SM Investments Corporation (SMIC), the flagship of the Sy family, has been named among the leaders in transparency and reporting during the recently concluded 2024 Philippines Women's Empowerment Principles (WEPs) Awards of the United Nations (UN). During the announcement of winners on Nov....
Foreign portfolio investments registered with the Bangko Sentral ng Pilipinas (BSP) reversed to a net outflow of $529.68 million in October, compared to September's net inflow of $1.025 billion as investors sold securities to lock in gains. The October net outflow is the largest this year,...
Sy-led SM Investments Corporation, through SM Store and SM Retail, has partnered with Mastercard and SM Foundation to launch a new initiative aimed at empowering Filipino students pursuing careers in Science, Technology, Engineering, and Mathematics (STEM). In a statement, the conglomerate said...
Sy family flagship SM Investments Corporation (SMIC) bagged titles of Asia’s Most Influential Companies and Top Sustainability Advocates in Asia at the Asia Corporate Excellence and Sustainability Awards 2024 (ACES). “We are grateful for the recognition and are inspired to continue to work even...
Buhawind Energy Philippines (BEP) has been awarded the green lane certification by the Board of Investments (BOI) for its three offshore wind power projects with a combined target capacity of 4,000 gigawatts (GW). In a statement on Wednesday, Nov. 20, the BOI said the certification was granted due...
iPeople inc., a joint venture between the Yuchengcos’ House of Investments and the Zobels’ Ayala Corporation, reported a 10 percent growth in enrollment for the school year 2024-2025, resulting in a 54 percent jump in attributable profits in the first nine months of 2024. In a disclosure to the...
SM Investments Corp. has secured its 16th consecutive Platinum Award for outstanding environmental, social, and governance (ESG) performance from The Asset Publishing and Research Ltd. SM Investments also received recognition for "Best Sustainability Team" and "Best Investor Relations Team” from...
Philippine Airlines (PAL) will be equipping its aircraft with locally-made main cabin seats produced by Collins Aerospace, marking the first time the flag carrier will use Filipino-made seating. In a statement on Friday, Nov. 15, the Board of Investments (BOI) said this milestone between PAL and...
The Philippines posted a surge in foreign investment in the third quarter of 2024, reflecting growing confidence in the country's manufacturing sector and overall economic prospects. The Philippine Statistics Authority (PSA) reported that the total approved foreign investments (FI) reached P146.75...
SM Investments Corporation, the flagship of the Sy family, reported a nine percent growth in consolidated net income to P60.9 billion in the first nine months of 2024 from P55.9 billion in the same period last year on stronger earnings of its banking and property units. In a disclosure to the...
While still ironing out some kinks, Maynilad Water Services Inc. is committed to launching its initial public offering (IPO), estimated at $1 billion, within 2025, and will file its application with regulators by the first quarter. “Yes, we are poised to list next year. Our target is to be...
SM Prime Holdings Inc., the property arm of the SM Group, has achieved LEED Gold certification for seven of its properties as of 2024. In a statement, the firm said it continues to pursue green certification for its other properties to address climate change and enhance disaster resilience. The...
