SMIC
ARTICLE FINDER

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

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

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

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

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.

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.

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

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

Ayala, SM team up for alternate to EDSA

Mar 31, 2017 - 5:11 PM

The proposed P25 billion elevated expressway will be owned by both firms and built at no cost to the government

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

Property, banking fuel SM Investments' net income

Mar 01, 2017 - 9:10 PM

The Sy family s property and banking businesses continue to drive their conglomerate s financial performance

UPBEAT. SMIC says its property unit accounted for 39% of total earnings in 2016, with banks comprising 37% and retail 24%. Photo by Chrisee Dela Paz/Rappler

SM Prime to open 7 new malls in 2017

Aug 30, 2016 - 1:08 PM

By end of 2017 SM Prime will have 67 malls nationwide

AGGRESSIVE EXPANSION. The biggest mall to open in 2017 is SM Premier Cagayan de Oro with 81,133 sqm. Rappler file photo

Henry Sy still PH's richest man for 9th straight year – Forbes

Aug 25, 2016 - 1:35 PM

The biggest gainer on the list of richest Filipinos percentage wise is Edgar Sia II

SMIC posts 8% income growth, plans more land reclamation

Aug 04, 2016 - 5:07 PM

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

Jul 27, 2016 - 4:55 PM

Jobstreet asks over 14 000 Filipinos which company they want to work for Here are the top 10

PROFITABILITY. Jobstreet notes that a company's profitability is one of the top factors when choosing an employer. In the photo is SMC President and COO Ramon Ang (front row, 2nd from left, seated). Photo by Chrisee Dela Paz/Rappler

Luxury hotel Conrad Manila opens its doors

Jun 16, 2016 - 3:30 PM

The SM owned Hilton managed hotel is located in the flourishing Bay City district

SMIC retains capital spending budget of P85B in 2016

Apr 27, 2016 - 9:30 PM

Bulk of the budget will be used to launch more shopping malls hotels office developments and residential projects

AGGRESSIVE EXPANSION. For 2016, SM Investments executives say their core units will continue with their aggressive expansion plans. Photo by Chrisee Dela Paz/Rappler

SM Investments Corp: We don't practice contractualization

Apr 27, 2016 - 6:45 PM

SMIC President Harley Sy says his company hires seasonal workers to augment its workforce which is legally allowed and similar to part time jobs

LIKE PART-TIME JOBS. SMIC executives say in an annual stockholders meeting that it ended 2015 with 65,436 employees, of which less than 1% are seasonal. Photo by Chrisee Dela Paz/Rappler

New UP campus in BGC to open this 2016

Mar 02, 2016 - 9:29 AM

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

NEW CAMPUS. The University of the Philippines Bonifacio Global City will offer graduate level courses to professionals. Photo by Misael Bacani/UPSIO

SM, Berjaya execs to PH: Focus on vocational training than K to 12

Oct 13, 2015 - 5:22 PM

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

 STRENGTHEN VOCATIONAL TRAINING. For SMIC's Teresita Sy-Coson and Berjaya's Vincent Tan, vocational schools will allow more people to qualify and work in industries here and abroad, like business process outsourcing (BPO) companies. Coson's photo by Forbes, and Tan's photo by Alecs Ongcal/Rappler

8 PH firms in Forbes 'world’s biggest public companies' list

May 07, 2015 - 6:13 PM

The PH firms make it to the list of 2000 largest public companies as measured by revenues profits assets and market value

SMIC net income down 2.1% in Jan-Sept

Nov 07, 2014 - 4:50 PM

The Sys banks account for 41 9 of the group’s consolidated net income followed by property at 39 1 and retail at 19

SMIC to go digital? Tessie Sy-Coson says they're not in a rush

Oct 30, 2014 - 2:02 PM

SMIC Chairperson Tessie Sy Coson says the positive aspect of the Philippines comparatively slower pace in going digital is that companies employ a larger number of Filipinos

AWARENESS UP. SMIC Vice Chairperson Tessie Sy-Coson says more Philippine businesses are aware of the benefits of ASEAN integration. Photo by Forbes

Banking, property units boost SM group’s H1 profit

Aug 07, 2014 - 4:23 PM

SM’s food retail and malls segments are aggressively expanding to reach both urban and rural communities

Jollibee owner’s property firm to build second mall in Cebu

Jun 09, 2014 - 12:32 PM

The mall is part of the 100 malls planned between now and 2020

TO RISE. The second CityMall will be located in Colon, downtown Cebu area. Photo from DoubleDragon's Facebook page.

