SM Investments Corporation said its subsidiary SM Retail’s The SM Store and The Coffee Bean and Tea Leaf (CBTL) are embarking on an ambitious plan to complete the rollout of in-store cafes across all 78 branches of SM Store by 2026. In a statement, SM said this strategic expansion aims to...
DigiCo, a digital entity owned by businesses led by Manuel V. Pangilinan or the MVP Group, has sealed separate agreements to acquire a 10 percent interest in Bayad Center and 100 percent of Multipay Corporation for a yet undisclosed amount. "Having both online and offline solutions, Bayad and...
SM Supermalls, the retail leasing unit of Sy-led SM Prime Holdings Inc., reported a 27 percent improvement in foot traffic to an average of above four million daily visitors in the first quarter of 2024 from 3.3 million in the same period last year. In a statement, SM Investments Corporation...
The Sy family’s flagship SM Investments Corporation has successfully raised $500 million via a drawdown from its $3 billion multi-issuer Euro Medium-Term Notes (EMTN) program, established in May this year. In a disclosure to the Philippine Stock Exchange (PSE), the firm said the notes will be...
By JAMES A. LOYOLA Top conglomerate SM Investments Corporation of the Sy family received seven prestigious awards at the 14th Asian Excellence Awards, organized by Corporate Governance Asia magazine. SM Investments Corporation clinches seven awards at Corporate Governance Asia's 14th Asian...
By JAMES A. LOYOLA The Sy siblings’ holding company SM Investments Corporation is planning a dollar-denominated benchmark-sized Regulation S offering of five-year senior notes through subsidiary by SMIC SG Holdings Pte. Ltd. In a disclosure to the Philippine Stock Exchange (PSE), SMIC said...
The National University (NU), a member of the SM Group, is aggressively expanding its presence and bring its services closer to students in the provinces by establishing 20 campuses across the country by 2028. Parent company SM Investments Corporation said this initiative underscores NU’s...
The Securities and Exchange Commission (SEC) has approved the amendment to SM Investments Corporation’s (SMIC) articles of incorporation which provides for the increase in the number of its board directors to nine from eight. In a disclosure to the Philippine Stock Exchange (PSE), SMIC said it...
PLDT Inc. (PLDT) and Smart Communications, Inc. (Smart) Chairman and CEO Manuel V. Pangilinan plans to grow the business beyond telecommunications by tapping into the strengths of the whole MVP Group through DigiCo. During the recently held PLDT annual shareholders’ meeting, Pangilinan introduced...
SM Advantage Card (SMAC), the country’s biggest retail rewards system, doubled its loyalty base from five million in 2020 to reaching over 10 million members to date as it continues to reach more customers. In a statement, SM Investments Corporation said it has been reinforcing its...
Diversified conglomerate San Miguel Corporation emerged as the leader among 38 Philippine firms in terms of revenues and as the only one among the top 10 in the first Fortune Southeast Asia 500 list. “The Fortune Southeast Asia 500 debuts right as global business is starting...
While the coverage of its sustainability program is very broad, SM Investments Corporation (SMIC), the holding company of the SM Group, is putting more emphasis on projects that have the greatest impact on people and the environment through a more practical approach. Acknowledging the critical role...
