{"id":19222,"date":"2024-06-12T03:03:46","date_gmt":"2024-06-12T03:03:46","guid":{"rendered":"https:\/\/energybuzz.ph\/staging\/6915\/smc-firm-on-double-digit-growth-target-for-2024-ramon-ang\/"},"modified":"2024-06-12T03:03:46","modified_gmt":"2024-06-12T03:03:46","slug":"smc-firm-on-double-digit-growth-target-for-2024-ramon-ang","status":"publish","type":"post","link":"https:\/\/energybuzz.ph\/staging\/6915\/smc-firm-on-double-digit-growth-target-for-2024-ramon-ang\/","title":{"rendered":"SMC firm on double-digit growth target for 2024 \u2014 Ramon Ang"},"content":{"rendered":"
\n

\n

SAN MIGUEL Corp. (SMC) President and Chief Executive Officer Ramon S. Ang said the conglomerate is sticking to its double-digit growth target for the year despite economic uncertainties.<\/span><\/p>\n

\u201cAs you can see in the first quarter results of San Miguel Group, we are growing double-digit on revenue and operating income,\u201d Mr. Ang said during a virtual annual stockholders\u2019 meeting on Tuesday.<\/p>\n

\u201cWe will stick to the target of continuing to grow at least double-digits for year 2024,\u201d he added.<\/span><\/p>\n

For the first quarter, SMC\u2019s attributable net income fell by 94% to P509 million, mainly due to foreign exchange losses.<\/p>\n

Its consolidated revenue improved by 13% to P392.7 billion, while operating income increased by 15% to P40.5 billion.<\/span><\/p>\n

Mr. Ang also said that SMC\u2019s Metro Rail Transit Line 7 (MRT-7) project is already about 80% complete.<\/p>\n

MRT-7 will have 14 stations. It will run from Quezon City to San Jose del Monte, Bulacan, and is projected to carry 300,000 passengers daily in its first year, and up to 850,000 passengers daily in its 12th<\/sup>\u00a0year.<\/span><\/p>\n

SMC is financing the construction and will operate the 23-kilometer commuter rail system after signing a 25-year concession agreement with the government.<\/p>\n

Last year, the Transportation department said that MRT-7 would begin operations by 2025.<\/span><\/p>\n

Mr. Ang added that SMC will assume operation of the Ninoy Aquino International Airport (NAIA) by September.<\/p>\n

\u201cWe are supposed to take over the operation of NAIA on Sept. 18,\u201d Mr. Ang said.<\/p>\n

In March, the consortium led by SMC and the Philippine government signed a concession agreement for the P170.6 billion NAIA rehabilitation project that will improve the airport\u2019s capacity by 77% to 62 million passengers annually.<\/p>\n

The consortium, comprised of San Miguel Holdings Corp.; RMM Asian Logistics, Inc.; RLW Aviation Development, Inc.; and Incheon International Airport Corp., has been given a 15-year concession that can be extended for another 10 years.<\/span><\/p>\n

Mr. Ang also said the construction of SMC\u2019s New Manila International Airport Project in Bulacan \u201cis progressing very well.\u201d<\/span><\/p>\n

The Bulacan airport project will have at least four parallel runways, a terminal and a modern and interlinked infrastructure network that has expressways and railways. \u2014 Revin Mikhael D. Ochave<\/b><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