SM Group raises $350M from dollar bond offer

Jun 04, 2014 - 9:50 AM

The offer proceeds will be used for general corporate purposes and refinancing existing debts

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)

SMIC's Tessie Sy-Coson: Keeping it local in a globalized world

May 24, 2014 - 12:25 PM

Tessie Sy Coson has one message to ASEAN neighbors: Invest in the Philippines

WOMAN ON TOP. SM Investments Corporation Teresita Sy-Coson shares her thoughts on the Philippine economy and the upcoming ASEAN Economic Community

SM group profit falls on weak banking units

May 14, 2014 - 11:46 AM

The Henry Sy led group saw decline in incomes of its banking businesses

Lower banking earnings weigh on SM Investments' first-quarter 2014 net income. AFP PHOTO

Henry Sy's SM posts 11% profit growth, thanks to BDO

Mar 03, 2014 - 4:38 PM

SM Investments Corporation says its banking division accounted for nearly 43 of its 2013 earnings

GROWING BUSINESS. A giant globe adorns the SM Mall of Asia in Manila, 20 May 2006. Photo by Joel Nito/AFP

SM, Jollibee enter joint venture for 'community' malls

Feb 17, 2014 - 6:18 PM

SM signs an investment agreement to acquire 34 of CityMall Commercial Center Inc partly owned by Jollibee Foods Corporation

JOINT VENTURE. SM Investments Corp acquired a 24% interest in CityMall, an arm of Jollibee and Injap Investments' DoubleDragon properties

SMIC, Ayala, Jollibee share buy back plans

Aug 29, 2013 - 7:57 AM

Blue chips SMIC and Ayala Corp have no plans to buy back their shares despite recent steep drop in the stock market but Jollibee is considering it

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

EPA/DENNIS M. SABANGAN

More Mall of Asia-like projects for merged SM units

Jul 10, 2013 - 11:36 PM

SM Prime s consolidated real estate units will focus on developing large scale developments

7 PH firms among ‘investor favorites’ in SE Asia

Jun 28, 2013 - 2:45 AM

SMIC Ayala Corp San Miguel are among the 8 Philippine firms that global investors consider their favorites according to a poll

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

Elections boost SM, Divisoria sales

Apr 28, 2013 - 9:51 PM

Consumers go to SM for food and drinks and Divisoria for clothes and shoes

SMIC officials at their stockholders event. Photo by Aya Lowe/Rappler

SMIC expects benefits from ASEAN single market

Apr 28, 2013 - 10:24 AM

SM Investments Corporation SMIC is expecting gains in their banking and retail arms with the establishment of the ASEAN single market slated for 2015

SMIC expect retail and banking arm to benefit. Photo by Aya Lowe/Rappler

SMIC only interested in retail aspect of Cebu airport

Apr 25, 2013 - 7:38 PM

SMIC says it will only be developing the retail component of the airport project if they won the bid

SMIC officials at the SMIC stockholder meeting on April 25. Photo by Aya Lowe/Rappler

Sy-led SMIC posts 22% jump in Q1 earnings

Apr 25, 2013 - 4:08 PM

The company attributed the increase to higher earnings from its banking mall and property businesses

UP AND UP. Shoppers walk past a logo of the Philippines' largest shopping mall operator Shoe Mart (SM) in one of their stores in Manila. AFP Photo

SM to finalize investment in Waltermart soon

Apr 15, 2013 - 12:46 PM

One of the strategies of the Sy group to counter the aggressive expansion of Lucio Co led retailer Puregold is proceeding well

Henry Sy sells shares in SMIC

Apr 11, 2013 - 6:45 PM

Henry Sy Sr the country s richest man further reduces his personal stake in SM Investments Corp to 1 39

SM brings Hilton's luxury Conrad hotels to Manila

Mar 07, 2013 - 12:57 PM

Henry Sy led SM Hotels group will manage Hilton Worldwide s luxury brand in the Philippines Conrad Manila

SMHCC TO MANAGE CONRAD MANILA. Henry Sy, Jr, Vice Chairman of SMIC; Elizabeth T. Sy, President of SMHCC and Martin Rinck, President of Hilton Worldwide for Asia Pacific ink the deal. Photo courtesy of SMHCC

SM firms' shares soar after 'merger' news

Feb 20, 2013 - 9:45 PM

They helped pull the PSE index to its 19th record close this 2013

Photo by AFP