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Megawide planning $120-M equity issue


Megawide Construction Corp., a listed contractor partly owned by billionaire Henry Sy, is mulling a $100-million to $120-million share offer late this year to finance new projects, a company executive said last week.

Posted: March 24th, 2014 in Headlines | Read More »

China Banking Corp. to raise P8B in capital

Photo from www.chinabank.ph

The China Banking Corp. is raising P8 billion in fresh capital from the sale of new shares to existing investors, preparing for growth opportunities in the years ahead while in a regime of tighter capital adequacy regulations.

Posted: March 6th, 2014 in Latest Business Stories | Read More »

Businessman Henry Sy crashes into Forbes’ 100 richest people in the world


Ten tycoons from the Philippines still led by Henry Sy, founder of the iconic SM group, are among the wealthiest people on the planet based on the 2014 ranking of Forbes magazine.

Posted: March 5th, 2014 in Latest Business Stories,Photos & Videos | Read More »

SM nets P27.45 B in 2013


Henry Sy’s SM Investments Corp. boosted its net profit last year by 11 percent to P27.45 billion on higher earnings from the banking business, the company announced Monday.

Posted: March 3rd, 2014 in Latest Business Stories | Read More »

SM mall introduces speed skating in PH


A new winter sport is coming to tropical Philippines courtesy of the SM group’s largest shopping complex Megamall.

Posted: January 29th, 2014 in Uncategorized | Read More »

Metro retail chain all set to expand store network


The retail chain of the Gaisano clan’s Vicsal Development Corp. plans to more than double its store network to 100 in three years as it mulls over options for going public, a company official said last week.

Posted: January 19th, 2014 in Headlines | Read More »

Hope for the best; prepare for the worst


As the biggest , real estate company in the country, the SM group of taipan Henry “Tatang” Sy surely invites a lot of speculation in the business sector, centering on what would be the next big deal for the group.

Posted: December 5th, 2013 in Columnists,Inquirer Columns | Read More »

SM signs pact with Carlson to build more Park Inn hotels in PH


The SM group of tycoon Henry Sy has inked a deal with global hotel management group Carlson Rezidor to develop a new hotel property under the midscale brand Park Inn by Radisson in Clark, Pampanga, alongside a blueprint to expand to more places in the Philippines.

Posted: October 14th, 2013 in Latest Business Stories | Read More »

SMDC launches third tower of Taguig project


Tycoon Henry Sy-led SM Development Corp. has expanded its interest in Taguig’s residential property market with the launch of the third tower of SM Grace Residences.

Posted: September 11th, 2013 in Headlines | Read More »

SM Mindanao malls get big boost from BPOs


Tycoon Henry Sy’s mall business in Mindanao is getting a big boost from big business process outsourcing (BPO) firms that are diversifying their talent pool by setting up shop in “next wave” cities outside Metro Manila.

Posted: August 25th, 2013 in Headlines | Read More »

SM group ramps up investment in education

DREAMS FULFILLED SM has financed the college education of scholars like (from left) Dolores Gigante, John Michael Lava, Jejomar Conception, Jennifer Camenting, Riel Gomez and Wayjorie Depasyo ROMY HOMILLADA

For Henry Sy Sr., the richest man in the Philippines according to Forbes Magazine, education provides the best return on investment.

Posted: August 18th, 2013 in Headlines,Inquirer Features | Read More »

SM wants Ortigas holding firm to go public


The SM group wants to see the Ortigas family’s holding firm OCLP Holdings going public to unlock the real value of the company.

Posted: August 11th, 2013 in Headlines | Read More »



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