Rappler's latest stories on SM Investments
SM Investments earns P44.6 billion in 2019
SM ended 2019 with total assets growing to a massive P1.1 trillion
SM-Ayala consortium breaks ground on Cebu SRP project
Cebu City Mayor Edgar Labella says the project is expected to generate over P316 billion in investments and 2 million direct and indirect jobs
SM net income up by 27% to P23 billion in H1 2019
As of end-June 2019, SM's total assets are at P1.1 trillion, a 5% growth
Malacañang: Henry Sy Sr a 'pillar of Philippine economy'
(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
SM gets income boost from property, retail units
The listed conglomerate of the Philippines' richest man posts a 10% rise in net income for the 1st quarter of 2018, thanks to its core businesses
SM Group to expand, but not keen on telco
SM Investments Corporation does not plan to go into the telecommunications industry, citing its lack of know-how and the high capital budget requirement
Henry Sy Jr retires early from NGCP
The son of the country's richest man leaves the National Grid Corporation of the Philippines 'to focus on his real estate business'
Property still drives SM's healthy financials in 2017
The listed conglomerate of the Philippines' richest man posts consolidated revenues of P396.1 billion in 2017, 9% higher than the level in 2016
Sy, Zobel still in, Aboitiz out of Forbes' list of Asia's richest families
Two prominent Filipino clans are included in the magazine's annual list of the 50 wealthiest business dynasties in the region
SM Investments' income up on strong core businesses
The listed conglomerate of the Philippines' richest man, Henry Sy Sr, benefits from growth in its property and retail units
SM Prime income surges 16% on steady mall rental, residential sales
SM Prime attributes revenue growth to higher rental revenues, steady improvement in same-mall-sales, and higher contribution from residential sales
After 2GO, SM group not looking to buy other logistics firms
The president of SM Investments Corporation says their plate is 'full' when it comes to the logistics sector
SM Prime to open mall in Puerto Princesa, Palawan
Once the mall opens on Friday September 15 it will be competing with Robinsons Place Palawan Chinatown Center Palawan NCCC Mall and LRC 908 Market Mall
SM wants to buy into Goldilocks
The conglomerate of Henry Sy Sr the country s richest man is in preliminary talks with Goldilocks the country s largest bakeshop chain for a potential investment
SM Investments earns over P16 billion in just 6 months
Even without the benefits of an election year the Philippines biggest conglomerate sustains growth across its core businesses
Mall operations continue to drive SM Prime's net income
The additional 1 1 million square meters of retail space from new malls as well as expansions between 2015 and 2017 drive growth in SM Prime s mall rentals
Ex-2GO chief decries attack over accounting scandal
The only explanation for this fiasco is that the new external auditor might have found an opportunity to get back at us says Sulficio Tagud Jr
Doubts hound KPMG following 2GO accounting scandal
But KPMG RG Manabat says that its audit was based on the judgment and estimates made by 2GO management during that period
FAST FACTS: SM Investments Corporation
Here's what every consumer should know about SM Investments Corporation, the conglomerate of the Philippines' richest man
Doing business under Duterte? Philippines' richest family shows how
Henry Sy Sr s conglomerate is expanding its presence in China and Mindanao His group has also started submitting unsolicited proposals for public infrastructure
Proposed SEC rule to hit San Miguel, PAL Holdings, Andrew Tan firms
About 68 listed Philippine firms including 4 Andrew Tan led businesses will need to sell more shares to the public if SEC hikes the minimum public float to 20
8 Philippine companies among world's largest listed firms
SMIC BDO JG Summit Ayala Top Frontier Metrobank Aboitiz and Meralco – with a combined market value of 72 4 billion – make it to Forbes 2017 Global 2000 list
SM Investments shakes up management, prepares 3rd generation
It is an indication that the family would like to professionalize the management of the SM group in preparation for the future says its new chairman Jose Sio
Logistics boosts 2GO's net income in 2016
