SM Investments Corporation, the flagship of the Sy family, remains on the lookout for high growth potential companies in the Philippines to beef up its investment portfolio. “We continue to be cognizant of companies in the Philippines that have the potential for high growth in the country,”...
SM Investments Corporation (SMIC) is acquiring 81 percent of Allfirst Equity Holdings Inc. (Allfirst), to gain full ownership of Philippine Geothermal Production Company, Inc. (PGPC), for P15.73 billion. In a disclosure to the Philippine Stock Exchange, SMIC said its Board of Directors has approved...
Metro Pacific Investments Corporation has acquired full ownership of affiliate Landco Pacific Corporation, a real estate developer, through the conversion of receivables worth P429.33 million into equity. In a disclosure to the Philippine Stock Exchange, MPIC said it has entered into deeds of...
SM Investments Corporation (SM Investments) and SM Development Corp. (SMDC) chalked up wins from the 57th Anvil Awards dubbed as the Gabi ng Parangal. Conferred by the Public Relations Society of the Philippines (PRSP), SM Investments gained the nod of the board of judges and won both Silver Awards...
Metro Pacific Investments Corporation reported a 20 percent improvement in consolidated core net income to P12.3 billion last year from P10.2 billion in 2020. In a press briefing, MPIC Chief Finance Officer June Cheryl Cabal-Revillas said “This substantial improvement from the 13 percent growth...
SM Investments Corporation, one of the country’s biggest conglomerates, reported a 65 percent surge in net income to P38.5 billion last year from P23.4 billion in 2020. In a disclosure to the Philippine Stock Exchange, the holding company of the Sy family said its consolidated revenues grew 9...
SM Investments Corporation has listed its P15-billion fixed rate bonds at the Philippine Dealing and Exchange Corp. (PDEx) after the offering was 3.7 times oversubscribed to as much as P55 billion. Investors snapped up the bonds after the offering closed on February 11, 2022, a strong testament to...
Millennial Resorts achieves the first EDGE certification for Resort Hospitality in the Philippines TRANQUILITY EDGE-Certified Millennial Resorts feature the Cocoons and Club Laiya Millennial Resorts has achieved the very first EDGE (Excellence in Design for Greater Efficiencies) certification for a...
SM Investments Corporation (SMIC) has issued a statement reiterating that it has never had any ownership of nor is it in any acquisition talks for a property in Barangay Patungan, Maragondon, Cavite that is the subject of a court-ordered demolition. “The area of the demolition incident that...
SM Investments Corporation (SMIC), the holding company of the SM Group of Companies, is planning to raise up to P15 billion from a planned bond issuance. The conglomerate plans to issue P10 billion in bonds with an oversubscription option of up to P5 billion. The bonds have been assigned the...
2GO employee getting his COVID-19 vaccine The Philippine’s largest transportation and logistics provider, 2GO Group, Inc., completed its COVID- 19 vaccination drive after inoculating 96 percent of its workforce. “As a company operating in an essential industry, transporting passengers and...
SM Investments Corporation (SM) bagged three awards conferred by Hong Kong-based Alpha Southeast Asia magazine during its 11th Institutional Investor Corporate Awards 2021. The conglomerate was recognized for Most Organized Investor Relations, Best Senior Management Investor Relations (IR) Support,...
