Oracion de san miguel arcangel para dominar a un hombre

When San Miguel Corp. entered into fixed-price agreements to supply electricity to Manila Electric Co. (Meralco) consumers in 2019, little did it know that unforeseen geopolitical forces would cause it to lose billions of pesos on its Sual and Ilijan power plants. For one, the price of coal which powers Sual stood between $60 and $65 per metric ton at the time the contract was entered into, and was expected to stay in that range for the next 10 years. But no one could have foreseen that Indonesia would impose a coal export ban in January of this year, soon to be followed by a spike in energy prices globally due to Russia’s invasion of Ukraine the following month. As a result, coal prices skyrocketed to over $400 per MT at present. To make matters worse, the Malampaya gas field which supplies the natural gas for the Ilijan plant was “derated,” resulting in a drop in supply. This forced San Miguel to source fuel from overseas which, as one would expect, is also substantially more … [Read more...] about BIZ BUZZ: Seeking ‘temporary relief’

San Miguel Corp. reported strong financial performance in the first half of 2022 driven by top-line gains across its businesses. This, amid the lingering effects of the pandemic, supply chain bottlenecks and inflationary pressures. Consolidated sales revenue rose 73 percent to P711.4 billion on sustained volume growth and better selling prices. Operating income grew by 41 percent to P85.9 billion, boosted by  the improved performance of its fuel and oil subsidiary Petron, and sustained recoveries of its food, beverage, packaging, and infrastructure businesses. Ebitda (earnings before interest, taxes, depreciation and amortization) reached P91.2 billion, up 13 percent from the first half of 2021. Recurring consolidated net income was up 24 percent to P32.5 billion. With the effects of foreign exchange movements and the impact of the CREATE ( Corporate Recovery and Tax Incentives for Enterprises)  Law, which were reflected in its 2021 results, consolidated net income settled at P19.8 … [Read more...] about SMC delivers strong H1 results

Conglomerate San Miguel Corp. (SMC) said higher selling prices and volumes pushed sales higher in the first half of 2022 but profits were pressured by the weakening Philippine peso and pandemic tax adjustments. The food, beverage, energy and infrastructure giant said net income from January to June sank 33 percent to P19.8 billion amid foreign exchange “movements” and normalized tax expenses from last year’s effectivity of the Corporate Recovery and Tax Incentives for Enterprises Act. SMC’s total revenues jumped 73 percent to P711.4 billion while operating income rose 41 percent to P85.9 billion. SMC said earnings before interest, taxes, depreciation and amortization increased 13 percent to P91.2 billion. Earnings were propelled by the outperformance of infrastructure and Petron Corp., whose first semester 2022 earnings exceeded those of the entire 2021. The food and beverage segment also sustained revenue and profit growth while the power subsidiary saw earnings drop due to … [Read more...] about SMC first half profits declined 33%

The Philippines wants to import its first shipment of liquefied natural gas (LNG) this year, as LNG infrastructure proposals surge. However, the country is entering the global LNG market at a time of extreme uncertainty. Supply is constrained due partly to the Russian invasion of Ukraine, and prices continue to hit record highs. Inability to buy LNG at competitive rates could leave new terminals and LNG-fired power plants unused and stranded. A history of setbacks. According to the Center for Energy, Ecology, and Development, the Philippines has 36.5 million tons per annum of LNG import terminal capacity under development, along with 29.9 gigawatts (GW) of gas-fired power projects. San Miguel Corp. alone accounts for 14.1 GW of that proposed capacity. Although projects on the pipeline have grown dramatically since 2016, LNG projects have been repeatedly canceled since 2003. More recently, LNG companies have been very active due to the depletion of the Malampaya gas field, the … [Read more...] about Global energy crisis may hit PH LNG plans

(FILE) Motorists gather at North Luzon Expressway (NLEX) Balintawak Toll Plaza on Sunday, October 18, 2020, to avail the radio frequency identification stickers. Niño Jesus Orbeta/Philippine Daily Inquirer MANILA, Philippines — The Department of Transportation (DOTr) and tollway operators have assured the public that the country’s expressways are ready to enforce cashless transactions as 3.2 million vehicles already secured radio frequency identification (RFID) tags. According to officials of DOTr’s Toll Regulatory Board (TRB), 1.8 million more vehicles were given RFID stickers since the agency issued in August a memorandum directing tollways to go electronic in receiving payments for the use of expressways to stop person-to-person transactions and avert transmission of the COVID-19 causing coronavirus. Some 1.4 million cars obtained RFID tags prior to the DOTr memo. “Today, we can say that we are ready to implement ‘yung Department Order 2020-12 o ‘yung tinatawag na cashless … [Read more...] about DOTr: Toll operators 100% ready to go cashless; 3.2M cars now have RFID tags

