San Miguel Holdings Corporation (SMHC), and state-run Philippine National Construction Corp. (PNCC), partner up for the expansion of toll roads in the country.
The issue stems from the alleged unauthorized use funds of Citra Metro Manila Tollways Corporation to incorporate another company.
The corporation behind the construction of the MRT Line 7 plans to provide jobs to former drug users who were rehabilitated under Quezon City's anti-illegal drugs program.
With a growing infrastructure portfolio, San Miguel Corporation President and Chief Operating Officer Ramon Ang says SMC is "very conscious about the things we do for our country."
San Miguel Corporation expects yet another stellar performance this year.
The diversified conglomerate's net income breached the ₱52 billion mark, an 80-percent spike in earnings from the previous year.
Globe and PLDT continue to circle their wagons as the competition watchdog investigates their buyout of San Miguel Corporation's telco assets. CNN Philippines looks into what's becoming a serious dispute.
There was much fanfare when Globe Telecom and PLDT announced their takeover of San Miguel's telco assets. But the competition watchdog is now saying — not so fast.
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