SMC subsidiary earmarked $3 M for redevelopment of Boracay Airport
Trans Aire Development Holdings Corporation is earmarking $300 million for its plan to redevelop the Boracay Airport. A subsidiary of San Miguel Corporation, Trans Aire will develop Boracay Airport to bring it up to par with international standards. San Miguel president Ramon Ang said the redevelopment of the airport includes a 5,000 room budget hotel [...]
June 27, 2011
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Tags: Boracay, Boracay Airport, business news, Philippines, San Miguel, SMC, tourism, Trans Aire · Posted in: Business News, Corporations, economy, Employment, finance, investments, Job Opportunities, money, Opportunities, Philippine business news, Philippines, Tourism, Travel
San Miguel acquires majority interest in MRT-7 project
The San Miguel Corp. (SMC) continues to diversify as it looks for investments in other industries, such as infrastructures and renewable energy, among others. The latest in its investment is the Metro Rail Transit Phase 7 (MRT-7), where SMC has acquired a majority stake. SMC signed a memorandum of understanding (MOU) with the controlling owner [...]
April 5, 2010
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Tags: business news, commuters, conglomerate, economy, metro rail transit, MRT 7, Philippines, San Miguel, SMC, transporation · Posted in: Announcement, Corporations, Customer Service, economy, entrepreneur, investments, Philippine business news, Philippines
SMC sells assets to fund diversifications
The food and beverage giant San Miguel Corp. is looking to sell a minority stake in its food, hard liquor, international beer and packaging units. SMC plans to sell its assets in its effort to raise $600 million, the proceeds of which will be used to its new ventures which are outside its traditional businesses. [...]
September 19, 2009
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Tags: asset sale, business news, diversification, Ginebra, GSIS, Philippine, Pure Foods, SMC · Posted in: Corporations, investments, Philippine business news
San Miguel Corp. investing in an expressway project
The San Miguel Corp., the country’s biggest food and beverage conglomerate is looking to diversify as it looks into taking part in a road construction project. SMC has signed a non-binding deal with PIDC (Private Infrastructure Development Corp.) to acquire a significant stake in the P15.36-billion Tarlac-Pangasinan-La Union Toll Expressway project. San Miguel president Ramon [...]
July 20, 2009
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Tags: DPWH, infrastructure, investments, North Luzon, PIDC, road construction, San Miguel, SMC · Posted in: Uncategorized
