SMC to spend $750M for 3 cement plants
By Paolo G. MontecilloSan Miguel Corp. plans to spend $750 million to build three new cement plants to boost production in the country and support growth of the infrastructure sector.
San Miguel Corp. plans to spend $750 million to build three new cement plants to boost production in the country and support growth of the infrastructure sector.
Infrastructure holding firm Metro Pacific Investments will join the closely tracked MSCI Philippines index, replacing conglomerate San Miguel Corp., effective May 31 this year.
Malaysian banking giant CIMB’s bid to acquire Bank of Commerce has hit a snag and seller San Miguel Corp. is willing to walk away from the P12.2-billion deal if this is not resolved soon.
San Miguel Corp. is willing to pare down its interest in all core businesses such as food and power generation but keep a 51-percent simple majority control in each.
The net profit of San Miguel Corp. in the first quarter reached P4.2 billion, 50 percent lower that of a year ago as equity contributions from its beer brewery, hard liquor, oil refinery and airlines businesses declined.
San Miguel Corp. (SMC) has been issued the award notice by the Department of Public Works and Highways (DPWH), recognizing the conglomerate as the winner for the right to build and operate the 7.15-kilometer Naia Expressway Phase II project.
San Miguel Corp. and its Cambodian partner are planning a $1.5-billion maiden fleeting program for their newly created Cambodian Airlines.
Conglomerate San Miguel Corp. and its Cambodian partner are planning a $1.5-billion maiden fleeting program for their newly created Cambodian Airlines for the next two years.
The group of PLDT chair Manuel V. Pangilinan continues to be unsuccessful in expanding its growing media empire abroad, but given recent developments, MVP’s camp may soon have its very own “Financial Times.”
There seems to be no stopping the move to merge the Philippine Dealing System Holdings Corp. (PDS) with the Philippine Stock Exchange, with the latter as the surviving entity—a move that will create a unified bourse and allow fund managers, bankers and even retail investors to trade both stocks and bonds.
Conglomerate San Miguel Corp. is selling 10-year bonds at an initial price guidance of 5.125 percent a year as part of its newly established $2-billion Euro Medium Term Note (EMTN) program.
Conglomerate San Miguel Corp. (SMC) has bested rival Metro Pacific Investments Corp. over a new 7.15-kilometer expressway project that will connect Metro Manila’s main airport terminals to the Entertainment City casino complex with an “aggressive” bid.
