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Tatang’s successor

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With the way all key business units in the SM group are consolidated and restructured, it looks like the estate planning of the country’s wealthiest man Henry Sy or “Tatang” is nearing its conclusion.

Posted: April 30th, 2014 in Headlines | Read More »

Megawide planning $120-M equity issue

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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

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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

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henry-sy1

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

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henry-sy1

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 »

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