SM Investments Expands Net Income 16.3% to PHP24.7 billion
(06 March 2013. Pasay City, Philippines) SM Investments Corporation (SM) reported that net income for full-year 2012 amounted to Php24.7 billion, for a higher than expected growth of 16.3% from
SMX Opens in Davao City
(17 December 2012) SM Hotels and Conventions Corporation, a leading player in the country’s MICE (meetings, incentives, conventions, and exhibitions) industry, recently opened a new convention center in Davao City.
SM Land Awards ThreeE-com Center Project to EEI
(04 December 2012. Pasay City, Philippines) SM Land has recently awarded EEI Corp. as general contractor for the construction of the Php3-billion ThreeE-comCenter office building at the Mall of Asia
SM Investments 9-Month Net Income Rises 14% to PHP16.1 billion
(8 November 2012. Pasay City, Philippines) SM Investments Corporation (SM) reported that net income for the first nine months of 2012 amounted to Php16.1 billion, up 14% from the Php14.2
SM Foundation Scholars Top CPA Board Exams
(19 October 2012. Pasay City, Philippines). SM Foundation scholars continue to excel as four of them topped the recent Certified Public Accountants (CPA) board examinations. Wayjorie Depayso, magna cum laude
SM Land Obtains PEZA Registration for SM Seaside City IT Centers in Cebu
(16 October 2012. Pasay City, Philippines) SM Land, Inc., the real estate arm of SM Investments Corporation (SMIC) signed on October 10, 2012 the Registration Agreement for SM Seaside City
SMIC Prices US$500M 7-Year Bond Issue
(10 October 2012. Pasay City, Philippines) SM Investments Corporation (“SMIC”) announced today that it has priced a US$500 million 7-year bond issue at a fixed rate of 4.25% per annum.
SM to Issue Long-Term US Dollar Bonds
(3 October 2012. Pasay City, Philippines) SM Investments Corporation (SM) announced today that its Board of Directors approved the issuance of seven- and ten-year US Dollar Bonds. SM appointed Citi,
SM to Issue New Shares to Institutional Investors
SM Investments Corporation (SM) announced that its Board of Directors approved the placement of primary common shares worth USD150.0 million to institutional investors via a top up placement. Apart from
SM Reports 13% Growth in First-Half 2012
(14 August 2012. Pasay City, Philippines) SM Investments Corporation (SM) reported today that its net income for the first half of 2012 increased by 13% to Php10.9 billion from Php9.6
The SEC and sustainable finance
SEC Commissioner Kelvin Lester K. Lee elaborated on their ongoing and planned initiatives to develop sustainable finance market, promote investments in ESG in line with its SuperVision 2025 in the recent GRI-SM ASEAN Sustainability E-Summit.
2GO Travel allows passengers with vaccination cards
2GO Travel, the country’s largest premier sea travel provider said local government units of five destinations in its travel network have relaxed travel restrictions and have simplified entry requirements.
Alfamart opens its first store in Bataan
Alfamart, the first and only Super Minimart chain in the Philippines, recently opened its first store in the province of Bataan. The new location plays a pivotal role in Alfamart’s strategic expansion.
SM, GRI set sustainability agenda
SM Investments Corp. partnered with the Global Reporting Initiative (GRI) in this year’s GRI-SM ASEAN Sustainability E-Summit held on October 21 and 22.
More companies are carving pathways to sustainable business
SM together with Global Reporting Initiative (GRI) convened industry leaders and sustainability experts in a forum that tackled important issues and ESG principles as guideposts for enterprise action.
Sustainability will be a must in the new normal
With the tremendous impact of the COVID-19 pandemic on society, businesses are seen to heed the growing demand from consumers for sustainability to show that they care for both the environment and the community they operate in.
Finance sector collaborates with BSP on sustainability guidelines
Financial regulators led by the Bangko Sentral ng Pilipinas (BSP) are arming banks, financial institutions and corporates with the necessary tools and guidance in the effective management of climate and other environment-related risks.
Corporations feel growing public pressure for sustainability
The pandemic and the climate crisis are increasing the pressure on corporations globally, including the Philippines, to take accountability for their impact on the environment and push for sustainability efforts.
Incentives for banks being eyed – BSP
The Bangko Sentral ng Pilipinas (BSP) is considering giving incentives to banks that adhere to sustainability standards, according to BSP Deputy Governor Chuchi Fonacier in the recent GRI-SM ASEAN Sustainability E-Summit 2021.
PHL ‘might stand a chance’ on achieving sustainable dev’t goals
During the GRI-SM ASEAN Sustainability E-Summit, the Securities and Exchange Commission enjoined all publicly listed companies to help move the sustainability agenda forward by adopting more sustainability practices.