“Any moderation in inflation should trigger a strong confidence rebound. This could create opportunities in consumer-focused sectors in the country and we are poised to cater to these evolving demands. By investing and expanding to more areas nationwide, SM creates new markets and improves access to these essential sectors, serving more communities and helping stimulate sustained economic activities. Our focus for 2025 will be to drive purposeful growth, empowering communities and partners through our investments towards a sustainable future.” ~Mr. Frederic C. DyBuncio, SM Investments President and Chief Executive Officer
Encouraged by the Philippine economy's sustained growth, the SM Group is looking forward to the upcoming year with cautious optimism.
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| Mr. Frederic C. DyBuncio, SM Investments President and Chief Executive Officer |
SM Investments President and Chief Executive Officer Frederic C. DyBuncio said that despite ongoing challenges of peso volatility and higher inflation, the business sector has adapted well.
According to data from the Philippine Statistics Authority, household spending was maintained in the third quarter due to consistent demand. Household Final Consumption Expenditure posted a 5.1% year-over-year growth, staying at the same level from the same quarter the previous year.
In order to meet the increasing demand, SM keeps growing into more underprivileged areas, promoting sustainable economic growth and working with government partners to improve access to integrated real estate developments, contemporary retail, and financial services.
Mr. DyBuncio added that SM keeps funding promising projects that stimulate the economy, like logistics and renewable energy.
Through the Philippine Geothermal Production Company (PGPC), which generates 300 Megawatts of geothermal steam supply, SM has made investments in the clean energy sector. SM wants to support the Department of Energy's objective of having 50% of its energy come from renewable sources by 2040 by continuing to develop geothermal concessions through PGPC.
SM Prime Holdings, SM's real estate division, teamed up with GUUN Co. to promote circularity in the production of green energy. Ltd. (GUNN) to apply the Japanese method of lessening the impact of landfills. Packaging that is difficult to recycle or non-recyclable is turned into alternative fuel by the technology.
One of the biggest contributors to renewable energy projects is BDO Unibank, SM's banking division. As of December 2023, BDO has invested PHP898 billion in sustainable finance, which includes loans to 59 renewable energy projects.
In terms of tourism and logistics, the development of transportation networks throughout the nation's archipelago links industrial and tourist destinations, fostering inclusive growth. By launching MV Masigla and MV Masikap in 2024 through its subsidiary 2GO, SM further supports the government's push for medium-term growth through improved tourism infrastructure and ecosystem by improving the connection of goods to 19 ports nationwide, including Manila, Bacolod, Cagayan de Oro, and Iloilo.
About SM Investments Corporation
SM Investments Corporation is one of the leading Philippine companies that is invested in market-leading businesses in retail, banking, and property. It also invests in ventures that capture high growth opportunities in the emerging Philippine economy.
SM’s retail operations are the country’s largest and most diversified, consisting of grocery stores, department stores and specialty retail stores. SM’s property arm, SM Prime Holdings, Inc., is the largest integrated property developer in the Philippines with interests in malls, residences, offices, hotels, and convention centers as well as tourism-related property developments. SM’s interests in banking are in BDO Unibank, Inc., the country’s largest bank, and China Banking Corporation, the fourth largest private domestic bank.
For more information, please visit www.sminvestments.com
For inquiries, please contact: smic_corpcomm@sminvestments.com
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