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SM Investments, a conglomerate with operations in retail, banking, and property, experienced solid retail sales during the first three quarters of the year. These robust sales contributed to a consolidated net income of US$1.09 billion, a 6% rise compared to…
Hyflux said that creditor Maybank was terminating its collaboration agreement with the troubled Singapore water infrastructure player with immediate effect due to its failure to reach a binding deal with a bidder or investor. This constitutes a breach which…
The founding father of Philippine retail, Henry Sy, has passed away. Sy, who has topped the Philippines Rich List for the last seven years, was chairman emeritus of SM Investments, one of the country’s largest business conglomerates. A Chinese immigrant who…
The Board of Directors of SM Investments Corporation (SM) announced key organizational changes that will support the company’s next phase of growth. The Board has already conferred upon Mr. Henry Sy, Sr. the role of Chairman Emeritus, in recognition of his…
Philippines property developer SM Prime Holdings is looking to acquire shopping malls in China as well as buying more land for expansion. But it is interested only in the Fujian province, says SM Prime executive committee head Hans Sy. “We are still…
With the Philippines’ consumption-driven economic boom showing no signs of abating, modern retail enterprises are sprouting outside the capital. Some are new companies eager to make a mark alongside the country’s established conglomerates. DoubleDragon…
Listed Philippine property developer Double Dragon plans to build a network of 100 neighbourhood style shopping malls across the Philippines by 2020. The company has already opened eight CityMall centres and secured 53 sites to date. The new centres will…
Soon all SM’s retail-related businesses will come under a single umbrella company. The planned SM Retail consolidation is expected to boost sales by 16.6 per cent to Php251 billion. SM Investments Corp, Henry Sy’s holding company, said in an investor…
Leading Philippines retail, banking and property developer SM Investments Corp has entered into a partnership with e-commerce giant Lazada. Through this alliance, it hopes to leverage Lazada’s popularity in the Philippines (6th most popular website) to push…
Retail king Henry Sy, Sr. remains the Philippines’ richest person, according to the Forbes 2016 Global Billionaires’ list. Sy, 91, has an estimated net worth of $12.9 billion – roughly P562.3 billion – as of this month, making him the world’s 71st richest…
SM Investments Corporation (SM) was cited anew by Hong Kong-based magazine The Asset as a winner of the Platinum Award, the highest award for excellence in corporate governance, corporate social responsibility and investor relations for seven years running.…
Philippines retail conglomerate SM says it’s in talks to purchase grocery retailer Cherry Foodarama. In a disclosure to the inventory trade, SM Investments stated the 2 corporations are planning to enter right into a three way partnership, topic to agreeing…
