sm investments

Retail Asia10/05/2019

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 is incapable of remedy under the collaboration agreement,» the letter said, according to the Hyflux filing. In […]

Retail Asia23/01/2019

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 arrived in the Philippines at the age of 12 with his parents, his introduction […]

Retail Asia30/04/2017

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 role as the founder of SM and all of its core businesses. Mr. Sy, […]

Retail Asia18/11/2016

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 continuing to really look,” he says. With “phenomenal development” in the past 10 […]

Retail Asia06/10/2016

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 Properties is one of the up-and-comers. Back in April 2014, when its valuation was less than $100m, the company listed on […]

Retail Asia29/09/2016

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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 range anywhere between 5000 sqm and 10,000 sqm. Last week DoubleDragon announced it was issuing […]

Retail Asia14/06/2016

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 presentation that the merger of all retail-related businesses under SM Retail would ratchet up footprint […]

Retail Asia12/03/2016

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 sales of its merchandise online. According to Teresita Sy-Coson, vice chairwoman of SM Investments Corp, it will initially carry light-to-carry […]

Retail Asia10/03/2016

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 person. His net worth dropped from $14.2 billion in 2015 due to […]

Retail Asia22/12/2015

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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. SM’s Senior Vice President for Finance Franklin Gomez received the awards on behalf of the company. SM was also […]

Retail Asia15/06/2015

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 on phrases. SM additionally operates in a JV association with Waltermart and rival retail big […]

Tag: sm investments

Creditor Maybank Terminates Collaboration Deal

Henry Sy passes away at 94

SM Investments Corporation announces key organizational changes

SM Prime Holdings eyes China expansion

DoubleDragon aims for real estate empire in rural Philippines

Double Dragon plans 100 CityMalls

SM Retail consolidation set

Leading Philippines retail developer teams up with Lazada

SM founder Henry Sy still on top

SM Investments Corporation receives Platinum Award

SM in bid for Cherry Foodarama