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China Bank prices rights offering at P49.50

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Screengrab from www.chinabank.ph

China Banking Corp., which is part of the SM group, has firmed up an P8-billion stock rights offering, its first capital-raising initiative of this kind in nearly two decades, at a price of P49.50 per share.

Posted: April 15th, 2014 in Latest Business Stories | Read More »

Sy-Coson cited for ‘vision’

Tessie Sy-Coson: Woman Visionary Leader CONTRIBUTED PHOTO

Tessie Sy-Coson of the SM Group received the PRA President’s Award from the Philippine Retailers Association (PRA) in ceremonies held recently at the Crowne Plaza Hotel, Ortigas Center, Quezon City.

Posted: March 21st, 2014 in Latest Business Stories | Read More »

Ignored

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Despite having as its head the country’s richest man, it must be a little lonely in the corner of retail conglomerate SM nowadays. This is especially so when their plea—multiple pleas, actually—seem to be falling on deaf ears.

Posted: March 5th, 2014 in Headlines | Read More »

Divided we… can’t borrow

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The family rift at the Ortigas clan’s flagship property firm OCLP Holdings is causing much more than delays to potential takeovers by perennial rival suitors Ayala Land Inc. of the Zobels and the SM Group of taipan Henry Sy, both of which remain acquisition-hungry.

Posted: February 4th, 2014 in Headlines | Read More »

Biz Buzz

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There’s never a dull moment among the well-heeled who live in super exclusive Makati villages like Forbes Park.

Posted: January 28th, 2014 in Editor's Pick,Headlines | Read More »

China Bank Corp. completes takeover of Planters Bank

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Photo from www.chinabank.ph

SM Group-led China Bank Corp. has sealed its takeover of Planters Bank, forking out P1.86 billion to buy all shares in the small and medium enterprise (SME) lender.

Posted: January 16th, 2014 in Latest Business Stories | Read More »

SM to complete Pasay City reclamation project in 5 years

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The SM group expects to complete a 300-hectare Pasay City reclamation project worth P54.5 billion within five years and bring in other groups to participate in the development, including prospective foreign investors.

Posted: January 10th, 2014 in Headlines | Read More »

In good faint

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Fear grips a good part of the business sector, owing to a bill that the Bangko Sentral ng Pilipinas (BSP) is pushing for in Congress. The bill entails drastic changes in the BSP’s 20-year-old charter, ultimately giving it awesome powers.   Just take a look at a couple of provisions in the bill that can [...]

Posted: January 9th, 2014 in Columnists,Inquirer Columns | Read More »

Hope for the best; prepare for the worst

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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 »

Bidding to win

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FOR ALL its success, the Sy family’s SM Group still contends with snide remarks from mostly non-billionaires on the “shoe box” design for many of its ubiquitous shopping malls.

Posted: December 3rd, 2013 in Headlines | Read More »

ALI seen to go up against SM in bid for 300-hectare land project

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The famed Manila Bay sunset. Photo by DON LEJANO/INQUIRER.net

Property giant Ayala Land Inc. (ALI) has expressed its interest to bid for Pasay City’s 300-hectare land reclamation project, potentially competing against the SM group, which had earlier submitted an unsolicited proposal.

Posted: October 24th, 2013 in Editor's Pick,Featured Gallery,Headlines | Read More »

CFOs top dogs again in the corporate world

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SM GROUP Chief Finance Officer Jose T. Sio

The chief finance officer of yesterday is a different animal from the highest-ranking finance person today and the CFO of tomorrow.

Posted: October 20th, 2013 in Headlines | Read More »

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