SM Group - updates

Rappler's latest stories on SM Group


SM Group donates P100M worth of medical supplies to RITM, PGH

Mar 17, 2020 - 1:01 PM

The group is also helping to improve the availability of coronavirus testing kits

SM Group, Ayala Corp donate to fight coronavirus

Mar 17, 2020 - 12:45 PM

The conglomerates pledge protective equipment and medical supplies for government hospitals

SM not participating in Sangley Airport project

Oct 30, 2019 - 7:10 PM

SM Investments Corporation distances itself from the Sangley Airport project, while other companies tiptoe around the news

Malacañang: Henry Sy Sr a 'pillar of Philippine economy'

Jan 19, 2019 - 5:15 PM

(UPDATED) 'Mr Sy exemplified the hardworking Filipino. As a family man, he had moulded his children into his own image: humble, hardworking and a man of prophetic vision,' says Presidential Spokesperson Salvador Panelo

HALF-MAST. SM flags are at half-mast at the SM Mall of Asia, Pasay City on January 19, 2019 for the death of owner and tycoon Henry Sy. Photo by Inoue Jaena/Rappler

Labor groups thank Henry Sy Sr as 'biggest job provider'

Jan 19, 2019 - 3:54 PM

(UPDATED) 'We also recognize as part of his lasting legacy for workers and their families his last-minute efforts to commit to voluntarily regularize and directly hire thousands of SM employees into SM over a period of time,' a labor group says

JOBS. SM Supermalls have regularized more than 11,000 workers in 2018. Rappler file

Henry Sy Sr dies at 94

Jan 19, 2019 - 10:43 AM

(3rd UPDATE) SM Group founder Henry Sy Sr, the Philippines' richest man, passed away peacefully in his sleep,' the SM Group says in a statement

HENRY SY. Photo from Forbes

SM Group celebrates its 60th anniversary

Jun 11, 2018 - 3:16 PM

Expect fun activations and great deals until October!

SM 60th. Photo by Alecs Ongcal/Rappler

SM Group to expand, but not keen on telco

Apr 25, 2018 - 6:05 PM

SM Investments Corporation does not plan to go into the telecommunications industry, citing its lack of know-how and the high capital budget requirement

EXPANDING FOOTPRINT. SM president and chief executive officer Frederic DyBuncio says SM group is looking to invest in 'partners' in high-growth sectors. Photo by Rob Reyes/Rappler

Henry Sy Jr retires early from NGCP

Mar 07, 2018 - 5:00 PM

The son of the country's richest man leaves the National Grid Corporation of the Philippines 'to focus on his real estate business'

Belle Corp sees net income rise by 13% in 2017

Mar 02, 2018 - 6:01 PM

The operator of City of Dreams Manila hits consolidated revenues of P 8 billion as it eyes expansion in the near future

SM to open 3rd mall in Batangas on December 15

Dec 14, 2017 - 4:43 PM

The 3-storey SM Center Lemery is SM Prime's 3rd mall in the province and will add 25,000 square meters to the developer's total gross floor area

RISING SOON. The new SM Center Lemery will be opening its doors in time for the holidays. Image from SM Prime

Construction of MRT-LRT common station finally begins

Sep 29, 2017 - 4:19 PM

The station linking the MRT7, MRT3, and LRT1 lines is targeted for completion in two and half years, according to the Department of Transportation

DOTr Secretary Athur Tugade (6th-R) Executive Secretary Salvador Medialdea (7th-R) and PCCO Secretary Martin Andanar (5th-R) joint with Representatives From MRT-LRT and SM Mall and Trinoma Mall during the Groundbreaking Ceremony of the Common Station that will connect four lines (LRT1, MRT3,MRT7, and the Metro Manila Subway in North Triangle Transport Terminal, EDSA corner North Avenue, Quezon City on Friday, September 29,2017. Photo by DARREN LANGIT

AC Energy to expand in Indonesia, sells Chevron PH assets stake to SM group

Jul 25, 2017 - 9:01 AM

Ayala Corporation’s energy arm signs an agreement with UPC Renewebles to develop small island power projects in Indonesia and divests its stake in Chevron’s geothermal assets in the Philippines to an SM group linked investment firm

Ayala, SM taipans finally at ease over MRT-LRT common station

Apr 29, 2017 - 10:02 PM

At a recent government forum Jaime Zobel De Ayala and Teresita Sy Coson share a light hearted moment over the common station that their firms argued over for nearly 8 years

