FACT CHECK: No, Ramon Ang Is Not Behind a Government-Backed Investment Promising P175K a Week
By Favoredjane
Claim: A Facebook ad claims that San Miguel Corporation (SMC) chairman and CEO Ramon Ang is backing a joint investment project with the government that guarantees Filipinos up to ₱175,000 per week, with an initial investment of just ₱15,000.
Rating: ❌ False
Why it matters: The ad, posted by a Facebook page called “The News Network” on April 25, has garnered over 400 reactions and multiple shares. It falsely claims to be affiliated with media giant ABS-CBN and features a doctored video of Ang supposedly endorsing the scheme.
The ad uses the caption: “₱175,000 a week with no experience? How 10,000 Filipinos have already skimmed the cream off Ramon Ang’s project — and why are banks against it?” It also includes misleading text claiming, “A government investment platform guarantees an income of ₱175,000 per week.”
The facts:
- There is no legitimate investment plan involving Ramon Ang, the Philippine government, and a guaranteed weekly payout.
- San Miguel Corporation has not announced or endorsed any such program.
- The video used in the ad appears to be manipulated or taken out of context.
- Government-backed investment platforms do not promise fixed, high-yield returns, and such claims are a common hallmark of online scams.
Bottom line:
This ad is fake and potentially fraudulent. Always verify investment offers through official company statements and government regulatory sites like the Securities and Exchange Commission (SEC).rs through official company statements and government regulatory sites like the Securities and Exchange Commission (SEC).
