SM Investments Corp. (SMIC), the conglomerate controlled by the Philippines’ wealthiest family, is pushing ahead with a multi-billion-dollar reclamation project despite geopolitical headwinds in the Middle East, even as its banking unit opts for a “wait-and-see” approach on liquidating...
Sy-led SM Investments Corp. (SMIC) is shrugging off geopolitical tensions in the Middle East as a manageable disruption, betting that its diversified consumer-driven portfolio and disciplined capital management will shield it from global volatility. Amando M. Tetangco Jr., SMIC chairman, said the...
SM Investments Corp. (SMIC), the investment holding company of the Sy family, reported a seven-percent growth in consolidated net income to ₱21.5 billion in the first quarter of 2026, from the ₱20.1-billion profit it earned in the same period last year, reflecting steady performance across its...
The peso tumbled to a fresh record low on Tuesday, April 28, breaching the 61-level as a resurgent United States (US) dollar and the broad exodus from emerging-market assets overwhelmed the central bank’s recent efforts to shore up the currency through tighter monetary policy. The peso plunged to...
Successive and increasingly large monthly balance of payments (BOP) deficits pushed the end-March deficit to a total of $5.29 billion—its widest year-to-date gap on record. This three-month total is already approaching the $5.66-billion full-year deficit recorded last year, according to the...
Four companies under the SM Group were recognized for corporate excellence and governance in the FinanceAsia Asia’s Best Companies 2026 poll. SM Investments Corp., the holding company for the Sy family’s business empire, secured the Gold award for Best Large Cap Company and was named Most...
SM Investments Corp. (SMIC), the holding company for the Philippines’ largest retail, real estate, and banking empire, is intensifying its digital communication strategy as it seeks to deepen transparency across its integrated business ecosystem. The company’s online platform, SM In Focus, has...
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...
