San Miguel Corp. - updates

Rappler's latest stories on San Miguel Corp.


Groups of Ramon Ang, MVP set sights on MRT3 upgrade

Jun 05, 2017 - 7:40 AM

It was in 1999 when MRT3 was opened to decongest EDSA Now EDSA remains congested

Globe wish list for Duterte: Submarine cables, less red tape

Jun 08, 2016 - 6:20 PM

Globe Telecom president and CEO Ernest Cu cites extreme difficulty in getting permits noting that they had to cut their target for cell site deployment

CROSSED WIRES. Globe Telecom President and CEO Ernest Cu says telcos still grapple with numerous bureaucratic red tape. Screenshot from Rappler video

ITS-Southwest pre-bid requirements deadline moved to Sept 29

Sep 12, 2014 - 5:20 PM

Changes in the concession terms of the ITS Southwest Terminal project have prompted the government to move the deadline

INTEGRATED. The country's biggest conglomerates are likely to participate in a project integrating Metro Manila transportation. Photo by Rolex Dela Pena/EPA

Metro Pacific to ‘slow down’ on PPP projects

Jun 12, 2014 - 6:45 PM

Sure to get the LRT Cavite extension project and hopeful to bag the Cavite Laguna expressway project the listed company might have to pause and digest those two projects

SLOWING DOWN. Metro Pacific Investment Corp. would focus instead on big-ticket projects like the LRT-1 Cavite extension project. Photo from the PPP Center

DOTC to postpone bidding for P2.5-B bus terminal

Jun 01, 2014 - 8:21 PM

The agency earlier revised the terms of the agreement for the public private partnership project

INTEGRATED. The country's biggest conglomerates are likely to participate in a project integrating Metro Manila transportation. Photo by Rolex Dela Pena/EPA

DOTC: Gov't not keen on unsolicited proposals

Apr 04, 2014 - 5:30 PM

Transportation Secretary Joseph Emilio Abaya says the Aquino administration prefers solicited proposals for government projects

SMC, Ayala, MPIC eye P2.5B terminal project

Feb 06, 2014 - 5:46 PM

The project deals with the creation of a Southwest terminal connecting passengers coming from Cavite to other transport systems in Metro Manila

San Miguel group yet to take over Aleco

Jan 13, 2014 - 7:54 AM

Unit SMC Global Power was supposed to take over management of Aleco but a group of consumers prevented it from happening

TPLEx users to pay toll fees starting Jan 18

Jan 03, 2014 - 9:52 PM

Motorists can file a petition for review within 90 days from publication of the implementation notice

SHORTER TRAVEL TIME. TPLex cuts travel time to northern Luzon. Photo by Carmela Fonbuena

TPLEx partially opens on Oct. 30

Oct 25, 2013 - 6:34 PM

This partial opening of the Tarlac Pangasinan La Union Expressway will cut current travel time to Baguio City by 40 minutes

SOFT OPENING. The partial opening of the Tarlac-Pangasinan-La Union Expressway will cut travel time to Baguio City by 40 minutes. Map from DPWH site

Ayala takes second look at LRT-1 Cavite project

Oct 23, 2013 - 5:13 PM

The Ayala group wants to revive its rail partnership with Metro Pacific but will make a final decision on the LRT 1 Cavite project once it sees the final bid terms

ONE MORE TIME. The Ayala group may join the next bidding for the LRT-1 Cavite extension if the terms are right. Photo courtesy of the PPP Center

Ang consolidates San Miguel shares

Oct 01, 2013 - 6:53 PM

Ang s shares in San Miguel are now held by his private company Privado Holdings

LRT-1 Cavite extension bidding 'a failure'

Aug 29, 2013 - 12:55 PM

The transportation department will rebid the rail project in the 4th quarter

A FAILURE. The government says bidding for LRT-1 Cavite extension failed. The project will be bid out again in the next quarter. Photo courtesy of the PPP Center

LRT-1 Cavite extension bidding failed?

Aug 16, 2013 - 9:05 AM

DOTC Usec Jose Lotilla says the lone bidder the Pangilinan led Light Rail Manila Consortium submitted an unacceptable proposal

MVP, SMC, Ayala groups eye CALA expressway

Jul 30, 2013 - 3:12 PM

Eleven companies led by the country s biggest conglomerates signify interest to bid for the P35 4 billion expressway project that will link the provinces of Cavite and Laguna

COMING SOON. 11 companies are interested in bidding for the project that will decongest traffic along Cavite and Laguna roads. Photo from the PPP Center

Why investor perception counts in San Miguel

Jul 22, 2013 - 8:00 AM

San Miguel s major concern should be its long term chart which not only shapes investor perceptions but can set up triggers for irrational crowd behavior when you least want it

Tan leaving PAL, blames workers

Jul 20, 2013 - 11:09 PM

The PAL Employees Association Palea however welcomes the tycoon s impending departure suggesting that the flag carrier is better off without him

