SM Hotels and Conventions Corporation (SMHCC), a member of the SM Group under SM Prime Holdings Inc., is opening 1,700 new hotel rooms in the next four years, largely in the provincial areas to serve the growing local tourism industry. In a statement, SM Hotels said it is adding over 1,400 hotel...
The Sy family’s flagship SM Investments Corporation has been recognized by Hong Kong-based magazine Alpha Southeast Asia as the best company in the Philippines with the Strongest Adherence to Corporate Governance. Given during the magazine’s 14th Institutional Investor Corporate Awards, this...
SM Markets, the retail grocery arm of the SM Group’s SM Retail, is planning to open 10 to 15 new stores outside Metro Manila this year to provide for the essential needs of Filipino communities in underserved areas in the provinces. “Service is at the heart of everything we do. As we grow, we...
Goldilocks Bakeshop, Inc., one of the most enduring and beloved Filipino brands in the SM group’s portfolio investments, is boosting its expansion through partnerships as it rolls out an additional 30 franchise-owned stores in 2024. In a statement, SMIC said Goldilocks has 926 stores as of...
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...
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...
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...
SM Development Corporation (SMDC), the residential business unit of the SM Group’s SM Prime Holdings Inc., is looking towards the provinces which offer the company strong growth potential because many areas still remain unserved. SM Investments Corporation President and CEO Frederic C. DyBuncio...
The SM Group recognizes agriculture as one of the major sectors in the country with over 10 million individuals in the industry and that its support of the sector leads to improved livelihoods, food security and a stronger economy. Through food retail affiliate and community shopping mall...
Several efforts have been undertaken, particularly by big businesses, as calls for inclusiveness and diversity mount not just in the global arena but locally, as well. One of the Philippine conglomerates that take to heart this effort is the SM Group, which business interests span across multiple...