Story of Zalora deal points way for Ayala Corp’s dive into digital future

Apr 21, 2017 - 10:39 PM

Ayala Corp sees the move not just as an entry into ecommerce but as the foundation for logistics The deal itself shows how the conglomerate’s size and diversity helps it capitalize on new trends

Gov't loses bid to revoke 2009 compromise deal with Sabido

Apr 18, 2016 - 1:22 AM

The Sandiganbayan says the government is already bound by the commitment made in 2009 despite the claim of current PCGG leaders that the agreement was a midnight deal

UNDUE HASTE. THE PCGG's new leaders are questioning the actions of its former chairperson and commissioner, arguing that the compromise agreement was a midnight deal done during the last days of the Arroyo administration. Photo from Agence France-Presse

Sandiganbayan asked to block gov't bid to nullify Pimeco deal

Feb 08, 2016 - 1:38 AM

Peter Sabido ex majority shareholder of the sequestered firm argues that the government is bound by a previous agreement

DOTC insists TriNoma is the LRT-MRT common station site

Aug 22, 2014 - 12:58 PM

The agency is also still looking for a ‘win win’ solution pending its appeal to lift the TRO issued by the Supreme Court

DOTC appeals SC TRO on transfer of LRT-MRT common station

Aug 15, 2014 - 2:56 PM

The DOTC says it has submitted its comments on time through the Office of the Solicitor General

SM group lukewarm on proposed ‘mini’ LRT-MRT common station

Aug 06, 2014 - 7:51 PM

The Henry Sy led company says it only heard about the proposal from the media and it has not been formally informed

DOTC eyes ‘mini’ LRT-MRT common station to appease SM group

Aug 05, 2014 - 9:33 PM

The Japan International Cooperation Agency is studying if the LRT 1 MRT 3 and MRT 7 traffic will not be affected by the proposed “mini station” in front of SM City North EDSA DOTC says

SC halts transfer of LRT-MRT common station to TriNoma

Aug 01, 2014 - 2:28 PM

The High Court has given the DOTC and the Light Rail Transit Authority 10 days to respond to claims they have violated a 2009 MOA with SM Prime Holdings Inc

MPIC to finalize location of LRT-MRT common station

Jul 28, 2014 - 12:12 PM

The company is studying if building the common station in front of Ayala’s Trinoma mall is more advantageous to commuters businesses

SM’s petition for TRO on MRT-LRT common station denied

Jul 01, 2014 - 6:19 PM

Despite the absence of a temporary restraining order the Henry Sy led group says it will still pursue the case against the government

Why SM is after the MRT-LRT common station

Jun 14, 2014 - 5:46 PM

Saying it has a valid contract with government the company will fight tooth and nail for the station which is expected to bring high foot traffic to its largest mall in the Philippines

SM Group insists MRT-LRT common station MOA ‘valid’

Jun 10, 2014 - 6:23 PM

Pasay RTC gives DOTC LRTA 5 days to oppose SM’s claim over the P1 4 B project

COMMON STATION. The DOTC eyes one bidding for the LRT 1 Cavite Extension Project and the proposed common station linking LRT and MRT. Photo courtesy of Trinoma Mall official Facebook page and AFP File/Noel Celis

DOTC: MRT-LRT common station MOA with SM expired in 2011

Jun 09, 2014 - 7:12 PM

The 2013 NEDA approved ruling is in effect allowing the transfer of the common station the agency claims

COMMON STATION. The DOTC eyes one bidding for the LRT 1 Cavite Extension Project and the proposed common station linking LRT and MRT. Photo courtesy of Trinoma Mall official Facebook page and AFP File/Noel Celis

SM Group ‘not delaying’ the P65-B LRT 1 Cavite extension project

Jun 06, 2014 - 7:59 PM

The Henry Sy group also vows to fight for the P1 4 B MRT LRT common station contract

NOT DELAYING. SM Group clarifies it is not delaying the LRT 1 Cavite extension project, but will continue to fight for its LRT-LRT common station. Photo from the PPP Center

DOTC defends decision on MRT-LRT common station

Jun 05, 2014 - 10:36 PM

The government stands to save P800 million P1 billion if the proposed common station is constructed near Trinoma Mall instead of SM North EDSA mall

COMMON STATION. The DOTC eyes one bidding for the LRT 1 Cavite Extension Project and the proposed common station linking LRT and MRT. Photo courtesy of Trinoma Mall official Facebook page and AFP File/Noel Celis

