The SM Group recognizes agriculture as one of the major sectors in the country with over 10 million individuals in the industry and that its support of the sector leads to improved livelihoods, food security and a stronger economy. Through food retail affiliate and community shopping mall...
The Philippines has slipped by one notch in terms of attractiveness to foreign investors among emerging economies, according to a report by global consultancy firm Kearney. In Kearney's 2024 Foreign Direct Investment (FDI) Confidence Index for emerging markets, the Philippines now...
Several efforts have been undertaken, particularly by big businesses, as calls for inclusiveness and diversity mount not just in the global arena but locally, as well. One of the Philippine conglomerates that take to heart this effort is the SM Group, which business interests span across multiple...
The Sy family’s flagship SM Investments Corporation (SMIC) has come in as a strategic partner in Citicore Energy REIT Corporation (CREIT) with the acquisition of a 28.79 percent stake for P5 billion from shareholders led by billionaire Edgar Saavedra. In a disclosure to the Philippine Stock...
(Usplash) The Philippines must "strike while the iron is hot" in terms of making the country more attractive to foreign investors. Thus, said House Deputy Majority Leader Tingog Party-list Rep. Jude Acidre as he underscored in a press...
The Philippines may become a $2 trillion economy in the next decade should reforms on education, infrastructure, renewable energy, among others, are sustained, the head of the World Economic Forum (WEF) said. In a briefing on Tuesday, March 19, Børge Brende, WEF president, said that they are...
Maynilad Water Services, Inc., a subsidiary of Metro Pacific Investments Corporation (MPIC), in partnership with DMCI Holdings and Marubeni Corporation, is planning to issue bonds worth up to P15 billion. Philippine Rating Services Corporation (PhilRatings) said it has assigned the highest Issue...
SMIC expansion to focus more outside NCR By James A. Loyola The Sy family’s flagship SM Investments Corporation (SMIC) is increasing its focus on the countryside as it continues to see potential for regional development and targeted high growth sectors. In a statement, the firm said...
Countryside Investments Holdings Corporation (Countryside), a company wholly owned by Leandro Leviste, is investing over P5 billion to help propel the development of rural Batangas. In a statement, Leviste said this will be done in partnership with his renewable energy firm Solar Philippines Power...
Despite a strong 29.9 percent increase in foreign direct investment (FDI) in December 2023, the country’s full-year 2023 FDI net inflows reached only $8.9 billion, a 6.6 percent decline, from the $9.5 billion net inflows recorded in 2022, data from the Bangko Sentral ng Pilipinas (BSP)...
President Ferdinand "Bongbong" Marcos Jr. (Noel Pabalate/ MANILA BULLETIN)) President Marcos has proven himself to be "best salesman" of the Philippines based on the investment pledges he has collected from his trips abroad. Thus, said Senior...
House Speaker Martin Romualdez (left), President Ferdinand "Bongbong" Marcos Jr. (Speaker’s office) President Marcos' relentless efforts to woo foreign investors are beginning to bear fruit, House Speaker Martin Romualdez said on Sunday,...
