The National University (NU), a member of the SM Group, is aggressively expanding its presence and bring its services closer to students in the provinces by establishing 20 campuses across the country by 2028. Parent company SM Investments Corporation said this initiative underscores NU’s...
The Securities and Exchange Commission (SEC) has approved the amendment to SM Investments Corporation’s (SMIC) articles of incorporation which provides for the increase in the number of its board directors to nine from eight. In a disclosure to the Philippine Stock Exchange (PSE), SMIC said it...
PLDT Inc. (PLDT) and Smart Communications, Inc. (Smart) Chairman and CEO Manuel V. Pangilinan plans to grow the business beyond telecommunications by tapping into the strengths of the whole MVP Group through DigiCo. During the recently held PLDT annual shareholders’ meeting, Pangilinan introduced...
SM Advantage Card (SMAC), the country’s biggest retail rewards system, doubled its loyalty base from five million in 2020 to reaching over 10 million members to date as it continues to reach more customers. In a statement, SM Investments Corporation said it has been reinforcing its...
Diversified conglomerate San Miguel Corporation emerged as the leader among 38 Philippine firms in terms of revenues and as the only one among the top 10 in the first Fortune Southeast Asia 500 list. “The Fortune Southeast Asia 500 debuts right as global business is starting...
While the coverage of its sustainability program is very broad, SM Investments Corporation (SMIC), the holding company of the SM Group, is putting more emphasis on projects that have the greatest impact on people and the environment through a more practical approach. Acknowledging the critical role...
SM Hotels and Conventions Corporation (SMHCC), a member of the SM Group under SM Prime Holdings Inc., is opening 1,700 new hotel rooms in the next four years, largely in the provincial areas to serve the growing local tourism industry. In a statement, SM Hotels said it is adding over 1,400 hotel...
The Sy family’s flagship SM Investments Corporation has been recognized by Hong Kong-based magazine Alpha Southeast Asia as the best company in the Philippines with the Strongest Adherence to Corporate Governance. Given during the magazine’s 14th Institutional Investor Corporate Awards, this...
SM Markets, the retail grocery arm of the SM Group’s SM Retail, is planning to open 10 to 15 new stores outside Metro Manila this year to provide for the essential needs of Filipino communities in underserved areas in the provinces. “Service is at the heart of everything we do. As we grow, we...
Goldilocks Bakeshop, Inc., one of the most enduring and beloved Filipino brands in the SM group’s portfolio investments, is boosting its expansion through partnerships as it rolls out an additional 30 franchise-owned stores in 2024. In a statement, SMIC said Goldilocks has 926 stores as of...
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 Investments Corporation (SMIC) and subsidiary SM Prime Holdings Inc. reported that they have jointly established a $3.0 billion Multi-Issuer European Medium Term Note (EMTN) Programme. In a disclosure to the Philippine stock Exchange, SM Prime said the EMTN Programme was established through SMIC...
