The list of bidders for the Aquino administration's biggest public-private partnership (PPP) project to date is growing longer, with San Miguel Corp and the Lucio Tan Group tossing their hats in the ring.
PPP Center executive director Cosette Canilao said 14 companies have purchased bid documents for the P122.8 billion Laguna Lakeshore Expressway Dike Project (LLEDP). The 14 firms are as follows:
Muhibbah Engineering Corp
GT Capital Holdings Inc
Ayala Land Inc
Egis Projects SA
Megaworld Corp
Metro Pacific Investments Corp
Minerales Industrias Corp
Leighton
JV Power and Wealth Corp
LT Group, Inc
Laguna Lakeshore Consortium (Wenceslao Group)
Filinvest land
Macquarie Capital Securities
San Miguel Corp
The National Economic and Development Authority (NEDA) Board recently cleared the LLEDP for bidding. The project aims to provide a high-standard highway that will speed up traffic between the southern part of Metro Manila and Laguna, as well as a dike that would mitigate flooding in the western coastal communities along Laguna Lake.
It also aims to create productive land and create opportunities for developing a new business and residential area on reclaimed land, to enhance regional and urban development. The project has the following components:
- Construction of a 47-kilometer flood control dike from Taguig to Los Banos, on top of which will be a 6-lane expressway, on an off-shore alignment 500 meters away from the western shoreline of Laguna Lake, including interchanges, bridges, floodgates, and pumps; and
- Reclamation of 700 hectares west of and abutting the expressway-dike, separated from the shoreline by a 100-150 meter channel in Taguig and Muntinlupa.
The Department of Public Works and Highways (DPWH) said it would resort to a two-stage, two-envelope system for the open solicitation of bids under the Build-Operate-and-Transfer (BOT) Law.
According to this process, bidders are first pre-qualified based on minimum legal, technical and financial requirements set by the DPWH. Those bidders that prequalify would be permitted to submit their bids for the project.
The LLEDP is the fourth PPP project of the DPWH after the P34.5 billion Cavite Laguna Expressway (CALAX), the bidding for which Team Orion topped. Team Orion is a joint venture between the Ayala Group's AC Infrastructure Holdings Corp and Aboitiz Land Inc.
Other DPWH projects under PPP that had been awarded include the P15.5-billion NAIA Expressway and the P1.96-billion Daang Hari-SLEX Link.
- Interaksyon
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Showing posts with label SMC. Show all posts
Showing posts with label SMC. Show all posts
Tuesday, August 19, 2014
Saturday, August 9, 2014
Despite higher revenue, Purefoods' 1H net income drops
San Miguel Corp's food subsidiary reported lower earnings in the first six months of the year despite registering higher volumes and selling prices.
In a disclosure to the Philippine Stock Exchange, San Miguel Pure Foods Co Inc. said it earned P1.7 billion in the January to June period, down 5.56 percent from the P1.8 billion reported in the same period last year.
Purefoods did not cite the reason for the lower net income since it has yet to submit its second quarter report to the PSE.
Operating income jumped 12 percent to P2.7 billion in the first half of the year from P2.4 billion a year ago on the strength of its poultry, meats, flour and dairy businesses, riding on better volumes, higher selling prices and improved efficiencies in hog-raising.
Consolidated revenues rose 4 percent to P49.2 billion in the six-month period from P47.08 billion in 2013.
Revenues from its feeds, poultry, meats and flour businesses climbed 7 percent on higher volumes due to strong retail outlet sales and increased demand for customized flour, premixes and specialty flours.
Meanwhile, its branded and higher value-added businesses expanded by 1 percent year-on-year in the first semester of 2014.
- Interaksyon
Tuesday, June 10, 2014
San Miguel sees revenue share of new businesses hitting 76 pct this year
San Miguel Corp (SMC) expects its new businesses to grow by at least a fifth this year, boosting their revenue contribution to the diversified conglomerate.
On the sidelines of the firm’s stockholders meeting, SMC president Ramon S. Ang told reporters that the refinery upgrade of Petron Corp and the consolidation of the Southern Tagalog Arterial Road (STAR) will give a lift to revenue.
