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SMIC profit jumps 13% in 2018

SM INVESTMENTS Corp. (SMIC) increased its earnings by 13% in 2018, as the company’s property, banking, and retail units continued to show steady growth.

Honoring a father

Of all the titans in Philippine business, there are few, if any, who can match the legacy of SM Group of Companies founder Henry...

A partner for sustainable development

SM Investments Corp. (SMIC), one of the largest and most successful conglomerates in the Philippines, was built from the ground up by the late...

SM founder Henry Sy, Sr passes away

Henry Sy, Sr., country’s richest man and the founder of the largest chain of shopping malls in the Philippines, passed away on Saturday morning,...

Henry Sy-led SMIC looking to shift investment strategy

THE holding firm of country’s richest man Henry Sy, Sr. is shifting its investment strategy, favoring businesses where they can secure a minority position instead of taking full control of the company.

SMIC says in final stages of acquiring 34% stake in Goldilocks

SM INVESTMENTS Corp. (SMIC) said it is in the final stages of acquiring a 34% stake in Goldilocks Bakeshop, Inc., months after the deal to fully purchase the business fell through.

SM to acquire 34% of Goldilocks

SM Investments Corp. said it is in the final stages of acquiring a 34% stake in Goldilocks Bakeshop, Inc., months after the deal to...

Property, retail drive SMIC profit higher

SM Investments Corp. (SMIC) reported a nine percent increase in earnings during the first six months of 2018, boosted by the double digit growth of its property and retail units amid flattish results from the banking business.

SM Investments earnings up in H1

SM Investments Corp. (SM) reported a nine percent increase in earnings during the first six months of 2018, boosted by the double digit growth...

SMIC ‘extremely strong’ debt rating retained

LOCAL DEBT watcher Philippine Rating Services Corp. (PhilRatings) retained its PRS Aaa rating for SM Investment Corp. (SMIC)’s outstanding bonds worth P47.3 billion.

Malls drive SMIC income 10% higher in Q1

SM INVESTMENTS Corp. (SMIC) grew its consolidated net income by 10% to P8.5 billion in the first quarter, driven by its shopping malls, real...

2GO Group, Inc.: Moving businesses and the country forward

2GO Group, Inc. is regarded as one of the premier transport and logistics providers in the Philippines which legacy of leadership and services was...

SMIC net income up by 6% in 2017

The holding firm of country’s richest man Henry Sy, Sr. clocked in a 6% growth in earnings in 2017, fueled by the continued expansion...

2Go invests in Mober online delivery service

SM Investments Corp.’s integrated transport solutions provider 2GO Group, Inc. (2GO) is investing in the online delivery service Mober Technology PTE. In a statement issued...

SMIC net income up 8% to P23.8 billion

THE EXPANSION of country’s richest man Henry Sy, Sr.’s shopping mall empire alongside strong sales of residential properties drove SM Investments Corp. (SMIC)’s consolidated...

Washington SyCip: A man for all seasons

By Jose T. Sio Chairman of the Board, SM Investments Corp. My journey with my mentor, Washington SyCip, started a little over five decades ago when...

More MyTown dorms to open in next 12 months

SM INVESTMENTS Corp. (SMIC) expects a total of 12 dormitory buildings under the MyTown brand to be up and running within the next 12...

SMIC upbeat on prospects despite peso depreciation

SM Investments Corp. remains upbeat about the conglomerate’s prospects despite the depreciation of the Philippine peso, a top company official said. SM Investments Vice-Chairperson Teresita...