71-692: PBL may stand for: Sports leagues [ edit ] B.C. Premier Baseball League , a youth baseball league in British Columbia, Canada Philippine Basketball League , a men's basketball minor league in the Philippines Premier Basketball League , a men's professional basketball minor league in the United States Russian Professional Basketball League ,
142-524: A brewery in the Philippines. He was awarded the grant for a period of twenty years. On September 29, 1890 ( Michaelmas , or the feast day of Saint Michael the Archangel ), La Fábrica de Cerveza San Miguel was opened. Located at 6 Calzada de Malacañan (later renamed Calle conde de Avilés and presently Jose Laurel Street ), the brewery took its name from the arrabal (suburb or district) where it
213-663: A newspaper and a radio station . He had investments in Philippine Airlines , held the largest Coca-Cola franchise, and owned five insurance agency distributorships, a Kansas City brewery that made Lone Star and Colt 45 , gold mines in British East Africa and a development company in Spain . Following Soriano's death, Antonio Róxas y Gargollo was elected chairman and Andrés Soriano Jr. became president. Soriano Jr. would become chairman in 1967 and
284-464: A 15-percent stake in SMC, for $ 540 million in 2002. SMC continued its international acquisitions, paying $ 97 million for Thai Amarit Brewery Ltd. and $ 35.5 million for food processor TTC (Vietnam) Co. in 2003. In 2004, it bought 51 percent of Berri Ltd., Australia's top juice maker, for $ 97.9 million. By 2004, international sales comprised 13 percent of total revenues from 10 percent the previous year. In 2005,
355-573: A 49% minority stake in Philippine Airlines (PAL) Holdings, worth US$ 500 million, to revitalize PAL and Air Philippines . On September 15, 2014, SMC sold its stake in PAL holdings for approximately $ 1.3 billion and relinquished management control back to the group of Lucio Tan . SMC has also expanded its oil and energy business with the purchase of Esso Malaysia Berhad (65%), ExxonMobil Borneo Sdn Bhd (100%) and ExxonMobil Malaysia Sdn Bhd (100%) for US$ 577.3 million. In October 2012, SMC bought back
426-532: A beer licensing and exporting initiative. Although the company had exported beer for most of its history, this effort was intensified dramatically in the late 1980s. SMC's beer exports grew by 150% from 1985 to 1989 alone, and the brand was soon exported to 24 countries, including all of Asia's key markets as well as the United States, Australia, and the Middle East. Once the core brand was established in
497-486: A billion pesos for the first time and profits topped the hundred-million-peso mark. A new corporate logo was adopted in 1975. The San Miguel escudo ( seal ), symbol of the royal grant, was retained as the logo of San Miguel Beer, its original grantee. SMC encountered its first major competitor in the Philippine beer market in 1982 with the entry of Asia Brewery , Inc. The rivalry between Asia Brewery and SMC came to
568-463: A campaign to reclaim the family legacy, but when he tried to buy back the abandoned shares, he was blocked by the Aquino administration's Presidential Commission on Good Government (PCGG). The PCGG assumed control (but not legal ownership) of the 51.4-percent stake and refused to relinquish it. The government asserted that the stake had been illegally obtained. The PCGG continued to tend its SMC stake into
639-489: A critical mass of brewing capacity in China, Indonesia and Vietnam, the new management decided to continue the company's investments in these areas, aggressively focusing on brand and volume building initiatives, most especially in China. SMC revamped the selling and distribution organization resulting in higher distribution efficiency, improved coverage of key accounts, greater pricing stability and reduced overall costs. In China,
710-492: A downturn in its main domestic businesses, while overseas operations were still in the red. Profits plummeted. In response, a major restructuring of the company's loss-making food businesses was undertaken. SMC's Magnolia ice cream and milk business was merged with the Nestlé Philippines group to form Magnolia-Nestlé Corporation. By late 1998, SMC's stake in this business was acquired by Nestlé. SMC also exited from
781-641: A head in 1988, when Asia Brewery cannily introduced a bargain-priced brand called simply, "Beer" (also known as Beer Pale Pilsen and "Beer na Beer"). The product looked and tasted like San Miguel Beer, playing upon the fact that in the Philippines, the San Miguel brand was synonymous with beer. It was a creative counter to SMC's notoriously aggressive and sometimes cutthroat competitive strategy, which had reportedly included "attempts to sabotage Asia Brewery's sales network and smash its empty bottles." Asia Brewery even hired away San Miguel's brew master. At that time,
