Tycoon Henry Sy’s SM Investments Corp. grew its first quarter net profit by 22 percent year-on-year to P7.4 billion on the back of the group’s banking business alongside the growth in mall and property units.
Tycoon Lucio Tan-led conglomerate LTG is making a grand stock market debut with a follow-on public offering worth much as $800 million, possibly making history for launching the biggest among initial public offerings or follow-on transactions seen in the local capital market so far.
Henry Sy’s SM Investments Corp. boosted its net profit last year by 16.3 percent to P24.7 billion on a double-digit rise in earnings across its banking, retailing, shopping mall and residential development businesses.
On the reported “compromise” that’s shaping up between two proponents of separate connector roads linking the North and South Luzon expressways, the government seems to be getting impatient waiting for rivals San Miguel/Citra and Metro Pacific groups to resolve their differences on the P7-billion, five-kilometer common alignment on their own. After all, the government wants the project to get going in preparation for the Asia-Pacific Economic Cooperation (Apec) Summit to be hosted by the Philippines in 2015.
TYCOON Henry Sy’s SM Investments Corp. has set aside P30 billion for fresh investments and general corporate purposes as the conglomerate embarks on “opportunistic” ventures such as geothermal power generation and infrastructure.
A controversy arose over the recent pronouncement of Internal Revenue chief Kim Henares that Christmas bonuses would be subject to withholding tax.
The SM Group of tycoon Henry Sy sees group-wide capital spending to reach a record-high of P65 billion next year, mainly for shopping mall and residential property development.
Tycoon Henry Sy-led SM Investments Corp. has raised $500 million from the sale of overseas bonds at one of the lowest rates snagged by a Philippine corporate issuer for a seven-year tenor.
Tycoon Henry Sy-led SM Investments Corp. plans to return to the offshore bond market with the offering of seven- and 10-year US dollar bonds.
Tycoon Henry Sy-led SM Investments Corp. grew its first-half net profit by 13 percent year on year to P10.9 billion on the back of higher earnings from its banking, retailing, shopping mall and residential property businesses.
SM Investments Corp. has increased its retail bond issue to P15 billion from the initial size of P10 billion due to strong demand from both retail and institutional investors. The issue consists of Series C bonds due 2019 and Series D bonds due 2022.
MANILA, Philippines – China Bank FVP Virgilio O. Chua of Investment Banking Group speaking at the SMIC Bonds Investors’ Briefing at the SMX Convention last June 27, 2012. China Banking Corporation (China Bank) is one of the financial institutions tapped by SM Investments Corp. (SMIC) for its issue of P10 billion fixed rate bonds— 7-year [...]
