SM Investments Corporation (SMIC) reported that it is advancing meaningful discourse on climate action and fostering partnerships aligned with efforts to support the country’s commitment to address climate change. In a statement, the firm said it extended its support for the promotion of a low...
SM Investments Corporation, the flagship of the Sy family, is alloting capital expenditures of P110 billion to P115 billion this year, 44 percent higher than the P80 billion spent in 2023, even as it continues to be cautiously optimistic about its prospects. During a briefing after the firm’s...
The Sy family’s SM Investments Corporation, one of the country’s biggest conglomerates, will be launching through the SM Store’s SM Green Finds program a collaboration project with social enterprises to emphasize the significance of circularity. In a statement, the firm said this...
SM Development Corporation (SMDC), the residential business unit of the SM Group’s SM Prime Holdings Inc., is looking towards the provinces which offer the company strong growth potential because many areas still remain unserved. SM Investments Corporation President and CEO Frederic C. DyBuncio...
The SM Group recognizes agriculture as one of the major sectors in the country with over 10 million individuals in the industry and that its support of the sector leads to improved livelihoods, food security and a stronger economy. Through food retail affiliate and community shopping mall...
Several efforts have been undertaken, particularly by big businesses, as calls for inclusiveness and diversity mount not just in the global arena but locally, as well. One of the Philippine conglomerates that take to heart this effort is the SM Group, which business interests span across multiple...
The Sy family’s flagship SM Investments Corporation (SMIC) has come in as a strategic partner in Citicore Energy REIT Corporation (CREIT) with the acquisition of a 28.79 percent stake for P5 billion from shareholders led by billionaire Edgar Saavedra. In a disclosure to the Philippine Stock...
SMIC expansion to focus more outside NCR By James A. Loyola The Sy family’s flagship SM Investments Corporation (SMIC) is increasing its focus on the countryside as it continues to see potential for regional development and targeted high growth sectors. In a statement, the firm said...
Recently-delisted conglomerate Metro Pacific Investments Corporation expects to continue posting double digit growth this year after it reported a 90 percent surge in consolidated net income to a record P19.9 billion last year from P10.5 billion in 2022. MPIC Chairman, President, and CEO Manuel V....
While its core banking, retail, and real estate businesses continue to generate huge profits, SM Investments Corporation (SMIC) is relying on its portfolio investments for future growth and to steadily increase its share in total earnings in the coming years. SMIC President and CEO Frederic C....
The Sy family’s flagship SM Investments Corporation (SMIC) reported a 25 percent growth in consolidated net income to P77 billion in 2023 from the P61.7 billion earned in 2022 as the company continues to address needs of customers amid uncertain economic conditions. In a disclosure to the...
2GO Group Inc., the Philippines’ largest end-to-end transportation and logistics solutions provider and part of SM Group, has teamed up with the Department of Trade and Industry (DTI) to enable a community of online entrepreneurs in Central Luzon. Randy Zafra, 2GO Retail Operations Manager,...
