Tuesday, 16 December 2025, 7:11 am

    Tag: San Miguel

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    San Miguel seeks bondholder consent for waivers of negative covenant

    San Miguel Corp., one of the largest conglomerates in the Philippines, is seeking the consent of bondholders for proposed amendments to several outstanding fixed-rate Philippine Peso bonds.

    Bank of Commerce appoints veteran banker Abacan to board

    Bank of Commerce, the country’s 15th largest lender and a member of the San Miguel Group, said its board has elected Antonio Abacan Jr. as an independent director to serve the unfinished term of  Rebecca Maria Ynares, who has resigned.

    San Miguel completes Meralco deal with Landbank after 17 years

    San Miguel Corp. (SMC), one of the Philippines’ largest conglomerates, announced that its power unit, San Miguel Global Power Holdings Corp., has finally acquired a long-contested 3.9 percent stake in Manila Electric Co. (Meralco), nearly two decades after first attempting the deal.

    BankCom hikes dividend after record 2024 profit

    Bank of Commerce (BankCom), an affiliate of San Miguel Corp., has approved a 79 percent increase in cash dividends for common shareholders, totaling P631.4 million, following its record P3-billion profit in 2024.

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    First Balfour collects 6 tons of plastic waste for recycling

    First Balfour, Inc., the construction and engineering arm of the Lopez Group, has collected more than six tons of reusable plastic waste for recycling through its partnership with The Plastic Flamingo Philippines (PLAF).

    Metro Manila water rates to rise next year

    Metro Manila water rates will increase starting next year, the Metropolitan Waterworks and Sewerage System–Regulatory Office (MWSS-RO) said on Monday. The adjustments are meant to reflect changes in taxes and environmental charges.

    Fuel prices mixed this week

    The various fuel retailers will raise gasoline prices by P0.20 per liter starting Tuesday morning, while prices of diesel and kerosene will be cut by P0.20 per liter.

    ICTSI expansion to boost Rio port capacity by over 70% 

    International Container Terminal Services Inc. (ICTSI) will invest R$948 million to expand and modernize the Rio Brasil Terminal at the Port of Rio de Janeiro from 2025 to 2029.

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