Foreign direct investments (FDI), characterized by long-term commitments and the creation of job opportunities for Filipinos, are projected to reach $9.5 billion this year. Based on the latest projections by the Bangko Sentral ng Pilipinas (BSP), the initial forecast of $9 billion for the...
The Board of Investments (BOI) has committed to tackling the persistent challenges faced by local and foreign investors in the country through enhanced policy alignment and increased collaboration among government agencies. In a statement on Wednesday, July 3, Bobby G. Fondevilla, BOI executive...
Just a few short years after the first SM mall opened its doors, its founder Henry Sy, Sr.’s vision extended beyond one establishment. The chain of malls would come later. When SM City North EDSA opened in 1985, the vision was clear: people’s access to products is important but Filipinos’...
Singapore-headquartered Nexif Ratch Energy Investments Pte. Ltd. (NREI) has secured "green lane" certification from the Board of Investments (BOI) that will streamline the permitting processes for its wind and solar projects in the Philippines. According to the company, the green lane endorsement...
The P4.8 billion Pampang hydroelectric power project of FDC Renewables Corporation of the Filinvest group, which has an installed capacity of 33.4 megawatts, had been granted with ‘green lane certificate of endorsement’, based on the approval accorded by the Board of Investments. With the...
SM Advantage Card (SMAC), the country’s biggest retail rewards system, doubled its loyalty base from five million in 2020 to reaching over 10 million members to date as it continues to reach more customers. In a statement, SM Investments Corporation said it has been reinforcing its...
The Board of Investments (BOI) reported that the total value of investments granted green lane certifications has surpassed P2 trillion. Data from the One-Stop Action Center for Strategic Investments (OSAC-SI) showed that 74 projects amounting to P2.32 trillion have been certified as of June 20,...
Diversified conglomerate San Miguel Corporation emerged as the leader among 38 Philippine firms in terms of revenues and as the only one among the top 10 in the first Fortune Southeast Asia 500 list. “The Fortune Southeast Asia 500 debuts right as global business is starting...
The Board of Investments (BOI) approved P640.22 billion worth of investments for the first five months of this year, led by domestic investments and continuous projects in the renewable energy (RE) sector. This year’s end-May investment figure was 14 percent higher than the P562.90 billion...
While the coverage of its sustainability program is very broad, SM Investments Corporation (SMIC), the holding company of the SM Group, is putting more emphasis on projects that have the greatest impact on people and the environment through a more practical approach. Acknowledging the critical role...
SM Hotels and Conventions Corporation (SMHCC), a member of the SM Group under SM Prime Holdings Inc., is opening 1,700 new hotel rooms in the next four years, largely in the provincial areas to serve the growing local tourism industry. In a statement, SM Hotels said it is adding over 1,400 hotel...
The Sy family’s flagship SM Investments Corporation has been recognized by Hong Kong-based magazine Alpha Southeast Asia as the best company in the Philippines with the Strongest Adherence to Corporate Governance. Given during the magazine’s 14th Institutional Investor Corporate Awards, this...
