SMC - updates

Rappler's latest stories on SMC

ARTICLE FINDER

SMC South highways will be toll-free on Christmas Eve, New Year’s Eve

Dec 19, 2018 - 8:25 PM

Fees won’t be collected at the toll gates of the following highways: NAIAx, Skyway, SLEX, and Star Tollway

Ramon Ang: SMC can self-finance proposed P700-B Bulacan airport

May 04, 2018 - 4:35 PM

'If you look at [our] balance sheet and cash flow, we can easily do the airport alone,' says Ssn Miguel Corporation President Ramon Ang

Petron is main income driver of San Miguel in 2017

Mar 15, 2018 - 8:30 PM

Petron ends 2017 with a 30% higher net income at P14.1 billion on strong sales volumes from the Philippines and Malaysia

HIGHER INCOME. The country's most diversified conglomerate, led by tycoon Ramon Ang, ends 2017 with higher recurring net income mainly on strong performance of Petron. Photo by Agence France-Presse

Appetite for chicken, fresh meat boosts San Miguel Pure Foods' income

Mar 14, 2018 - 5:00 PM

But its milling business remains affected by the continued deceleration of global wheat prices

INCOME UP. Filipinos love for chicken and fresh meat helps to boost San Miguel Pure Foods profits. Photo by Agence France-Presse

PCC approves San Miguel's $1.9-B Masinloc coal power plant acquisition

Feb 26, 2018 - 6:55 PM

The Philippine Competition Commission finds that the deal does not result in substantial lessening of competition in the power generation and retail electricity markets

San Miguel raising P30 billion to fund obligations, invest more

Jan 31, 2018 - 6:40 PM

The conglomerate has been refinancing its dollar-denominated debts as the peso continues to weaken against the dollar and interest rates rise

PESO BOND OFFERING. The conglomerate's latest planned fund-raising activity represents the 3rd tranche of the conglomerate’s P60-billion bond shelf registration previously approved by the SEC. File photo by AFP

Legal battles further delay turnover of coco levy funds to farmers

Jan 14, 2018 - 6:35 PM

The Sandiganbayan rules in favor of UCPB and Cocolife's request to be heard despite an earlier Supreme Court decision that there is no need for further hearings

San Miguel to start building Southeast Metro Manila Expressway in April

Jan 08, 2018 - 8:55 PM

The Department of Transportation expects travel from Batasan, Quezon City to FTI, Taguig City to take just 35 minutes once the expressway is completed

BREAK GROUND. Executives of SMC, DOTr, TRB, BCDA, and DPWH on Monday, January 8 break ground for Southeast Metro Manila Expressway. Photo from SMC

The Philippines' biggest business deals in 2017

Dec 28, 2017 - 3:00 PM

The country's conglomerates have acquired everything from digital payment tech to coal power plants this year, as they acquire the tools they hope will shape the economy’s future

San Miguel buys Masinloc coal power plant for nearly $2 billion

Dec 18, 2017 - 4:15 PM

San Miguel Corporation tops other major power players in the Philippines for the facility, which has an installed capacity of 630 megawatts and is set to add another 300 by mid-2019

TPLEX now extended to Pozorrubio in Pangasinan

Dec 07, 2017 - 6:50 PM

The new 10.10-kilometer segment is expected to cut the Tarlac-Pozorrubio travel time from 2 hours and 30 minutes to just 45 minutes

Foreign firms eyeing piece of San Miguel's food, beverage unit

Nov 22, 2017 - 5:10 PM

This is amid the San Miguel subsidiary's plan to sell up to 30% of its shares, earmarked at $3 billion, mainly through private placements

SHARE SALE. 'There are several big, foreign companies that are offering. We think we will sell 30% of our traditional business. That's around $3 billion,' Ramon Ang told reporters. Photo by Martin San Diego/Rappler

San Miguel buys Australian firm Best Bottlers

Nov 07, 2017 - 7:45 PM

Best Bottlers is the 3rd Australian bottler acquired by San Miguel, after Barossa Bottling and Portavin

Background image from Best Bottlers' official website

San Miguel to merge food, beverage businesses

Nov 06, 2017 - 4:40 PM

Shares of San Miguel Pure Foods surge by 50% to P462 apiece on Monday, November 6, following San Miguel Corporation's decision to consolidate its traditional businesses

CONSOLIDATION. San Miguel Pure Foods' primary purpose will be expanded to engagement in the alcoholic and non-alcoholic beverage business. File photo from AFP

Globe Telecom Q3 core net income up 11% to P3.23B

Nov 03, 2017 - 5:57 PM

The Ayala-led telco’s core net income for the first 9 months of 2017, however, is down 5% to P11.2 billion

