San Miguel Lures Investors Amid Record-Low Rates: Southeast Asia

San Miguel Lures Investors Amid Record-Low Rates: Southeast Asia

Brent Lewin/Bloomberg

San Miguel Corp., which started as a brewer eight years before the Philippines declared independence in 1898, has expanded into oil, power, infrastructure, mining and aviation to triple the return on equity of about 7 percent it has been earning from the food and beverage businesses, President Ramon Ang has said.