San Miguel vows to invest in more projects

CONGLOMERATE San Miguel Corp. said it would focus its investments in the Philippines in the next six years as part of its continuing commitment to lead in nationbuilding and create economic opportunities for Filipinos.

San Miguel President Ramon S. Ang said with the easing of quarantine restrictions and the roll out of a more efficient way to deal with the Covid problem, “I think the company will definitely grow much, much stronger than last year.”

“There are many projects in various stages of development throughout the San Miguel Group. What is common to all these projects is our stronger push for nation-building, and towards greater sustainability,” Ang said.

Among the projects that San Miguel is undertaking are the Bulacan airport, touted to be the country’s largest and most modern international gateway, and the Mass Rail Transit 7 project that will connect Metro Manila and Quezon City to Bulacan.

It is also undertaking the South Luzon Expressway TR4 project, which will extend the South Luzon Expressway from Sto, Tomas, Batangas to Lucena, Quezon province, and the upcoming SLEX TR5 project from Lucena all the way to Matnog, Sorsogon in the Bicol Region.

It is building 31 new Battery Energy Storage System facilities nationwide to ensure stable and reliable electrification to more provinces nationwide. This is seen to complement its planned additional investments in renewable energy. The conglomerate is also investing in new baseload capacities utilizing natural gas to ensure the growing power needs of the economy is met over the long term.