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Biz Buzz: Alfamart in PH

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Not to be left out in the convenience store race, SM Investments Corp. has rolled out three “experimental” stores in partnership with Indonesian retailing giant Alfamart, choosing the following high-density locations in the south: Trece Martirez and Dasmariñas in Cavite and another in Las Piñas.

Posted: August 8th, 2014 in Columnists,Inquirer Columns | Read More »

SMIC income down

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SM Investments Corp. (SMIC), the country’s largest conglomerate, posted a 3.1-percent decline in six-month net profit to P12.3 billion in the absence of extraordinary trading gains that jacked up the earnings of its banking business in the same period last year.

Posted: August 8th, 2014 in Headlines | Read More »

SMIC returns to offshore debt market

Conglomerate SM Investments Corp. is returning to the overseas debt market after two years with an offering of 10-year US dollar-denominated bonds.

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

SM nets P6.24B in Q1

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Screengrab from www.sminvestments.com

SM Investments Corp. posted a 16-percent year-on-year decline in first quarter net profit to P6.24 billion in the absence of large extraordinary trading gains that jacked up earnings of banking unit Banco de Oro Unibank in the same period last year.

Posted: May 14th, 2014 in Latest Business Stories | Read More »

SEC approves SM’s P15B retail bond offer

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Photo from SM City North Edsa website

The Securities and Exchange Commission has approved a plan by the country’s largest conglomerate SM Investments Corp. to raise as much as P15 billion from a fresh retail bond offering.

Posted: April 23rd, 2014 in Latest Business Stories | Read More »

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