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...
(Unsplash) House Speaker Martin Romualdez confidently said on Monday, April 22 that there will be an upsurge in United States (US) investments in the aftermath of the highly successful dialogue in Washington, DC wherein the country was...
Metro Pacific Investments Corporation, through Metro Pacific Agro Ventures Inc. (MPAV), is seeking to at least double its dairy and greenhouse operations while looking to acquire another coconut-based business and large tracts of agricultural land in Mindoro. MPIC Chairman, President and CEO Manuel...
President Ferdinand "Bongbong" Marcos Jr. (Noel Pabalate/MANILA BULLETIN) The almost 90 percent increase in foreign direct investments (FDIs) between January 2023 and January 2024 is mainly due to President Marcos' efforts in "selling" the...
President Marcos underscored the role of the United States in the Philippines’ post-pandemic recovery, citing it as the country’s fourth largest source of foreign direct investments (FDIs) and one of its biggest export destinations. President Ferdinand 'Bongbong' Marcos Jr. attends the...
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...
The Philippines has slipped by one notch in terms of attractiveness to foreign investors among emerging economies, according to a report by global consultancy firm Kearney. In Kearney's 2024 Foreign Direct Investment (FDI) Confidence Index for emerging markets, the Philippines now...
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...
The Sy family’s flagship SM Investments Corporation (SMIC) has come in as a strategic partner in Citicore Energy REIT Corporation (CREIT) with the acquisition of a 28.79 percent stake for P5 billion from shareholders led by billionaire Edgar Saavedra. In a disclosure to the Philippine Stock...
(Usplash) The Philippines must "strike while the iron is hot" in terms of making the country more attractive to foreign investors. Thus, said House Deputy Majority Leader Tingog Party-list Rep. Jude Acidre as he underscored in a press...
