Philippine Geothermal Production Co. (PGPC), the renewable energy arm of SM Investments Corp., is accelerating development of its domestic steam fields to buffer the Philippines from volatile global energy prices as conflict in the Middle East threatens fuel supply chains. In a briefing on Tuesday,...
Three of the country’s top business leaders remain optimistic that the ongoing conflict in the Middle East will be resolved within the year, although it may lead to weaker consumer demand, rising operating expenses (opex), and higher interest rates. During the Philippine Stock Exchange ’ s...
Sy-led SM Investments Corp. (SMIC) and its real estate subsidiary SM Prime Holdings Inc. (SM Prime) are planning to tap the offshore bond market to fund their continued growth and expansion. In a disclosure to the Philippine Stock Exchange (PSE) on Tuesday, March 17, the two firms said SMIC SG...
Philippine Geothermal Production Co. (PGPC), the renewable energy unit of SM Investments Corp. (SMIC), plans to spend at least ₱2.9 billion this year to ramp up drilling and exploration across its existing facilities and six new concession areas. Frederic C. Dybuncio, SMIC president and chief...
SM Investments Corp. (SMIC) is considering reducing its stake in Atlas Consolidated Mining Corporation or taking it out of its investment portfolio since it does not have any synergy with any of the group’s businesses. In a briefing on Monday, March 2, Frederic C. DyBuncio, SMIC president and...
SM Investments Corp. (SMIC), the holding company of the Philippines’ wealthiest family, is ramping up capital spending across its core businesses as it bets on provincial consumption boom to drive growth through 2026. In a briefing on Monday, March 2, SM Investor Relations and Sustainability Head...
SM Investments Corp. (SMIC), the flagship of the Sy family’s SM Group, will continue expanding its various businesses amid optimism over the Philippines’ consumer-driven economy. “Looking ahead, we remain optimistic about the Philippine growth outlook, supported by easing inflation, steady...
Sy-led SM Investments Corp. and its property arm, SM Prime Holdings Inc., are poised for substantial financial windfall starting in 2027 as they unlock value from a long-dormant premium estate south of Manila. According to Abacus Securities Corp., the joint development of the 284-hectare Susana...
Despite the ongoing political noise and challenges in the business environment, SM Retail is optimistic about its performance this quarter while continuing to expand its operations by opening new stores nationwide. “We remain hopeful because it’s Christmas time. Filipino consumers usually, with...
SM Investments Corp. (SMIC) Chairman Emeritus Jose T. Sio has been named an honorary life member of the Philippine Institute of Certified Accountants (PICPA), the accredited professional organization of certified public accountants (CPAs). The organization recognized Sio for “over 20 years of...
SM Investments Corp. (SMIC) reported that its nine-month profit increased, driven by the sustained performance of its banking and property businesses, which helped the conglomerate navigate challenges from weather and flooding. In a statement on Wednesday, Nov. 12, the Sy family-led holding company...
SM Investments Corp., the flagship of the SM group, has once again earned the prestigious 5 Golden Arrow Award from the Institute of Corporate Directors (ICD) for the second consecutive year for achieving the highest distinction in corporate governance excellence. The ICD 2025 Golden Arrow Awards...
