San Miguel Corporation is the largest publicly listed food, beverage and packaging company in the Philippines. As of 2001, its business generated 3.6 percent of the Philippines’ gross domestic product and 4.5 percent of the government’s tax revenue.
Founded in 1890 as a brewery, San Miguel now makes 9 out of every 10 bottles of beer, 87 percent of soft drinks, 60 percent of processed meat and 40 percent of poultry sold in the Philippines. The company has over 100 facilities in the Philippines, Southeast Asia, China, and Australia. Its major operating facilities include five breweries, four glass plants, two metal closure and lithography plants, two plastic case plants, and a coconut oil mill. San Miguel is one of the Philippines’ biggest private employers, with over 25,900 employees.
Recently, the World Bank funded a bypass road that will connect an upland barangay to a coastal village in this town will start construction early this year. The P170 million road network construction will cover 16 kilometers of barangays San Antonio and Saysain in the town and it will be linked to the 40-kilometer Mariveles-Bagac Road. The road construction project is under the Philippine Rural Development Program.
Bagac is famous for its beautiful sandy beaches adjacent to the West Philippines Sea. This municipality was cited by the leaders of the 21-member economies when the Asia-Pacific Economic Cooperation held its meeting here, June 9 – 12 of last year.