PHILIPPINES: SM opens new mall SM City Puerto Princesa in Palawan

PHILIPPINES: SM opens new mall SM City Puerto Princesa in Palawan

 

Pasay City, Philippines, 2017-Oct-11 — /EPR Retail News/ — With the opening of SM City Puerto Princesa in Palawan on September 15, SM has further expanded its retail footprint nationwide.

Determined to bring its mark of providing an exciting retail experience to as many Filipinos, SM launched its anchor retail brands in Puerto Princesa, one of the country’s main tourist destinations and voted as one of the best islands in the world by travel magazine Travel + Leisure. These included THE SM STORE, SM Supermarket and SM Appliance Center; as well as specialty brands Ace Hardware and Watsons with a combined floor area of over 15,000 square meters.

“SM’s maiden property and retail ventures in Palawan open opportunities for us to cater to an underserved tourist market. Under the government’s expansionary strategy, there is increased focus on regional development. This supports our overall strategy to further expand and cover as many provinces in the country to provide access to the best retail options to consumers,” SM Investments Corp. President Frederic DyBuncio said.

The additional retail brands add to SM Retail’s total of 2,357 as at end-June 2017. This comprises 58 THE SM STORES, 1,709 specialty stores, 50 SM Supermarkets, 44 SM Hypermarkets, 170 Savemore stores, 41 WalterMart stores and 285 Alfamart stores as of the given period.

“SM’s diversified retail business allows greater synergies with SM Prime’s own diverse product offerings and integrated developments. SM Retail is given room to further gain a foothold in the regions and further expand with each property expansion,” Corazon Guidote, SVP for Investor Relations at SM said.

Aside from its anchor and specialty retail brands, other SM-related brands that located in SM City Puerto Princesa are variety store chain Miniso, BDO, SM Cinema and Director’s Club and logistics company, 2GO as well as BDO.

SM Retail continues to expand across the country. For one, the food retail group under SM Markets plus WalterMart pursued its expansion both in urban and rural communities. For the SM STORE, it opened SM CDO Downtown in Cagayan de Oro this year aside from SM City Puerto Princesa. As of the first half, the total gross selling area of all 58 department stores stood at 760,000 square meters.

Revenues from SM Retail’s specialty retail stores grew 8% to PHP31.6 billion in the first half of 2017.  Specialty retail brands include Ace Hardware, SM Appliance Center, Homeworld, Our Home, Toy Kingdom, Watsons, Kultura, Baby Company, Sports Central, Forever 21 and Body Shop which continue to expand nationwide.

About SM Investments Corporation

SM Investments Corporation is a leading Philippine company that is invested in market leading businesses in retail, banking and property. It also invests in ventures that can capture high growth opportunities in the emerging Philippine economy. It looks for market leaders or those with potential to become leaders in their chosen sectors that offer synergies and attractive returns and cashflows.

SM’s retail operations are the country’s largest and most diversified with its food, non-food 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. (BDO), the country’s largest bank and China Banking Corporation (China Bank), the 7th largest bank.

For more about SM, click here: www.sminvestments.com

For further inquiries, please contact:
Ms. Corazon P. Guidote
Senior Vice President for Investor Relations
SM Investments Corporation
E-mail: cora.guidote@sminvestments.com
Tel. No. (632) 857-0117

Source: SM Investments Corporation

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Philippines: SM Investments Corporation with five awards from international magazine Alpha Southeast Asia

Pasay City, Philippines, 2015-9-3 — /EPR Retail News/ — SM Investments Corporation (SM) bagged five awards from international magazine Alpha Southeast Asia.

SM topped in three categories under the 5th Annual Southeast Asia’s Institutional Investor Awards for Corporates. These are Most Organised Investor Relations for the fifth year in a row; Best Senior Management Investor Relations Support; and Best Strategic Corporate Social Responsibility. SM was also named among the companies with the Most Consistent Dividend Policy.

SM’s Executive Vice President and Chief Financial Officer Mr. Jose T. Sio was likewise named Best Chief Finance Officer (CFO) in the Philippines for the fourth time in a row. Mr. Sio is known for his financial prudence while strongly supporting the phenomenal growth of the SM group of companies.

The awards presentation for the Philippine winners was held last September 1, 2015 at the Makati Shangri-La.

The awards is based on tallied votes among 520 investors and analysts across the region as well as the US and Europe. These included fund managers with investment interests in Southeast Asia, large institutional investors, insurance companies, pension funds, funds of hedge funds, private banks, equity and fixed income brokers as well as buy and sell-side analysts.

Alpha Southeast Asia is a monthly magazine primarily written for institutional investors, asset and fund management companies in Hong Kong, Singapore, other parts of Asia, US, Europe and the Middle East. The magazine also has a strong following among the region’s largest local corporates.

