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SCG reports P5.856B H1 net profit

11:14 a.m. September 4, 2024

SCG recently announced its operating results for Q2/2024, reporting a surge in its second-quarter profit, buoyed by economic upturns in Vietnam and Indonesia. 

The company is implementing strategies to counter domestic economic headwinds and global uncertainties, including cost-cutting measures, AI integration, and a push into low-carbon cement.

 Thammasak Sethaudom, SCG President and CEO, revealed that total revenue for Q2 reached P202.456 billion (US$ 3.542 billion), a three percent quarter-on-quarter increase. 

Thammasak Sethaudom, SCG President and CEO

Net profit surged by 53 percent to P5.856 billion (US$ 102 million) during the same period.

 For the first half of the year, SCG generated a total revenue of P398.707 billion (US$ 6.976 billion), nearly matching the previous year’s figures. 

The company’s revenue streams were diversified across its business units, with SCG Chemicals contributing the most significant portion at 39 percent.

 Despite facing headwinds such as the petrochemical downturn, intense competition, and a sluggish domestic economy, SCG has managed to sustain its growth trajectory through a series of strategic initiatives.

 To mitigate rising energy costs, the company has boosted alternative fuel use in its cement operations, achieving a 47% utilization rate in Thailand. SCG also focuses on high-growth segments like solar energy solutions and has invested in technology to optimize its supply chain and distribution network.

 Furthermore, the company has leveraged artificial intelligence to enhance operational efficiency by tailoring its product offerings to meet customer needs, such as CPAC’s compact concrete mixer trucks designed for urban construction.

 SCG had robust sales in the first half of 2024, with new products and green initiatives contributing significantly to its overall performance. High-value-added products and services accounted for 39 percent of total sales, while environmentally friendly products under the SCG Green Choice brand made up 54 percent. The company also saw strong growth in its overseas operations, with 44 percent of total revenue generated outside Thailand.

 By the second quarter, SCG had a strong financial performance, driven by robust economic recovery in Vietnam and Indonesia. However, the company cautioned that the overall economic landscape remains challenging, particularly in Thailand, where recovery has been slower.

 To navigate these conditions, SCG has built up a substantial cash reserve of 124,616 Million PHP (US$ 2,180 million) and focuses on innovative solutions to meet customer needs. The company is also capitalizing on infrastructure development in Indonesia and Vietnam, where government spending is on the rise.

 SCG is ramping up its global presence and product offerings. The company is aggressively promoting its Low Carbon Cement, with exports to the US surpassing 1 million tons. Expansion into Vietnam and Australia is underway. In addition to cement, SCG is diversifying its portfolio. Its distribution arm, SCG Distribution and Retail, is expanding its retail footprint in ASEAN, with Mitra10 leading the charge. SCG Smart Living is introducing new landscape materials and HVAC systems.

 The company is also making significant strides in the construction materials sector, with a focus on high-value products and expanding into new markets like India. SCG Chemicals is recovering from plant disruptions but faces industry challenges. To mitigate risks, the company is investing in green innovations and plastic recycling. The upcoming Long Son Petrochemicals project is a key growth driver.

 SCG Packaging is expanding its capacity to meet rising demand, especially in tourism and services. The company is also venturing into medical supplies and labware. SCG Cleanergy is focusing on solar energy solutions and energy storage.

 Despite economic challenges, SCG’s ASEAN operations have shown strong growth, driven by the recovery in Vietnam. The company continues to invest in research and development, with a focus on sustainability and innovation.

 SCG’s commitment to the local market is evident through initiatives like the NATCON-CONEX 2024 exhibition and dealer appreciation programs. The company is poised to capitalize on growth opportunities in the ASEAN region and beyond.

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Gregorio: Hosting international meets catalyst for local grassroots sports programs

10:19 a.m. June 28, 2026

NOT only does it boost local tourism, staging international meets such as the 11th Asia-Oceania Sambo Championships presented by the Philippine Sports Commission serves as a catalyst for the country’s grassroots development programs, according to PSC Chairman Patrick Gregorio.

“We have at least 40 local athletes here. If we sent them all to Europe and South America for competitions abroad, the PSC won’t be able to justify it,” said Gregorio during the press conference the other day in  tribute to newcomer Sophia Nicole Novino, who was the country’s first silver medalist in the tough continental meet.

