SM Vice Chairperson Teresita Sy-Coson honored with the Man of the Year award from the Management Association of the Philippines

SM Vice Chairperson Teresita Sy-Coson honored with the Man of the Year award from the Management Association of the Philippines

 

Pasay City, Philippines, 2016-Dec-13 — /EPR Retail News/ — Ms. Teresita Sy-Coson received this year the prestigious Man of the Year award from the Management Association of the Philippines (MAP), the same great honor bestowed on her father, retail pioneer Henry Sy, Sr. 17 years ago.

Mr. Sy, in his acceptance speech then said that the “day will come when I will look at this MAP award and remember the work it honors”.

Today, that day has come for his eldest child, Mrs. Coson who was cited by MAP for steering SM’s retail business to greater heights; for transforming SM’s property business into one of the largest integrated property developers in Southeast Asia; for her valuable contribution in sustaining BDO’s position as a leading bank; for her leadership in the substantial contributions of SM to national development, job creation and income generation; for strengthening the identity of companies under SM as socially responsible corporate citizens; and for her contribution to reshaping national values through her track record of integrity, professional competence and strong leadership.

The prestigious roster of MAP Man of the year awardees include:  Washington Z. SyCip (1967), Geronimo Z. Velasco (1977), Henry A. Brimo (1978), Jose M. Soriano (1979), Cesar E.A. Virata (1981), Jaime V. Ongpin and Vicente T. Paterno (1982), Dante G. Santos (1983), Cesar A. Buenaventura and Roberto T. Villanueva (1985), Jaime Zobel  de Ayala (1987), Ramon V. del Rosario, Sr. (1988), Jose B. Fernandez, Jr. (1989), Raul T. Concepcion (1990), Oscar J. Hilado (1991), Alfonso T. Yuchengco (1992), Juan B. Santos (1994), David  M. Consunji and Rizalino S. Navarro (1996), Gabriel C. Singson (1998), Delfin L. Lazaro and Henry Sy, Sr. (1999), Oscar M. Lopez (2000), Tony Tan Caktiong (2002), Jesus P. Tambunting (2003),  Rafael B. Buenaventura (2004), Manuel V. Pangilinan (2005), George S. K. Ty and Jaime Augusto Zobel de Ayala (2006), Jose L. Cuisia Jr. (2007), Antonino T. Aquino and Jesus P. Estanislao (2009), Lilia B. de Lima and Ramon R. del Rosario, Jr. (2010), Erramon Aboitiz (2011), Aurelio R. Montinola III (2012), Edgar O. Chua (2013), Albert F. del Rosario (2014) and Amando M. Tetangco, Jr. (2015).

Source: SM Investments Corporation

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The Bartell family won the Seattle Business Magazine “2016 Washington Family Business Award for Legacy”

SEATTLE, 2016-Dec-09 — /EPR Retail News/ — The Bartell family, owners of the Washington chain of Bartell Drugs stores, won the Seattle Business Magazine “2016 Washington Family Business Award for Legacy” presented at a special event held Wednesday night at the Westin Hotel.

With its exceptional Northwest history and reputation, the Bartell family was in the running with a number of multi-generational, distinguished family business enterprises nominated from all over the state. The Bartells were eventually chosen due to their long tenure, sustained business acumen and stature, and outstanding duty to service and community.

Eleven other family enterprises (averaging over 77 years of continuous family ownership each) from across the state were also in contention for the award.

Bartell Drugs has been continuously owned by the Bartell family since its origin in Seattle’s Central District. Pioneer George H. Bartell, Sr., opened his first drugstore in 1890, nine years before Washington became a state. Since then, the family has grown it into the oldest and largest family-owned drugstore in the United States, currently with 65 locations in western Washington.

The chain continues to grow with two additional stores set to open in 2017 in Seattle’s Greenlake neighborhood and one on the Eastside’s Snoqualmie Ridge, always focusing on convenience, service and local flavor.

The third and fourth generations of the Bartell family was on-hand for the presentation event, including George D. Bartell, chairman of the Bartell Drugs’ Board; Jean Bartell Barber, sister of George and vice chair of the Board; and Evelyn Merrill, senior manager, digital, for the company.

