Tag: San Miguel

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BankCom expands branches, tech to tap SMC ecosystem

Banking & Insurance Context.ph Context.ph -
Bank of Commerce (BankCom) is widening its physical and digital footprint as it seeks to turn its role as San Miguel Corp.’s (SMC) operational bank into a broader growth engine.

San Miguel backs MSMEs through ASEAN partnership

Trade & Investments Context.ph Context.ph -
San Miguel Corp. is strengthening support for micro, small, and medium enterprises through a partnership with the ASEAN Business Advisory Council Philippines aimed at expanding business linkages, supply-chain opportunities, and access to regional markets.

Gabby Lopez sells Lopez Inc. stake to Ramon Ang

Corporate Context.ph Context.ph -
Eugenio “Gabby” Lopez III on Monday said his family branch sold its 25.7-percent stake in Lopez, Inc. to businessman Ramon S. Ang, reshaping the ownership of one of the Philippines’ best-known family business groups while potentially drawing a line under a long-running family dispute.

San Miguel targets P30-billion preferred share sale

Corporate Context.ph Context.ph -
San Miguel Corp. seeks to raise up to P30 billion through a new preferred share offering as the conglomerate moves to refinance debt and support its ambitious infrastructure expansion program.

BankCom posts strong 13% profit growth

Banking & Insurance Context.ph Context.ph -
Bank of Commerce (BankCom), the banking affiliate of diversified San Miguel Corp., sustained its earnings momentum through the first quarter, reporting an unaudited net income of P976.19 million, up 13 percent from P866.79 million a year earlier. 
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GMA Network principal shareholders approve merger

Corporate 0
GMA Network Inc.’s principal shareholders, Television International Corporation (TIC) and M.A. Jimenez Enterprises Inc. (MAJEI), have approved a merger that will consolidate the two entities into a single corporation, with TIC as the surviving company.

Vingroup eyes Batangas for $500M EV plant, export hub

Mobility 0
Vietnamese conglomerate Vingroup is considering Batangas for its planned USD500-million electric vehicle (EV) manufacturing complex, with the facility expected to serve export markets as well as domestic demand, according to a source familiar with the investment discussions.

SM Hotels expands Halloween offerings across 9 properties

Travel & Tourism 0
SM Hotels and Conventions Corp. (SMHCC) is rolling out Halloween-themed dining and entertainment activities across nine hotel properties nationwide from Oct. 24 to 31, seeking to draw families and leisure guests beyond the traditional market for overnight stays.

DTI secures price freeze on 204 basic goods until yearend

Economy 0
The Department of Trade and Industry (DTI) has secured commitments from manufacturers to keep prices of 204 basic necessities and prime commodities unchanged through Dec. 31, 2026, as elevated fuel costs continue to threaten household budgets.

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