SM Investments Corporation, the flagship of the Sy family and one of the country’s biggest conglomerates, reported a 10 percent improvement in consolidated net income to P40.2 billion in the first half of 2024 from P36.5 billion in the same period last year. In a disclosure to the...
The SM Group is providing the opportunity for local farmers and entrepreneurs to step onto a bigger stage through its SM Weekend Market. Developed as a collaborative effort between SM Foundation and SM Supermalls, this initiative is not just about commerce; it's a strategic move to integrate...
SM Investments Corporation said its subsidiary SM Retail’s The SM Store and The Coffee Bean and Tea Leaf (CBTL) are embarking on an ambitious plan to complete the rollout of in-store cafes across all 78 branches of SM Store by 2026. In a statement, SM said this strategic expansion aims to...
DigiCo, a digital entity owned by businesses led by Manuel V. Pangilinan or the MVP Group, has sealed separate agreements to acquire a 10 percent interest in Bayad Center and 100 percent of Multipay Corporation for a yet undisclosed amount. "Having both online and offline solutions, Bayad and...
SM Supermalls, the retail leasing unit of Sy-led SM Prime Holdings Inc., reported a 27 percent improvement in foot traffic to an average of above four million daily visitors in the first quarter of 2024 from 3.3 million in the same period last year. In a statement, SM Investments Corporation...
The Sy family’s flagship SM Investments Corporation has successfully raised $500 million via a drawdown from its $3 billion multi-issuer Euro Medium-Term Notes (EMTN) program, established in May this year. In a disclosure to the Philippine Stock Exchange (PSE), the firm said the notes will be...
By JAMES A. LOYOLA Top conglomerate SM Investments Corporation of the Sy family received seven prestigious awards at the 14th Asian Excellence Awards, organized by Corporate Governance Asia magazine. SM Investments Corporation clinches seven awards at Corporate Governance Asia's 14th Asian...
By JAMES A. LOYOLA The Sy siblings’ holding company SM Investments Corporation is planning a dollar-denominated benchmark-sized Regulation S offering of five-year senior notes through subsidiary by SMIC SG Holdings Pte. Ltd. In a disclosure to the Philippine Stock Exchange (PSE), SMIC said...
The National University (NU), a member of the SM Group, is aggressively expanding its presence and bring its services closer to students in the provinces by establishing 20 campuses across the country by 2028. Parent company SM Investments Corporation said this initiative underscores NU’s...
The Securities and Exchange Commission (SEC) has approved the amendment to SM Investments Corporation’s (SMIC) articles of incorporation which provides for the increase in the number of its board directors to nine from eight. In a disclosure to the Philippine Stock Exchange (PSE), SMIC said it...
PLDT Inc. (PLDT) and Smart Communications, Inc. (Smart) Chairman and CEO Manuel V. Pangilinan plans to grow the business beyond telecommunications by tapping into the strengths of the whole MVP Group through DigiCo. During the recently held PLDT annual shareholders’ meeting, Pangilinan introduced...
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...