San Miguel awaits gov't OK for 3-year toll road network expansion

Nov 01, 2017 - 5:13 PM

SMC will expand and extend SLEX, the Skyway system, the NAIA Expressway, and the Southern Tagalog Arterial Road in a bid to decongest traditional chokepoints

MASSIVE EXPANSION. San Miguel's massive toll road expansion plan is seen to decongest chokepoints, like the Alabang viaduct, the Sucat and Bicutan interchanges, Magallanes, the C5 entrance and exit to SLEX, as well as the NAIAX entry to Skyway. Photos from Skyway official website and Wikipedia

Each Marawi hero's family to get P2-M livelihood aid

Oct 26, 2017 - 11:24 PM

San Miguel Corporation's Ramon Ang says this is the least the conglomerate can do for the 165 soldiers and policemen who died fighting terrorists in Marawi City

LIVELIHOOD ASSISTANCE. San Miguel COO Ramon Ang signs MOA to donate P330 million worth of livelihood assistance to the families of slain Marawi soldiers

Construction of MRT-LRT common station finally begins

Sep 29, 2017 - 4:19 PM

The station linking the MRT7, MRT3, and LRT1 lines is targeted for completion in two and half years, according to the Department of Transportation

DOTr Secretary Athur Tugade (6th-R) Executive Secretary Salvador Medialdea (7th-R) and PCCO Secretary Martin Andanar (5th-R) joint with Representatives From MRT-LRT and SM Mall and Trinoma Mall during the Groundbreaking Ceremony of the Common Station that will connect four lines (LRT1, MRT3,MRT7, and the Metro Manila Subway in North Triangle Transport Terminal, EDSA corner North Avenue, Quezon City on Friday, September 29,2017. Photo by DARREN LANGIT

San Miguel to build industrial estate in Cebu

Sep 07, 2017 - 7:27 PM

The industrial estate in Mandaue City will house a processed foods plant feed mill and port terminal

KEY INVESTMENT. 'This major development is an important part of San Miguel's current expansion in key regions nationwide,' SMC chief Ramon Ang says. Photo by Martin San Diego/Rappler

San Miguel completes new STAR Tollway bridge

Aug 30, 2017 - 6:15 PM

The new bridge replaces the 231 meter long bridge along the STAR Tollway which was damaged due to the onslaught of Typhoon Nina Nock ten last December

NEW BRIDGE. STAR Tollway has 6 interchanges and starts at the intersection of Maharlika Highway and the South Luzon Expressway in Sto. Tomas, Batangas; and runs south to Batangas City. It connects directly to the Diversion Road leading to the Batangas International Port. Photo from www.sanmiguel.com.ph

Top 10 companies 'Filipinos want to work for' in 2017

Aug 30, 2017 - 3:40 PM

Jobstreet asks 3 658 Filipinos which company they want to work for Here are the top 10

TOP EMPLOYER. In the latest Jobstreet.com survey, Meralco ranks best in job security, in work-life balance, and in benefits. Rappler graphic by Emil Mercado

Forex, telco assets drag San Miguel net income in 1st half of 2017

Aug 10, 2017 - 10:20 PM

The diversified conglomerate feels the impact of the Philippine peso depreciation and the absence of the one time gain from its telco assets sale

San Miguel unit eyes 500-MW hydro plant in Tarlac

Aug 02, 2017 - 4:13 PM

This comes after the Department of Energy gave Strategic Power Development Corporation the go signal for 3 other projects

ANOTHER VENTURE. This is one of San Miguel's power plants. Image of Ilijan Power Plant from http://www.sanmiguel.com.ph/

San Miguel's latest venture: BMW vehicles

Jul 18, 2017 - 5:30 PM

San Miguel Corporation sets up a new unit called SMC Asia Car Distributors Corporation marking its entry into the motoring business

MOTORING BUSINESS. The diversified conglomerate led by Ramon Ang says SMC Asia Car will be 65% owned by San Miguel, while the remaining will be owned by Jose Alvarez. Photo by Alecs Ongcal/Rappler

NEDA reviews San Miguel's proposed airport in Bulacan

Jul 17, 2017 - 12:35 AM

The NEDA chief however says it is not a priority because they will focus on projects that can be finished within President Rodrigo Duterte s term

BACK BURNER. However, NEDA chief Ernesto Pernia says his office will focus on projects that can be completed in 3-6 years' time. Presidential Photo

