NU President and CEO Renato Carlos H. Ermita, Jr. National University (NU), the education arm of Sy-led SM Investments Corp. (SMIC), opened two new campuses in Cebu and Las Piñas within SM properties, bringing its total campus count to 14 in its 125th year. In a statement, SMIC said this...
Renewable energy (RE) infrastructure, particularly those focused on transmission and distribution, is poised to be the country’s most lucrative investment magnet in the near future. HSBC Hong Kong Global Financing Solutions Director Max Thomas had this to say, as he noted that the...
SMIC President and CEO Frederic C. DyBuncio SM Investments Corp. (SMIC), the Sy family’s flagship, is considering launching its data center business in Batangas but is still waiting for better timing since foreign hyperscalers are still not too keen on setting up shop in the Philippines. In...
Manuel V. Pangilinan-led First Pacific Co. Ltd. is directly investing ₱726.29 million in Maynilad Water Services Inc. through its ₱49 billion initial public offering (IPO) to offset a small portion of the dilution in the stake of subsidiary Metro Pacific Investments Corp. (MPIC). In a...
SM Investments Corp. (SMIC), the flagship of the Sy-led SM Group, is optimistic about the Philippines’ growth momentum, reaffirming its commitment to the economy’s future. In recent interviews on CNBC and Bloomberg, SM Executive Vice President for Treasury, Finance, and Planning Erwin G. Pato...
The Department of Trade and Industry (DTI) said it currently has an investment pipeline worth over $76 billion or around ₱4 trillion, strengthening the country’s position as a top destination for foreign investments in 2025. Spearheaded by the DTI’s Foreign Trade Service Corps (FTSC), the...
Metro Pacific Investments Corp. (MPIC) is aiming to seal a deal to sell about 20 percent of subsidiary Metro Pacific Tollways Corp. to a foreign strategic investor in the next two months. In an interview, MPIC Chairman, President and CEO Manuel V. Pangilinan said they have whittled the number of...
Pangilinan-led Metro Pacific Investments Corporation (MPIC) is investing ₱116.15 billion for capital expenditures this year as it expects its 2025 earnings to exceed the record performance in 2024. In a press briefing, MPIC Chief Finance, Risk, and Sustainability Officer Chaye Cabal-Revilla said...
Germany-based Glenwood GmbH has opened a pioneering facility aimed at supporting pharmaceutical companies globally, becoming the first pharmaceutical services project in the country, according to the Board of Investments (BOI). Glenwood Services Philippines Inc. (GSPI), a subsidiary of...
The Board of Investments (BOI) is looking to strengthen the Philippines’ trade relations with Canada, particularly in the critical minerals sector, as both nations explore the prospect of a potential free trade agreement (FTA). In a statement on Friday, March 7, the BOI said it engaged...
Erwin G. Pato, Executive Vice President for Treasury, Finance, and Planning at SM Investments SM Investments Corp., the flagship of the Sy family’s SM Group, reported that it continues to strengthen its market leadership with sustained growth across key sectors, including retail, banking,...
SM Investments Corporation (SMIC), the flagship of the Sy family, expects 2025 to be another banner year, following its record performance in 2023 and 2024, on the back of the strength of its core businesses and portfolio investments. “We continue to be cautiously optimistic for 2025. We believe...