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#1732776248442852-427: A holding company structure, with 18 non-beer operations positioned as subsidiaries. This corporate reorganization freed the spun off businesses from the bureaucratic shackles of a large conglomerate. In the course of this multifaceted effort to attain optimum efficiency, SMC reduced its workforce by more than 16%, from a 1989 high of 39,138 to 32,832 by 1993. SMC then turned to the next stage in its internationalization:
923-477: A major Philippine cash crop, with the proceeds supposed to fund that industry's development. It was alleged, however, that the money was funneled into United Coconut Planters Bank, controlled by Eduardo Cojuangco Jr. , which Cojuangco then used much of the funds to help him purchase his controlling stake in San Miguel in 1983. The controlling interest carried nine of SMC's 15 directors seats with it. After Soriano's death from cancer on March 19, 1984, Cojuangco became
994-410: A nephew of Antonio Róxas) joined San Miguel as a clerk in the accounting department. In 1918, after the resignation of Antonio Róxas, Ramón J. Fernández assumed the presidency and Soriano was made acting manager. In 1923, Soriano was appointed manager and managed San Miguel together with Antonio Brías y Róxas with increasing success. Diversification into new lines of business began in the 1920s. In 1922,
1065-539: A particular market, SMC would begin to create production facilities, sometimes on an independent basis and sometimes in concert with an indigenous joint-venture partner. By 1995, SMC had manufacturing plants in Hong Kong, China, Indonesia, Vietnam, and had licensing partners in Taiwan, Guam and Nepal. Thus, in spite of the overarching legal dispute over SMC's ownership (not to mention other problems endemic to operating in
1136-566: A private airport in the Guajira Department of Colombia General Bartolomé Salom Airport (IATA: PBL, ICAO: SVPC), an airport serving Puerto Cabello in the Carabobo state of Venezuela Plasmablastic lymphoma , a type of large B-cell lymphoma Topics referred to by the same term [REDACTED] This disambiguation page lists articles associated with the title PBL . If an internal link led you here, you may wish to change
1207-576: Is San Mig Coffee, with SMC also owning 3 PBA teams). The PBL is also one of the leagues where the PBA gets their players. Even quite a few successful PBL teams transferred to the PBA (although a system of promotion and relegation is not practiced in the Philippines), such as Purefoods , Sta. Lucia , Red Bull , and Welcoat . San Miguel Corporation San Miguel Corporation ( Tagalog pronunciation: [sɐn mɪˈɡɛl] ), abbreviated as SMC ,
1278-514: Is a Philippine multinational conglomerate with headquarters in Mandaluyong , Metro Manila . The company is one of the largest and most diversified conglomerates in the Philippines. Originally founded in 1890 as a brewery, San Miguel has ventured beyond its core business, with investments in various sectors such as food and drink, finance, infrastructure, oil and energy, transportation, and real estate. Its flagship product, San Miguel Beer ,
1349-407: Is one of the best selling beers in the world. San Miguel's manufacturing operations have extended beyond its home market to areas such as Hong Kong, China, Indonesia, Vietnam, Thailand, Malaysia, and Australia. In total, its products are exported to 60 markets around the world. In 1889, a Manila businessman, Enrique María Barretto de Ycaza y Esteban, applied for a royal grant from Spain to establish
1420-423: The 1st SMC-sponsored Invitationals with ESQ Marketing winning its third straight title against a strong Lagerlite crew. With the tremendous success of the tournament, San Miguel again agreed to be the sole sponsor of the second PABL conference that year, won by Army Jungle Fighters, dubbed as the "Challenge to Champions", Sixteen teams saw action. The cast included 12 commercial teams and 4 collegiate squads especially
1491-448: The 24% of SMC shares held by the government through Coconut Industry Investment Fund (CIIF) companies by paying CIIF P57.6 billion. By 2017, Iñigo Zóbel, son of Enrique J. Zóbel, became the largest common stock shareholder of SMC owning 66.1% through his holding company, Top Frontier Investment Holdings, Inc. On November 6, 2017, SMC announced the consolidation of its beverage businesses into San Miguel Pure Foods Company, Inc. through
