SAN MIGUEL: A BRIDGE BETWEEN THE PHILIPPINES AND THE WORLD

(426 words)

San Miguel Corporation, one of the biggest and most diverse companies in the

Philippines, is a key factor in the economic globalization landscape. San Miguel has a

long history that dates back more than a century, and it has developed into a vibrant

company with holdings in a range of industries, including telecommunications, energy,

food and beverage, packaging, and infrastructure. The Philippines' economy benefits

greatly from its extensive presence and strategic investments, which also highlight the

country's active participation in the global economy by promoting trade, investment, and

technical advancements.

San Miguel Corporation, one of the biggest and most diverse companies in the

Philippines, is a key factor in the economic globalization landscape. San Miguel has a

long history that dates back more than a century, and it has developed into a vibrant

company with holdings in a range of industries, including telecommunications, energy,

food and beverage, packaging, and infrastructure. According to Lopez (2023), The

industrial powerhouse San Miguel that owns beer, food, power, and infrastructure

reported revenues of P1.506 trillion (P1,506 billion) in 2022, which were the greatest in

its 133-year existence. The astounding 39 percent growth in SMC's GDP share from 4.9

percent in 2021 to 6.8 percent makes it the highest and best result the company has ever

achieved. The Philippines' economy benefits greatly from its extensive presence and

strategic investments, which also highlight the country's active participation in the global

economy by promoting trade, investment, and technical advancements.

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 Due to its function as a bridge for the global integration of the Philippines, San

Miguel Corporation is significant in terms of economic globalization. Through a range of

operations in several industries, it promotes cross-border investment, commerce, and

technology exchange, supporting economic growth, job creation, and connectivity. The

nation's international standing and engagement are further improved through its strategic

investments and sustainable practices. San Miguel Corporation (2022) stated that, With

over 24,000 employees, San Miguel Corporation generates over 150,000 indirect

employment down the supply chain and contributes an estimated 5.2 percent of the GDP

of the Philippines, and that they are dedicated to gaining greater public trust as the

economic pillar of the Philippines and to fostering our nation's expansion and

advancement.

The significant commercial footprint of San Miguel Corporation across sectors like

infrastructure, energy, and telecommunications positions it as a key actor in economic

globalization. San Miguel exemplifies the dynamics of contemporary economic

globalization by promoting cross-border trade, investment, and technology exchange,

which has a substantial positive impact on the economic development of the Philippines

and its active participation in the global economy.