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...
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...
Metro Pacific Investments Corporation (MPIC) is now all set for delisting following the high acceptance rate of the management-led tender offer, which mopped up P28.42 billion worth of the firm’s free float shares. In a disclosure to the Philippine Stock Exchange (PSE), GT Capital Holdings Inc....
SM Investments Corporation (SMIC), a leading conglomerate in the Philippines, was recognized for its sustainability initiatives across the group at the recently concluded 15th Global Corporate Social Responsibility & Environmental Social Governance Summit and Awards. In a statement, the...
The Government Service Insurance System (GSIS) assured that it will not be standing in the way of the planned voluntary delisting of Metro Pacific Investments Corporation (MPIC) as it intends to remain a shareholder of the conglomerate even if it is delisted. In a disclosure, MPIC said it was...
The Sy siblings' SM Investments Corporation (SMIC), one of the Philippines' leading conglomerates, bagged the top spot in two categories in the recently concluded 13th Institutional Investor Corporate Awards by Alpha Southeast Asia magazine. During the event, SMIC was recognized as still the...
Instead of preparing to divest its stake in Metro Pacific Investments Corporation (MPIC), the Government Service Insurance System (GSIS) has been buying more shares to increase its stake in the conglomerate—enough to derail the management-led tender offer and delisting plan. In a disclosure to...
SM Investments Corporation (SMIC), the Sy family’s flagship and one of the leading conglomerates in the country, continues to provide growth opportunities to its micro, small and medium enterprise (MSME) partners across its core businesses of retail, property, and banking. In a statement, the...
SM Investments Corporation (SMIC) has confirmed that the planned $1-billion initial public offering (IPO) of real estate SM Prime Holdings Inc., one of the largest integrated real estate companies in Southeast Asia, will be moved to 2024 instead of later this year. During the investor conference...
Digital Advantage Corporation, SM Investments Corporation’s subsidiary managing the SM Advantage Card, now has 4,000 partner stores in the conglomerate’s ecosystem of retail businesses nationwide. From left to right: Roberto Claudio Sr., President, Philippine Retailers Association (PRA);...
SM Investments Corporation (SM Investments), the Sy family’s flagship and one of the leading conglomerates in the Philippines, won a Stevie at the 20th Annual International Business Awards. In a statement, the firm said it bagged the Stevie Award as Bronze Winner for the Best Annual Report –...
While some bargain hunting may be seen this week at the stock market, sentiment will continue to be weighed down by slower economic growth, inflationary pressures, and the start of the Chinese ghost festival. “With our second quarter Real Gross Domestic Product growth coming in below...