The management of 2GO attributes the strong performance to sustained topline growth coupled with improved cost efficiencies
Phoenix boss Dennis Uy replaces Tagud as head of 2GO
The Davao based Uy also serves as the chairman of Udenna Corporation the parent firm of Phoenix Petroleum Corporation and Chelsea Logistics Corporation
How SM Investments acquired stake in 2GO
The Sy led conglomerate acquires a 34 5 stake in 2GO s parent company for 124 50 million
SM enters logistics through stake in 2GO
SMIC s new 34 5 stake in 2GO marks the marriage of the Philippines largest retailer with the country s largest logistics provider
PCC allows SM Investments to buy dormitory developer
If pursued this will mark the SM group s entry into the country s rental housing market
Why SM Investments lost P73 billion in a day
SM Prime Holdings Incorporated overtakes SM Investments as the country s most valuable listed company in terms of market capitalization
Property, banking fuel SM Investments' net income
The Sy family s property and banking businesses continue to drive their conglomerate s financial performance
DOLE: 10,532 workers regularized so far under Duterte admin
We are on track in our objective to reduce illegitimate contractualization practices and endo by 50 by the end of 2016 and abolishing it by 2017 says Labor Secretary Silvestre Bello III
SM Prime to open 7 new malls in 2017
By end of 2017 SM Prime will have 67 malls nationwide
Henry Sy still PH's richest man for 9th straight year – Forbes
The biggest gainer on the list of richest Filipinos percentage wise is Edgar Sia II
SMIC posts 8% income growth, plans more land reclamation
The conglomerate plans to reclaim 660 hectares of land in Manila Bay in partnership with the city governments of Parañaque and Pasay for a mixed use development
Top 10 companies 'Filipinos want to work for' in 2016
Jobstreet asks over 14 000 Filipinos which company they want to work for Here are the top 10
Luxury hotel Conrad Manila opens its doors
The SM owned Hilton managed hotel is located in the flourishing Bay City district
SMIC retains capital spending budget of P85B in 2016
Bulk of the budget will be used to launch more shopping malls hotels office developments and residential projects
SM Investments Corp: We don't practice contractualization
SMIC President Harley Sy says his company hires seasonal workers to augment its workforce which is legally allowed and similar to part time jobs
New UP campus in BGC to open this 2016
UPDATED UP Vice President for Public Affairs Prospero de Vera says UP BGC s College of Law will offer two classes starting school year 2016 2017
UP expands to Taguig with new building
Henry Sy Sr Hall will serve students of both graduate and undergraduate levels
SM, Berjaya execs to PH: Focus on vocational training than K to 12
For a country like ours we need more vocational schools We need labor and we need that for economic growth I don’t think we re in dire need of special skills at this point SMIC s Teresita Sy Coson says during FGCEO2015
Cherry Foodarama to reopen, now under SM management
Branches in Shaw and Congressional will reopen this week nearly 3 months since SM Investments Corporation acquire the grocery chain
Sy, Ayala, Aboitiz in Forbes' list of Asia's richest families
The 3 prominent Filipino clans are included in the magazine s inaugural list of the 50 wealthiest business dynasties in the region
DTI chief makes final push for MSMEs initiatives
Gregory Domingo also confirms he will stay as DTI chief at least until after the country s hosting of the APEC Leaders’ Summit in November
Belle Corp's net income halved in H1
Without non recurring gains from last year Belle Corporation would have doubled its recurring profit in the first half of 2015
SM to seal deal with Cherry Foodarama in June
The conglomerate is set to acquire majority interest in the pioneering grocery business
8 PH firms in Forbes 'world’s biggest public companies' list
The PH firms make it to the list of 2000 largest public companies as measured by revenues profits assets and market value
Manila to host 15th Forbes Global CEO Conference in October
It will be the first time for the country to host the annual gathering of the ‘world’s most economically powerful business people’
Holding firm of PH's richest man nets P28.4B in 2014
Henry Sy’s holding firm is up 3 6 on strong performance of its banking real estate and retail units
