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...
Foreign investment pledges more than doubled in the last quarter of last year, with the energy industry accounting for the majority of the investments, data from the Philippine Statistics Authority (PSA) showed. Based on the PSA report, total foreign investments approved by investment promotion...
Former Department of Finance (DOF) secretary Margarito ''Gary'' Teves (MANILA BULLETIN) Former Department of Finance (DOF) secretary Margarito ''Gary'' Teves has joined a long list of experts who expressed support to amending the supposed restrictive...
Foreign investors interested in entering the Philippines' renewable energy sector will be required to secure 167 signatures before they commence operations. While this may seem like a daunting number to many, an industry stakeholder pointed out that this requirement has already been reduced from...
SM Investments Corporation’s (SMIC) transportation and logistics unit 2GO Group Inc. has signed an agreement with National University (NU) to provide maritime experiential on-the-job training for its tourism and hospitality students. In a statement, 2Go said this strategic alliance aims to...
SM Investments President and Chief Executive Officer Frederic C. DyBuncio thanks the IABC for SM's 20 wins in the recently held Philippine Quill Awards. The SM Group, led by SM Investments Corporation, with BDO Unibank, Inc., SM Foundation Inc., and SM Supermalls, won 20 awards for excellence in...
The Department of Finance (DOF) said the Philippines is committed to providing a welcoming environment for potential investors from the United States, symbolically represented by the concept of rolling out a "red carpet." In a statement, Finance Secretary Ralph G. Recto has assured US officials of...
House Speaker Martin Romualdez (Speaker’s office) With its unique demographic advantage, ongoing economic reforms, and synergy with the Association of Southeast Asian Nations (ASEAN), the Philippines makes for an ideal destination for foreign investment,...
SM Investments Corporation (SMIC) subsidiary 2GO Group Inc., the Philippines’ largest integrated transportation and logistics solutions provider, has marked the opening of its 100th 2GO-owned retail store at Greenhills Shopping Center. In a statement, 2Go said the new store allows it to extend...
2GO Group Inc. is supporting the growth of micro, small and medium-sized enterprises (MSMEs) with the introduction of 2GO Getters, a “community of MSMEs, start-up companies and anyone who aspire to build their business empires in need of delivery services.” The logistics arm of the SM...
The Philippines saw a significant 29.6 percent drop in foreign direct investment (FDI) with net inflows of $655 million in October 2023 from the $930 million net inflows registered in the same month in 2022. The October figure has brought cumulative net FDI inflows for the period...
The Yuchengco family’s holding company House of Investments (HI) is diversifying its business portfolio by strategically expanding into the financial services and property sectors. In a disclosure to the Philippine Stock Exchange, the firm said its diversification includes the P15.7 billion...
