SM Investments Corporation (SMIC) has joined a business group of dedicated global sustainability champions through the 50 Sustainability & Climate Leaders campaign with a focus on responding to climate change. This makes SMIC the only Filipino company to join the campaign among countries like...
Last January, SM Investments Corporation was one of 380 companies across 11 sectors included in the 2021 Bloomberg Gender-Equality Index (GEI). This was the second time SM was cited in the said index, which measures gender equality across five pillars: female leadership and talent pipeline, equal...
Metro Pacific Hospitals Holdings Inc. reported that it has vaccinated more than 13,000 healthcare workers in its 18 hospitals since the arrival of the first batches of the Sinovac and AstraZeneca vaccines in the Philippines in early March. The network’s three largest hospitals in terms of...
SM Investments Corporation (SMIC) is acquiring the 31.73 percentstake of Chelsea Logistics and Infrastructure Holdings Corporation in 2GO Group Inc., for about P6.64 billion, to gain control of the shipping and logistics firm. In a disclosure to the Philippine Stock Exchange, SMIC said...
Toy manufacturers from Hong Kong are considering of investing in the Philippines as they showed strong confidence in the country. This was disclosed by the officers and members of the Toys Manufacturers’ Association of Hong Kong (TMHK) who joined an online information session with the Philippine...
Metro Pacific Investments Corporation (MPIC) is aiming to earn P12 billion in core net income this year after registering a 34 percent drop in core profits to P10.2 billion in 2020 due to the economic contraction brought about by the pandemic. “We look forward to the gradual recovery of our...
Philippine garment factories expect to receive new orders worth up to $500 million from top global fashion brands as they start transferring production orders from troubled Myanmar to the Philippines and other Asian countries. Photo credit: (Philexport News and Features) Foreign Buyers Association...
SM Investments Corporation (SMIC) registered a net income of P23.4 billion last year, 48 percent lower than the P44.6 billion earned in 2019. Due to the impact of the COVID-19 pandemic, The firm’s consolidated revenues declined to P394.2 billion in 2020 from P502.0 billion in the year before....
Eight firms under the SM group of companies received Golden Arrow Awards from the Institute of Corporate Directors (ICD) for performing well in the ASEAN Corporate Governance Scorecard (ACGS). In a statement, the conglomerate said this is an assessment benchmarked against international best...
New committed investments approved by the Philippine Economic Zone Authority (PEZA) in January this year soared 139 percent, but there are still over 300,000 workers displaced from the continued non-operation of more than 300 locators. PEZA Director General Charito B. Plaza said in her State...
The Bangko Sentral ng Pilipinas (BSP) reported Monday that gross international reserves (GIR) dipped to $108.799 billion in January from December 2020’s $110.117 billion due to government withdrawals to pay for foreign-denominated loans, and changes in the price of gold. The BSP in a statement...
Central Azucarera de San Antonio (CASA), a sugar mill owned by the Chan family of Iloilo, is planning to a P558.5-million public offering of shares although these will not be listed at the stock exchange. Documents filed with the Securities and Exchange Commission show, CASA is controlled by the...