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#17327762484421562-920: The Farola glass plant and power plant ( San Nicolas, Manila ), a carbon dioxide plant in Otis Street ( Paco, Manila ), a carton plant and the Iloílo Coca-Cola plant. Exports of San Miguel Pale Pilsen resumed, and new soft drink plants followed in Davao and Naga . In 1953, Soriano signed the Manila Agreement which allowed the Spanish company La Segarra S.A. to brew and sell San Miguel Beer in Spain. La Segarra S.A., renamed San Miguel, Fábricas de Cerveza y Malta (now Mahou-San Miguel Group ) in 1957,
1633-641: The NCAA and UAAP champions, San Sebastian College and University of the East . In the 1990s, the league was renamed as the Philippine Basketball League under Andy Jao, who would later return to the broadcasting panel of the PBA coverage on Vintage Sports. Jao's replacement, Charlie Favis later adopted a new theme, calling the PBL as the "faster league". Yeng Guiao replaced Favis, when Guiao left
1704-700: The PBA D-League, namely Pharex, Agri Nurture-FCA, Cafe France and Cobra Energy Drink. PBL Commissioner Nolan Bernardino said he had already been informed of the matter and that he respected the transferring teams' decisions. This resulted in the PBL being disbanded. Beginning the 2007 season, the PBL games were seen on Basketball TV (a channel of the Solar family of cable networks) after several years of being shown on UHF television station Studio 23 . Games were televised every Tuesdays, Thursdays, and Saturdays from 5-9 pm Philippine time plus rebroadcasts on BTV in
1775-477: The PBL and 6 from Liga Pilipinas . M.Lhuillier Kwarta Padala-Cebu Ninos became the 1st (and last) TOP champions by defeating Misamis Oriental Meteors , 3–2. After the tournament, merger talks between the 2 leagues went sour and were put off for good. The Philippine Basketball Association then announced that they would organize instead the " PBA Developmental League ", or the PBA D-League, on their own after merger talks between PBL and Liga Pilipinas failed. In 2011,
1846-646: The PBL and the Liga Pilipinas , a joint tournament was held in June 2010. The agreement was made as dry-run of a proposed "Developmental League", which was initiated by the Philippine Basketball Association , just like NBA 's D-League . The tournament was to be named "Tournament of the Philippines". Tournament of the Philippines started June 9, 2010, and used the Liga Pilipinas ' home-and-away leg format with 9 teams involved, 3 from
1917-467: The PBL's board of governors named Nolan Bernardino, son of former PBA commissioner Emilio "Jun" Bernardino, as the new PBL commissioner, while Sports Vision, the company behind the success of Shakey's V-League , was named as the group that would handle PBL's day-to-day operations. However, the league experienced great difficulty finding six teams for the 2011 opening tournament when four of the teams that had earlier confirmed their participation jumped ship to
1988-479: The Philippines), the company's sales quintupled from P12.23 billion in 1986 to P68.43 billion by 1994. Net income increased twice as fast, from P1.11 billion to P 11.86 billion over the same period, although its overseas operations (as a whole) were not yet profitable. In 1996, SMC purchased full control of its Hong Kong arm, San Miguel Brewery Hong Kong Ltd. In April of the following year, SMC's domestic soft-drink bottling unit, Coca-Cola Bottlers Philippines, Inc. ,
2059-501: The Philippines, Soriano was commissioned as a colonel and served as an aide to General Douglas MacArthur . One of the first Filipino brewmasters was Dominador San Diego Santos, a chemist from Obando, Bulacan . After the war, San Miguel rebuilt and mounted a large scale expansion program. It acquired and modernized a second brewery in Polo, Bulacán (now part of Valenzuela City ) in 1947. Two years later, five other plants were opened:
2130-574: The Polish name for Polish Peasant Bloc, a short lived political party in Poland Phenomenon-based learning Problem-based learning Project-based learning Protected Bike Lane Prototype-based language Publishing and Broadcasting Limited Public Broadcast Laboratory , a television program by National Educational Television (1967-1969) Puerto Bolívar Airport (ICAO: SKPB) non-directional beacon (Ident: PBL),
2201-512: The Soriano family with a mere 3%. Funds used by Cojuangco to acquire Zóbel's stake came from levies imposed by the Marcos dictatorship on coconut farmers . The Supreme Court has declared such levies to be public funds and therefore any assets bought using these funds are owned by coconut farmers. In the 1970s, then Philippine President, Ferdinand Marcos imposed a tax on the production of coconuts,
PBL - Misplaced Pages Continue
