San Miguel Corporation
12-28

San Miguel vows to clean up Bulacan coastal areas

DIVERSIFIED conglomerate San Miguel Corp. (SMC) plans to revive some 12,000 hectares of coastal fishing areas in Bulacan, to ensure the sustainability of the area where the company will build its proposed airport project.

In a statement issued Thursday, SMC said the P754-billion investment for the New Manila International Airport (NMIA) will cover the protection and revival of Bulacan’s coastline surrounding the airport.

SMC’s revival efforts will include dredging coastal areas and other bodies of water, while also working with local government units to prevent factories from dumping toxic waste into the water.

The company said it is also willing to supplement the Coast Guard’s patrolling activities to ensure that no garbage or industrial waste will be dumped into the bodies of water.

“Fishing in Bulacan has slowly been dying the last few decades because of pollution from households and industries. Our goal is to clean up the coast and make Bulacan a seafood capital. After all, the airport is there to help support the local fishing industry,” SMC President and Chief Operating Officer Ramon S. Ang said in a statement.

Aside from the nearby coastal area, NMIA will also stand within a township which will include a residential segment, a government center, a seaport, and industrial zone.

“It will have many sustainable features that our countrymen will also appreciate and enjoy,” Mr. Ang said.

The company’s announcement to revive Bulacan’s coastline follows the approval of its NMIA proposal by the National Economic and Development Authority (NEDA) board.

The proposal will now be subjected to a Swiss challenge, where competing groups will be allowed to challenge SMC’s bid. As original proponent, SMC will have the right to match or submit a better bid in order to win the project.

Socioeconomic Planning Secretary Ernesto M. Pernia said the Swiss challenge is scheduled for mid-January next year, while Finance Secretary Carlos G. Dominguez III said the project is set to be awarded within the first quarter of 2019.

“Hopefully, once we complete all the government processes, we can begin actual work on constructing this world-class international gateway, capable of serving our nation for many generations…While we’re still going through a long process, hopefully, in 2019, we can hit the ground running on actual construction,” Mr. Ang said.

The company expects the construction of NMIA to generate millions of direct and indirect jobs over the next five years. Mr. Ang said they will immediately hire about 100,000 local workers from Bulacan and nearby provinces such as Bataan and Pampanga once the project is finally approved for implementation.

SMC has proposed to build NMIA as an alternative to the Ninoy Aquino International Airport, which has long been operating beyond its capacity of 35 million passengers annually. NMIA is set to accommodate 100 million passengers per year, with six runways and modern terminals.


source: https://www.bworldonline.com/san-miguel-...tal-areas/


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1-14

Bulacan Bulk Water begins commercial operations

THE P24.4-billion Bulacan Bulk Water Supply Project (BBWSP) is commencing commercial operations on Monday, January 14, following the project’s phase 1 milestone completion ahead of schedule.

In a statement, Metropolitan Waterworks and Sewerage System (MWSS) Administrator Reynaldo V. Velasco lauded San Miguel Corp. (SMC), a proponent of the BBWSP in partnership with the Clean Water Development Corp. and K-Water Resources Corp. Velasco credited SMC Chairman and CEO Ramon S. Ang for the speedy completion of the flagship project, the first major water project to be completed and inaugurated under the Duterte administration.

Duterte is set to formally inaugurate the BBWSP on January 28, 2019.

“We congratulate SMC, K-Water and Mr. Ang for the landmark completion of the BBWPS last December 17, one month ahead of its contracted completion,” Velasco said in a statement.

“This underscores the good working relations between MWSS and Luzon Clean Water that will surely benefit the people of Bulacan. While the Bulacan bulk-water project was started by the Aquino administration in 2012, it is the first major water project to be completed during Duterte’s term,” he said.

“The BBWSP started its dry-run operations last December 17, initially giving free water to four areas in Bulacan, namely, Obando, Meycauayan City, Marilao and Bocaue,” said Ang, who is also president of Luzon Clean Water. Ang said the water project is aimed at providing millions of residents from 24 localities in Bulacan ready access to fresh, potable surface water while balancing the competing needs of a growing population, industry, agriculture and the environment in the province. 

“The Bulacan Bulk Water project is just one of the many projects SMC has in store under the Duterte administration,” Ang said, adding that “with our financial resources and technical capabilities, we promise to deliver several projects that support our fast economic growth.” One of these projects includes a new international airport to be constructed in Bulacan.


source: https://businessmirror.com.ph/bulacan-bu...perations/


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1-17

SMC to set up big development projects in Quezon

LUCENA CITY—One of the largest and most diversified corporations in the country has proposed several big-ticket development projects in Quezon province, particularly in the municipalities of Pagbilao and Sariaya.

Ramon Ang, president and COO of San Miguel Corp. (SMC), has written Gov. David Suarez with the list of projects and requested the latter to facilitate the favorable endorsement and approval by the Sangguniang Panlalawigan (SP).

The proposed projects to be established in Pagbilao are the cement plant with Co-gen plant, up to 1.200 megawatts CFB power plant (clean coal technology), deep sea port, all with the proposed location in Barangay Ibabang Polo; dressing plant, slaughterhouse, ready-to-eat (RTE) plant to be located in Barangay Ilayang Palsabangon; logistics center and quarry to be located in Barangay Ilayang or Ibabang Palsabangon and Barangay Ilayang Bagumbungan.

Those to be set up in Sariaya are a tank farm, brewery, feedmill and cement grinding plant, pier and port facilities all proposed to be located in Barangay Castañas or Barangay San Roque Guisguis.

There will also be a proposed access road, and site development and relocation/resettlement sites for target areas in both towns.

The SP on December 17 approved Resolution 2018-847 “expressing the full support of the provincial government of Quezon by approving the list of proposed projects of SMC in the province and interposing no objection to its implementation and operation.”

The resolution was certified as true and correct by SP Secretary Francis Xavier Sia, attested to be duly adopted by Vice Governor and SP presiding officer Samuel Nantes, and approved and signed by Suarez.

The move was initiated by SP member Ferdinand Talabong and unanimously seconded by his colleagues. The resolution said “the establishment and development of various industries and businesses will provide employment and additional revenue that would accelerate and ensure the growth of the province and directly benefit the people of Quezon.”

The joint committees on Laws, Rules and Regulation and Ways and Means both chaired by Talabong and board member Isaias Ubana II have recommended to the SP to approve the  SMC projects in Pagbilao and Sariaya. Other members of the joint committees who signed the recommendation included board members Donaldo Suarez, Vincent Dominic Reyes, Claro Talaga Jr. and Raquel Mendoza.

On Nov. 19 last year, Suarez wrote to the SP members through the SP presiding officer to request for the passage of a resolution, certified as “urgent” which approves the list of SMC projects.


source: https://businessmirror.com.ph/smc-to-set...in-quezon/


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[Image: 20190804-200951-7OCA9p3z.jpg]
[Image: 20190804-201147-Kxb2lTJ3.jpg]

For Weekly:

Touched MA50 weekly, this is the 4th time this happened since breaking out of it in very early 2016...

Everytime this happened, prices move 20 pesos before consolidating again towards MA50 ascending line...

On the Daily:

Prices just closed above MA50....

Price needs to close above 180, and it will be super bullish....

Bullish MACD crossed zero line, and RSI trending up after bouncing from support range
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