Philippines. San Miguel Brewery revenue rose by 19%

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Leading beer-maker San Miguel Brewery (SMB) booked a 20 percent year-on-year growth in first semester net profit to P8.25 billion, tracking robust consumer spending during the presidential election season. (more…)

Philippines. San Miguel Brewery sees strong profits

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San Miguel Brewery, Inc. (SMB) could book P12 billion to P15 billion in net income by the yearend, with the company already netting P4 billion during the first quarter, its chairman said. (more…)

LT Group unit to brew Heineken in Philippines

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Asia Brewery, a subsidiary of Philippine conglomerate LT Group, on Friday struck a deal with Heineken International that will allow it to brew the popular Dutch beer brand. (more…)

Diversification key to globalization for Asian companies

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As Asian companies aspire to grow, they become more inclined to look beyond their home turf. Some of the successful forerunners present at the FT-Nikkei Asia300 Forum on Monday morning embody the importance of companies diversifying their business portfolios. (more…)

Philippines’ San Miguel continues to seek acquisitions

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Philippine conglomerate San Miguel Corp plans to raise another 15 billion pesos ($324.92 million) through preferred shares or corporate notes in the first half of the year to refinance debts, company officials said on Wednesday. (more…)