2272-649: The United States (a stake in the George Muehlebach Brewing Company and majority holding in the Lone Star Brewing Company located in San Antonio, Texas). In 1939, the management structure of the company was reorganized to be more like other American corporations. San Miguel's management team was made up of the board of directors (president, vice-president, treasurer and nine directors and the executive officers of
2343-421: The assassination of her husband, Benigno Aquino Jr. , in 1983. One of the people blamed for her husband's death was Cojuangco, who fled on the same aircraft as Marcos to Hawaii in 1986. The Aquino administration sequestered Cojuangco's stake in SMC and agreed to let Andrés Soriano III, son of the late Soriano, run the company in spite of the Soriano family's holdings in San Miguel being a mere 1%. Soriano launched
2414-590: The battle for corporate control. A thorny issue of management transparency broke Soriano's longstanding alliance with his Zóbel de Ayala relatives. This historical corporate battle resulted in the loss of effective control by the Sorianos, the Róxas de Ayalas and the Zóbel de Ayalas. In 1983, Enrique J. Zóbel , president of Ayala Corporation and vice chairman of the SMC board, instigated a takeover of SMC. The seeds of
2485-504: The chairman of SMC. That same year, SMC moved to its new head office in Mandaluyong . Cojuangco brought coconut oil milling and refining operations into SMC's portfolio. His reign, however, was cut short when Marcos was toppled in 1986. After the People Power Revolution in 1986, Corazón Aquino , Cojuangco's estranged cousin, became president of the Philippines. Aquino rode on the crest of widespread public outrage over
2556-603: The coaching ranks. The league gained early success with the dominance of the Tanduay Rhum Masters , the arrival of Eric Menk and Asi Taulava , and the holding PBL games at the air-conditioned Makati Coliseum. In 2000, former Vintage Sports commentator Chino Trinidad replaced Guiao, when the commissioner resigned to coach Red Bull in the Philippine Basketball Association , the country's premier professional basketball league. The PBL's popularity grew, inviting commercial teams bannered by single collegiate teams, and
2627-728: The company chose to focus on growth markets while still reaching close to 30 cities. Whereas in the past, it had primarily concentrated on the premium market it now pushed its medium and low-end brands. By the end of 1998, Cojuangco sold SMC's stake in Coca-Cola Beverages plc (Coca-Cola Amatil's bottler in Europe), along with SMC's 45% stake in Nestlé Philippines. In May, the San Miguel Brewing International (SMBIL) regional headquarters
2698-912: The company made its biggest overseas acquisition with the takeover of National Foods Ltd. , Australia's largest publicly traded dairy, which it bought for P80.38 billion. That was followed later in the year with its $ 420-million purchase of Singapore-based Del Monte Pacific Ltd., the region's largest pineapple canner. San Miguel merged National Foods' operation with Berri. In 2006, SMC sold its 65% stake in Coca-Cola Bottlers Philippines, Inc. (including its subsidiaries Cosmos Bottling and Philippine Beverage Partners) to The Coca-Cola Company (TCCC) for $ 590 million. In November 2007, SMC sold Boag's to Lion Nathan for A$ 325 million. The same month, SMC also sold National Foods to Kirin for ¥294 billion. In 2010, SMC acquired majority control of Petron Corporation . In April 2012, SMC bought
2769-621: The company opened the Royal Soft Drinks Plant in Manila producing Royal Tru , other Royal products and aerated water. (In 1919, the company acquired the Oriental Brewery and Ice Company and transformed the building into an ice plant and cold storage; later the Royal Soft Drinks Plant.). Five years later, the company secured the rights to bottle and distribute Coca-Cola in the Philippines. In 1925, San Miguel went into
2840-512: The company, however, required the dilution of family control. San Miguel became the first Filipino company to be jointly owned by many shareholders. To retain control, Soriano relied on alliances with his Róxas relatives and associates. Before World War II broke out, San Miguel built a glass factory in Paco and the Cebu Royal plant, its first installation outside Luzon . When the war reached
2911-399: The corporation). Ramón J. Fernández was elected president of the board of directors and Antonio Róxas y Gargollo (a son of Antonio Róxas) was elected vice-president. Soriano was elected president of the corporation, with Antonio Brías y Róxas as vice president. Eduardo Róxas y Gargollo (another son of Don Antonio Róxas) and Jacobo Zóbel y Róxas were appointed directors. Expanding and modernizing
PBL - Misplaced Pages Continue
