MANILA (June 14): Largest Philippine company will take a look at opportunities in Malaysia, particularly in the power business and further expansion in oil, San Miguel President Ramon Ang tells reporters after company’s stockholders meeting.

* Group’s capex budget from 2017 to 2020 at 742b pesos, which includes spending for as many as 6 breweries that will cost $250m each

* It is also putting up a plant that will produce Spam luncheon meat for export to the region and for local market under a venture agreement with Hormel

* NOTE: Peso at 12-Year Low ‘No Problem’ for San Miguel’s Debt, Ang Says