About Bartell Drugs:
Family-owned since 1890, Seattle-based Bartell Drugs is proud of its more than 125-year history based here in the Northwest. Four generations of the Bartell family have continuously focused on the future — and how the drugstore chain can better serve its customers. With exceptional customer service, locally made products and a focus on your overall wellbeing, Bartell Drugs is here to help. Operating 65 locations in King, Snohomish and Pierce counties, it is the nation’s oldest family-owned drugstore chain.  For more information on Bartell Drugs, visit www.bartelldrugs.com

Media Contact:

Ric Brewer
Senior Communications Manager
Bartell Drugs
206-933-9416 (office)
ric.brewer@bartelldrugs.com

Source: Bartell Drugs

Philippines: 2016 Ramon V. Del Rosario (RVR) Award given to Retail pioneer Henry Sy, Sr.

Makati, Philippines, 2016-Aug-01 — /EPR Retail News/ — Retail pioneer Henry Sy, Sr. received the 2016 Ramon V. Del Rosario (RVR) Award for Nation Building.

This award is a project of the Junior Chamber International (JCI) Manila  and the Asian Institute of Management’s Center for Corporate Social Responsibility. Named in honor of JCI’s (formerly Manila Jaycees) founding president, Ramon V. Del Rosario, it recognizes individuals who best exemplify outstanding corporate citizenship and have an underlying passion for nation building. Sy joined JCI Manila in 1958 and became an officer in 1963.

“We are honored to receive this award from JCI Manila and in cooperation with RVR. This award is meaningful to my dad. He always enjoyed his time with Manila Jaycees. It is here where he learned a  lot from other members,” Ms. Teresita Sy-Coson, SM Investments Corporation Vice Chair said in accepting the award on behalf of her father.

Ms. Sy-Coson said that Mr. Sy liked to tell his children that joining the organization made him realize a very important lesson in life.

“If you want to be a leader, you have to make things happen. It was through Jaycees that my father learned more about entrepreneurship, the importance of nation building and of corporate social responsibility which he continues to apply today,” Ms. Sy-Coson said.

Mr. Sy is the founder of SM and is the chairman of holding firm SM Investments Corporation. With roots in retail, Mr. Sy successfully built SM which today is now a dominant conglomerate in the country with interests in banking, property and retail.

In a message, Former Chief Justice Artemio Panganiban and the Chairman of the Board of Judges of the RVR Awards said Mr. Sy exemplifies Ambassador Ramon Del Rosario’s intertwining passions for nation-building and entrepreneurship. “Through sheer hard work, innovative spirit, exemplary leadership and indomitable conviction in the power of example, he rose from very humble beginnings to form and lead the largest Philippine business conglomerate comparable to the very best in the world,” Panganiban said.

“Truly the Board of Judges is honored and pleased to have chosen an icon whose life story proves that the Filipino can compete freely and excel grandly in the world,” he added.

Mr. Ramon del Rosario, Jr., President of the PHINMA Group also said, “As we congratulate Dr. Sy, we also thank him and his family for honoring us by accepting the award.”

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

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

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The Sy family accepted the RVR Award for Nation Building on Tuesday on behalf of Mr. Henry Sy, Sr.; (From left) Mr. Ramon V. Del Rosario, Jr. President and CEO of Phinma Group; Ms. Teresita Sy-Coson, SM Investments Vice Chairperson; Mrs. Felicidad Sy; Mr. Hans Sy, President of SM Prime Holdings and Retired Chief Justice Artemio Panganiban who is also the Chairman of the Board of Judges of the RVR Awards
The Sy family accepted the RVR Award for Nation Building on Tuesday on behalf of Mr. Henry Sy, Sr.; (From left) Mr. Ramon V. Del Rosario, Jr. President and CEO of Phinma Group; Ms. Teresita Sy-Coson, SM Investments Vice Chairperson; Mrs. Felicidad Sy; Mr. Hans Sy, President of SM Prime Holdings and Retired Chief Justice Artemio Panganiban who is also the Chairman of the Board of Judges of the RVR Awards

 

Source: SM Prime Holdings

SM Investments Corporation wins double at the 8th Annual Global Corporate Social Responsibility (CSR) Summit and Awards

Pasay City, Philippines, 2016-May-05 — /EPR Retail News/ — SM Investments Corporation (SM) won two awards at the 8th Annual Global Corporate Social Responsibility (CSR) Summit and Awards held in Indonesia.

SM bagged a silver award for Best Corporate Communications & Investor Relations and a bronze award as Best Governed & Most Transparent Company.