San Miguel to venture into electronics manufacturing, clean energy

Jul 12, 2017 - 8:35 PM

Ramon Ang says the next step is to produce microchips and other electronics as well as get involved in hydro solar and tidal energy sources

DIVERSIFY. Aside from clean energy, San Miguel is also studying plans to venture into electronics manufacturing, which deliver high margin for the conglomerate. Rappler file photo

San Miguel to buy stake in BMW supplier in PH

Jul 06, 2017 - 5:21 PM

Ramon Ang a known car enthusiast confirms the agreement is set to be finalized in July

NEW VENTURE. San Miguel confirms its officials were invited by Palawan Governor and businessman Jose Alvarez to acquire majority stake in Asian Carmakers. Rappler file photo

San Miguel group to comply with 20% minimum public float

Jun 15, 2017 - 5:10 PM

Tycoon Ramon Ang confirms San Miguel Corporation and its unit San Miguel Pure Foods will sell some shares for compliance

TO COMPLY. San Miguel's public float is currently at 15.27%, while San Miguel Pure Foods' free float is at 14.61%. File photo by AFP

San Miguel's P1-trillion petrochem facility to break ground by end-2017

Jun 13, 2017 - 7:10 PM

The planned oil refinery will mainly produce petrochemicals with a capacity of 250 000 barrels per day

BIGGEST. Ramon Ang, president of San Miguel Corp, expects to break ground its biggest single investment to date in 6 months' time. Photo by Martin San Diego/Rappler

San Miguel to propose $2-B Metro Manila spillway project

May 29, 2017 - 7:40 PM

In exchange Ramon Ang wants the government to give San Miguel the right to use waste materials from Laguna de Bay for power generation

FLOOD CONTROL. To be built at no cost to the government, Ang says he will push through with it if the government will give San Miguel the right to use the waste materials for its planned power generation capacity. Rappler file photo

San Miguel inks P554-B deal for toll road expansion

Apr 27, 2017 - 5:36 PM

The expanded road network will include the extension of the Metro Manila Skyway Stage 3 project and the Metro Manila Expressway

San Miguel wants former Skyway Stage 3 partner arrested

Apr 26, 2017 - 8:45 AM

The Ramon Ang led conglomerate alleges Wahono disbursed Citra Metro Manila Tollways Corporation funds without authorization and used them to form another company

LEGAL BATTLE. San Miguel chief Ramon Ang wants former business partner in Skyway Stage 3, Wahono, arrested. Photo by Martin San Diego/Rappler

#ThewRap: Things you need to know, April 20, 2017

Apr 20, 2017 - 11:30 AM

Hello Here are the stories you shouldn t miss this Thursday

PCC takes buyout battle with telcos to Supreme Court

Apr 19, 2017 - 3:55 PM

The Philippine Competition Commission wants to be allowed to review the transaction between San Miguel PLDT and Globe

GOES TO HIGH COURT. PCC Chairman Arsenio Balisacan (extreme left) announces the Office of the Solicitor General (OSG) filed on behalf of the PCC last Tuesday, April 18 a petition before SC to lift injunction on telco review. Photo by Chrisee Dela Paz/Rappler

San Miguel may battle with Asahi, Kirin over Vietnam brewer Sabeco

Apr 04, 2017 - 8:45 PM

The Philippines most diversified conglomerate will participate in the public bidding for the sale of an 89 59 stake in Sabeco which will be conducted by the Vietnamese government

TAPS THE KEG. San Miguel is not the only brewer that has set it sights on Sabeco. Nikkei Asian Review reports that Asahi and Kirin are also interested. Rappler file photo

SMC sets rate for P15B bond offering

Mar 20, 2017 - 8:00 PM

Proceeds will be used to settle the conglomerate s 300 million loan with the Bank of Tokyo Mitsubishi UFJ Limited maturing this November

LARGEST. In only 4 years, San Miguel Corporation's Global Power Holdings has become one of the largest independent power generation companies in the country, with an installed capacity of 2,545 megawatts. Rappler file photo

San Miguel grows net income by 80% despite depreciating peso

Mar 16, 2017 - 5:30 PM

2016 was a good year for San Miguel due to election related spending good weather conditions stable interest rate and low inflation rate

BUILDING MOMENTUM. 'We’re very encouraged by the company’s strong performance in 2016 and we are determined to build on this momentum by investing in our brands,' SMC chief Ramon Ang says. Photo by Martin San Diego/Rappler

Bataan community asks Gina Lopez to close SMC coal plant

Feb 15, 2017 - 10:25 PM

Residents complain of health problems including skin and respiratory diseases that are allegedly caused by San Miguel Corporation s power plant in Limay

SMC expands presence in Australian wine industry

Feb 06, 2017 - 2:31 PM

This is made possible by acquiring 100 shares in Australia s leading independent wine services supplier Portavin

BANKS ON THIRST. Australia's overall wine exports grew 7% to $2.2 billion in 2016 and expects momentum to continue this year, driven by China's increasing thirst for premium wines. Rappler file photo

Return coco levy to farmers? Duterte's promise and political will

Jan 23, 2017 - 4:30 PM

PART 3: Will the coconut farmers among the country s poorest of the poor finally claim what is rightfully theirs as promised by the President?