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For further information, please contact:
Ms. Corazon P. Guidote
Senior Vice President for Investor Relations
SM Investments Corporation
E-mail: cora.guidote@sminvestments.com
Tel. No. (632) 857-0117
www.sminvestments.com

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SM’s Executive Vice President and Chief Financial Officer Mr. Jose T. Sio (left) was named Best Chief Finance Officer (CFO) in the Philippines for the fourth time in a row by Alpha Southeast Asia magazine. Mr. Sio is known for his financial prudence while strongly supporting the phenomenal growth of the SM group of companies. With Mr. Sio is Siddiq Bazarwala, CEO and Publisher, Alpha Southeast Asia.

SM’s Executive Vice President and Chief Financial Officer Mr. Jose T. Sio (left) was named Best Chief Finance Officer (CFO) in the Philippines for the fourth time in a row by Alpha Southeast Asia magazine. Mr. Sio is known for his financial prudence while strongly supporting the phenomenal growth of the SM group of companies. With Mr. Sio is Siddiq Bazarwala, CEO and Publisher, Alpha Southeast Asia.

SM Investments Corporation and its subsidiaries honored at Asia’s 5th Asian Excellence Recognition Awards 2015

Pasay City, Philippines, 2015-4-20 — /EPR Retail News/ — Philippine conglomerate SM Investments Corporation (SM) and its subsidiaries recently received awards from Hong Kong-based publication Corporate Governance Asia’s 5th Asian Excellence Recognition Awards 2015.

Under the CG Asian Excellence Awards, SM and its subsidiaries, SM Prime Holdings, Inc. (SM Prime), BDO Unibank, Inc. (BDO) and China Banking Corporation (Chinabank) were chosen as awardees from the Philippines. The awards recognize excellence in financial performance, investor relations and communications, business ethics, corporate social responsibility (CSR) and environmental practices.

The awards highlighted the outstanding achievements of Chief Executive Officers or CEOs and Chief Finance Officers or CFOs in investor relations in both publicly-listed companies and in privately-owned entities, including state-owned and government-controlled enterprises in Asia.

“On behalf of SM Investments, we would like to thank Corporate Governance Asia for these citations. It’s cause for us to strive harder to ensure we further meet the needs of our retail and institutional investors aligned with global corporate governance standards,” SM Senior Vice President for Investor Relations Corazon P. Guidote said.

Awarded Best Investor Relations Companies are SM, BDO, SM Prime and Chinabank. The awardees for Best CEO for Investor Relations are BDO Chairperson Teresita T. Sy-Coson and SM Prime President and CEO Hans T. Sy. Awards for Best CFO for Investor Relations were given to Jose T. Sio of SM, Jeffrey C. Lim of SM Prime and Pedro M. Florescio III of BDO. Cited as Best IR Professionals are Corazon P. Guidote of SM, Luis S. Reyes, Jr. of BDO and Alexander Escucha of Chinabank.

Investor relations play a crucial in today’s business environment. Practitioners are instrumental in providing timely updates of the latest information and business development to keep the shareholders and other stakeholders fully informed. They also represent minority investors to the company’s boards and senior management, becoming the minority’s voice.

SM and its subsidiaries have nurtured investor relations throughout the years by assembling a senior team of professionals with more mature and comprehensive perspectives that have the support of the principals and management. The awards gathered for these departments over the years are a testament to excellence in service, a pro-active relationship and a strategic and integrated approach to corporate governance through investor relations.

The multiple awards given were the following:

SM Investments Corporation
Best CSR
Best CFO (Investor Relations)-Jose T. Sio
Best IR Company (Philippines)
Best IR Professional (Philippines)-Corazon P. Guidote
Best Environmental Responsibility
Best Corporate Communications Team

BDO Unibank Inc
Best CEO (Investor Relations)-Teresita T. Sy-Coson
Best CSR
Best CFO (Investor Relations)-Pedro M. Florescio III
Best IR Company (Philippines)
Best IR Company Professional (Philippines)- Luis S. Reyes Jr
Best Environmental Responsibility
Best Corporate Communications Team

SM Prime Holdings
Best CEO (Investor Relations)-Hans T. Sy
Best CSR
Best CFO (Investor Relations)-Jeffrey C. Lim
Best IR Company (Philippines)
Best Environmental Responsibility

Chinabank
Best IR Company (Philippines)
Best IR Professional (Philippines)-Alexander Escucha

The accolades are based both on the scores from the data that was submitted by CG Asia’s readers and investors.

Corporate Governance Asia is now read by 14,000 of the most important companies in Asia and provides incisive editorial content with extensive coverage on the latest and current developments, legislation’s, case studies and various analyses relating to corporate governance practices in Asia.

For further information, please contact:
Ms. Corazon P. Guidote
Senior Vice President for Investor Relations
SM Investments Corporation
E-mail: cora.guidote@sminvestments.com
Tel. No. (632) 857-0117
www.sminvestments.com

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SM Investments Corporation and its subsidiaries honored at Asia’s 5th Asian Excellence Recognition Awards 2015

SM Senior Vice President for Investor Relations Corazon Guidote receives the award on behalf of SM from Corporate Governance Asia Director and Publisher Aldrin Monsod.