LUCIO TAN. The tycoon is selling his  stake in the Philippine Airlines (PAL) to local and foreign investors. File photo by AFP

Why San Miguel shares tanked

Jul 17, 2013 - 10:43 PM

San Miguel president Ramon Ang blasts a report hinting the country s biggest business group is on the verge of defaulting on its debts

FINANCIALLY HEALTHY. San Miguel Corp. president Ramon Ang denies it is financially troubled. File photo by AFP

PAL Holdings ends 1st year under SMC with P4-B losses

Jul 16, 2013 - 7:00 AM

One year after conglomerate San Miguel Corp acquired controlling stake in Philippine Airlines the legacy carrier posts lower losses

LESS LOSSES. Philippine Airlines trims losses under San Miguel management. Photo by AFP

BIR: Cojuangco may claim tax deductions

Jul 12, 2013 - 6:16 AM

Businessman Eduardo Danding Cojuangco may be entitled to income tax deductions in relation to the UCPB shares he lost following a final Supreme Court ruling awarding said shares to government

San Miguel chairman Eduardo Cojuangco Jr. (R) and president Ramon Ang at the diversified conglomerate's annual stockholders' meeting in 2013. Photo courtesy of San Miguel

San Miguel eyeing majority stake in Cojuangco's cement firm

Jul 11, 2013 - 9:57 PM

San Miguel is looking to raise its stake in Northern Cement Corp to majority as part of its diversification program

Emirates: We're not in talks with PAL

Jul 09, 2013 - 8:54 AM

Dubai headquartered legacy carrier Emirates which has a code sharing agreement with Philippine Airlines denies it is in talks with PAL for any form of strategic investment

NOT INTERESTED. Dubai-based Emirates says it is not keen on investing in Philippine Ailrines (PAL). Photo courtesy of Emirates

San Miguel, ANA in talks over PAL

Jul 08, 2013 - 3:56 PM

San Miguel confirms that it is in discussion with All Nippon Airways to be a potential strategic partner with Philippine Airlines


LT Group: PAL 'not strategic'

Jun 19, 2013 - 1:42 PM

PAL is not strategic to the firm s long term plan says Michael Tan son of tycoon Lucio

NOT STRATEGIC. Tan group foregoes consolidation of airline business to LT Group due to lack of synergy with their other businesses. AFP Photo

BOI okays incentives for San Miguel coal plants

Jun 17, 2013 - 5:47 PM

The coal power plants worth P51 B are located in Davao del Sur and Bataan

San Miguel keen on Laguindingan airport PPP

Jun 13, 2013 - 10:49 AM

If the government offers it we will join says San Miguel president and COO Ramon Ang

NEW GATEWAY. Newly built Laguindingan airport replaces the old airport in Cagayan de Oro as northern Mindanao's main gateway. Photo by Giano Ligot

TPLEx may extend up to Laoag — Cojuangco

Jun 12, 2013 - 12:29 PM

San Miguel Corp s Tarlac Pangasinan La Union Expressway TPLEx infrastructure project may extend up to Laoag in Ilocos Norte

FOCUS ON INFRASTRUCTURE. Infrastructure plays a big role in being a revenue provider for SMC. Photo courtesy of San Mguel

San Miguel says Bank of Commerce stake sale 'done'

Jun 11, 2013 - 5:38 PM

San Miguel president Ramon Ang says the transaction may be closed within 30 days

San Miguel prefers 'profitable, famous' partners in PAL

Jun 11, 2013 - 5:06 PM

PAL s Ramon Ang said he is looking for a strategic partnership if tycoon Lucio Tan decides to sell his 51 majority

STRATEGIC PARTNERSHIP. PAL's Ramon Ang said he is looking for a strategic partner to buy Tan's 51% majority stake. Photo by Aya Lowe/Rappler

Cojuangco praises Ang for San Miguel's success

Jun 11, 2013 - 2:53 PM

San Miguel chairman Eduardo Danding Cojuangco Jr says the company is where it is today because of Ramon Ang s hard work

ALL PRAISES. San Miguel chairman Eduardo Cojuangco Jr. says much of the company's success was due to company president Ramon Ang's hard work. Photo courtesy of San Miguel

False alarm: San Miguel not buying out Lucio Tan in PAL

Jun 10, 2013 - 1:21 PM

It is not true that San Miguel Corp is buying out tycoon Lucio Tan s group in legacy carrier Philippine Airlines PAL

OWNERSHIP. If there is a buyer of Lucio Tan's stake in Philippine Airlines (PAL), San Miguel says it is not them. Photo from PAL

San Miguel selling Meralco stake to fund oil, gas ventures

Jun 06, 2013 - 7:39 PM

The group s stake in Meralco is worth P142 5 B according to Bloomberg calculations

San Miguel president Ramon Ang listens during a press conference in Manila on August 28, 2012. AFP PHOTO/TED ALJIBE

PAL to pay $10-M for 49% stake in Cambodia Air

May 27, 2013 - 10:19 PM

Cambodia Airlines is PAL s first international carrier venture

Profile photos via San Miguel Corporation and Royal Group Cambodia's website.