2982-491: The early 1990s, but it acceded de facto control of the conglomerate to Soriano via a management contract with ANSCOR . Soriano continued the company's program of expansion, acquiring majority control of La Tondeña, Inc. , the leading producer of hard liquor in the Philippines, in 1987 and adding beef and pork production (Monterey Meats) to the company's food operations in 1988. Soriano embarked on an internationalization program, hoping to expand into other countries and mitigate
3053-532: The early-1980s. During the inaugural PABL tournament, 37 teams divided into four divisions from collegiate and commercial ranks participated in the tournament that was played in the historic Rizal Memorial Coliseum . De La Salle University emerged champion in the league's dry-run. Towards the end of 1983, 16 teams founded the PABL and the league held its first official tourney, the Founder's Cup. Arellano University
3124-523: The effects of the Philippines' unstable economy. He also wanted to head off encroaching competition from the world's biggest breweries, namely Anheuser-Busch and Miller of the United States, Kirin of Japan, and BSN of France. Soriano allocated $ 1 billion to a five-year strategic internationalization program that focused on shaping up domestic operations, then progressing to licensing and exporting, overseas production, and finally to distribution of non-beer products. A subsequent decentralization created
3195-508: The expansion of the business and Barretto decided to incorporate his brewery. On June 6, 1893, the company was incorporated and registered with a capital of P180,000. Those forming the corporation were Barretto, Pedro Pablo Róxas y Castro (an ancestor of the Zobel de Ayala family ), Gonzalo Tuasón y Patiño, Vicente D. Fernández y Castro, Albino Goyenechea, Benito Legarda y Tuáson and the heirs of Don Mariano Buenaventura y Chuidan. Pedro Pablo Róxas
3266-764: The family feud lay in the refusal of the Soriano management to share corporate information with Zóbel, particularly regarding contracts that SMC management was entering into with ANSCOR , a Soriano company. Soriano viewed his third cousin Zóbel as a rival, while Zóbel (in control as president of Ayala Corporation which then had nearly 20% of SMC) viewed Soriano (with about 7%) as mismanaging the company and engaging in sweetheart deals. Unable to oust Soriano, Zóbel sold his group's 19.5% stake to businessman Eduardo Cojuangco Jr. , an associate of then President Ferdinand Marcos . Cojuangco's Coconut Industry Investment Fund (a.k.a., United Coconut Planters Bank ) accumulated an additional 31% of SMC, giving him effective control of SMC and leaving
3337-415: The games were usually put on airtime slots. With ABS-CBN, the league initially forged a deal in 2003 as a blocktimer, then in 2004 renewed ties to make ABS-CBN Sports its official TV producer/coverer and Studio 23 its official carrying station of the games. DZSR Sports Radio 918 kHz , a government station, had been airing the PBL games on radio since the start of the PABL back in the mid-1980s. In 2002,
3408-711: The highest quality at the Exposición Regional de Filipinas. By 1896, San Miguel Beer was outselling by more than five-to-one all imported beers in the country. The 1900s ushered in a period of prosperity after the Philippine Revolution and the beginning of the American Occupation . Demand for beer increased, so San Miguel, still under Róxas' leadership, commenced modernization of their operations including installation of electric conveyors and automatic machines. The brewery's equipment
3479-458: The highly competitive climate of the time. The immediate goals upon assuming leadership were to ease the burden of the spiralling interest expense, pursue new strategic alliances to strengthen the business - particularly in the international arena - and strengthen its profitability and financial standing to position the company for new opportunities. Progress was made on reducing costs, improving productivity and generating cash flow. Having installed
3550-647: The ice cream business with the purchase of the Magnolia Plant on Calle Avilés which was transferred a year later to a new site on Calle Echague (now, C. Palanca Sr. Street) in Quiapo District , Manila . This new site used to house the Fábrica de Hielo de Manila was bought by San Miguel in 1924. To achieve greater self-sufficiency in its operations, the firm opened a new plant in 1930 to produce carbon dioxide for its soft drinks products, and dry ice for
3621-543: The league also gained a stable broadcast partner in Studio 23 (now S+A ). In 2007, PBL broke away from Studio 23 and signed an agreement with cable channel Basketball TV to broadcast the games. Chino Trinidad announced in March 2010 that he would be retiring as commissioner of the PBL and said he would be focusing his career as correspondent of GMA Network . Eventually, Trinidad left GMA in 2023. Through an agreement between
