Our 20-Year Journey
2005
SM Investments becomes the country’s largest IPO on the Philippine Stock Exchange, raising PHP28.75 billion (USD528 million) The SM Group becomes the majority owner of Chinabank2006
SM Mall of Asia opens, the largest mall in Asia by gross floor area SMDC launches Mezza Residences, its first high-rise residential project2007
BDO merges with Equitable PCI Bank, creating the country’s largest bank SMX Convention Center opens as the Philippines’ largest convention facility SM Foundation accepts its first batch of technical-vocational scholars SM launches Hamilo Coast, beginning its leisure and eco-tourism developments2008
SM, celebrates 50th anniversary SM, celebrates 50th anniversary2010
Radisson Blu Cebu opens as the brand’s first hotel in Asia-Pacific2011
SM Retail and Fast Retailing form a joint venture to bring Uniqlo to the Philippines2012
The MOA Arena opens as a world-class entertainment venue with a seating capacity of 15,0002013
SM consolidates its property businesses under SM Prime, creating one of Southeast Asia’s largest property companies SM Investments partners with NEO (formerly NET Group) to expand its green office portfolio SM Retail and SM Prime enter into a joint venture with WalterMart for community malls SM-controlled Belle Corp. partners with Melco Crown to develop City of Dreams Manila2014
SM Investments issues its first offshore bond, a USD350 million 10-year US dollar note Chinabank acquires Planters Development Bank, becoming the 5th largest private universal bank in the country SM-Alfamart joint venture opens its first minimart in the Philippines SM North EDSA becomes SM’s first solar-powered mall2015
SM Investments is listed on the Forbes Global 2000 Companies SM Seaside City Cebu opens as a landmark development in Visayas BDO acquires One Network Bank, renaming it to BDO Network Bank to extend financial services to underserved communities and MSMEs SM Investments releases its first Sustainability (ESG) Report2016
SM consolidates specialty retail formats under SM Retail, Inc. Conrad Manila opens at the Mall of Asia complex SM City Tianjin in China opens as SM’s largest mall outside the Philippines BDO gains full ownership of Generali Pilipinas Life, forming BDO Life2017
SM Investments reaches PHP1 trillion in market capitalization on the Philippine Stock Exchange Jose T. Sio is appointed Chairman and Frederic C. DyBuncio is appointed President and CEO of SM Investments, marking a major step in strengthening professional, non-family leadership2019
SM Foundation reaches one million patients served through its medical missions nationwide2020
The SM Group mobilizes its ecosystem for community resilience during the COVID-19 pandemic:- SM Supermalls waives a total of PHP233 billion in rental fees and other charges for its tenants
- SM Markets adjusts its operations to ensure access to essential goods
- SM Foundation distributes nearly 1 million Kalinga Packs and conducts over 780 relief missions
- Malls and logistics support the national vaccination program, enabling nearly 10.5 million vaccine doses nationwide
- BDO and Chinabank support hundreds of thousands of customers by implementing large-scale loan payment extensions and waiving digital transaction fees
2021
SM Investments becomes the majority owner of Goldilocks Bakeshop in food manufacturing and 2GO Group in logistics2022
SM refreshes its brand icon, streamlining the Group’s visual identity across businesses SM Investments acquires full ownership of the Philippine Geothermal Production Company, Inc. (PGPC), expanding its renewable energy portfolio SM Store launches the Green Finds program, promoting more sustainable product choices Watsons marks 20 years in the Philippines with SM2023
Amando M. Tetangco, Jr. is appointed the first independent Chairman of SM Investments, with Jose T. Sio as Chairman Emeritus. SM Advantage Card (SMAC) reaches 10 million members2024
The SM Investments Board becomes majority independent-led with 5 out of 9 directors SM Investments earns its first Five Golden Arrow Award for corporate governance excellence in Asia SM Investments debuts on TIME’s World’s Best Companies list and Fortune’s inaugural Southeast Asia 500 SM Investments and SM Prime establish a USD3.0 billion EMTN program in Singapore SM Foundation completes the rehabilitation of 200 health centers nationwide Alfamart opens its 2,000th minimart in its 10th year2025
SM Investments marks its 20th year as a listed company