San Miguel Plans $34B Investments in Oil, Steel, Power

San Miguel is expanding beyond its traditional beer business to tap into the growing Philippine economy. The company plans to invest $34 billion in an oil refinery, a steel complex, and an ocean tide power plant. San Miguel is also considering a stake in Saigon Beer to enter the Vietnamese market. The company is exploring renewable energy through an ocean tidal power project, pending regulatory approval and government incentives.

What is the expected annual profit growth for San Miguel's current businesses?

What renewable energy project is San Miguel Corporation planning to develop?