Last year, new businesses accounted for 72 percent of revenue and climbed seven percent to P750 billion.
"Because of the faster growth of the new businesses, their share may reach 76 percent," Ang said.
San Miguel’s food, beverage and packaging business will grow by 5-10 percent this year after expanding by 2 percent in 2013 as volumes recover from intense competition and higher excise taxes.
San Miguel has been trimming its stake in its traditional businesses of food, beverage and packaging since 2007 to support its diversification into high-growth sectors of infrastructure, power, oil retailing, telecommunications and mining.
It recently entered the airline business through the acquisition of a 49 percent stake in Philippine Airlines (PAL).
- Interaksyon
On the sidelines of the firm’s stockholders meeting, SMC president Ramon S. Ang told reporters that the refinery upgrade of Petron Corp and the consolidation of the Southern Tagalog Arterial Road (STAR) will give a lift to revenue.
Last year, new businesses accounted for 72 percent of revenue and climbed seven percent to P750 billion.
"Because of the faster growth of the new businesses, their share may reach 76 percent," Ang said.
San Miguel’s food, beverage and packaging business will grow by 5-10 percent this year after expanding by 2 percent in 2013 as volumes recover from intense competition and higher excise taxes.
San Miguel has been trimming its stake in its traditional businesses of food, beverage and packaging since 2007 to support its diversification into high-growth sectors of infrastructure, power, oil retailing, telecommunications and mining.
It recently entered the airline business through the acquisition of a 49 percent stake in Philippine Airlines (PAL).
- Interaksyon
Monday, May 19, 2014
SM open to partnering with San Miguel for alternative to NAIA
Henry Sy's listed holding firm is open to partnering with San Miguel Corp (SMC) for a proposed $10-billion international airport south of Manila.
"We can talk," SM Investments Corp chief financial officer Jose Sio told reporters Monday during the listing of the conglomerate's P15-billion fixed-rate retail bonds at the Philippine Dealing and Exchange Corp.
Last week, SMC president Ramon S. Ang named Filipino conglomerates such as the SM and Ayala groups as possible partners for the airport project. He said the diversified conglomerate was willing to go through bidding for the development.
Sio said there are no discussions with San Miguel, but a possible tie-up with the diversified conglomerate will be good "not [only] for business" but "for country” as well.
"That’s what we need for our country to grow in the next stage, we have to improve our infrastructure. That is very important," he said.
Last week, Ang presented to the government a proposal to construct an international airport that will be located along the Manila-Cavite Coastal Road at the waterfront reclamation project covering the cities of Paranaque and Las Pinas.
The proposed airport, which would be pursued as a build-operate-transfer (BOT) project, would be located on newly reclaimed land reaching 1,600 hectares. Once built, the new airport can accommodate all international and domestic operations at the Ninoy Aquino International Airport (NAIA).
The new airport is near Manila Bay where the SM group, through SM Land Inc, and the Pasay City government are planning a P54.5-billion reclamation project. The Philippine Reclamation Authority is bidding out the right to reclaim the project.
“We’re laying the ground work for the next stage of Philippine economic growth. After the upgrade, we expect we will enter the second stage of development,” Sio said.
SM is in the business of retail, mall operations and development, financial services, residential and property development, hotel and convention centers, and gaming. Aside from its core businesses, the group also has interests in mining, infrastructure, and geothermal energy.
SM suffered a 16-percent drop in earnings to P6.23 billion in the first quarter from P7.42 billion a year ago in the absence of hefty trading gains.
Despite the weakness in the first three months of the year, the conglomerate will end the year with a single-digit increase in net profit, as BDO posts higher interest income and significant loan growth, Sio said in a previous interview.
"We can talk," SM Investments Corp chief financial officer Jose Sio told reporters Monday during the listing of the conglomerate's P15-billion fixed-rate retail bonds at the Philippine Dealing and Exchange Corp.
Last week, SMC president Ramon S. Ang named Filipino conglomerates such as the SM and Ayala groups as possible partners for the airport project. He said the diversified conglomerate was willing to go through bidding for the development.
Sio said there are no discussions with San Miguel, but a possible tie-up with the diversified conglomerate will be good "not [only] for business" but "for country” as well.
