SM Investments

Philippine conglomerate

This article has multiple issues. Please help improve it or discuss these issues on the talk page. (Learn how and when to remove these messages)

This article may contain excessive or inappropriate references to self-published sources. Please help improve it by removing references to unreliable sources where they are used inappropriately. (September 2022) (Learn how and when to remove this message)

|

This article needs additional citations for verification. Please help improve this article by adding citations to reliable sources. Unsourced material may be challenged and removed.
Find sources: "SM Investments" – news · newspapers · books · scholar · JSTOR (September 2024) (Learn how and when to remove this message)

|

The topic of this article may not meet Wikipedia's notability guidelines for companies and organizations. Please help to demonstrate the notability of the topic by citing reliable secondary sources that are independent of the topic and provide significant coverage of it beyond a mere trivial mention. If notability cannot be shown, the article is likely to be merged, redirected, or deleted.
Find sources: "SM Investments" – news · newspapers · books · scholar · JSTOR (May 2025) (Learn how and when to remove this message)

|

Some of this article's listed sources may not be reliable. Please help improve this article by looking for better, more reliable sources. Unreliable citations may be challenged and removed. (September 2024) (Learn how and when to remove this message)

|

(Learn how and when to remove this message)

SM Investments Corporation

Company type| Public

Traded as

| PSE: SM
Industry| Conglomerate
Founded| February 6, 1958; 67 years ago (1958-02-06), in
Manila, Philippines[1]
Founder| Henry Sy
Headquarters| 10th Floor, One E-Com Center, Harbor Drive Mall of Asia Complex, CBP-IA, Pasay, Philippines[2]

Area served

| Philippines

Key people

| Amando Tetangco Jr. (Chairman)
Teresita Sy-Coson (Vice Chairperson)
Henry Sy Jr. (Vice Chairman)
Frederick Dy Buncio (President and CEO)
Owners| Sy family (43.69%)[3]
Subsidiaries| SM Prime Holdings
SM Retail
SM Land
BDO Unibank
and other subsidiaries
Website| sminvestments.com

SM Investments Corporation (SMIC), also known as SM Group, is a Filipino conglomerate with interests in various sectors, mostly in shopping mall development and management, retail, real estate development, banking, and tourism.[4][5] Founded by Henry Sy, it has become one of the largest conglomerates in the Philippines,[6] being the country's dominant player in retail with 208 stores nationwide. Of these, 47 are SM Department Stores; 38 are SM Supermarkets; 37 are SM Hypermarkets, and 86 are SaveMore branches.

It is the largest company in the Philippines in terms of market capitalization, and has repeatedly ranked as the top Philippine company in the Forbes Global 2000.[7][8]

## History

[edit]

In 1958, Henry Sy Sr. started his first company, ShoeMart (SM), a small shoe store in Carriedo, Manila, Philippines. He initially focused on buying large supplies of shoes from the United States. His business expanded as he transformed his shoe store into a department store.[9]

At this point, Sy set up his second company, SM Department Store Inc., and began selling stocks to department stores. In 1978, he began buying supermarkets at the northern end of EDSA in Quezon City. During the 90s when he opened SM Megamall, his companies were listed in the Philippine Stock Exchange, SM Prime Holdings Inc.[10] By 2005, the SM Investments Corporation was inaugurated.

In April 2017, SMIC appointed Jose Sio as CEO.[11]

## Subsidiaries

[edit]

Retail

Main article: SM Retail

* SM Markets – a chain of food retail stores consisting of SM Supermarket, SM Hypermarket and Savemore.
* SM Store – a department store
* Walter Mart – a shopping mall owned by a joint venture between SM and a local company.
* Alfamart – a convenience store owned by a joint venture between SM and an Indonesian company.
* Specialty Stores – SM operates leading local retail chains such as Ace Hardware, SM Appliances, Homeworld, Our Home, Toy Kingdom (International Toyworld Inc.), Kultura, Baby Company, Sports Central, Pet Express, Miniso, Watsons, Uniqlo,[12] etc.
* Gentree Fund – a venture capital fund investing in early-stage all the way to pre-IPO companies.[13]

Banking

* BDO Unibank – one of the largest banks in the Philippines
* ChinaBank – the first privately-owned local commercial bank in the Philippines – (SM owns 30% of the company)

