Pasay City, Philippines, 2014-11-12— /EPR Retail News/ — Henry Sy, Sr., Chairman of SM Investments Corporation (SM) and founder of the 56-year old company was awarded by top CNBC officials a prestigious Lifetime Achievement Award at a well-attended ceremony at the St Regis hotel in Singapore.
Known as the Father of Philippine Retail, Sy successfully built SM into the industry’s most dominant player in the country by adopting a highly progressive and innovative approach in expanding the retail business. With his vision, passion and hard work, Sy transformed his company, Shoemart, from a humble shoe retailing business, into SM, now a highly recognizable brand and icon owned by one of the Philippines’ largest conglomerates with interests and presence in retail, banking, and property.
SM Vice Chairperson Teresita Sy-Coson who received the award on behalf of her father said, “We are very happy that our father was recognized beyond the Philippines. What makes him happy, makes us also very happy. On behalf of my father and the rest of the family, thank you for this award.”
CNBC pioneered the Asia Business Leaders Awards (ABLA) in 2001 to recognize regional business leaders for their commitment to excellence, and to develop best practices and innovative strategies. ABLA distinguishes and honors leaders who have contributed and shaped the Asian economy, and are visionaries behind today’s outstanding businesses.
Winners of the Awards exemplify the best in leadership. They epitomize the core values of a successful leader which include: strength, innovation, ingenuity, knowledge and foresight – values that are believed to be imperative to carve out sustainable and successful businesses in the global economy.
Past winners of CNBC’s prestigious awards include Ratan Tata of India’s Tata Sons & Tata Trusts, Khun Dhanin Chearavanont, Chairman & CEO of Thailand’s C P Group, N R Narayana Murthy, Chairman of India’s Infosys and Gordon Wu, Chairman of Hong Kong’s Hopewell Holdings.
The corporate winners are judged by an independent panel comprising CNBC’s knowledge partner, The University of Chicago Booth School of Business, our research partner Development Dimensions International and CNBC management.
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About SM Investments Corporation
SM Investments Corporation (SM) is one of the leading conglomerates in the Philippines with highly synergistic businesses in retail, banking and property development. SM has evolved into one of the highly respected companies in the country owing to its progressive approach in business and its comprehensive sustainability programs for its host communities through SM Foundation and SM Cares.
SM’s retail operations enjoy a strong brand franchise consisting of The SM Store and its food retail chains namely SM Supermarket, SM Hypermarket, Savemore and WalterMart stores. SM’s property arm, SM Prime Holdings, Inc. is among the largest integrated property developers in the Philippines with interests in mall, residential, commercial and tourism development. SM’s interests in banking are in BDO Unibank, Inc. (BDO), the country’s largest and in China Banking Corporation (China Bank), the fifth largest. Combined, these two banks have a network of over 1,000 branches nationwide.
For further information, please contact:
Elizabeth S. Lacson
SM Investments Corporation