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#17327762484423692-470: The league opened its official website, myPBL.com, powered by E-Highway. In 2007, the website transferred to a new address at PhilippineBasketballLeague.org with the alternate address, PBL.org.ph. These sites are now defunct. The Philippine Basketball Association , the premier basketball league in the country, has a special relationship with the PBL; several teams in the PBL are owned by companies also having PBA teams (such as San Miguel Corporation 's PBL team
3763-414: The link to point directly to the intended article. Retrieved from " https://en.wikipedia.org/w/index.php?title=PBL&oldid=1187603010 " Category : Disambiguation pages Hidden categories: Short description is different from Wikidata All article disambiguation pages All disambiguation pages Philippine Basketball League The Philippine Basketball League (PBL)
3834-842: The original San Miguel Brewery buildings in San Miguel, Manila were demolished upon transfer of ownership to the Philippine Government, and became part of the Malacañang Palace grounds. The site became a park while some became part of the government complex (as the new executive building). In 1983, SMC sold its remaining minority interest in the Spanish company ( San Miguel, Fábricas de Cerveza y Malta, S.A. ). The Philippine and Spanish companies have been operated independently of one another. The Spanish company enjoyed success with San Miguel in its home market and throughout Europe. Soriano's administration also witnessed
3905-641: The pre-eminent men's professional basketball league in Russia Premier Badminton League , a badminton league in India with players from all over the world Other uses [ edit ] Performance-based logistics Peripheral blood lymphocyte Perverted by Language , an album by The Fall Peter Lewis (businessman) , an American businessman Phi Beta Lambda Philadelphia Belt Line Railroad Planetary boundary layer Policy Block List Polski Blok Ludowy ,
3976-580: The ready-to-eat meal sector and curtailed the operations of its shrimp farming business. By late 1997, the company was also beginning to feel the effects of the Asian economic crisis . Following the assumption of Joseph Estrada as President of the Philippines on June 30, 1998, Andrés Soriano III resigned in July 1998 and Eduardo M. Cojuangco Jr. was elected chairman of SMC. Francisco C. Eizmendi Jr. stayed as president and chief operating officer and Ramón S. Ang
4047-588: The refrigeration needs of its ice cream products. In 1932, a plant was set up to produce compressed yeast for bakeries and medical use. The following year, the company leased the Insular Ice Plant from the government for a period of ten years. During the 1930s, San Miguel began investing in businesses overseas. The company set up a short-lived dairy business in Calcutta, India and Singapore (Cold Storage Creameries, Singapore), and invested in breweries in
4118-590: The undisputed market leader in the Philippines' food industry, owning two-thirds of the refrigerated and processed meat market, and over a third of the poultry and feeds industries. For the next three years, SMC bought six companies in four neighbouring countries. Its first major acquisition was Australian boutique brewer J. Boag and Son for A$ 96 million in 2000. To further its aims as a business, SMC took in Japanese brewer Kirin Brewery Co. Ltd. , which acquired
4189-521: The wee hours of the morning. RPN also had a delayed telecast of Tuesday's second game, but this was moved to IBC-13 on Saturdays, until the season-ending 2008 Lipovitan Amino Sports Cup. The coverage eventually returned to RPN named as C/S 9. The telecast of the games were live but the other games were delayed subject to prior coverage of the games until 2010. Prior to BTV, previous broadcasters included ABS-CBN , People's Television Network , Silverstar Sports, Solar Sports and Vintage Television , as
4260-628: Was a commercial semi-professional basketball league in the Philippines . The league was composed of several commercial teams with several collegiate and provincial stars. The PBL was formed on May 6, 1983, a brainchild of San Miguel Corporation chairman Danding Cojuangco , under its original name the Philippine Amateur Basketball League (PABL). It was the successor of the defunct Manila Industrial and Commercial Athletic Association (MICAA), which folded during