“This (result) justifies what we are trying to do. Yung kalaban ni Sophia world-ranked pala,”  noted the PSC chief, referring to Kazakhstan’s Karakat Rakhybay, who was forced to work hard before pulling off a 3-1 win over the Pinay rookie in the women’s youth -47kg finals.

“These are eye-openers for us. This is the beauty of what we are trying to do. Sinsasala nating kaagad ng ating mga athletes by giving them the opportunities to go up against the world best as in sambo,” Gregorio stressed.

“So we are thankful to the Pilipinas Sambo Federation and its president Paolo Tancotian for the hosting of the 11th Asia-Oceania Sambo Championships for exposing our young athletes to world-class level of play,” he added in tribute of the sambo head, who was also present during the briefing.

Gregorio, who also heads the National Sports Tourism Interagency Committee, pointed out that “if we see the potential and promise of a sport and its athletes, they are much easier to support like sambo.”

For her part, Novino, 17, a varsity judoka and incoming Grade 12 student at UE, disclosed that having savored initial success in  a major international sambo meet “gusto ko po mag-devote more time sa sport kasi sa opportunities na maaring ibigay nito para sa akin.”

Tancontian disclosed that he received nothing but praises from International Sambo Federation and Sambo Union of Asia and Oceania officials plus majority of the participating foreign contingents  for how well-run the competition was.

“We have been made the example by the International Sambo Federation and Sambo Union of Asia and Oceania in how to run a competition properly. Bilib na bilib sila,” Tancontian said with pride.

“More than 15 foreign squads personally thanked and congratulated yours truly for the first-class treatment they had received from the moment they arrived at the airport, to the hotel and, of course, our excellent venue, the Ninoy Aquino Stadium,” he noted.

“We are being talked about in the sambo world. All eyes are on the Philippines,” Tancontian added. “This is more than what I could dream for and the federation thanks the PSC for making it happen.”

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San Ildefonso, Ilocos Sur forms task force against illicit cigarette trade

6:54 p.m. June 26, 2026

The Municipality of San Ildefonso in Ilocos Sur has established a dedicated anti-contraband task force to strengthen local enforcement against illicit and smuggled cigarettes, becoming one of the latest local government units to institutionalize anti-illicit trade measures at the community level.

Mayor Amante “Tito” Purisima II issued Executive Order No. 23, Series of 2026, creating the San Ildefonso Anti-Contraband Task Force (SIACTF), a multi-agency body tasked with coordinating inspections, investigations, public awareness campaigns, and enforcement activities against illicit tobacco products.

The task force will be composed of local government officials and representatives from key offices, and is authorized to coordinate with national agencies such as the Philippine National Police (PNP), Bureau of Internal Revenue (BIR), and Bureau of Customs (BOC) in carrying out inspections, intelligence-sharing activities, confiscation operations, and legal actions against violators.

Under the executive order, businesses selling cigarettes in San Ildefonso are required to maintain supplier records, ensure products bear lawful BIR tax stamps, allow inspections by authorized officers, and report suspicious suppliers or undocumented cigarette products. Violators may face permit suspension or revocation, closure of establishments, and criminal or administrative charges.

“We want to ensure that legitimate businesses are protected, taxes are properly collected, and illicit products do not find a place in our municipality,” Purisima said following the issuance of the order.

The move comes shortly after the International Tobacco Summit organized by the National Tobacco Administration (NTA) and the Department of Agriculture (DA), where government officials, local leaders, farmers, and industry stakeholders called for stronger coordination among national agencies, local governments, and enforcement bodies to address illicit tobacco trade.

Participants in the summit emphasized that illicit trade can no longer be viewed solely as a customs or law enforcement concern, but as an issue with implications for government revenues, legitimate businesses, agricultural communities, and local governance.

The executive order comes as the national government intensifies its campaign against illicit tobacco and smuggling, following repeated directives from President Ferdinand Marcos Jr. to strengthen enforcement against illicit trade and economic sabotage. Recent estimates have placed government revenue losses from illicit tobacco and vape products at approximately ₱141 billion over the past two years.