Property

Main articles: SM Prime Holdings and SM Supermalls

* SM Supermalls – the shopping malls of SM Investments Corporation is operated by its subsidiary, SM Prime Holdings.
* SM Development Corporation (SMDC) – is a residential property developer which focuses on the premium middle market. SMDC now operates SM Residences and MPlace.
* Mall of Asia Complex – is an alternative business and tourism district, as well as the home of the SM Mall of Asia, SMX Convention Center (the largest private venue in the Philippines), OneE-com Center and SM Mall of Asia Arena (one of the largest private sports venues in the Philippines). The Mall of Asia Complex occupies 60 hectares of land along the coast of Manila Bay, offering locations for business, tourism, retail, and leisure projects.
* OCLP Holdings – the parent of Ortigas & Company Limited Partnership. Since November 2014, the consortium of SM Investments and the family of Francisco Ortigas has owned 37% of the holding.

Lifestyle Entertainment

* SM Cinema – includes Director's Club Cinema, IMAX Theatre, WM Cinemas, Blink, ePlus, and Snack Time.
* SM Skating
* SM Game Park
* Exploreum
* SM Tickets
* SM Mall of Asia Arena is a venue which hosts concerts and other big events, opened on June 16, 2012. Its seating capacity is 16,000 and it hosted the 2013 FIBA Asia Championship. It is one of the largest arenas in the Philippines.
* SM Seaside Arena, the company's second arena is located in Cebu City.[14] Plans for the arena were first made in 2013, but were reportedly canceled in 2017,[15][16] but were eventually resumed later on. The arena is slated to open by 2025.
* SM Food Court
* SM Appliance Center

Leisure

* Costa del Hamilo Inc – is a large-scale eco-tourism project to develop in phases 5,700 hectares of land by the sea in Nasugbu, Batangas into a network of coastal resort communities.
* Highlands Prime, Inc. – is a residential developer in Tagaytay Highlands, a mountainside resort and residential complex.

Mining

* Atlas Consolidated Mining and Development Corporation – is engaged in gold mining operations.[17]

Hotels and Convention Centers

* SM Hotels
* Conrad Manila in Pasay
* Taal Vista Hotel in Tagaytay City
* Pico Sands Hotel in Nasugbu
* Pico de Loro
* Radisson Blu Hotel in Cebu
* Park Inn by Radisson in Davao
* Park Inn by Radisson in Clark
* Park Inn by Radisson in North Edsa
* Park Inn by Radisson in Iloilo
* SMX Convention Center (SMX) is a convention center used for hosting conventions, seminars, and conferences.
* SM Mall of Asia complex in Pasay, opened on November 26, 2007
* SM Lanang in Davao City, opened on September 12, 2012
* SM Aura in Taguig City, opened on May 17, 2013
* SM City Bacolod, opened in September 2014
* SM Seaside City opened on 2015
* SM City Clark
* BMegatrade Hall in Mandaluyong
* Cebu Trade Hall in Cebu City

Education

* National University at Manila – a private non–sectarian coeducational institution in Manila.[18]
* Asia Pacific College – a joint venture between SM and IBM Philippines.[19]

Gaming

* Belle Corporation is Henry Sy's foray into the gaming industry in the Philippines, hoping to capitalize on the future of Pagcor's entertainment city. It is the developer of leisure and tourism destinations in the country.[20][21][17] – (SM owns 27%)

Other Investments and Affiliations

* 2GO \- supply chain operating in shipping, freight, warehousing and express delivery.[22] \- (SM owns 67.2%)
* Airspeed - an express courier company.[20][23] \- (SM owns 51%)
* Atlas Consolidated Mining and Development Corporation - mining company with significant holdings of Philippine mineral resources.[20][24] \- (SM owns 34.1%)
* CityMall \- commercial centers owned by a joint venture between SM and DoubleDragon Properties Corp.[17] \- (SM owns 34%)
* Goldilocks \- a leading Filipino bakeshop heritage brand trusted by Filipino consumers for over 50 years.[17] \- (SM owns 74%)
* MyTown - Dormitories owned by Philippines Urban Living Solutions, Inc.[17] \- (SM owns 71.3%)
* National Grid Corporation of the Philippines (NGCP) - privately-owned power transmission company established in January 15, 2009 through Republic Act (RA) 9511 that took over from National Transmission Corporation (TransCo) under Department of Energy (DOE) of the Philippine government during the administration of President Gloria Macapagal Arroyo which privatized the operations, maintenance, management, expansion, construction, and eminent domain of the Philippine power grid and its related assets and facilities. Assuming it secures a renewal, NGCP has a 50-year concession period from January 15, 2009 to December 1, 2058. It is 30% owned by SM Group (other 30% with Filipino-Chinese businessman Robert Coyiuto), in joint venture with the State Grid Corporation of China (SGCC) which has the rest of constitutionally-mandated maximum foreign allowable percentage of 40% of the total voting eligible shareholdings.[25][26]
* Neo - is the owner, developer, and manager of the Philippines' top certified green buildings located in Bonifacio Global City.[20][27] \- (SM owns 95% in Neo Subsidiaries and 34% in Neo Associates)
* Philippine Geothermal Production Company (PGPC) - geothermal development company owned by Allfirst Equity Holdings (AEH) [17] \- (SM owns 100%)
* United Infrastructure Corporation (UIC) - infrastructure development company owned by a joint venture between SM and the Philippine media conglomerate and broadcasting company ABS-CBN Corporation under Lopez Holdings Corporation owned by the López family.[17] \- (SM owns 75.9%)

