SM Investments Corp. and its major subsidiaries clinched a combined 24 awards at the 16th Asian Excellence Awards. The parent company bagged eight distinctions from Hong Kong-based publication Corporate Governance, including the Sustainable Asia Award, Asia’s Best CSR, Best Corporate...
Sy-led SM Investments Corp. (SMIC) maintained its top-tier credit rating for its ₱7.5 billion outstanding fixed-rate bonds as robust earnings and aggressive expansion in its retail, banking, and property units shore up its financial stability. Philippine Rating Services Corp. (PhilRatings) kept...
Passing the torch in a family-run enterprise is an intricate dance of preserving legacy while allowing room for disruptive innovation; it is never just about changing signatures on corporate bylaws. In the Philippines, family-controlled empires are the bedrock of the economy, and as a generation of...
The Sy family’s SM Investments Corp. (SMIC) and BDO Unibank Inc. led the seven largest Philippine public companies in the Forbes Global 2000 ranking for 2026. For the 24th year, Forbes’ Global 2000 ranked the largest public companies in the world using four metrics—sales, profits, assets, and...
Forty-two Philippine companies earned spots on the third annual Fortune Southeast Asia 500 ranking, driven by strong performances from the country’s largest family-led conglomerates and financial institutions. Top Frontier Investment Holdings Inc., the controlling shareholder of San Miguel Corp.,...
Sy-led conglomerate SM Investments Corp. has assured its customers and stakeholders of its continued commitment to maintaining rigorous data privacy standards as a core component of corporate governance. The conglomerate highlighted that its subsidiary, SM Retail, received the NPC Seal of...
SM Investments Corp. (SMIC) increased its group-wide renewable energy sourcing to 31 percent of total electricity consumption last year, accelerating its shift toward cleaner energy across its sprawling retail, property, and banking empire. SMIC said its transition to green energy rose from 27...
SM Investments Corp. (SMIC), the conglomerate controlled by the Philippines’ wealthiest family, is pushing ahead with a multi-billion-dollar reclamation project despite geopolitical headwinds in the Middle East, even as its banking unit opts for a “wait-and-see” approach on liquidating...
Sy-led SM Investments Corp. (SMIC) is shrugging off geopolitical tensions in the Middle East as a manageable disruption, betting that its diversified consumer-driven portfolio and disciplined capital management will shield it from global volatility. Amando M. Tetangco Jr., SMIC chairman, said the...
SM Investments Corp. (SMIC), the investment holding company of the Sy family, reported a seven-percent growth in consolidated net income to ₱21.5 billion in the first quarter of 2026, from the ₱20.1-billion profit it earned in the same period last year, reflecting steady performance across its...
The peso tumbled to a fresh record low on Tuesday, April 28, breaching the 61-level as a resurgent United States (US) dollar and the broad exodus from emerging-market assets overwhelmed the central bank’s recent efforts to shore up the currency through tighter monetary policy. The peso plunged to...
Successive and increasingly large monthly balance of payments (BOP) deficits pushed the end-March deficit to a total of $5.29 billion—its widest year-to-date gap on record. This three-month total is already approaching the $5.66-billion full-year deficit recorded last year, according to the...
