The Sy family-controlled SM Investments Corporation (SMIC), one of the country’s top conglomerates, reported a six percent improvement in consolidated net income to P18.4 billion in the first quarter of 2024 from P17.3 billion in the same period last year. SMIC said in a disclosure to the...
SM Investments Corporation (SMIC) and subsidiary SM Prime Holdings Inc. reported that they have jointly established a $3.0 billion Multi-Issuer European Medium Term Note (EMTN) Programme. In a disclosure to the Philippine stock Exchange, SM Prime said the EMTN Programme was established through SMIC...
President Marcos expects more foreign investments to come in for his administration’s Luzon Economic Corridor project as it benefits from the government's investment promotion program. President Ferdinand 'Bongbong' Marcos Jr. (Photo from the Presidential Communications Office) Speaking...
Young tycoon Leandro Legarda Leviste has acquired the equivalent of 8.5 percent of ABS-CBN Corporation, continuing his buying binge after selling a portion of his stake in SP New Energy Corporation to Meralco PowerGen Corporation. ABS-CBN’s share price has surged over the past week and...
Foreign portfolio investments, often referred to as “hot money”, yielded net inflows of $377 million in the first quarter this year, a turnaround from the $328 million net outflows transacted in the same period last year, according to the Bangko Sentral ng Pilipinas. For March alone, the ...
SM Investments Corporation (SMIC) reported that it is advancing meaningful discourse on climate action and fostering partnerships aligned with efforts to support the country’s commitment to address climate change. In a statement, the firm said it extended its support for the promotion of a low...
SM Investments Corporation, the flagship of the Sy family, is alloting capital expenditures of P110 billion to P115 billion this year, 44 percent higher than the P80 billion spent in 2023, even as it continues to be cautiously optimistic about its prospects. During a briefing after the firm’s...
(Unsplash) House Speaker Martin Romualdez confidently said on Monday, April 22 that there will be an upsurge in United States (US) investments in the aftermath of the highly successful dialogue in Washington, DC wherein the country was...
Metro Pacific Investments Corporation, through Metro Pacific Agro Ventures Inc. (MPAV), is seeking to at least double its dairy and greenhouse operations while looking to acquire another coconut-based business and large tracts of agricultural land in Mindoro. MPIC Chairman, President and CEO Manuel...
President Ferdinand "Bongbong" Marcos Jr. (Noel Pabalate/MANILA BULLETIN) The almost 90 percent increase in foreign direct investments (FDIs) between January 2023 and January 2024 is mainly due to President Marcos' efforts in "selling" the...
President Marcos underscored the role of the United States in the Philippines’ post-pandemic recovery, citing it as the country’s fourth largest source of foreign direct investments (FDIs) and one of its biggest export destinations. President Ferdinand 'Bongbong' Marcos Jr. attends the...
The Sy family’s SM Investments Corporation, one of the country’s biggest conglomerates, will be launching through the SM Store’s SM Green Finds program a collaboration project with social enterprises to emphasize the significance of circularity. In a statement, the firm said this...
