MANILA, Philippines -Conglomerate San Miguel Corp. signed a joint venture agreement with the Batangas provincial government to build a P45-billion expressway that will cut travel time from Metro Manila to locations within the province. In a statement, SMC said the Batangas government granted its infrastructure arm, SMC Infrastructure, a 35-year concession to design, build, operate,…
San Miguel Corp.’s (SMC) P740-billion airport and mixed use development being built in Bulacan will incorporate sustainable and environmentally friendly features that will address the shortcomings of current urban centers, including a proposal to integrate a “bicycle highway” with a train system. Thus said company president Ramon Ang, who on Tuesday said the country’s largest…
Petron Corp. made a turnaround in the first half of the year, bouncing back with a P3.87-billion consolidated net income after hitting a P14.24-billion net loss in the same period last year, as oil prices picked up and market optimism returned amid the rollout of vaccines against COVID-19. “Though we continue to face some challenges,…
San Miguel Corp., through its packaging unit, has developed a packaging solution that will extend the life of carabao’s milk without preservatives, which is seen to improve the product’s marketability and potentially jumpstarting the growth of the carabao industry. SMC president and chief operating officer Ramon S. Ang made the announcement months after the company…