During the summit, Interior and Local Government Secretary Jonvic Remulla warned that illicit tobacco trade had become deeply entrenched because of corruption and weak enforcement, and urged stronger coordination among government agencies and local authorities to address the problem.

San Ildefonso’s initiative follows similar actions by other local government units, including Mariveles, Bataan, which earlier established a comprehensive anti-illicit trade program. Policymakers in other areas, including Davao City, are likewise considering anti-illicit trade ordinances and dedicated enforcement mechanisms.

The executive order also directs the municipal government to conduct information campaigns in barangays, organize community orientations, and establish complaint and reporting mechanisms to encourage public participation in anti-smuggling efforts.

Stakeholders say local government participation remains critical to the national anti-illicit trade campaign and enabling an “all-government” approach in addressing illicit tobacco trade, as LGUs are often best positioned to monitor establishments, detect violations, and support enforcement efforts on the ground.

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Zamboanga relinquishes ONE Atomweight MMA world title, welcomes motherhood

2:23 p.m. June 24, 2026

Denice “The Menace” Zamboanga has relinquished the ONE Women’s Atomweight MMA World Championship.

In a social media post on Tuesday, the first Filipina MMA World Champion announced her decision to vacate the throne after welcoming her first child with husband Fritz “Kid Tornado” Biagtan. 

Out of respect for the division, she gave up the belt to allow contenders to pursue the title while she steps back to embrace motherhood. 

“God has always had a beautiful plan for my life, and I trust His timing in everything. After much prayer and reflection, I have made the difficult decision to vacate my ONE Women’s Atomweight MMA World Championship,” Zamboanga wrote. 

“This was not an easy choice, but I believe it is the right one for this season of my life and for the athletes in my division who continue to chase their dreams,” she added. 

The 29-year-old Quezon City native has a 12-2 professional record, and is 7-2 in ONE Championship. 

Zamboanga arrived at ONE in 2019 and quickly proved she belonged on the global stage. She rattled off three straight wins to open her promotional run, defeating Jihin “Shadow Cat” Radzuan, Mei “V.V” Yamaguchi, and Watsapinya “Dream Girl” Kaewkhong.

The path forward then took a detour. Zamboanga suffered back-to-back defeats to South Korea’s Ham Seo Hee at ONE: Empower in 2021 and ONE X in 2022, respectively. Refusing to let the setbacks define her, she rebuilt herself from the ground up, returning a sharper and more dangerous version of herself. 

The bounce-back was immediate and convincing. Zamboanga strung together three consecutive victories over “MMA Sister” Lin Heqin, Julie Mezabarba, and Noelle “Lil’ Monkey” Grandjean, earning her way back to the top of the atomweight division and into contention for gold.

With a long-awaited showdown against then-ONE Women’s Atomweight MMA World Champion and former teammate Stamp Fairtex derailed by the Thai’s knee injury, Zamboanga was given an opportunity to challenge for the ONE Interim Women’s Atomweight MMA World Title.

At ONE Fight Night 27 in January 2025, Zamboanga met Ukraine’s Alyona Rassohyna with a lifelong dream within reach. She ultimately stopped Rassohyna in the second round via TKO, earning the interim belt and a US$50,000 performance bonus in the process. 

The monumental victory etched her name permanently in the Philippine MMA history books, a triumph earned through years of delays and heartbreak. 

Four months later, Zamboanga was elevated to undisputed ONE Women’s Atomweight MMA World Champion when Stamp suffered a setback in her knee rehabilitation in May 2025 and relinquished the lineal belt. 

Zamboanga was slated to make her first World Title defense against Japan’s Ayaka “Zombie” Miura at ONE 173 last November at Ariake Arena in Tokyo. Medical concerns, which have since come to light as her pregnancy, forced her withdrawal.

The Filipina, however, made it clear she is not retiring. Zamboanga is turning her full attention to the most meaningful journey of her life, vowing to return when the time is right. 

“While I am stepping away from the title, I am not stepping away from the sport I love. Fighting has shaped who I am, and the warrior in me will always remain,” Zamboanga said. 

“Right now, my heart and focus are devoted to the greatest blessing God has entrusted to me. This season is teaching me that there are victories beyond championship belts, and I am embracing every moment of it with gratitude. This is not the end of my story. It’s simply a new chapter,” she concluded.

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