"That’s what we need for our country to grow in the next stage, we have to improve our infrastructure. That is very important," he said.
Last week, Ang presented to the government a proposal to construct an international airport that will be located along the Manila-Cavite Coastal Road at the waterfront reclamation project covering the cities of Paranaque and Las Pinas.
The proposed airport, which would be pursued as a build-operate-transfer (BOT) project, would be located on newly reclaimed land reaching 1,600 hectares. Once built, the new airport can accommodate all international and domestic operations at the Ninoy Aquino International Airport (NAIA).
The new airport is near Manila Bay where the SM group, through SM Land Inc, and the Pasay City government are planning a P54.5-billion reclamation project. The Philippine Reclamation Authority is bidding out the right to reclaim the project.
“We’re laying the ground work for the next stage of Philippine economic growth. After the upgrade, we expect we will enter the second stage of development,” Sio said.
SM is in the business of retail, mall operations and development, financial services, residential and property development, hotel and convention centers, and gaming. Aside from its core businesses, the group also has interests in mining, infrastructure, and geothermal energy.
SM suffered a 16-percent drop in earnings to P6.23 billion in the first quarter from P7.42 billion a year ago in the absence of hefty trading gains.
Despite the weakness in the first three months of the year, the conglomerate will end the year with a single-digit increase in net profit, as BDO posts higher interest income and significant loan growth, Sio said in a previous interview.
- Interaksyon
Saturday, May 17, 2014
San Miguel willing to undergo bidding for new airport project
San Miguel Corp (SMC) is willing to go through bidding for its proposed $10 billion international airport in the south of Manila.
"The idea is that the government will bid out the project. We just presented our proposal. I cannot ask the government na bigyan ako ng right of first refusal. That's not good. So what we presented is a good idea. A good project and I don't want people to say that we have the advantage over anybody. Kaya okay sa akin na magpatawag siya ng bidding para magkaroon ng equal chance, equal opportunity to build this airport," SMC president Ramon S. Ang told reporters on Thursday night.
Ang said SMC is open to partner with Filipino companies such as the SM and Ayala groups, for the construction of the international airport.
"Cebu Pacific can also build a low-cost terminal there. Maraming puwedeng maging partner and we are open to anybody," he said.
On Wednesday, SMC submitted to the government a proposal to construct an international airport that will be located along the Manila-Cavite Coastal Road at the waterfront reclamation project covering the cities of Paranaque and Las Pinas.
The proposed airport, which would be pursued as a build-operate-transfer (BOT) project, would be located on newly reclaimed land reaching 1,600 hectares and would be separated from adjacent areas by drainage channel.
The airport layout plan is based on an international and domestic passenger handling capacity of 75 million passengers per year, with scalability to cater to more than 100 million a year.
Separate passenger terminal facilities are planned for full-service and low-cost airlines. The terminals will have up to 164 contact gates serviced by protected passenger boarding bridges and walkways.
Once built, the new airport can accommodate all international and domestic operations at the Ninoy Aquino International Airport (NAIA). International and domestic operations will be co-located allowing for more convenient international-domestic connect times.
The new airport would be only 11 minutes away from the Makati Central Business District via a new Airport Expressway rail service, allowing it better access than airports in Bangkok, Hong Kong, Singapore and Kuala Lumpur.
The proposed Airport Expressway would be 15-kilometers long, providing quick access to Fort Bonifacio, Ortigas and Eastwood as well as an alternative route to the Makati.
The main airport access can be via C5 and East-West direction, directly connecting the proposed new airport to Fort Bonifacio, Ortigas and Eastwood. This route would also lead to Makati via Kalayaan Road.
SMC has a 49 percent stake in Philippine Airlines Inc (PAL), which the food-and-beverage conglomerate acquired from tycoon Lucio Tan, who still holds the remaining 51 percent of the flag carrier.
"The idea is that the government will bid out the project. We just presented our proposal. I cannot ask the government na bigyan ako ng right of first refusal. That's not good. So what we presented is a good idea. A good project and I don't want people to say that we have the advantage over anybody. Kaya okay sa akin na magpatawag siya ng bidding para magkaroon ng equal chance, equal opportunity to build this airport," SMC president Ramon S. Ang told reporters on Thursday night.
