State-owned Development Bank of the Philippines and Land Bank of the Philippines are spearheading a syndicate that will bankroll the P15-billion Tarlac-Pangasinan-La Union Toll Expressway project to be majority-controlled by San Miguel Corp. Join discussion...

SAN Miguel Corp. (SMC) is more likely to initially invest about P3 billion into the Tarlac-La Union Expressway Project (TLUTE). SMC is a highly diversified conglomerate which is now the majority stockholder of Petron Corp. In an interview on Tuesday, Ramon S. Ang, SMC participation in the project will require only a small investment, which can easily be financed by the company’s excess cash. Join discussion...

Philippines firm San Miguel Corp. said Tuesday it plans to acquire a stake in a 312.5 million-dollar toll road project as part of a strategy to diversify from its core brewing business. San Miguel, the country's biggest private employer and Southeast Asia's largest food and beverage company, said it is interested in the 88.5-kilometer (55-mile) Tarlac-La Union Expressway project, which is due to start this year. Join discussion...