SM Investments Corporation is seen to perform better in the second half of this year as it benefits from the traditionally stronger sales for the retail business during the long Christmas season. Macquarie Capital Securities (Philippines), Head of Research Gilbert Lopez said in a research reports...
Alfamart, the SM Group’s super minimart chain, has opened its 2,000th store in a residential village in Sta. Rosa, Laguna, as it continues to enhance grocery accessibility in local neighborhoods and communities. "Alfamart sees immense value in serving underserved communities. Our 2,000th store...
Metro Pacific Water Solutions (MPWS), a unit of Metro Pacific Investments Corporation, sees strong potential for growth in the wastewater management business as it has currently tapped less than 10 percent of the market. MPWS President and CEO Christopher Andrew B. Pangilinan said in an interview...
SM Investments Corporation, through its SMAC (SM Advantage Card) loyalty program, and Philippine Airlines’ (PAL) Mabuhay Miles, have renewed their partnership with the implementation of higher conversion rates. Effective Sept. 1, the conversion structure of SMAC Points to Mabuhay Miles and vice...
Metro Pacific Agro Ventures, a unit of Metro Pacific Investments Corporation, is aiming to generate annual revenues of P1 billion in two years with a medium term target of raising this to P20 billion as it continues to look for new products to add to its portfolio. In an interview, MPAV President...
SM Hotels and Conventions Corp. (SMHCC), the hotel operator of the SM group, has rolled out a new technology called ORCA (Organic Refuse Conversion Alternative) Biodigester which can turn food waste into filtered wastewater under 24 hours. SM Investments Corporation said this is aligned with the...
SM Investments Corporation (SMIC), the flagship of the Sy family, is acquiring 184 hectares of land in Muntinlupa City from a nearly wholly-owned subsidiary, Intercontinental Development Corporation (ICDC), through a property-for-shares swap. In a disclosure to the Philippine Stock Exchange, SMIC...
Metro Pacific Agro Ventures (MPAV), a unit of conglomerate Metro Pacific Investments Corporation, is considering the chicken egg and carabao milk businesses while continuing to ramp up its dairy and vegetable capacities. In an interview, MPAV President Juan Victor Hernandez said their core strategy...
Metro Pacific Investments Corporation (MPIC), now a privately-held conglomerate controlled by tycoon Manuel V. Pangilinan, expects 2024 to be a banner year and sees the company continuing to post all-time high profits in the coming years. In a press briefing, MPIC Chief Finance Officer...
The Sy-led SM Prime Holdings Inc. is allocating P10 billion of 10 percent of its capital expenditures to sustainable and resilient designs and using renewable energy as part of its commitment to preserving the environment. In a statement, SM Investments Corporation said SM Prime integrates rigorous...
SM Investments Corporation, the flagship of the Sy family and one of the country’s biggest conglomerates, reported a 10 percent improvement in consolidated net income to P40.2 billion in the first half of 2024 from P36.5 billion in the same period last year. In a disclosure to the...
The SM Group is providing the opportunity for local farmers and entrepreneurs to step onto a bigger stage through its SM Weekend Market. Developed as a collaborative effort between SM Foundation and SM Supermalls, this initiative is not just about commerce; it's a strategic move to integrate...