SM Group sues gov't over LRT-MRT common station

Jun 03, 2014 - 5:02 PM

The Henry Sy led group is asking the Pasay court to stop the transfer of the common station to Trinoma mall and order the government to honor a MOA they signed in 2009

COMMON STATION. The DOTC eyes one bidding for the LRT 1 Cavite Extension Project and the proposed common station linking LRT and MRT. Photo courtesy of Trinoma Mall official Facebook page and AFP File/Noel Celis

SM group allots P80B for 2014 expansion

Mar 28, 2014 - 6:29 PM

Most of the amount will go to property arm SM Prime for residential mall and tourism related projects

GOING REGIONAL. Sy-led SM Group wants to be a major regional real estate player. Photo taken during the May 31 press briefing of SM Investments Corp with brothers Hans Sy (2nd from left) and Henry Jr. (3rd from left)

Smart money through the stock market: A wealth building summit

Mar 24, 2014 - 5:59 PM

Here s your chance to learn stock trading strategies from the experts and practitioners themselves

9 giant firms lead Yolanda rehab

Jan 23, 2014 - 6:11 PM

UPDATED Rehabilitation Secretary Panfilo Lacson says the private sector should be engaged and government should [only] be the fallback

Ayala no longer pursuing Pasay reclamation project

Nov 04, 2013 - 10:05 PM

The property giant asks the city to address crucial issues before bidding and awarding the P54 5 B project

UNRESOLVED ISSUES. Ayala Land raises concerns regarding the bidding of a Manila Bay reclamation project by the Pasay government

BDO tops Asian, world lists

Sep 13, 2013 - 6:54 PM

BDO Unibank the banking arm of the Philippines richest was named the top bank by elite finance magazines

Ayala's Bacolod project approved

Sep 10, 2013 - 8:48 AM

Commission on Audit favors Ayala Land s bid over SM s in 7 7 hectare Bacolod property deal

SM group keen on power generation biz

Sep 02, 2013 - 8:21 AM

The SM Group wants to invest in the lucrative power generation sector but it has to study first if it is allowed

Banking boosts profit of Henry Sy's SM

Aug 08, 2013 - 10:02 AM

First half earnings of SM Investments jump 16 to P12 6 B


BDO profits soar 143% to P14-B in Jan-June

Jul 30, 2013 - 10:04 AM

BDO Unibank Inc the banking arm of the Sy led SM Group has more than doubled its earnings in first 6 months

SM group eyes regional expansion

Jun 01, 2013 - 7:04 PM

The SM group wants to use their existing mixed use and integrated establishments as template for their future ventures

BIGGER TARGET. Sy-led SM Group wants to be a regional real estate powerhouse. Photo taken during the May 31 press briefing of SM Investments Corp with brothers Hans Sy (2nd from left) and Henry Jr. (3rd from left) by Lean Santos/Rappler

SM group creates property behemoth

May 31, 2013 - 12:13 PM

The Sy led SM Group consolidates its mall and property units and dislodges Ayala Land as the biggest property group in the Philippines

Mall in the middle: Cast of the SM Aura soap

May 26, 2013 - 11:03 PM

The soap opera that is SM Aura Premier revolves around 4 main characters BCDA the Ayala s the Sy s and Taguig City

SM group plans to build more convention centers

May 22, 2013 - 10:28 AM

Part of the strategic plan of the group is capturing the market that will be brought by the Asia Pacific Economic Cooperation APEC Summit in 2015

5 firms qualify for LRT-MRT ticket project - sources

May 08, 2013 - 4:21 AM

San Miguel fails to qualify sources say The SM Group the AF Consortium the Commworks Inc consortium E Trans Solutions JV Inc and Megawide Suyen Eurolink make the cut

TICKET TO RIDE. The DOTC has pre-qualified 5 companies for its LRT-MRT ticket project, according to a source. Photo obtained from the PPP Center

Atlas Mining Q1 earnings surge on lower costs

Apr 24, 2013 - 10:35 AM

Lower costs offset weak copper prices during the period

Photo from Atlas Mining website

Sy says 'confused' over SM-Ortigas-Ayala trilogy

Jul 04, 2012 - 11:58 AM

The the leader of the Sy s banking empire says the Ortigas deal is proving chaotic but she herself is not involved

Henry Sy's SM lukewarm on participating in PPPs

Apr 25, 2012 - 6:04 PM

Henry Sy Jr expresses guarded interest in the government s upcoming public private partnership projects

Robredo fails to break SM-protesters stalemate

Apr 17, 2012 - 7:25 AM

Protesters allowed to inspect the site where 182 trees were permitted to be earth balled and cut