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...
SM Investments Corporation (SMIC), the flagship of the Sy family, reported a seven percent improvement in consolidated net income to ₱82.6 billion last year from ₱77 billion in 2023 as its banking, real estate, and retail businesses fueled revenue growth. In a disclosure to the Philippine Stock...
Alfamart Philippines, the minimart business of the SM Group, is expanding its network by at least 200 more new stores in Luzon this year to strengthen further its commitment to making fresh goods and daily essentials more accessible to Filipino neighborhoods. As of end-2024, Alfamart had 2,100...
Investments for projects approved by the country’s leading investment promotion agencies (IPAs) reached a record-high of ₱1.9 trillion in 2024, reflecting the Philippines’ status as a rising investment destination. The total registered investments last year exceeded 2023 figures by over 29...
The Board of Investments (BOI) has awarded green lane certificates to Upgrade Energy Philippines Inc. (UGEP) to expedite regulatory approvals for its ₱3.62 billion solar power projects in Zambales and Capiz. UGEP's Cabangan solar project in Zambales, with a capacity of 56.771 megawatts (MW), has...
MB NEWSMAKERS Top row, from left: Mylo Speech Buddy Founder Vincent Rocha, President of Bingo Plus Rafael Jasper Vicencio, President & CEO of HSBC Philippines Sandeep Uppal, Dr. Victor Erwin Jocson, Head of Star Magic PR (representing Bini) Thess Gubi, Co-Chairperson of Kawayan Collective...
SM Investments Corporation, the flagship of the Sy family, is cautiously optimistic and expects its upward trajectory to continue this year on the back of the strength of the Philippine economy. In an interview, SMIC Chairman Amando M. Tetangco Jr. said, “We will continue to grow in 2025. As many...
Global investors appeared to have lost their appetite for the Philippines, as total foreign investments significantly declined by 38.87 percent last year, sharply contrasting with the substantial investments in 2023. Data from the Philippine Statistics Authority (PSA) revealed that foreign...
Ayala Corporation and San Miguel Corporation led 29 Philippine conglomerates and businesses that made it to Time magazine and Statista’s inaugural 500 Best Companies in Asia-Pacific for 2025. The ranking of 500 of the Asia-Pacific’s best companies by Time and Statista is based on a formula of...
The Sy family’s flagship SM Investments Corporation (SMIC) expects to stay on its long-term growth trajectory, banking on the Philippines’ resilient consumption-led economy, synergies across its business segments, and strong consumer fundamentals. “The Philippine economy remains...
