Most of the Philippines’ 50 Richest on the Forbes Magazine list continue to increase their wealth with three newcomers on the list as the fortunes of the Gotianun, Yuchengco, and Lopez families have been passed on to the next generation. The combined wealth of tycoons on the 2023 Forbes list of...
2GO Group Inc., one of the country’s largest sea travel transportation solutions providers and a part of the Sy family’s SM Investments Corporation, has recently been accredited by the Department of Tourism (DOT) as a Tourism Water Transport Operator and Tourism Water Vessel. In a statement,...
SM Investments Corporation (SM Investments), the flagship of the Sy family, reported a 32 percent growth in its consolidated net income to P36.5 billion in the first half of 2023 from P27.7 billion in the same period last year. In a disclosure to the Philippine Stock Exchange, the firm said...
SM Investments Corporation (SM Investments), one of the leading conglomerates in the Philippines has recently received three major wins at the 13th Asian Excellence Award of Corporate Governance Asia. The Hong Kong-based magazine conferred SM Investments with multiple awards including Asia’s...
SM Investments Corporation (SMIC) reported a 27 percent jump in consolidated net income to P25.5 billion in the first half of 2022 from the P20.1 billion it earned in the same period last year. In a disclosure to the Philippine Stock Exchange, the firm said consolidated revenues rose 23 percent to...
The SM group of companies was one of the most awarded in the recently held Golden Arrow Awards by the Institute of Corporate Directors (ICD). In a statement SM Investments Corporation said nine companies of the SM Group were recognized for excellence in performance in Corporate Governance. From...
Metro Pacific Investments Corporation (MPIC) is expanding its agriculture business by acquiring a 34.76 percent stake in listed coconut products exporter Axelum Resources Corporation for P5.32 billion. In a disclosure to the Philippine Stock Exchange, Axelum said it has entered into a strategic...
SM Investments Corporation is optimistic about its prospects this year as it pushes forward with its expansion and growth plans to reach more communities. “We are investing in the future growth of the Philippines as it continues to present tremendous potential,” SM Investments Corporation...
SM Investment Corporation’s logistics unit 2GO Group announced that it is now the country’s first to have mixed temperature vans that will boost the safe and secure transport of perishable goods. In a statement, the pioneer in less than container load (LCL) reefers in the Philippines said the...
Metro Pacific Investments Corporation’s possible voluntary delisting from the Philippine Stock Exchange is among the options being discussed by the firm’s board of directors due to the low market price of its shares. In a disclosure to the bourse, MPIC said it “discusses several options...
The SM Group of companies bagged six trophies during the ASEAN Corporate Governance Scorecard (ACGS) Awards which was hosted by the Institute of Corporate Directors Philippines. In statement, the group said SM Investments Corporation, SM Prime Holdings Inc., BDO Unibank Inc., China Banking...
SM Investments Corp. is looking forward to continue working with communities, particularly through micro, small and medium enterprises (MSMEs), to sustain and support growth and recovery. As SM pursues expansion and growth, the firm said it contributes to increasing economic activity and growing...
