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San Miguel planning US$34b investments, says president

It is also "evaluating and may bid" for Vietnam's Saigon Beer, he adds; profit seen rising at least 20% this year

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"The businesses we ventured into have matured, such that the company is in a very stable position," says Mr Ang.

Manila

SAN Miguel Corp plans to invest US$34 billion in an oil refinery, an integrated steel complex and an ocean-tide power plant as the Philippines' largest company by sales expands amid forecasts for robust economic growth in the country, according to its president.

The company...

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