San Miguel said it did not receive dividends on the Meralco shares during the 17-year period because ownership had not yet been transferred. It estimates that dividends that would have accrued over that period reached about P13 billion. After factoring in the cost of money over the same period, it placed the present value of those forgone dividends at about P21 billion.
For years, the Philippines has relied on workers going abroad and jobs sent here from overseas. Tycoon Ramon Ang is betting the next wave of growth will come from foreign tourists arriving instead.
Tycoon Ramon Ang argues that private companies should step up and take on more of the work, freeing public funds for other purposes like schools, healthcare and housing, creating more jobs in the process.
Tycoon Ramon S. Ang-led San Miguel Corp.’s repeated trips to the stock market have earned it a new nickname from Philippine Stock Exchange president Ramon Monzon.
San Miguel Corp. said P1.43 trillion, or about 95 percent of the P1.5 trillion it generated in revenue last year, flowed back into the Philippine economy, according to its latest Sustainability Report.
San Miguel Corp. is bringing its river rehabilitation program to Cebu, extending a flood-control effort that has restored some of the country’s most heavily silted waterways as communities face growing flood risks.
Conglomerates San Miguel Corp. and Metro Pacific Investments Corp. are moving closer to combining their toll road businesses, a deal that would create a network carrying nearly 1.8 million vehicles a day across hundreds of kilometers of expressways in Luzon and Cebu.
The Ninoy Aquino International Airport’s (NAIA) busiest terminal is getting another wave of restaurants as operator New NAIA Infra Corp. doubles down on a strategy of converting underused airport space into amenities for travelers.