CAMPAIGN PROMISE. Then presidential candidate Rodrigo Duterte signs a manifesto promising coconut farmers they will benefit from the coco levy funds within his first 100 days in office. File photo by Pia Ranada/Rappler

Be it Sangley or Bulacan, San Miguel keen on new airport dev't

Jan 23, 2017 - 1:00 PM

At the end of the day we will join all of the auctions for projects of the government says San Miguel Corporation president Ramon Ang

GOVERNMENT AUCTION.'At the end of the day, we will join all of the auction for projects of the government,' SMC chief Ramon Ang says. Photo by Martin San Diego/Rappler

The politics of the coco levy scam: From Marcos to Noynoy Aquino

Jan 22, 2017 - 11:00 AM

PART 2: More than the long arduous fights in court for the coconut levy funds the main battleground is in Malacañang and Congress where politics comes into play

POLITICS. The long battle for the coco levy funds is not limited to courts, with politics getting in the way of coconut farmers and their beneficiaries.

San Miguel to spend $300M for brewery expansion in CDO, Laguna

Jan 18, 2017 - 8:00 PM

The new Cagayan de Oro plant will initially produce about one and a half million hectoliters annually says tycoon Ramon Ang

NEW PLANT. 'We will ground break soon,' SMC's Ramon Ang says about its new bottling and brewery plant in Cagayan de Oro City. Photo by Martin San Diego/Rappler

San Miguel pours P281B in expansion projects

Jan 13, 2017 - 4:00 PM

The country s most diversified conglomerate says its toll roads unit accounts for bulk of the pie amounting to P119 billion

BIG BUDGET. Such amount is part of the company's P543 billion capital spending budget for its big-ticket projects. Rappler file photo

Alliance Global allots P1.2B for drug rehab centers

Dec 21, 2016 - 7:25 PM

The rehabilitation center to be built in Taguig City will accommodate around 500 drug reformists according to Alliance Global

SOCIAL RESPONSIBILITY. Alliance Global, through one of its foundations, will finance the construction and the design of the facility, which will soon rise on a 6,582 square meteres of land inside Camp Bagong Diwa in Taguig City. Rappler file photo

MVP open to partnering with Sy or Ang for new Manila airport

Nov 28, 2016 - 12:40 AM

One thing is sure – the Philippines needs a new airport to ease congestion at the NAIA

UPGRADED. The NAIA Terminal 1's improved check-in lobby. Photo from Department of Transportation

IATA to PH gov't: Act on airport proposals now

Nov 16, 2016 - 5:30 PM

They ve looked at so many proposals I think it is time to do something Let us make sure it a new international airport is just big enough says a regional director for the International Air Transport Association

UNSOLICITED PROPOSALS. The new transportation chief is open to unsolicited proposals to build a new international gateway. Photo by Ted Aljibe/AFP

San Miguel to raise as much as P60B from new bonds

Nov 10, 2016 - 7:05 PM

The diversified conglomerate also posts an increase of over 100 in its net income for the first 9 months of 2016 fueled by the double digit income growth of its core businesses

2ND SHELF OFFERING. This P60-billion new bonds will be the second shelf registration program of SMC to be filed before SEC. Rappler file photo

Joint Senate panel approves coco levy bill for coconut farmers

Nov 10, 2016 - 12:58 PM

The bill seeks to create a P75 billion trust fund for coconut farmers and the industry and to provide the framework for its management and use

COCO LEVY BILL. A Senate joint panel approves the committee report on the coco levy bill for coconut farmers.

CA stops PCC review of San Miguel telco buyout deal

Aug 30, 2016 - 5:53 PM

UPDATED The Court of Appeals also orders PLDT to post a P1 million cash bond to answer for whatever damages the respondent PCC will suffer should this court decide that PLDT is not entitled to the relief

KEY PLAYERS. (from left) PLDT head Manuel V. Pangilinan, Philippine Competition Commission Chairman Arsenio Balisacan, and Globe chief Ernest Cu are at an impasse over the San Miguel telco buyout. File photos