### Dissolved

[edit]

* Pilipinas Makro \- A former warehouse club that most of its locations were converted to SM Hypermarket and SM Savemore.
* Supersale Club \- A former annex that was located northeast of the SM North EDSA Complex. (The site of the building is now The North Towers)
* Equitable PCI Bank - A former bank which later merged with BDO.

## Social involvement

[edit]

SM Foundation

SM Foundation is the corporate responsibility arm of the SM Group of Companies. The foundation has various areas of advocacy: education, scholarship programs, building schools, disaster response, health care, medical missions, mobile clinics, and religious community projects.

SM Cares

SM Cares is a program created to consolidate and coordinate all of SM Prime's corporate social responsibility (CSR) initiatives. Carried out in all SM malls nationwide, SM Cares' CSR projects cover environmental conservation (energy, air and water), and assistance to customers of SM malls with special needs such as the disabled, special children, the elderly and nursing mothers.[28]

## References

[edit]

1. ^ "SMIC". Archived from the original on August 8, 2016.
2. ^ "SM Investments Corporation". sminvestments.com. Retrieved January 23, 2019.
3. ^ "SM Investments Corporation - Public Ownership Report". PSE Edge. March 31, 2025. Retrieved April 21, 2025.
4. ^ "SM Company Profile (from PSE website)". Archived from the original on May 26, 2011.
5. ^ The S.M. Group International Inc., Investing Businessweek, September 25, 2010.
6. ^ "Home - SM Investments Corporation". Archived from the original on May 1, 2009.
7. ^ "SM Investments on the Forbes Global 2000 by Hans Sy, Jr. List". Forbes. Retrieved February 16, 2017.
8. ^ "The World's Biggest Public Companies". Forbes. Retrieved February 16, 2017.
9. ^ "Sm Energy Co (SM:New York)". Business Week.
10. ^ "SM Prime Holdings -". smprime.com. Retrieved January 23, 2019.
11. ^ Dumlao-Abadilla, Doris (April 27, 2017). "SM Investments names Sio as new chair, replacing Henry Sy". business.inquirer.net. Retrieved April 27, 2017.
12. ^ "Uniqlo to open first PH store in June at SM MOA". ABS-CBN News.
13. ^ "Gentree Fund is setting aside $40 million to invest in companies entering The Philippines". Entrepreneurship News, Community, and Resources | BEAMSTART. Retrieved July 14, 2021.
14. ^ "Mall of Asia Arena | About Mall of Asia Arena". mallofasia-arena.com. Archived from the original on May 24, 2012. Retrieved January 13, 2022.
15. ^ Nalzaro, Bobby (January 23, 2017). "Nalzaro: SM to cancel multi-billion projects". Sun.Star Cebu. Sun.Star Cebu. Retrieved February 6, 2019.
16. ^ Limpag, Mike T. (January 25, 2017). "Limpag: Fans dream of arena foiled by politics". Sun.Star. Sun.Star. Retrieved February 6, 2019.
17. ^ a b c d e f g "Equity Investments". SM Investments Corporation.
18. ^ "From local shoe shop to global conglomerate: Henry Sy's list of companies". ABS-CBN News.
19. ^ "About APC". APC.edu.ph.
20. ^ a b c d "Investor Presentations - SM Investments Corporation". SM Investments Corporation. Retrieved August 28, 2023.
21. ^ "Belle Corporation". Retrieved August 28, 2023.
22. ^ "Portfolio Investments". SM Investments Corporation.
23. ^ "Homepage - Airspeed". Retrieved August 28, 2023.
24. ^ "About Us: Atlas Consolidated Mining and Development Corporation". Retrieved August 28, 2023.
25. ^ https://mb.com.ph/2025/1/19/who-s-cashing-out-of-ngcp
26. ^ Marichu A. Villanueva (June 16, 2023). "Regulating the regulators". The Philippine Star. Retrieved August 26, 2023.
27. ^ "About Us - NEO". Retrieved August 30, 2023.
28. ^ "About SM Cares - Let's do Our Share | SM Supermalls". www.smsupermalls.com. Archived from the original on January 6, 2013. Retrieved January 13, 2022.

