San Miguel Corp. (SMC) is taking over the Ninoy Aquino International Airport (Naia) operations on Sept. 18 this year, advancing billionaire Ramon Ang’s legacy-building agenda.
“The next few years will be about investing and getting things done,” Ang, the president and CEO of SMC, said in his message to stockholders during the company’s annual meeting on Tuesday.
The diversified conglomerate earlier bagged the P170 billion contract to operate and modernize Naia, which is suffering from worsening congestion.
SMC is also building the P740 billion New Manila International Airport in Bulacan province. The development at the Bulacan airport site is “progressing well,” Ang said on Tuesday.
In the railways sector, SMC is building the Metro Rail Transit Line 7, which will link Quezon City and Bulacan province.
The project is set for partial operations by end-2025 and will be fully operational by 2027.
“We will build on our success by creating value through nation-building projects, maximizing synergies, and integrating sustainability across our businesses,” he added.
During the meeting, Ang highlighted some of the company’s sustainability targets, including their goal to achieve net zero emissions by 2050.
“We are also addressing key social issues such as poverty, energy, and food security, and the infrastructure gap, among others, to lead Filipinos and drive sustainable economic growth,” he said.
Miguel R. Camus has been a reporter covering various domestic business topics since 2009.
