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After 2GO, SM group not looking to buy other logistics firms

Sep 20, 2017 - 7:45 PM

The president of SM Investments Corporation says their plate is 'full' when it comes to the logistics sector

PLATE IS FULL. 'No. At this time, we are fairly new in 2GO. We believe there is a lot of growth opportunities in 2GO,' SMIC chief Frederic DyBuncio replies when asked if SM is interested in other logistics firms. Photo by Rob Reyes/Rappler

Bayan Muna asks SC to compel telcos to refund P18-B 'excess' text fee

Sep 19, 2017 - 9:49 PM

The petition covers Globe Telecom, Smart Communications Incorporated, and Digitel Philippines Incorporated, which is the operating company of Sun Cellular

INTERVENTION. Bayan Muna wants the Supreme Court to intervene and green light the refund order against telecommunication companies.

5 ways to make a rented space feel like your own

Sep 19, 2017 - 9:34 PM

Turn your rental into a dream home with these designer-recommended tricks

ADORNMENTS. When it comes to decorating a rented space, accessories are your best friend. Photo by Martin San Diego/Rappler

After a decade, construction of MRT-LRT Common Station to begin in September

Sep 19, 2017 - 9:10 PM

The coveted project has seen 3 transportation secretaries come and go. Finally, the construction will start on September 29.

SM Supermalls launches Christmas countdown

Sep 19, 2017 - 2:20 PM

Special treats await shoppers during the hundred-day countdown. Check out the full list of promos, activities, and exhibits below

Travel through time with SM Supermalls and Timex

Sep 17, 2017 - 7:09 AM

Until October 31, you can purchase iconic watches, enjoy free watch services and on ground activities at participating SM malls

CLASSIC TIMEPIECE. Check out available watches to suit every lifestyle at the time-travel themed exhibit which runs from September 1 to October 31. All photos by Leanne Jazul/Rappler

Living in a condo? Here are 5 tips for decorating your small space

Sep 13, 2017 - 9:00 PM

Just because you’re short on space doesn’t mean you have to be skint on style

Photo by Martin San Diego/Rappler

LOOK: What's on CINE LOKAL this September

Sep 13, 2017 - 5:00 PM

Select SM cinemas have been showcasing indie films on a regular basis; with the screening of at least one indie film every single week

PUTI. Mike Alcazaren's 2012 thriller is returning to movie screens this month for Cine Lokal. Screengrab from YouTube.com/TV5Philippines

SM Prime to open mall in Puerto Princesa, Palawan

Sep 13, 2017 - 4:50 PM

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

ITS FIRST. SM City Puerto Princesa will have 3 levels of retail and dining floors, a supermarket, 3 158-seater SM digital cinemas, and two 48-seater Director's Club cinemas. File photo Rappler

SM wants to buy into Goldilocks

Aug 29, 2017 - 1:40 PM

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

NEW PROSPECT. The country's largest mall developer plans to acquire shares in Goldilocks Bakeshop. Photo from Wikipedia commons

LOOK: SM Youth's SMYTH line features Troye Sivan

Aug 18, 2017 - 11:00 AM

The South African Australian Youtuber turned singer is the face of equal opportunity threads that celebrate being youth AF

YOUTH. Troye Sivan is the brand ambassador for SM Youth's new SMYTH collection. Photo courtesy of SM Youth

Philippine retail industry gears up for the future

Aug 14, 2017 - 7:45 PM

While e commerce is a force that won t be held back traditional brick and mortar retailers are in the best position to take advantage of that revolution according to the Philippine Retailers Association

Davao City Mayor Sara Duterte-Carpio during the Philippine Retailers Association Stores Asia Expo '17 at the SMX Convention on August 10, 2017.

Hit or miss? North Korea's Guam strike plan

Aug 10, 2017 - 8:18 PM

Would the North be able to carry out the launching of a salvo of 4 intermediate range missiles towards Guam? Can the US stop it? Here s what people know so far

MISSILE STRIKE? This screen grab taken from North Korean broadcaster KCTV on March 7, 2017 shows ballistic missiles being launched during a military drill from an undisclosed location in North Korea. File photo by KCTV/AFP

SM Investments earns over P16 billion in just 6 months

Aug 09, 2017 - 4:55 PM

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

Aug 07, 2017 - 5:45 PM

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

Pasay City councilor shot dead in SM Southmall

Aug 05, 2017 - 9:42 PM

6th UPDATE Pasay City Councilor Borbie Rivera is declared dead on arrival in Asian Hospital at 8:57 pm on Saturday

Cybermonth 2017: ‘A grand festival for techies and gamers’

Aug 04, 2017 - 7:01 PM

For the entire month of August techies and gamers can check out the latest gadgets out in the market at SM Supermalls – and enjoy some perks too

