19 APRIL 2010
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The San Miguel Corporation has acquired a majority stake in the Caticlan International Airport Development Corporation. Caticlan Airport was formerly known as Godofredo P Ramos Airport. The development will upgrade the airport and allow jet operations to begin. Caticlan is near to the tourist island of Boracay in the Philippines. San Miguel is most famously known for brewing but has been diversifying into other industries such as oil refining, power, mining and telecommunications. San Miguel has also stated it would like to have more interest in airport terminals and even a high speed railway.
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