Ang said SMC is open to partner with Filipino companies such as the SM and Ayala groups, for the construction of the international airport.
"Cebu Pacific can also build a low-cost terminal there. Maraming puwedeng maging partner and we are open to anybody," he said.
On Wednesday, SMC submitted to the government a proposal to construct an international airport that will be located along the Manila-Cavite Coastal Road at the waterfront reclamation project covering the cities of Paranaque and Las Pinas.
The proposed airport, which would be pursued as a build-operate-transfer (BOT) project, would be located on newly reclaimed land reaching 1,600 hectares and would be separated from adjacent areas by drainage channel.
The airport layout plan is based on an international and domestic passenger handling capacity of 75 million passengers per year, with scalability to cater to more than 100 million a year.
Separate passenger terminal facilities are planned for full-service and low-cost airlines. The terminals will have up to 164 contact gates serviced by protected passenger boarding bridges and walkways.
Once built, the new airport can accommodate all international and domestic operations at the Ninoy Aquino International Airport (NAIA). International and domestic operations will be co-located allowing for more convenient international-domestic connect times.
The new airport would be only 11 minutes away from the Makati Central Business District via a new Airport Expressway rail service, allowing it better access than airports in Bangkok, Hong Kong, Singapore and Kuala Lumpur.
The proposed Airport Expressway would be 15-kilometers long, providing quick access to Fort Bonifacio, Ortigas and Eastwood as well as an alternative route to the Makati.
The main airport access can be via C5 and East-West direction, directly connecting the proposed new airport to Fort Bonifacio, Ortigas and Eastwood. This route would also lead to Makati via Kalayaan Road.
SMC has a 49 percent stake in Philippine Airlines Inc (PAL), which the food-and-beverage conglomerate acquired from tycoon Lucio Tan, who still holds the remaining 51 percent of the flag carrier.
Thursday, May 15, 2014
SMB, Spanish affiliate forge deal to fortify San Miguel brand worldwide
San Miguel Brewery Inc (SMB) has forged a partnership with Spain's leading brewer to strengthen the global footprint of the San Miguel brand.
In a statement, SMB said San Miguel Brewing International Ltd signed a cooperation agreement with Mahou San Miguel (MSM) to jointly explore new markets and expand the reach of San Miguel.
Outside of the core and original Philippine market, the combined international sales of the two brewers make San Miguel one of the top 10 international premium beer brands. It is being enjoyed in 60 countries across five continents.
“MSM and SMB share a long and storied history. Leveraging on the strength and depth of our category as well as presence in our respective markets can do a lot for ramping up San Miguel as a global flagship brand,” said San Miguel Corp (SMC) president and chief operating officer Ramon S. Ang, who also chairs SMB.
In 1953, San Miguel Philippines granted to San Miguel Spain the branding rights for Europe and Mediterranean Africa, paving the way for the establishment of a new Spanish brewing affiliate in 1957. Since then, the two companies have -- independently although also in parallel -- developed a positioning for San Miguel as a pioneering and international brand.
"This alliance is much more than a business partnership," said MSM chairman Javier Lopez del Hierro.
"It has been an emotional journey to the origins of San Miguel, and is a unique opportunity to release the brand´s enormous potential, promoting a common positioning across the globe. An initiative which will help transform our international business, for which the San Miguel Brand already represents 90% of our sales outside of Spain," he added.
- Interaksyon
In a statement, SMB said San Miguel Brewing International Ltd signed a cooperation agreement with Mahou San Miguel (MSM) to jointly explore new markets and expand the reach of San Miguel.
Outside of the core and original Philippine market, the combined international sales of the two brewers make San Miguel one of the top 10 international premium beer brands. It is being enjoyed in 60 countries across five continents.
“MSM and SMB share a long and storied history. Leveraging on the strength and depth of our category as well as presence in our respective markets can do a lot for ramping up San Miguel as a global flagship brand,” said San Miguel Corp (SMC) president and chief operating officer Ramon S. Ang, who also chairs SMB.
