SMC SLEX Inc., the tollway unit of San Miguel Corp. (SMC), has raised this year s capital expenditures (capex) by an additional P4.6 billion to fund projects for the South Luzon Expressway (SLEx).
THE tollway unit of San Miguel Corp. (SMC) saw net income grow by 27 percent to P2.01 billion in the first half (H1) from P1.58 billion a year earlier, driven by higher toll revenues and lower expenses.
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The Toll Regulatory Board (TRB) has confirmed the proposed expressways to be put up by San Miguel Corp. are progressing in terms of their preparation toward construction.