Philippine Geothermal Production Co. (PGPC), the renewable energy arm of SM Investments Corp., is accelerating development of its domestic steam fields to buffer the Philippines from volatile global energy prices as conflict in the Middle East threatens fuel supply chains. In a briefing on Tuesday,...
Manuel V. Pangilinan-led Metro Pacific Investments Corp. (MPIC) has increased its capital expenditure (capex) budget to over ₱200 billion this year from the around ₱190 billion spent in 2025, although this may be subject to review if the ongoing Middle East crisis is prolonged. In an interview...
Stronger investments in climate adaptation are needed to secure Filipino homes, livelihoods, and food supply, especially for vulnerable sectors, the Department of Environment and Natural Resources (DENR) said. During the recent Adaptation in Action Investment Forum held at the SM Aura Convention...
Three of the country’s top business leaders remain optimistic that the ongoing conflict in the Middle East will be resolved within the year, although it may lead to weaker consumer demand, rising operating expenses (opex), and higher interest rates. During the Philippine Stock Exchange ’ s...
Sy-led SM Investments Corp. (SMIC) and its real estate subsidiary SM Prime Holdings Inc. (SM Prime) are planning to tap the offshore bond market to fund their continued growth and expansion. In a disclosure to the Philippine Stock Exchange (PSE) on Tuesday, March 17, the two firms said SMIC SG...
Infra and utilities conglomerate Metro Pacific Investments Corp. (MPIC) intends to continue investing in infrastructure despite uncertainties and challenges posed by the war in the Middle East, laying the groundwork for more growth after sustaining record performance last year. “The global...
Philippine Geothermal Production Co. (PGPC), the renewable energy unit of SM Investments Corp. (SMIC), plans to spend at least ₱2.9 billion this year to ramp up drilling and exploration across its existing facilities and six new concession areas. Frederic C. Dybuncio, SMIC president and chief...
SM Investments Corp. (SMIC) is considering reducing its stake in Atlas Consolidated Mining Corporation or taking it out of its investment portfolio since it does not have any synergy with any of the group’s businesses. In a briefing on Monday, March 2, Frederic C. DyBuncio, SMIC president and...
SM Investments Corp. (SMIC), the holding company of the Philippines’ wealthiest family, is ramping up capital spending across its core businesses as it bets on provincial consumption boom to drive growth through 2026. In a briefing on Monday, March 2, SM Investor Relations and Sustainability Head...
SM Investments Corp. (SMIC), the flagship of the Sy family’s SM Group, will continue expanding its various businesses amid optimism over the Philippines’ consumer-driven economy. “Looking ahead, we remain optimistic about the Philippine growth outlook, supported by easing inflation, steady...
The antitrust watchdog Philippine Competition Commission (PCC) has greenlighted the joint venture (JV) between the Yuchengco and Aboitiz families to develop a 184-hectare (ha) industrial park in Tarlac province as an expansion of Lima Land Inc.’s TARI Estate. With PCC clearance, Yuchengco...
Sy-led SM Investments Corp. and its property arm, SM Prime Holdings Inc., are poised for substantial financial windfall starting in 2027 as they unlock value from a long-dormant premium estate south of Manila. According to Abacus Securities Corp., the joint development of the 284-hectare Susana...
