Instead of preparing to divest its stake in Metro Pacific Investments Corporation (MPIC), the Government Service Insurance System (GSIS) has been buying more shares to increase its stake in the conglomerate—enough to derail the management-led tender offer and delisting plan. In a disclosure to...
Metro Pacific Investments Corporation (MPIC) is tapping its new partner Hartasuma Sdn Bhd of Malaysia not just as supplier for its railway project but also to jointly explore the viability of other modes of transportation, such as cable car and monorail systems. In a media briefing after the formal...
SM Investments Corporation (SMIC), the Sy family’s flagship and one of the leading conglomerates in the country, continues to provide growth opportunities to its micro, small and medium enterprise (MSME) partners across its core businesses of retail, property, and banking. In a statement, the...
SM Investments Corporation (SMIC) has confirmed that the planned $1-billion initial public offering (IPO) of real estate SM Prime Holdings Inc., one of the largest integrated real estate companies in Southeast Asia, will be moved to 2024 instead of later this year. During the investor conference...
Digital Advantage Corporation, SM Investments Corporation’s subsidiary managing the SM Advantage Card, now has 4,000 partner stores in the conglomerate’s ecosystem of retail businesses nationwide. From left to right: Roberto Claudio Sr., President, Philippine Retailers Association (PRA);...
SM Investments Corporation (SM Investments), the Sy family’s flagship and one of the leading conglomerates in the Philippines, won a Stevie at the 20th Annual International Business Awards. In a statement, the firm said it bagged the Stevie Award as Bronze Winner for the Best Annual Report –...
While some bargain hunting may be seen this week at the stock market, sentiment will continue to be weighed down by slower economic growth, inflationary pressures, and the start of the Chinese ghost festival. “With our second quarter Real Gross Domestic Product growth coming in below...
Most of the Philippines’ 50 Richest on the Forbes Magazine list continue to increase their wealth with three newcomers on the list as the fortunes of the Gotianun, Yuchengco, and Lopez families have been passed on to the next generation. The combined wealth of tycoons on the 2023 Forbes list of...
2GO Group Inc., one of the country’s largest sea travel transportation solutions providers and a part of the Sy family’s SM Investments Corporation, has recently been accredited by the Department of Tourism (DOT) as a Tourism Water Transport Operator and Tourism Water Vessel. In a statement,...
SM Investments Corporation (SM Investments), the flagship of the Sy family, reported a 32 percent growth in its consolidated net income to P36.5 billion in the first half of 2023 from P27.7 billion in the same period last year. In a disclosure to the Philippine Stock Exchange, the firm said...
Ampleon, the world’s third largest radio frequency (RF) power products manufacturer based The Netherlands, is exploring the country’s tax incentives regime to help them grow their existing business in Laguna. A BOI statement released Friday, Aug. 4, said the company based in Nijmegen, The...
The Board of Investments (BOI) has issued Green Lane Certificates to P183 billion worth of investments from four sustainable projects, ranging from floating solar projects to data centers and common towers. BOI Managing Head Ceferino S. Rodolfo identified these strategic investments to include the...