4331-512: Was a separate, independent company that had exclusive rights to use the San Miguel brand in Europe. In 1963, the company's name was changed to San Miguel Corporation (SMC) and moved to a new head office along Ayala Avenue in Makati . Andrés Soriano died on December 30, 1964. At the time of his death, Soriano had parlayed his family's vast San Miguel fortune into mining , dairies , factories,
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#17327762484424402-458: Was appointed manager, playing a prominent role in the development of the firm. He was the most active member of the firm until 1896, when he left for Europe. Prior to his departure, he acquired some of Barretto's shares in the company worth ₱42,000. After Barretto retired in May 1896, Róxas acquired the rest of Barretto's stake in the business. In 1895, San Miguel Beer won its first award as a product of
4473-469: Was appointed president, with Enrique Brías de Coya and Ramón J. Fernández as managers. By 1914, San Miguel began to export, with its products finding ready markets in Hong Kong, Shanghai and Guam. When the First World War broke out, exports came to a temporary halt due to difficulties such as shortage of raw materials and the consequent rise in manufacturing costs. It was not until Prohibition
4544-444: Was credited with instituting modern management, including decentralization along product lines. The Mandaue , Cebu complex was inaugurated in 1967 – its brewery and glass plant commenced operations a year later. Soriano Jr. continued to diversify the food business, building an ice cream plant in 1970 and expanding into poultry production in 1973 (it later added shrimp processing and freezing in 1984). By 1973, SMC sales exceeded
4615-478: Was elected vice-chairman in January 1999. Ang was appointed president and chief operating officer following the retirement of Eizmendi in 2002. Confronted by greater competitive pressures as a result of the 1997 financial crisis, the pace of change quickened for San Miguel upon Cojuangco's return. Amid an extremely difficult operating environment, working toward configuring the corporation to have better response to
4686-461: Was fully modernised by 1910. By 1913, imported beer represented only 12% of the total consumption in the Philippines; San Miguel held an 88% share of the industry. Róxas died in Paris in 1913. Soon after, Benito Legarda and Gonzalo Tuasón made it advisable to change the form of the company from a firm of co-participants to a corporation ( San Miguel Brewery, Inc. ). Róxas's son, Antonio Róxas de Ayala,
4757-561: Was located, San Miguel, Manila . The facility had two sections: one devoted to the production of ice with a daily capacity of 5 tons, and the other to beer production. The brewery was the first in Southeast Asia to use modern equipment and facilities. With 70 employees, the plant produced 3,600 hectolitres (about 47,000 cases) of lager beer during the first year and subsequently produced other types of beer, notably Cerveza Negra, Eagle Extra Stout and Doble Bock. Early success led to
4828-552: Was merged into the Australia-based Coca-Cola Amatil Ltd. (CCA). In effect, SMC exchanged its 70-percent interest in a Philippine-only operation for a 25-percent stake in CCA, which had operations in 17 countries. CCA soon demerged the latter operations into a UK-based firm called Coca-Cola Beverages plc (resulting in a reduction of SMC's stake in CCA to 22 percent). From 1995 through 1997, SMC suffered
4899-444: Was repealed in the United States that San Miguel was able to resume exports to Guam and later to Honolulu . By the end of 1914, Enrique Brías, after seeing that his efforts and industry had resulted in a progressive and prosperous business, retired from active business life in favour of his son, Antonio Brías y Róxas. In 1918, Antonio Róxas resigned from his position as president. Andrés Soriano (a grandson of Pedro Pablo Róxas and
4970-589: Was the champion of the tournament. During their second year in 1984, three PABL tournaments were held: the Ambassador's Cup won by Development Bank of Rizal, the President's Cup and the Invitationals, the two latter won by ESQ Marketing. In 1985, the PABL scored a big breakthrough. Faced with an economic crisis, the league was able to get the sponsorship of San Miguel Corporation . Eighteen teams joined
5041-506: Was transferred from Hong Kong to Manila and to reduce overhead expenses, the employees of SMBIL were repatriated. The group-wide logistics and purchasing functions were realigned at the corporate level. The food, liquor and international operations were recapitalized. Metro Bottled Water Corporation, manufacturer of Wilkins Distilled Water, was acquired. In February 2001, SMC re-acquired control of Coca-Cola Bottlers Philippines, Inc. Shortly after, SMC acquired Pure Foods Corporation , becoming
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