The Philippine food and drink group San Miguel Corp has indicated that it is considering expanding outside its traditional region of Asia Pacific.
The disclosure came to clarify reports in loal newspapers that the company was looking at expanding its business in US and Australia.

A statement said: "The company confirms that in line with its expansion program, it is studying investment opportunities not only in the Asia Pacific but even in other countries.

"We will make the appropriate disclosure when definitive agreements are entered into," San Miguel said.