A 29-year-old “experienced” hiker was found dead Monday afternoon in Colorado, according to authorities, who believe he fell. Patrick Eells of Telluride was found dead from “traumatic injuries suffered from an apparent fall while hiking alone on the Dallas-Gilpin ridge,” the San Miguel County Sheriff’s office said in a statement Monday. Eells told his girlfriend Sunday he was going to hike from Telluride to Sneffels Highline and possibly even summit Mt. Emma, according to authorities. Eells was reported missing around 11:00 p.m., Sunday night and authorities launched a search-and-rescue mission Monday morning. Eells body was found around 2:00 p.m.. (RELATED: Missing Hiker Has One Man’s ‘Very Weird Hobby’ To Thank For Saving His Life) “We extend our deepest condolences to the family and friends of Mr. Eells who so clearly was in the prime of his life,” Sheriff Bill Masters said. “We are fortunate to have the expertise and resources available with our staff, … [Read more...] about Experienced Hiker Found Dead From ‘Traumatic Injuries’

Crystal methamphetamine, known in the Philippines as “shabu,” in plastic sachets. | (INQUIRER.net file photo) CAMP GEN. ALEJO S. SANTOS, Bulacan—A suspected drug pusher was killed, while 34 others yielded nearly P700,000 worth of shabu and marijuana in buy-bust operations on Friday and Saturday in Bulacan province. Killed in a buy-bust operation that turned into a shootout at 8:40 p.m. on July 22 in Barangay Santor in Malolos was Sherwin Thompson, a police report said. Police retaliated after Thompson fired at them when he ran to evade arrest. He was killed on the spot. Thomason’s two cohorts—Romeo Estable and Eric Uy—were arrested. At around 11:30 p.m. in Barangay Tigbe, Norzagaray, Richard Isidro, 38; Aldous Edrick Santiago, 25; and John Ervin Manahan, 33, all of the City of San Jose del Monte, were arrested in another operation. At 1:10 a.m. on July 23 in Barangay Gaya Gaya, San Jose Del Monte, police arrested Rolly Mendoza, 45; Oliver Lambino, 44; and Analiza Lambino, … [Read more...] about Suspected drug pusher slain in Bulacan; P700,000 shabu, marijuana seized from 34 suspects

Iriga City in Camarines Sur (Google maps) LEGAZPI CITY – Heavy rains caused flood at the central business district of Iriga City in Camarines Sur Thursday afternoon (August 4), rendering some main roads impassable to motorists. The villages of San Roque, San Francisco and parts of San Miguel were flooded due the heavy downpour brought by a Low Pressure Area (LPA) that started at around 3 p.m. Iriga City disaster risk reduction and management office said roads in the downtown area were impassable, including the Ortega Street corner Rotary Road which was inundated with knee-deep floodwater and the JP Rizal Street with thigh-level flood. Camarines Sur Governor Vincenzo Renato Luigi Villafuerte has placed the province under blue alert status due to the effects of the LPA. The local government units were advised to activate their respective 24/7 emergency operation centers and implement pre-emptive evacuation of families living in flood and landslide prone areas. All … [Read more...] about Flood hits Iriga City’s central district

Philippine stocks extended gains on Friday after the July inflation print in the United States came in lower than expected, raising hopes that consumer price increases that prevailed for most of the year would finally start easing. The benchmark Philippine Stock Exchange (PSE) Index rose 0.28 percent, or 18.98 points, to 6,699.66 while the broader All Shares index added 0.38 percent, or 13.59 points, to 3,564.16. “Philippine shares continued the rally to close the weekend on the back of a positive US inflation report,” Luis Gerardo Limlingan, head of sales at stock brokerage house Regina Capital Development, said in a note to investors on Friday. US inflation for July cooled to 8.5 percent, which was below analysts’ expectations of 8.7 percent. Parent firm Ayala Corp. said on Friday it spent P11.82 billion to buy over 468 million Ayala Land shares on Aug. 9 and Aug. 12. No sellers were identified. At the same time, net foreign selling accelerated to P5.86 billion, stock … [Read more...] about Softer US inflation continues to buttress PH shares

CITY OF CALAPAN – The Mimaropa police on Friday (Aug. 5) afternoon reported that it made 183 anti-illegal drug operations and arrested 207 drug suspects who yielded a total of P2.9-million worth of “shabu” (crystal meth) from January to Aug. 4 this year. The latest were three suspects nabbed on Wednesday (Aug. 3), in separate drug buy-bust operations. Ian Mejica, 36, a priority high-value individual, was arrested at Barangay San Miguel in Puerto Princesa City, after allegedly selling 0.69 gram of shabu worth P2,000 to a poseur buyer. Arvin Malibiran, 41, also a high-value target, was arrested at Barangay Lazareto in this city after selling P500 worth of shabu. He yielded 0.40 gram of shabu valued at P2,720. Saturday Carpo, 43, was arrested at Barangay IV, Roxas town in Palawan province, after selling shabu worth P2,500. The suspects are now under police custody and face charges for violation of the Comprehensive Dangerous Drugs Act of 2002. “This is an evident … [Read more...] about Mimaropa cops seize P2.9-M worth of ‘shabu’ in 7 months