SM Investments Corporation, the flagship of the Sy family, posted a nine percent growth in consolidated net income to ₱20.1 billion in the first quarter of 2025 from ₱18.4 billion in the same period last year, as rising consumer confidence translated to higher revenues.The firm said its...
By JAMES A. LOYOLATop 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 Excellence...
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 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....
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 chain...
SMIC expansion to focusmore outside NCR By James A. LoyolaThe Sy family’s flagship SM Investments Corporation (SMIC) is increasing its focus on the countryside as it continues to see potential for regional development and targeted high growth sectors. In a statement, the firm said this...
While its core banking, retail, and real estate businesses continue to generate huge profits, SM Investments Corporation (SMIC) is relying on its portfolio investments for future growth and to steadily increase its share in total earnings in the coming years.SMIC President and CEO Frederic C....
The Sy family’s flagship SM Investments Corporation (SMIC) reported a 25 percent growth in consolidated net income to P77 billion in 2023 from the P61.7 billion earned in 2022 as the company continues to address needs of customers amid uncertain economic conditions. In a disclosure to the...
2GO Group Inc., the Philippines’ largest end-to-end transportation and logistics solutions provider and part of SM Group, has teamed up with the Department of Trade and Industry (DTI) to enable a community of online entrepreneurs in Central Luzon.Randy Zafra, 2GO Retail Operations Manager, starts...
The SM Group continues its commitment to spur local economic growth and homegrown brands through its property arm, SM Prime Holdings Inc. which recently opened its 85th mall in Santo Tomas, Batangas.SM City Sto. TomasSituated at the foot of Mt. Makiling, SM City Sto. Tomas is conveniently located...
Food service chain owner Goldilocks Bakeshop Inc., one of the SM Group’s portfolio investments, is ramping up its store openings by 46 percent to 60 in 2024 to further increase its nationwide presence. In a statement, SM Investments Corporation (SMIC) said Goldilocks opened 41 stores in 2023...
SM Investments Corporation (SMIC), the flagship of the Sy siblings which has been ranked as the Philippines’ wealthiest family, reported a 30 percent growth in consolidated net income to P55.9 billion in the first nine months of 2023 from the P42.9 billion earned in the same period last year.In a...