SAN MIGUEL Corp. (SMC) President and Chief Executive Officer Ramon S. Ang said the conglomerate is sticking to its double-digit growth target for the year despite economic uncertainties. \u201cAs you can see in the first quarter results of San Miguel Group, we are growing double-digit on revenue and operating income,\u201d Mr. Ang said during a [\u2026]<\/div>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"nf_dc_page":"","footnotes":""},"categories":[1],"tags":[1251,47,14644,16548,2292,168,11413,3776,12556,935,11],"class_list":["post-19222","post","type-post","status-publish","format-standard","hentry","category-uncategorized","tag-1251","tag-ang","tag-bworldonline","tag-double-digit","tag-firm","tag-for","tag-growth","tag-ramon","tag-smc","tag-target","tag-years"],"yoast_head":"\nSMC firm on double-digit growth target for 2024 \u2014 Ramon Ang - Energy Buzz<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/energybuzz.ph\/smc-firm-on-double-digit-growth-target-for-2024-ramon-ang\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"SMC firm on double-digit growth target for 2024 \u2014 Ramon Ang - Energy Buzz\" \/>\n<meta property=\"og:description\" content=\"SAN MIGUEL Corp. (SMC) President and Chief Executive Officer Ramon S. Ang said the conglomerate is sticking to its double-digit growth target for the year despite economic uncertainties. \u201cAs you can see in the first quarter results of San Miguel Group, we are growing double-digit on revenue and operating income,\u201d Mr. Ang said during a [\u2026]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/energybuzz.ph\/smc-firm-on-double-digit-growth-target-for-2024-ramon-ang\/\" \/>\n<meta property=\"og:site_name\" content=\"Energy Buzz\" \/>\n<meta property=\"article:published_time\" content=\"2024-06-12T03:03:46+00:00\" \/>\n<meta name=\"author\" content=\"admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/energybuzz.ph\\\/smc-firm-on-double-digit-growth-target-for-2024-ramon-ang\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/energybuzz.ph\\\/smc-firm-on-double-digit-growth-target-for-2024-ramon-ang\\\/\"},\"author\":{\"name\":\"admin\",\"@id\":\"https:\\\/\\\/energybuzz.ph\\\/#\\\/schema\\\/person\\\/344f8dbaaecf75e51367eef93f492892\"},\"headline\":\"SMC firm on double-digit growth target for 2024 \u2014 Ramon Ang\",\"datePublished\":\"2024-06-12T03:03:46+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/energybuzz.ph\\\/smc-firm-on-double-digit-growth-target-for-2024-ramon-ang\\\/\"},\"wordCount\":359,\"publisher\":{\"@id\":\"https:\\\/\\\/energybuzz.ph\\\/#organization\"},\"keywords\":[\"2024\",\"ang\",\"bworldonline\",\"double-digit\",\"firm\",\"for\",\"growth\",\"ramon\",\"smc\",\"target\",\"years\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/energybuzz.ph\\\/smc-firm-on-double-digit-growth-target-for-2024-ramon-ang\\\/\",\"url\":\"https:\\\/\\\/energybuzz.ph\\\/smc-firm-on-double-digit-growth-target-for-2024-ramon-ang\\\/\",\"name\":\"SMC firm on double-digit growth target for 2024 \u2014 Ramon Ang - Energy Buzz\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/energybuzz.ph\\\/#website\"},\"datePublished\":\"2024-06-12T03:03:46+00:00\",\"breadcrumb\":{\"@id\":\"https:\\\/\\\/energybuzz.ph\\\/smc-firm-on-double-digit-growth-target-for-2024-ramon-ang\\\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/energybuzz.ph\\\/smc-firm-on-double-digit-growth-target-for-2024-ramon-ang\\\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/energybuzz.ph\\\/smc-firm-on-double-digit-growth-target-for-2024-ramon-ang\\\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\\\/\\\/energybuzz.ph\\\/staging\\\/6915\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"SMC firm on double-digit growth target for 2024 \u2014 Ramon Ang\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/energybuzz.ph\\\/#website\",\"url\":\"https:\\\/\\\/energybuzz.ph\\\/\",\"name\":\"Energy Buzz\",\"description\":\"\",\"publisher\":{\"@id\":\"https:\\\/\\\/energybuzz.ph\\\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\\\/\\\/energybuzz.ph\\\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\\\/\\\/energybuzz.ph\\\/#organization\",\"name\":\"Energy Buzz\",\"url\":\"https:\\\/\\\/energybuzz.ph\\\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/energybuzz.ph\\\/#\\\/schema\\\/logo\\\/image\\\/\",\"url\":\"https:\\\/\\\/energybuzz.ph\\\/staging\\\/6915\\\/wp-content\\\/uploads\\\/2023\\\/09\\\/EnergyBuzzLogo.png\",\"contentUrl\":\"https:\\\/\\\/energybuzz.ph\\\/staging\\\/6915\\\/wp-content\\\/uploads\\\/2023\\\/09\\\/EnergyBuzzLogo.png\",\"width\":1315,\"height\":656,\"caption\":\"Energy Buzz\"},\"image\":{\"@id\":\"https:\\\/\\\/energybuzz.ph\\\/#\\\/schema\\\/logo\\\/image\\\/\"}},{\"@type\":\"Person\",\"@id\":\"https:\\\/\\\/energybuzz.ph\\\/#\\\/schema\\\/person\\\/344f8dbaaecf75e51367eef93f492892\",\"name\":\"admin\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/136dede3a147ecd1a9946f78a827dcc4c82e31eece4650a789bbb3656cebe664?s=96&d=mm&r=g\",\"url\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/136dede3a147ecd1a9946f78a827dcc4c82e31eece4650a789bbb3656cebe664?s=96&d=mm&r=g\",\"contentUrl\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/136dede3a147ecd1a9946f78a827dcc4c82e31eece4650a789bbb3656cebe664?s=96&d=mm&r=g\",\"caption\":\"admin\"},\"url\":\"https:\\\/\\\/energybuzz.ph\\\/staging\\\/6915\\\/author\\\/admin\\\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"SMC