In 1953, San Miguel Philippines granted to San Miguel Spain the branding rights for Europe and Mediterranean Africa, paving the way for the establishment of a new Spanish brewing affiliate in 1957. Since then, the two companies have -- independently although also in parallel -- developed a positioning for San Miguel as a pioneering and international brand.
"This alliance is much more than a business partnership," said MSM chairman Javier Lopez del Hierro.
"It has been an emotional journey to the origins of San Miguel, and is a unique opportunity to release the brand´s enormous potential, promoting a common positioning across the globe. An initiative which will help transform our international business, for which the San Miguel Brand already represents 90% of our sales outside of Spain," he added.
- Interaksyon
Monday, May 12, 2014
San Miguel Corp. reports Q1 net income down 49% on forex losses
First quarter net earnings of diversified conglomerate San Miguel Corporation declined by nearly half on foreign exchange losses.
In an e-mailed statement Monday, San Miguel said net income attributable to equity holders of the parent company was at P2.2 billion, down 49 percent from P4.2 billion a year earlier.
The company said it incurred P1.8 billion in foreign exchange losses, "a stark contrast from the P1 billion forex gains the company reported in the same period last year."
Without the forex losses, San Miguel would have registered a net income of P4 billion, up 23 percent.
Revenues rose 9 percent to P195 billion from P178.3 billion in the comparable period mainly due to the robust growth of the fuel and power units, as well improved contributions from core businesses.
Petron Corp.'s consolidated sales from of Philippine and Malaysian operations rose 12 percent to P125 billion.
Power unit SMC Global Power Holdings Corp. saw a 14 percent jump in revenues to P20 billion.
Beer unit San Miguel Brewery Inc. posted a slight uptick in revenues to P17.6 billion from P17.5 billion on improved volumes in February and March.
San Miguel Pure Foods Company Inc. saw a 5 percent increase in sales to P24.2 billion from P23 billion.
San Miguel Yamamura Packaging Corp. improved revenues by 1 percent to P5.6 billion from 5.5 billion.
Better volumes pushed liquor unit Ginebra San Miguel Inc.'s revenues 21 percent higher to P3.6 billion from P3.1 billion.
- GMA News
In an e-mailed statement Monday, San Miguel said net income attributable to equity holders of the parent company was at P2.2 billion, down 49 percent from P4.2 billion a year earlier.
The company said it incurred P1.8 billion in foreign exchange losses, "a stark contrast from the P1 billion forex gains the company reported in the same period last year."
Without the forex losses, San Miguel would have registered a net income of P4 billion, up 23 percent.
Revenues rose 9 percent to P195 billion from P178.3 billion in the comparable period mainly due to the robust growth of the fuel and power units, as well improved contributions from core businesses.
Petron Corp.'s consolidated sales from of Philippine and Malaysian operations rose 12 percent to P125 billion.
Power unit SMC Global Power Holdings Corp. saw a 14 percent jump in revenues to P20 billion.
Beer unit San Miguel Brewery Inc. posted a slight uptick in revenues to P17.6 billion from P17.5 billion on improved volumes in February and March.
San Miguel Pure Foods Company Inc. saw a 5 percent increase in sales to P24.2 billion from P23 billion.
San Miguel Yamamura Packaging Corp. improved revenues by 1 percent to P5.6 billion from 5.5 billion.
Better volumes pushed liquor unit Ginebra San Miguel Inc.'s revenues 21 percent higher to P3.6 billion from P3.1 billion.
- GMA News
Saturday, May 10, 2014
Purefoods eyes acquisition of add'l cargo ships to bring down logistics costs
San Miguel Pure Foods Co Inc may buy new Panamax vessels to reduce logistics costs, as it moves to improve efficiencies with the looming Asean economic integration.
On the sidelines of the company's stockholders meeting yesterday, San Miguel Corp (SMC) president Ramon S. Ang told reporters that SMC Shipping and Lighterage Corp is evaluating a plan to purchase six Panamax cargo vessels at a cost of $50 million each.
Each Panamax, which can handle 65,000-85,000 tons of payload, will generate annual savings of $10 million.
