SMC shows how to thrive in an economic slowdownIn 2025, the economy had its worst year under the six-year presidency of Ferdinand R. Marcos Jr. The Philippines’ largest and most diversified conglomerate, San Miguel Corporation, however, had one of its best years. The economy grew 3.0 percent in the fourth quarter of 2025, bringing full-year 2025 growth to just 4.4 percent, slower than the 5.7 percent annual gain in 2024. The three percent October to December 2025 growth is the lowest quarterly rate for Marcos Jr. since he assumed office on June 30, 2022. Amid the turmoil and trust erosion of last year, one company managed to keep its head above the turbulent waters – 136-year-old San Miguel under chairman and CEO Ramon S. Ang.

Source: Philippine Star January 31, 2026 09:24 UTC