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 Board of Investments (BOI) reported that it had approved six projects following President Marcos’ decision in February to raise the investment promotion agencies (IPAs) threshold to P15 billion. According to the Department of Trade and Industry's (DTI) IPA, the BOI greenlit six projects...
The Board of Investments (BOI) has granted approval for agricultural projects totaling nearly P10 billion to bolster the country’s food security and resilience. In a statement, the Department of Trade and Industry’s (DTI) investment promotion agency said the Department of Agriculture (DA)...
The Board of Investments (BOI) reported on Tuesday, July 9, that the government is crafting a strategic roadmap to propel the development of the domestic bioplastics sector. In a statement, the Department of Trade and Industry’s (DTI) investment promotion agency said it aims to formalize the...
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...
Foreign direct investments (FDI), characterized by long-term commitments and the creation of job opportunities for Filipinos, are projected to reach $9.5 billion this year. Based on the latest projections by the Bangko Sentral ng Pilipinas (BSP), the initial forecast of $9 billion for the...
The Board of Investments (BOI) has committed to tackling the persistent challenges faced by local and foreign investors in the country through enhanced policy alignment and increased collaboration among government agencies. In a statement on Wednesday, July 3, Bobby G. Fondevilla, BOI executive...
Just a few short years after the first SM mall opened its doors, its founder Henry Sy, Sr.’s vision extended beyond one establishment. The chain of malls would come later. When SM City North EDSA opened in 1985, the vision was clear: people’s access to products is important but Filipinos’...
Singapore-headquartered Nexif Ratch Energy Investments Pte. Ltd. (NREI) has secured "green lane" certification from the Board of Investments (BOI) that will streamline the permitting processes for its wind and solar projects in the Philippines. According to the company, the green lane endorsement...
The P4.8 billion Pampang hydroelectric power project of FDC Renewables Corporation of the Filinvest group, which has an installed capacity of 33.4 megawatts, had been granted with ‘green lane certificate of endorsement’, based on the approval accorded by the Board of Investments. With the...
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...
