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...
Foreign investments approved by Department of Trade and Industry’s (DTI) investment promotion agencies since the start of the administration of President Marcos has reached P1.4 trillion, Trade and Industry Secretary Alfredo Pascual said. Trade and Industry Secretary Alfredo Pascual (Photo from...
In response to the call from developers, the Philippine Board of Investments (BOI) has announced the increase of threshold price per housing unit eligible for government tax incentives from P2 million to P3 million during the National Developers Convention in Cebu City last October 5, 2023 hosted...
An official of the Department of Trade and Industry (DTI) said on Tuesday, Oct. 17, that President Marcos is keen to maximize the potentials and benefits of his administration’s green lanes for strategic investments to pave the way for more local and foreign investments to the country. President...
President Marcos’ foreign trips have so far yielded a total of P427 billion in foreign investment approvals by the Board of Investments (BOI), Department of Trade and Industry (DTI) Undersecretary and BOI Managing Head Ceferino Rodolfo said on Tuesday, Oct. 17. (From left) President Ferdinand...
SB Capital Investment Corporation, the wholly-owned investment banking arm of Security Bank Corporation, and RCBC Capital Corporation have successfully arranged and managed a P2-billion private placement of fixed rate notes for Asialink Finance Corporation. In a statement, SB Capital said the...
From left: Institute of Corporate Directors (ICD) Chairman Atty. Cesar L. Villanueva; SM Investments Corporation Chairman of the Board Amando M. Tetangco, Jr.; ICD Vice-Chair & President Ma. Aurora D. Geotina-Garcia; Securities and Exchange Commission (SEC) Chairperson Atty. Emilio B....
The Sy siblings’ flagship SM Investments Corporation (SMIC) is expecting that its portfolio investments will account for more than 10 percent of overall earnings in the medium term. The firm’s investments are in integrated resorts through Belle Corporation, in copper mining through Atlas...
Investors' confidence in the Philippines remains solid despite the decline in the country's foreign direct investment (FDI) inflows in the first half of the year, a Cabinet member said. Trade Secretary Alfredo Pascual said in a Presidential Communications Office (PCO) statement that this is...
SM Investments Corporation (SMIC), the flagship of the Sy family and one of the leading conglomerates in the Philippines, and its banking arm BDO Unibank Inc. came out among Asia’s Outstanding Companies based on a poll by Asiamoney magazine. In a statement, SMIC said it was recently awarded as...
2GO Group Inc., the Philippines' largest transportation and logistics solutions provider and part of SM Investments Corporation, is gearing up for the surge in demand for cargo and deliveries during the holiday season by strategically preparing major hubs outside Metro Manila. In a statement,...
The Philippine Stock Exchange (PSE) is removing Metro Pacific Investments Corporation (MPIC) and Aboitiz Power Corporation (AboitizPower) from its benchmark index and replacing them with Bloombery Resorts Corporation and Century Pacific Food Inc. In a memorandum posted on the PSE website, PSE...
