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SMC: P20-B Calax bid superior; but will respect Aquino decision

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Cavite-Laguna Expressway Route Map   PHOTO from www.dpwh.gov.ph

San Miguel Corp. maintained Thursday that it should be declared the winning bidder of the P35.4-billion Cavite-Laguna Expressway (CALAx) by virtue of having submitted the highest bid for the keys toll road project under the government’s public private partnership program.

Posted: October 23rd, 2014 in Latest Business Stories | Read More »

Lucio Tan offers to buy out PAL minority shareholders

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Lucio Tan FILE PHOTO

The group of businessman Lucio Tan is offering to buy out minority shareholders of flag carrier Philippine Airlines (PAL) and its listed holding firm, PAL Holdings Inc., in a voluntary tender offer transaction, a company official said on Friday.

Posted: October 17th, 2014 in Latest Business Stories | Read More »

SMC lost money on PAL investment

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San Miguel Corp. did not make a profit on its investment in Philippine Airlines despite having turned around the moribund flag carrier during the two years when the diversified conglomerate was running the firm, SMC president Ramon S. Ang (inset) said on Monday.  INQUIRER FILE PHOTOS / LEO M. SABANGAN II

San Miguel Corp. did not make a profit on its investment in Philippine Airlines (PAL) despite having turned around the moribund flag carrier during the two years when the diversified conglomerate was running the firm.     In fact, SMC president Ramon S. Ang said yesterday that the conglomerate—the country’s largest business group in terms […]

Posted: September 23rd, 2014 in Editor's Pick,Featured Gallery,Headlines,Photos & Videos | Read More »

Biz Buzz: Stubborn banks defy BSP

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In any industry, the word of the government regulator is the law. And when the law is laid down, industry players usually fall over themselves in a rush to comply with the new mandate.

Posted: May 19th, 2014 in Columnists,Inquirer Columns | Read More »

Cost-recovery provisions for affected gencos urged

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AFP FILE PHOTO

Amid proposed additional price controls at the Wholesale Electricity Spot Market (WESM) by state regulators, SMC Global Power Holdings Corp. is pressing for cost-recovery provisions for generation companies (gencos) whose operations will be affected by the scheme.

Posted: April 24th, 2014 in Latest Business Stories | Read More »

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