San Miguel Corp Q1 profits drop 51%

May 13, 2013 - 5:36 PM

The country s biggest business group cites the higher sin tax rates the low oil prices higher interest expences and the lack of one off foreign exchange gains for the plunge

SMC sees 34% drop in net income. Photo by Aya Lowe/Rappler

San Miguel power arm revives $700-M IPO plans

May 09, 2013 - 8:33 PM

San Miguel Corp is reviving plans to raise US 700 million through an initial public offering IPO of its power generation subsidiary this 2013

San Miguel to appeal MRT-LRT project disqualification

May 09, 2013 - 6:28 PM

San Miguel Corp to file an appeal after being disqualified from bidding for the Automated Fare Collection System project for the MRT and LRT

APPEAL. Ramon Ang said he will appeal DOTC's decision to disqualify SMC from bidding for the PPP project. Photo by AFP

PAL, Cambodian partner to spend $1.5-B for new planes

May 09, 2013 - 4:15 PM

PAL and Cambodia Airlines to invest 1 5 billion in new aircraft

CAMBODIA BOUND. SMC's head Ramon Ang said $1.5b will be spent on aircraft for new Cambodia Airlines. Photo by Aya Lowe/Rappler

MVP v SMC: Who will win NAIA Expressway?

Apr 15, 2013 - 2:41 AM

It s a battle between Pangilinan s MPIC and Ang s San Miguel

BIDS. The Pangilinan and San Miguel groups submit offers for the NAIA Expressway project, the first PPP auctioned off by government in 2013. Photo courtesy of PPP Center

Competition among PH airlines heats up

Apr 05, 2013 - 12:13 PM

The long haul market is set to heat up as local airlines look toward long haul destinations

NEW COMPETITION. Competition to international markets are heating up as airlines target long haul routes. Photo by AFP

Ramon Ang a great manager - Ongpin

Apr 04, 2013 - 4:31 PM

Roberto V Ongpin remains a passive investor in San Miguel Corp

ALPHALAND'S AGGRESSIVE EXPANSION. The high end property developer is launching a series high end developments. Photo by Rappler/AYA LOWE

San Miguel 2012 profits up 35% to P38.6-B

Mar 21, 2013 - 3:33 PM

The country s biggest business group earned P38 6 billion and revenues reached P689 9 billion in 2012

PAL back in black by 2014? Ang says so

Mar 07, 2013 - 4:07 AM

Philippine Airlines PAL cites its re fleeting program and the lifting of a ban for flights to Europe and US as reasons

RETURN TO PROFITABILITY. PAL is confident of growth due to its re-fleeting program. AFP Photo

San Miguel to invest $25-B for oil, natural gas

Mar 06, 2013 - 8:10 PM

San Miguel Corp s Ramon Ang says it could divest its interests in SMC Global Holdings Power Corp to raise funds for an oil and gas investment

NEW VENTURES. Ramon Ang says San Miguel is looking into diversifying into the oil and gas sector. Photo by AFP

San Miguel unit buyback offer way lower than market price

Mar 04, 2013 - 6:13 PM

San Miguel Properties offers to buy out minority shareholders for P134 12 per share The company last closed at P700 in the market

AFP Photo

San Miguel Brewery sets tender offer price

Feb 20, 2013 - 11:21 AM

San Miguel Brewery which is set to delist from the Philippine Stock Exchange PSE set its tender offer price at a discount

AFP Photo

San Miguel Brewery to delist

Feb 18, 2013 - 8:45 AM

The country s biggest brewer and the local unit of Japan s Kirin is delisting from the Philippine Stock Exchange

AFP Photo

San Miguel, Lopez holding firm pare down debt

Feb 08, 2013 - 4:06 PM

Two of the country s biggest business groups announce moves to reduce their debts and take advantage of favorable market conditions

PAL to launch new destinations in MidEast, Asia

Feb 04, 2013 - 5:21 PM

PAL to launch six new international destinations in 2013

NEW DESTINATIONS. Legacy carrier PAL seeks to add 6 more international destinations to its route portfolio. Photo courtesy of PAL

Stop sin tax law, companies ask court

Jan 09, 2013 - 6:56 PM

The Distilled Spirits Association of the Philippines DSAP is asking the Manila Regional Trial Court to stop the implementation of a law that raises the prices of cigarettes and alcohol

San Miguel to join bid for Mactan-Cebu airport project

Jan 09, 2013 - 5:59 PM

San Miguel Corp country s largest business group reiterated that it will participate in the auction of the Mactan Cebu International Airport project debunking reports it was disqualified since it already operates an airline

FOR BIDDING. The country's second biggest airport is up for expansion, rehabilitation. Photo by Mactan International Airport Authority