ALC Group expands into television industry

ALIW Broadcasting Corporation is set to embark on a significant milestone as it officially introduces Aliw 23, its digital broadcast television and free-to-air channel, on June 23, 2023, at The Podium Hall in Mandaluyong City. This highly anticipated launch signifies a major progression for Aliw Broadcasting Corporation, as it expands its presence in the television industry, building upon the accomplishments of its Home Radio and DWIZ brands.

With the theme “Reaching and Engaging More Filipinos nationwide and Worldwide,” Aliw 23 is committed to providing the Filipino people with relevant news and entertainment on a global scale. The channel has prepared a diverse range of meaningful segments and programs to deliver a complete television experience for its viewers.

Atty. Mc neil Rante, Executive Vice President and General Manager, expressed the channel’s dedication to public service, stating, “We will continue to be of service to the Filipino people by providing only the truth and unwavering public service.” Aliw 23 aims to become a trusted source of information and a platform for engaging content that resonates with its audience. o n e of the key features of Aliw

23 is that all its programs can be viewed free of charge, without any subscription required. This accessibility ensures that the channel can reach a wide audience and fulfill its mission of connecting with Filipinos nationwide and even globally.

Chairman D. Edgard A. Cabangon reflects on the late Ambassador Antonio Cabangon Chua, founder of the ALC Group of Companies, stating, “This achievement fills me with confidence that my father, the late Ambassador Antonio Cabangon Chua would have been proud to witness the expansion of the business he established. Serving the Filipino people has always been his vision, and establishing a broadcasting channel was one of his aspirations for the ALC Group. I am certain he would be delighted to see this dream become a reality.” as joint ventures, to further optimize our operations,” DMCI Chairman Isidro A. Consunji said. VG Cabuag

As the launch of Aliw 23 draws near, anticipation builds among Filipinos eager for a fresh and engaging television experience. The channel’s commitment to providing quality content and fostering public service demonstrates its determination to become a leading player in the Philippine broadcasting landscape.

Aliw Broadcasting Corporation is a proud member of the ALC Group of Companies, which is the home of some distinguished brands in various industries including insurance, banking and finance, pre-need, memorial care, hotels, and media, among others.

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RAM o n S. An G , president of conglomerate San Miguel Corp. (SMC), on Tuesday said he would be “thankful” if the company’s performance this year would match its 2022 results.

Ang said during the company’s annual stockholders’ meeting that 2023 will be “a challenging year” because of high inflation, higher cost of borrowing and the fluctuation of crude prices in the world market. He also noted the reduced power and food demand.

“So, but despite all of that, because the company is doing everything we can, our first quarter is still good,” Ang said.

“But, you know, if we compare 2022, which is a national election year, the volume is definitely much better than this year, 2023. So, if we can at least match the previous year’s performance, I think we should be very thankful.”

In 2022, San Miguel’s net income fell 44 percent to P26.76 billion from the previous year’s P48.16 billion.

Excluding the effects of foreign exchange and the CREATE Law, or Corporate Recovery and Tax Incentives for Enterprises Act, its net income reached P43.21 billion, still lower than the previous year’s P47.04 billion.

For 2022, it had record revenues of

P1.5 trillion, some 60 percent higher than the previous year’s P941.19 billion.

“In fact, the challenges we face only strengthen our commitment to continue helping grow our economy, and boost shared prosperity for all. o u r projects today serve the purpose of making meaningful change and preparing us for tomorrow,” Ang said.

“This will help our country attain food and energy security, support regional growth, and local industries and make opportunities available to many Filipinos.” our strong first quarter results reflect our commitment to execute well on our strategic priorities as we navigated through a very challenging environment. With raw material prices expected to stabilize, we are confident we can deliver an even better performance in the coming months,” Ang said. VG Cabuag

SMC’s net income rose 27 percent to P17.73 billion in the first quarter from the previous year’s P13.94 billion on strong sales across its businesses.

Revenues rose 9 percent to P346.72 billion from the previous year’s P316.76 billion, bolstered by higher volumes coming from Petron Corp., San Miguel Brewery Inc. and SMC Infrastructure.