FILIPINO Billionaire's Masterplan to REBUILD The Philippines in 2024

San Miguel Beer is virtually synonymous with the Philippines and its far-flung distribution system reaches the remotest corners of the archipelago nation very true I had son everywhere with an ambitious push into infrastructure winning bids for airports toll roads and power plants at nothing short of a frenetic pace and that is very true because the first time I came to the Philippines like roads were not what they are today today it's one of the best roads I've driven on and another day another reaction video what's up Philippines we are back back at it it is a gloomy day again it's just the way it is right we're going to make the best out of it because today we're going to react to a video that says this billionaire wants to rebuild the Philippines and there are a few billionaires in the Philippines believe it or not who own like whole cities literally aalas for example so there are quite a few billionaires so I am very excited for this video I want to hear what the plans are for the country and where we should keep our eyes on what are people investing in and so on before we watch this please subscribe to this channel it helps my channel a lot so I can deliver content to you we can educate each other exchange thoughts in the comment section and so on and hopefully I will also make your day in some way and put a smile on your face so if that's the case Please Subscribe and now let's jump straight straight to this video today on Forbes this billionaire Beer Baron wants to rebuild Beer Baron there's only one the opening photo on the website of San Miguel best known for its aonomus 134 yearold beer brand isn't that of its jewelry but of a 39 km elevated Expressway connecting Metro Manila with nearby provinces that's why the S Miguel Corporation it's not just a beer it's like a whole construct of conglomerates that basically Al has different companies in different areas and that specifically is for the infrastructure they own quite a lot in the Philippines and South that pictorially depicts the biggest Stakes for the storied conglomerate today under chairman Ramon the company has repositioned itself as a nation Builder with an ambitious push into infrastructure winning bids for airports toll roads and power plants at nothing short of a frenetic pace and that is very true because the first time I came to the Philippines like the roads were not what they are today today it's one of the best roads I've driven on literally highways going to different places going north and south of Manila and also throughout the country bridges that are being built Subways train whatever you call it it is developing like crazy in March it won a 171 billion peso about $2.9 billion contract to upgrade and operate manila's aging nooi Kino International Airport the country's main gateway even while it's halfway through constructing the new 735 billion peso bulakan airport roughly 40 km north of the capital city it's very far away though the same month San Miguel Global power Holdings announced a three-way partnership with the aboi fam's aboi power and Moralo power gen backed by Metro Pacific invest which is jointly owned by Indonesian billionaire Anthony Sim's first Pacific and Filipino business man Manuel pangenan theway partnership purpose is to develop a $3.3 billion integrated liquefied natural gas facility in Batangas Province South of Manila okay why R by the beach pipeline of infrastructure projects has made San Miguel the most indebted company in the Philippines today with a staggering debt load of 1.5 trillion pesos equivalent to about $26 billion we heard that in a previous video here the company's debt to equity ratio IO of 2.2 is more than twice the gearing of the country's biggest conglomerates such as aala Corp and SM Investments according to Bloomberg data but Ang who's also the company's single largest shareholder and features among the country's wealthiest with a $38 billion Fortune is undaunted during a freewheeling 2-hour interview at the company's headquarters in the Ortigas Financial District east of Manila he says quote San Miguel has the financial capacity to pursue these projects our investment plans are supported by a strong balance sheet mhm for who's 70 years old the pivot is a chance to cement his legacy re-engineering he Legend infrastructure Colossus that is literally remaking the Philippines from the Bedrock up over the next 5 years Ang has earmarked capital expenditure of 1.4 trillion pesos of which 86% or 1.2 trillion pesos will be deployed to expand the company's infrastructure footprint the overarching goal behind this massive outlay is to boost economic growth in the Philippines he says by making it a more attractive destination for overseas investors and tourists we also heard that in that video in turn consumer spending boosting San Miguel's Legacy food and beverages business MH Ang says quote when our economy is strong when more Filipinos are prosperous all our businesses benefit yes San Miguel Beer is virtually synonymous with the Philip and its far-flung distribution system reaches the remotest corners of the archipelago nation very true I had s everywhere 1890 when the Philippines was a Spanish colony San Miguel expanded into food and packaging through the last century Ang who joined the company in 1998 as Vice chairman orchestrated s Miguel's expansion into more than a dozen new businesses including oil refining power generation Mass Rail and cement in 2009 San Miguel and embarked on its first Toll Road and Power Plant projects and took a majority stake in Petron the country's biggest oil refiner by Revenue the following year they own peton since then annual revenue has grown Eightfold to 1.4 trillion pesos in23 think about that trilon to assets are up nearly sixfold to 2.5 trillion pesos for full coverage check out Ian C and Jonathan burgos's piece on forbes.com mhm this is Kieran Meadows from Forbes thanks for tuning in okay so it was not so much specifically about what Roman Ang wants to do with the Philippines but it's more about what he already did and like I said having those conglomerates building the country up from like food and beverage industry infrastructure it's like you call it like so many things that he has his hands on which is really an admiring thing to see especially I saw him life once in person and he is such a d Earth person really he's one for the people which I can say let me know what you think about it if you have met Ramon Ang what your thoughts are about this project what do you think of the San Miguel Corporation I personally perceive it as a very positive company yeah that's just my two cents if you have to add your two cents please do so in the comment section down below if you want to see a little bit more upbeat and light-hearted content please head over to my channel n's life which will pop up probably here and also if you want to send me videos to react to like today video please feel free to shoot me a message on Instagram and connect with me there I'll do my best to reply to every single message that I receive that was it for today I'll see you guys next time here on what's up Philippines bye-bye [Music] the