SMC seen to recoup forex - TopicsExpress

SMC seen to recoup forex losses business.inquirer.net/151389/smc-seen-to-recoup-forex-losses LONDON—Conglomerate San Miguel Corp. expects to return to profitability and reverse its foreign exchange losses in 2013 as the peso continues to strengthen against the US dollar. At the same time, its lead shareholder Top Frontier Investment Holdings is now scouting for investment opportunities, including those in coal mining, SMC president Ramon S. Ang said.

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