CYBERMONTH. Students, professionals and techies gathered in the SM Cyberzone Annex in SM North Edsa to check out the latest gadgets and technology now made available. Photos by Leanne Jazul/Rappler

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

Fire hits SM North EDSA

Jul 16, 2017 - 9:35 PM

UPDATED SM Supermalls says the situation is already contained and no one was hurt in the fire that hit the warehouse of its department store

Firefighters respond to a electrical fire reaching 3rd alarm at the warehouse of the 4th floor of the department store inside the SM North Edsa in Quezon City on July 16, 2017. Photo by Ben Nabong/Rappler

Ex-2GO chief decries attack over accounting scandal

Jul 14, 2017 - 1:51 PM

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

ACCOUNTING SCANDAL. 2GO last week restated its 2015 and 2016 financial statements, after a special audit requested by the firm's new management. Rappler file photo

Doubts hound KPMG following 2GO accounting scandal

Jul 13, 2017 - 5:30 PM

But KPMG RG Manabat says that its audit was based on the judgment and estimates made by 2GO management during that period

AUDITING FINANCIALS. Data from the Philippine Stock Exchange shows top 5 external auditing firms are SGV; Punongbayan & Araullo; KPMG; Reyes, Tacandong & Company; as well as Isla Lipana & Company. PSE file photo

Mimpi Indonesia hasilkan talenta kelas dunia seperti Korea Selatan

Jul 09, 2017 - 9:15 AM

Dubes Umar telah melakukan pendekatan agar SM Entertainment bersedia membuka kantor di Indonesia

KELAS DUNIA. Duta Besar Indonesia untuk Korea Selatan, Umar Hadi mengaku terkesima dengan konser SM TOWN ENTERTAINMENT yang digelar pada Sabtu malam, 8 Juli. Foto oleh KBRI Seoul

LOOK: Troye Sivan is in Manila

Jun 29, 2017 - 11:15 PM

The Australian singer is in the Philippines for a project with SM

FAST FACTS: SM Investments Corporation

Jun 28, 2017 - 7:45 PM

Here s what every consumer should know about SM Investments Corporation the conglomerate of the Philippines richest man

SM Cherry Antipolo set to open

Jun 28, 2017 - 3:35 PM

SM Cherry Antipolo opening on June 30 is the 63rd SM mall in the Philippines By the end of the year SM City Puerto Princesa will also be opened

63RD MALL. SM says the 3-level mall is already 55% leased to tenants when it opens on Friday, June 30. Image from Facebook page of SM Cherry Antipolo

Doing business under Duterte? Philippines' richest family shows how

Jun 21, 2017 - 7:13 PM

Henry Sy Sr s conglomerate is expanding its presence in China and Mindanao His group has also started submitting unsolicited proposals for public infrastructure

20 Philippine companies in Nikkei's top 300 Asian firms list

Jun 18, 2017 - 11:10 PM

SM Prime and Universal Robina make it to the top 30 while Bloomberry – the owner of Solaire Resort and Casino – joins the list for the first time

ASIA'S BEST. SM Prime Holdings Incorporated and Universal Robina Corporation made it to the top 30 of Nikkei's Asia300

Proposed SEC rule to hit San Miguel, PAL Holdings, Andrew Tan firms

Jun 17, 2017 - 10:49 AM

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

RAISE. The SEC proposed to double the minimum public float level to 20% by July 1, 2017.

Alejandro De Castro: A new beginning at 100

Jun 16, 2017 - 5:01 PM

The co founder of the Makati Stock Exchange is celebrating his centenary year with his first one man show at SM Aura Premier this month

Mau jadi bintang K-Pop? SM Entertainment siap hadir di Indonesia

Jun 04, 2017 - 5:55 PM

SM akan mendirikan semacam perusahaan di tanah air bagi anak anak muda Indonesia

KBRI Seoul saat mengundang SM Entertainment untuk berbuka puasa bersama, Sabtu (3/6). Foto Istimewa

Dubes RI untuk Korsel kagumi "tongkat ajaib" di konser EXO

May 29, 2017 - 1:08 PM

Dibahas juga rencana mengadakan konser SM Town di Jakarta tahun ini juga

Dubes Umar Hadi bersama CEO SM Entertainment, Lee Soo Man dan personel EXO sebelum konser di Seoul, 28 Mei. Foto istimewa.

8 Philippine companies among world's largest listed firms

May 25, 2017 - 8:00 PM

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

LISTED. 8 Philippine companies were included in the Forbes' list of 2000 largest public companies in 2017.