SMC Shipping is studying "if it makes sense to buy the Panamax kasi malaki talaga ang requirement ng Purefoods for feeds, soybean meal, cassava and flour," said Francisco Alejo III, the president of the food subsidiary.
Last year, Purefoods inaugurated a grains terminal in Mabini, Batangas that can accommodate the large Panamax vessels, allowing the company to enjoy lower freight costs and terminal fees.
The acquisition of new cargo vessels is part of Purefoods' move to improve efficiencies as tariff duties have come down to zero with Asean integration.
"In our case, we are now very competitive because we’ve seen how much tariff duties have come down. That’s why we’re improving our efficiencies to be competitive with the possible entry of foreign brands. So far, we're able to compete as a country," Alejo said.
Ang has issued marching orders for Purefoods to raise volumes by at least double digits and improve the market share of all its products, which are “either ranked number one or two” in the market.
"We are very optimistic about country growth because we feel there will be more consumption. We want to ride the momentum of the improvement in our economy because in many cases we have a very big market share so we're relying on increased consumption," Alejo said.
For its regional expansion, Purefoods is looking at possible acquisitions in Indonesia. It has sent people to evaluate opportunities in Cambodia, Vietnam and Myanmar.
SMC has no plans to sell shares in Purefoods, Ang said. Last year, the food company was considering selling more shares in 2014 to widen public ownership.
Purefoods expects the positive momentum seen in the first quarter of the year to be sustained for the rest of 2014, Alejo said.
Purefoods' net income rose by nearly a quarter to P870 million in the first three months of the year on improved efficiencies coupled with higher volumes and selling prices.
Consolidated revenues reached P24.2 billion in the first quarter, a five percent increase over the same period last year
Purefoods is part of SMC, which has interests in beverage, packaging, power generation, oil refining and retailing, mining, telecommunications, property development, air transportation and infrastructure.
- Interaksyon
On the sidelines of the company's stockholders meeting yesterday, San Miguel Corp (SMC) president Ramon S. Ang told reporters that SMC Shipping and Lighterage Corp is evaluating a plan to purchase six Panamax cargo vessels at a cost of $50 million each.
Each Panamax, which can handle 65,000-85,000 tons of payload, will generate annual savings of $10 million.
SMC Shipping is studying "if it makes sense to buy the Panamax kasi malaki talaga ang requirement ng Purefoods for feeds, soybean meal, cassava and flour," said Francisco Alejo III, the president of the food subsidiary.
Last year, Purefoods inaugurated a grains terminal in Mabini, Batangas that can accommodate the large Panamax vessels, allowing the company to enjoy lower freight costs and terminal fees.
The acquisition of new cargo vessels is part of Purefoods' move to improve efficiencies as tariff duties have come down to zero with Asean integration.
"In our case, we are now very competitive because we’ve seen how much tariff duties have come down. That’s why we’re improving our efficiencies to be competitive with the possible entry of foreign brands. So far, we're able to compete as a country," Alejo said.
Ang has issued marching orders for Purefoods to raise volumes by at least double digits and improve the market share of all its products, which are “either ranked number one or two” in the market.
"We are very optimistic about country growth because we feel there will be more consumption. We want to ride the momentum of the improvement in our economy because in many cases we have a very big market share so we're relying on increased consumption," Alejo said.
For its regional expansion, Purefoods is looking at possible acquisitions in Indonesia. It has sent people to evaluate opportunities in Cambodia, Vietnam and Myanmar.
SMC has no plans to sell shares in Purefoods, Ang said. Last year, the food company was considering selling more shares in 2014 to widen public ownership.
Purefoods expects the positive momentum seen in the first quarter of the year to be sustained for the rest of 2014, Alejo said.
Purefoods' net income rose by nearly a quarter to P870 million in the first three months of the year on improved efficiencies coupled with higher volumes and selling prices.
Consolidated revenues reached P24.2 billion in the first quarter, a five percent increase over the same period last year
Purefoods is part of SMC, which has interests in beverage, packaging, power generation, oil refining and retailing, mining, telecommunications, property development, air transportation and infrastructure.
- Interaksyon
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