Metro Pacific Investments Corporation (MPIC), the country’s leading infrastructure investments company, is acquiring a controlling stake in dairy firm Carmen’s Best Group of the Magsaysay family for P198 million. In a press briefing, MPIC Chairman Manuel V. Pangilinan said they have entered...
SM Investments Corporation, the flagship of the Sy family, posted a 27 percent growth in consolidated net income to P12 billion in the first quarter of 2022 from P9.5 billion in the same period last year. In a disclosure to the Philippine Stock Exchange, the firm said its consolidated revenues in...
Metro Pacific Investments Corporation (MPIC) reported a 23 percent growth in consolidated core net income to P3.1 billion for the first quarter of 2022 from the P2.5 billion earned in the same period last year. In a media briefing, MPIC Chief Finance, Risk and Sustainability Officer Chaye A....
SM Investments Corporation announced the release of its Integrated Report for 2021 to communicate the value of sustainable business practices across its portfolio. In a statement, the firm said the report features stories on innovation and community support amid the ongoing impacts of the COVID-19...
SM Investments Corporation is bullish about the outlook for business with the revival of economic activities in the country. “We are encouraged by the continued recovery of our businesses which were severely affected by the pandemic. Our expansion plans remain on track and will accelerate as...
SM Investments Corporation’s shareholders have approved the company’s acquisition of Philippine Geothermal Production Company (PGPC) through the merger of SMIC with PGPC owner Allfirst Equity Holdings. In a statement SMIC said the acquisition is in line with its strong commitment to...
SM Investments Corporation, the flagship of the Sy family, remains on the lookout for high growth potential companies in the Philippines to beef up its investment portfolio. “We continue to be cognizant of companies in the Philippines that have the potential for high growth in the country,”...
SM Investments Corporation (SMIC) is acquiring 81 percent of Allfirst Equity Holdings Inc. (Allfirst), to gain full ownership of Philippine Geothermal Production Company, Inc. (PGPC), for P15.73 billion. In a disclosure to the Philippine Stock Exchange, SMIC said its Board of Directors has approved...
Metro Pacific Investments Corporation has acquired full ownership of affiliate Landco Pacific Corporation, a real estate developer, through the conversion of receivables worth P429.33 million into equity. In a disclosure to the Philippine Stock Exchange, MPIC said it has entered into deeds of...
SM Investments Corporation (SM Investments) and SM Development Corp. (SMDC) chalked up wins from the 57th Anvil Awards dubbed as the Gabi ng Parangal. Conferred by the Public Relations Society of the Philippines (PRSP), SM Investments gained the nod of the board of judges and won both Silver Awards...
Metro Pacific Investments Corporation reported a 20 percent improvement in consolidated core net income to P12.3 billion last year from P10.2 billion in 2020. In a press briefing, MPIC Chief Finance Officer June Cheryl Cabal-Revillas said “This substantial improvement from the 13 percent growth...
SM Investments Corporation, one of the country’s biggest conglomerates, reported a 65 percent surge in net income to P38.5 billion last year from P23.4 billion in 2020. In a disclosure to the Philippine Stock Exchange, the holding company of the Sy family said its consolidated revenues grew 9...