QC Council exempts 1,714-unit SMDC project from zoning law

May 19, 2017 - 7:33 PM

The Quezon City Council reasons that the condominium complex will not damage the surrounding community and will even help in development as it aims to provide affordable housing

EXEMPTED. SM Development Corporation has been exempted in constructing an 11-building condominium complex at the north of Quezon City.


SM redefines art spaces with 'Art in Aura'

May 17, 2017 - 2:49 PM

The campaign aims to take art out of the gallery and bring it to urban spaces making it more accessible to everyone

Discover a fun family experience as SM partners with international brands

May 12, 2017 - 11:26 PM

Promos on gadgets and home appliances from LG await mall goers this May

Photo by Alecs Ongcal/Rappler

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

SM Investments shakes up management, prepares 3rd generation

Apr 27, 2017 - 8:45 AM

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

MANAGEMENT SHAKE UP. Frederic DyBuncio, 57, replaces Harley Sy as the president of SMIC. All photos by Rob Reyes/Rappler

SM Prime, Ayala to defy China's slowdown

Apr 26, 2017 - 9:15 AM

While SM Prime plans to increase its investments in China Ayala is in talks with several Chinese firms that are interested in venturing into Philippine infrastructure

CHINESE TASTES. SM City Xiamen shows how well SM has adapted to China. It started as a mass market department store in 2001, then expanded to a lifestyle mall with upscale brands. Photo by Mia Gonzales/Rappler

#ThewRap: Videos you need to watch this week, April 17-23, 2017

Apr 23, 2017 - 12:43 PM

Must watch videos from the past week

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

#ThewRap: Things you need to know, April 20, 2017

Apr 20, 2017 - 11:30 AM

Hello Here are the stories you shouldn t miss this Thursday

WATCH: 'I'm not allowed to speak in Filipino' – Sponge Cola vocalist

Apr 19, 2017 - 10:55 PM

Singer and songwriter Yael Yuzon likens what happened at a Megamall gig to an obstacle course

Logistics boosts 2GO's net income in 2016

Apr 17, 2017 - 6:20 PM

The management of 2GO attributes the strong performance to sustained topline growth coupled with improved cost efficiencies

LIFTED BY LOGISTICS. 2GO's non-shipping revenues grows by 30% to P10.32 billion in 2016 due to increased service offerings and improved market share from its major accounts. Screenshot from 2GO website

Phoenix boss Dennis Uy replaces Tagud as head of 2GO

Apr 10, 2017 - 7:07 PM

The Davao based Uy also serves as the chairman of Udenna Corporation the parent firm of Phoenix Petroleum Corporation and Chelsea Logistics Corporation

NEW CHIEF. Dennis Uy replaces Sulficio Tagud Jr. as president and CEO of 2GO's parent firm, NENACO. Photo of Uy from Apex Mining website

How SM Investments acquired stake in 2GO

Apr 04, 2017 - 2:25 PM

The Sy led conglomerate acquires a 34 5 stake in 2GO s parent company for 124 50 million

NEW INVESTOR. SM Investments Corporation is a new investor in 2GO, through a deal with its parent firm. Here is the brand structure of the logistics firm. Screenshot from 2GO website

Can conglomerates foster inclusive development in PH?

Apr 03, 2017 - 10:00 AM

The country faces a dilemma in development as it strives to achieve growth and progress amid distress and poverty

DILEMMA. The Philippines is one of the fastest growing economies despite having the third highest poverty incident rate in ASEAN.

SM enters logistics through stake in 2GO

Mar 31, 2017 - 8:13 PM

SMIC s new 34 5 stake in 2GO marks the marriage of the Philippines largest retailer with the country s largest logistics provider

Lorenzana: Navy set to assist further studies on Benham Rise

Mar 24, 2017 - 12:15 PM

The Philippine Navy has acquired a research vessel from the US the BRP Gregorio Velasquez

ANTI-PIRACY PATROLS. Department of National Defense (DND) Secretary Delfin Lorenzana gestures during a press conference at the Armed Forces of the Philippines (AFP) headquarters in Manila on March 9, 2017. Photo by Noel Celis/ AFP

PCC allows SM Investments to buy dormitory developer

Mar 19, 2017 - 11:45 PM

If pursued this will mark the SM group s entry into the country s rental housing market

HOUSING RENTAL. It was in October last year when SM Investments proposed to buy 61.2% shares in Philippines Urban Living Solutions. Background photo from Wikimedia

Why SM Investments lost P73 billion in a day

Mar 10, 2017 - 9:37 PM

SM Prime Holdings Incorporated overtakes SM Investments as the country s most valuable listed company in terms of market capitalization

SHARP DROP. The drop in SM shares dragged the Philippine Stock Exchange index (PSEi), which fell 149.18 points or 2.05% to close at 7,146.27 on Friday, March 10.