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News and Events

7-Eleven, Robinsons, Puregold or SM: Which Retailer Benefited the Most From TRAIN Law?

Giant store chains enjoy revenue boost in the first half of 2018 thanks to personal income tax cuts

The personal income tax cuts mandated by the Tax Reform for Acceleration and Inclusion (TRAIN) law that took effect in January 2018 may have been sizeable but their impact on overall economic growth is anything but.With higher take home pay, workers and employees ...

by Elyssa Christine Lopez  | August 17, 2018 01:00:00
News and Events

SM in Talks to Buy Goldilocks Minority Stake Months After Backing Out of Acquisition Deal

The conglomerate is eyeing to buy a 34% stake in the country's largest bakeshop chain

Listed retail and real estate conglomerate SM Investments Corp. is in talks to acquire a 34-percent stake in bakeshop and restaurant chain Goldilocks Bakeshop Inc., according to a report by the Philippine Daily Inquirer.“A spokesperson from SM confirmed to the Inquirer that ...

by Lorenzo Kyle Subido  | August 13, 2018 12:00:00
News and Events

More Exclusive Than Billionaire Ranking: Only 6 PH Conglomerates In This Year's Forbes Global 2000 List

Two Filipino holding companies failed to return to the list of world’s leading firms

Six Philippine companies were included in the latest Global 2000, a list of the world’s largest public companies compiled by business magazine Forbes.That’s two less than the eight companies that made it last year, and just half of the 12 Filipinos who ...

by Lorenzo Kyle Subido  | June 08, 2018 01:00:00
News and Events

How SM's Henry Sy Started with Ten Centavos and Became Southeast Asia's Richest Man

SM is celebrating its 60th anniversary this year

Henry Sy opened the first Shoemart in 1958 after he had saved enough from selling surplus G.I. boots. Little did he know that 60 years later his small store would become the behemoth that it is today. From a small shoe store ...

by Paolo Chua for TownandCountry.ph  | June 05, 2018 12:00:00
Run & Grow

Financial Adviser: 5 Blue Chip Stocks Investors Can Buy During Stock Market Fall

Despite the supposed "crash," there's no reason to get out of the market yet

The stock market has lost as much as 400 points so far this week after the US market plummeted by more than 1,700 points in two days on fears of rising interest rates. The Philippine Stock Exchange (PSE) Index has already lost 7.5 ...

by Henry Ong  | February 06, 2018 04:00:00
News and Events

How Did Top PH Billionaires' Holding Firms Fare at the Stock Market in 2017?

Share prices rose for nine out of 10 companies of the country's wealthiest people

If you had bought shares in the main holding companies of the country’s 10 richest tycoons at the start of the year, you’d be celebrating now that 2017 has come to a close. More than two-thirds of the stocks climbed over 20 percent ...

by Lorenzo Kyle Subido  | January 02, 2018 02:00:00
News and Events

Tessie Sy-Coson: Many Working Women Don't Want to Break the Glass Ceiling, Prioritize Family Instead

Personal choices, not lack of opportunity, explain why only a tenth of boardroom positions in PH are held by women

Since 2006, the Philippines has been the top country in Asia with the narrowest gender gap, having consistently placed in the top 10 of the World Economic Forum’s annual Global Gender Gap Index.The Philippines’ performance is all the more remarkable as it ...

by Elyssa Christine Lopez  | December 04, 2017 09:00:00
News and Events

Sys, Zobels Retain Spots in Asia’s 50 Richest Families but Aboitizes Leave Exclusive List

The 50 Asian families who made the list have a combined net worth of $700 billion

Two Filipino clans made it to the list of Asia’s 50 Richest Families, which was released by business magazine Forbes earlier this week.The Sys ranked ninth in the list with a net worth of $20.1 billion, a 63.4-percent increase from $12.3 billion ...

by Lorenzo Kyle Subido  | November 16, 2017 11:00:00
News and Events

Teresita Sy-Coson Recounts How Being Contrarians Helped the SM Group Thrive Amid Crisis in 1980s. Will It Help Them Adapt to Rise of E-Commerce?

SM Investments Corp. vice chairman speaks on the role of shopping malls in age of online stores

Popularly known as Singles' Day, November 11, 2017 represented another milestone for Southeast Asian e-commerce platform Lazada, which sold 6.5 million items worth $123 million on that day to people without romantic partners to buy stuff for them. That was double its ...

by Elyssa Christine Lopez  | November 14, 2017 02:00:00
News and Events

Is Your Company Among 6 PH Firms Included in Forbes’ List of the World’s Best 500 Employers?

The local companies include the country’s biggest banks and property developers

Six of the largest companies in the Philippines are among the best employers in the world, according to US business magazine Forbes.In its first-ever listing of The World’s Best Employers, Forbes ranked 500 companies around the world that were most recommended by ...

by Lorenzo Kyle Subido  | October 16, 2017 05:00:00
News and Events

Which of the Biggest PH Businesses are Investing in the ASEAN Region?

Vietnam and Singapore attracted the most attention from the country’s largest conglomerates

Economic integration within the Association of Southeast Asian Nations (ASEAN) achieved a crucial milestone with the formal establishment of the ASEAN Economic Community (AEC) at the end of 2015. The AEC aims to transform the region into a single market and production ...

by Lorenzo Kyle Subido  | April 27, 2017 02:00:00
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