firm on double-digit growth target for 2024 \u2014 Ramon Ang - Energy Buzz","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/energybuzz.ph\/smc-firm-on-double-digit-growth-target-for-2024-ramon-ang\/","og_locale":"en_US","og_type":"article","og_title":"SMC firm on double-digit growth target for 2024 \u2014 Ramon Ang - Energy Buzz","og_description":"SAN MIGUEL Corp. (SMC) President and Chief Executive Officer Ramon S. Ang said the conglomerate is sticking to its double-digit growth target for the year despite economic uncertainties. \u201cAs you can see in the first quarter results of San Miguel Group, we are growing double-digit on revenue and operating income,\u201d Mr. Ang said during a [\u2026]","og_url":"https:\/\/energybuzz.ph\/smc-firm-on-double-digit-growth-target-for-2024-ramon-ang\/","og_site_name":"Energy Buzz","article_published_time":"2024-06-12T03:03:46+00:00","author":"admin","twitter_card":"summary_large_image","twitter_misc":{"Written by":"admin","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/energybuzz.ph\/smc-firm-on-double-digit-growth-target-for-2024-ramon-ang\/#article","isPartOf":{"@id":"https:\/\/energybuzz.ph\/smc-firm-on-double-digit-growth-target-for-2024-ramon-ang\/"},"author":{"name":"admin","@id":"https:\/\/energybuzz.ph\/#\/schema\/person\/344f8dbaaecf75e51367eef93f492892"},"headline":"SMC firm on double-digit growth target for 2024 \u2014 Ramon Ang","datePublished":"2024-06-12T03:03:46+00:00","mainEntityOfPage":{"@id":"https:\/\/energybuzz.ph\/smc-firm-on-double-digit-growth-target-for-2024-ramon-ang\/"},"wordCount":359,"publisher":{"@id":"https:\/\/energybuzz.ph\/#organization"},"keywords":["2024","ang","bworldonline","double-digit","firm","for","growth","ramon","smc","target","years"],"inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/energybuzz.ph\/smc-firm-on-double-digit-growth-target-for-2024-ramon-ang\/","url":"https:\/\/energybuzz.ph\/smc-firm-on-double-digit-growth-target-for-2024-ramon-ang\/","name":"SMC firm on double-digit growth target for 2024 \u2014 Ramon Ang - Energy Buzz","isPartOf":{"@id":"https:\/\/energybuzz.ph\/#website"},"datePublished":"2024-06-12T03:03:46+00:00","breadcrumb":{"@id":"https:\/\/energybuzz.ph\/smc-firm-on-double-digit-growth-target-for-2024-ramon-ang\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/energybuzz.ph\/smc-firm-on-double-digit-growth-target-for-2024-ramon-ang\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/energybuzz.ph\/smc-firm-on-double-digit-growth-target-for-2024-ramon-ang\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/energybuzz.ph\/staging\/6915\/"},{"@type":"ListItem","position":2,"name":"SMC firm on double-digit growth target for 2024 \u2014 Ramon Ang"}]},{"@type":"WebSite","@id":"https:\/\/energybuzz.ph\/#website","url":"https:\/\/energybuzz.ph\/","name":"Energy Buzz","description":"","publisher":{"@id":"https:\/\/energybuzz.ph\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/energybuzz.ph\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/energybuzz.ph\/#organization","name":"Energy Buzz","url":"https:\/\/energybuzz.ph\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/energybuzz.ph\/#\/schema\/logo\/image\/","url":"https:\/\/energybuzz.ph\/staging\/6915\/wp-content\/uploads\/2023\/09\/EnergyBuzzLogo.png","contentUrl":"https:\/\/energybuzz.ph\/staging\/6915\/wp-content\/uploads\/2023\/09\/EnergyBuzzLogo.png","width":1315,"height":656,"caption":"Energy Buzz"},"image":{"@id":"https:\/\/energybuzz.ph\/#\/schema\/logo\/image\/"}},{"@type":"Person","@id":"https:\/\/energybuzz.ph\/#\/schema\/person\/344f8dbaaecf75e51367eef93f492892","name":"admin","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/secure.gravatar.com\/avatar\/136dede3a147ecd1a9946f78a827dcc4c82e31eece4650a789bbb3656cebe664?s=96&d=mm&r=g","url":"https:\/\/secure.gravatar.com\/avatar\/136dede3a147ecd1a9946f78a827dcc4c82e31eece4650a789bbb3656cebe664?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/136dede3a147ecd1a9946f78a827dcc4c82e31eece4650a789bbb3656cebe664?s=96&d=mm&r=g","caption":"admin"},"url":"https:\/\/energybuzz.ph\/staging\/6915\/author\/admin\/"}]}},"_links":{"self":[{"href":"https:\/\/energybuzz.ph\/staging\/6915\/wp-json\/wp\/v2\/posts\/19222","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/energybuzz.ph\/staging\/6915\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/energybuzz.ph\/staging\/6915\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/energybuzz.ph\/staging\/6915\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/energybuzz.ph\/staging\/6915\/wp-json\/wp\/v2\/comments?post=19222"}],"version-history":[{"count":0,"href":"https:\/\/energybuzz.ph\/staging\/6915\/wp-json\/wp\/v2\/posts\/19222\/revisions"}],"wp:attachment":[{"href":"https:\/\/energybuzz.ph\/staging\/6915\/wp-json\/wp\/v2\/media?parent=19222"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/energybuzz.ph\/staging\/6915\/wp-json\/wp\/v2\/categories?post=19222"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/energybuzz.ph\/staging\/6915\/wp-json\/wp\/v2\/tags?post=19222"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}