## External links

[edit]

* Media related to SM Investments Corporation at Wikimedia Commons

* Official website
* SM Prime Holdings website

* v
* t
* e

PSE Composite Index companies of the Philippines

Current|

* Aboitiz Equity Ventures
* ACEN
* Alliance Global
* AREIT
* Ayala
* Ayala Land
* BDO
* BPI
* Bloomberry
* Century Pacific Food
* Chinabank
* Converge ICT
* DMCI Holdings
* Emperador
* Globe Telecom
* GT Capital
* International Container Terminal Services
* JG Summit Holdings
* LT Group
* Meralco
* Metrobank
* Monde Nissin
* PLDT
* Puregold
* San Miguel
* Semirara Mining and Power
* SM Investments
* SM Prime
* Universal Robina

Former|

* Aboitiz Power
* ABS-CBN Corporation
* Belle Corporation
* Benpres Holdings
* C&P Homes
* Cebu Pacific
* Digitel
* Empire East Land
* Energy Development Corporation
* Equitable PCI Bank
* Fil-Estate Land
* Filinvest
* First Gen Corporation
* First Philippine Holdings
* GMA Network
* Holcim Philippines
* La Tondeña Distillers
* Jollibee
* Lepanto Mining
* Manila Mining
* Megaworld Corporation
* Metro Pacific Investments
* Music Corporation
* Nickel Asia
* Petron
* Philex Mining
* Philippine National Bank
* Philippine Stock Exchange
* Piltel
* Rizal Commercial Banking Corporation
* Robinsons Land
* Robinsons Retail
* Security Bank
* Southeast Asia Cement Holdings
* Unionbank
* Union Cement
* Vista Land
* Wilcon Depot

* v
* t
* e

SM Prime

Philippine shopping malls
(Supermalls)|

| Major shopping centers|

* North EDSA
* Megamall
* Mall of Asia
* Seaside City

|

Lifestyle malls|

* Aura
* The Podium
* S Maison at Conrad Manila
* J Mall

| Upcoming|

Neo Verde

|

Community malls|

| SM City|

* Sta. Mesa
* Cebu
* Fairview
* Iloilo
* Pampanga
* Davao
* CDO Uptown
* Baguio
* Dasmariñas
* Valenzuela
* Santa Rosa
* Clark
* Bacolod
* Marikina
* Rosales
* Baliwag
* Naga
* Rosario
* Tarlac
* San Pablo
* San Fernando Downtown
* General Santos
* Cauayan
* San Mateo
* Cabanatuan
* Puerto Princesa
* Legazpi
* Olongapo Central
* Butuan
* Mindpro (70%)
* Grand Central
* Tanza
* Caloocan
* Laoag

| Upcoming|

* Zamboanga

|

SM Center|

* Angono
* Tuguegarao Downtown
* Dagupan

Others|

* Quiapo
* Delgado
* Southmall
* Lanang
* CDO Downtown

China shopping malls|

| Operating malls|

* Xiamen
* Lifestyle Center
* Jinjiang
* Suzhou
* Chengdu

|

US (Guam) shopping malls|

| Acquired|

* Agana Shopping Center

|

Commercial properties|

* SM Mall of Asia Arena
* SM Seaside Arena

Residential properties|

* Tagaytay Highlands

Hotels and convention centers|

* Conrad Manila
* SMX Convention Center
* Manila

Key people and related articles|

* Abenson
* Henry Sy
* Sky Ranch
* SM Estates
* SM Investments
* SM Retail
* Disney Store
* Teresita Sy-Coson
* Walter Mart

*[v]: View this template
*[t]: Discuss this template
*[e]: Edit this template