tondo

SAN MIGUEL Corp. (SMC) is building a food bank and community center in Tondo, Manila as part of efforts to ramp up its sustainability programs.

Ang expects to spend P10 billion for bus terminal

SAN MIGUEL Corp. (SMC) said it may spend around P10 billion for the construction and operation of a proposed bus and food terminal on the site of the former Pandacan oil depot.