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21pm Diversified conglomerate San Miguel Corporation grew its net income by nearly half in 2013 on the sale of its Manila Electric Co. stake which offset foreign exchange losses. In an e-mailed statement Thursday, San Miguel said it recorded a 42-
Ramon Ang confirmed a Nikkei report that the company was set to present its plan for an alternative international airport in Manila next month...The group, which also owns a portion of flag carrier Philippine Airlines, announced last year its
Philippines Kevin Jones plays his second game in the PBA Wednesday as he tries to lead San Miguel Beer back on the winning track against a formidable foe in Rain or Shine in the Commissioner's Cup eliminations at Smart Araneta Coliseum. Jones, the
Kirin Holdings Co. said it is interested in raising its stake in San Miguel Brewery Inc. Kirin, which holds about 48 percent of the Philippine beermaker, would weigh boosting its stake in the brewer if offered, President Senji Miyake said at a news
These were valued at P72 billion. JG Summit in December also raised P8.8 billion from a share sale to fund the acquisition, raising the firm's public float to 34 percent.
Philippine Stock Exchange (PSE) yesterday said. Both San Miguel Corp. and LT Group, Inc. will now be considered holding firms instead of industries under the food, beverage and tobacco sub-sector. San Miguel, formerly focused on beverages and
19pm The Philippine flagship infrastructure program, the public-private partnership initiative, is starting to pick up pace as San Miguel Corp. breaks ground for the P26.5 billion tollroad linking North Luzon Expressway to South Luzon Expressway.
Before that in July the conglomerate sold more than 64.33 million Meralco shares for P17.4 billion. During the first nine months of 2013, San Miguel booked foreign exchange losses valued at P12.3 billion. As a result, net income in January to
San Miguel, on the other hand, owned 49 percent of Top Frontier's outstanding capital. On Jan. 2, San Miguel distributed to its shareholders dividends of 240.2 million common shares in Top Frontier, with its holdings in the investment firm falling
Consumption of suds is growing fast, and for-sale assets are hard to find. The coming year may see new owners for Philippine brewer San Miguel and South Korea's Oriental Brewery. The real prize may be in China, the world's biggest beer market by far.