Capturing high growth opportunities
in the emerging Philippine economy

SM Equity Investments

Effective Ownership


Belle Corp.


Atlas Mining




2GO Group




NEO Subsidiaries


NEO Associates







SM Investments Corporation (SMIC) continues to explore and invest in high growth businesses that can potentially enhance group synergies and offer stable cashflows with attractive financial returns. SMIC invests in growth sectors and market leaders which includes logistics, gaming and leisure, food manufacturing, natural resources, dormitories and office properties.

In all its portfolio investments, SMIC finds the best partners who know and can run the businesses effectively, manage the inherent risks and deliver superior returns. SMIC’s investments are in integrated resorts through Belle Corporation, in copper mining through Atlas Consolidated Mining and Development Corporation, in community mall chain CityMall, office towers under the NEO Subsidiaries and NEO Associates, in leading end-to-end logistics firm 2GO Group, in the country’s leading bakeshop Goldilocks, in Philippines Urban Living Solutions, Inc, the largest co-living provider in the country which manages and operates MyTown and in GrabPay with its focus on electronic wallet and payment development in the Philippines.

Belle Corporation is a listed company engaged in property development, primarily in the high-end leisure market and has various investment holdings including the development of an integrated gaming resort, the City of Dreams Manila Entertainment Complex and the Tagaytay Highlands residential and mixed-use mountain resort.


Atlas Consolidated Mining and Development Corporation (Atlas Mining) is the largest producer of copper concentrates in the Philippines. It operates the Toledo Copper Mine in the province of Cebu through its wholly-owned subsidiary Carmen Copper Corporation (Carmen Copper).



SMIC’s joint venture with DoubleDragon Properties Corp. in CityMall Commercial Center, Inc. CityMall envisions the development of a branded independent community mall chain located in prime locations, mostly in Visayas and Mindanao. With this partnership, SMIC hopes to hasten the growth of its food business, retail brands and supermarket chains across the country.

In 2017, SMIC invested in Philippines Urban Living Solutions, Inc. (PULS), developer and operator of modern dormitories. PULS operates the MyTown Co-Living brand and provides lifestyle-oriented living solutions to young urban professionals working in a variety of sectors and has drawn corporate clients that include the BPO sector, financial institutions, online gaming operators, insurance and fast-growing tech start-ups and traditional sectors such as mining, agriculture and education. SMIC has a 63.3% stake in PULS.

SM Investments Corporation (SMIC) increased its portfolio with its investment of a 30.5% stake in 2GO Group in 2017.

In June 2021, SMIC completed its acquisition from KGLI-NM Holdings, Inc. of 22.3% of 2GO Group resulting in the increase of SMIC’s current shareholding in 2GO from 30.53% to approximately 52.85%.  This effectively makes 2GO a subsidiary of SMIC.

2GO provides shipping, logistics, and distribution services to small and medium enterprises, large corporations and government agencies throughout the Philippines.

Goldilocks is a leading Filipino bakeshop heritage brand trusted by Filipino consumers for over 50 years. It has an extensive retail footprint of over 800 stores in the Philippines, overseas operations in the United States, Canada and Thailand. It concurrently owns and operates the Philippine franchise for Domino’s Pizza.

In 2019, SMIC entered into a joint venture with Grab Philippines, a strategic partnership combining the strength of Grab’s local user base and tech platform with SMIC’s nationwide retail and banking portfolio. The strategic partnership involves collaboration towards the universal acceptance of the GrabPay wallet as payment option in the Philippines.

The joint venture expands cashless opportunities for its customers and provides an avenue to drive financial inclusion for millions of unbanked Filipinos. SMIC has a 34.5% share in the joint venture. The company’s investment is part of SMIC’s moves towards End-to-end solutions and digital innovation in its businesses, developing enhanced user experiences and convenience.