BIZ BUZZ: SMC vows more help in flood-control efforts
After removing over 2 million tons of solid waste and silt from the Pasig, Tullahan and San Juan rivers, all three waterways are flowing more freely again thanks to the P3-billion cleanup drive of San Miguel Corp (SMC). Now, the country’s largest conglomerate by revenues and assets wants to help solve the perennial flooding issue in Central Luzon, several areas of which were swamped in recent weeks due to incessant rains. San Miguel president and CEO Ramon Ang made this commitment to Environment and Natural Resources Secretary Maria Antonia Yulo-Loyzaga in a recent meeting, where he detailed the progress that the firm has made in its river restoration efforts. San Miguel has offered to undertake these efforts for free because it has a big stake in the area in general, and Bulacan in particular, namely the MRT 7 project, the Bulacan Bulk Water Supply facility and the P740-billion New Manila International Airport. With the conglomerate’s technical expertise and financial muscle, hopefully the floods of the last three weeks will be the last the area will experience for a long time.