In addition to receiving the award, Ms. Guidote was a panel speaker in a discussion on “Community Transformation Challenge 2016 and Beyond—From Poverty Alleviation to Viable & Sustainable Communities”.

Started eight years ago, the Global CSR Summit & Awards is a prestigious international award event which aims to raise awareness on CSR-related issues. It also recognizes outstanding individuals and companies around the world for their contributions in environment preservation, community transformation and poverty alleviation, women’s rights and welfare, workplace practices and product innovations in CSR.

About SM Investments Corporation
SM Investments Corporation, founded by entrepreneur Henry Sy, Sr., is one of the country’s largest publicly listed companies with a sustainable group of businesses that thrives on synergies of its banking, property and retail operations. SM has grown into one of the most 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 non-food under THE SM STORE and food under SM Markets comprising of SM Supermarket, SM Hypermarket, and Savemore and other food retail stores under Waltermart and Alfamart. 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 seventh largest bank.

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

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

Source: SM

SM Investments Corporation records 12% growth in recurring net income in the first quarter of 2016

Pasay City, Philippines, 2016-May-04 — /EPR Retail News/ — SM Investments Corporation (SM) posted a 12% growth in recurring net income in the first quarter of 2016. Consolidated net income (including non-recurring items) stood at PHP 7.0 billion for the January to March period, up 3.6% from PHP 6.7 billion in the same period last year. Consolidated revenues grew 7% to PHP 69.8 billion for the first quarter.

“We are pleased with SM’s strong underlying growth in the first quarter as consumer spending continued to be vibrant and sentiment about the Philippine economy remains strong. Our continuing efforts to improve efficiency in all our businesses have also helped ensure solid earnings growth,” SM President  said.
For the first quarter, property accounted for 43% of SM’s consolidated net income, followed by banks at 36% and retail at 21%.

Retail
Retail operations under SM Retail Inc., which consist of both food (SM Markets) and non-food (THE SM STORE), reported sustained growth in total sales of 8% to PHP 48.8 billion in the first quarter, while net income rose 16% to PHP 1.5 billion.

SM’s food retail business continued to expand, adding five new stores. At end-March, SM Retail had a total of 314 stores comprising 53 THE SM STOREs, 45 SM Supermarkets, 44 SM Hypermarkets, 140 Savemore and 32 WalterMart stores.

Following their acquisition last year and recent modernization, two Cherry Foodarama grocery stores are now fully operational inside SM Cherry malls in Shaw and Congressional Avenue.

SM earlier announced the merger of SM Retail with a group of specialty retail stores such as Ace Hardware, SM Appliance Center, Homeworld, Our Home, Toy Kingdom, Watsons, Kultura, Baby Company and Sports Central. The combined entity will have over 1,900 outlets and 2.4 million sqm of gross floor area.

Banking
For the first quarter of 2016, BDO Unibank posted a net income of P 5.5 billion as core lending, deposit-taking and fee-generating businesses delivered solid numbers. Net Interest Income grew by 17% to P 15.5 billion, supported by the 15% jump in customer loans to PHP 1.3 trillion and a 14% growth in deposits to PHP 1.7 trillion.

Property
SM Prime Holdings, Inc. (SM Prime) reported a recurring net income growth of 12% in the first quarter to PHP 5.8 billion. Consolidated revenues rose 10% to PHP 18.2 billion.

Rental revenues from malls and commercial spaces, which accounted for 59% of the total, grew 14% to PHP 10.8 billion.  On the other hand, total mall revenues rose 11% to PHP 11.0 billion from PHP 9.9 billion in the previous year. Excluding the new malls and expansions, same-store growth averaged 7%. Total revenues from the commercial group registered a 16% growth in revenues to PHP 887.2 million.

SM Prime’s residential group, which accounted for 32% of total revenues, recorded higher revenues by 5% to PHP 5.8 billion in the period largely on higher construction accomplishments of SM Development Corporation (SMDC) projects launched in 2013 to 2015.
The hotels and convention centers business grew by 22% in the first quarter of 2016 to PHP 617.2 million in terms of revenues.

Balance Sheet
As of end-March, total assets of SM grew 6% to PHP 760.5 billion. SM maintains a healthy balance sheet with a conservative gearing ratio of 36% net debt to 64% equity.

About SM Investments Corporation
SM Investments Corporation, founded by entrepreneur Henry Sy, Sr., is one of the country’s largest publicly listed companies with a sustainable group of businesses that thrives on synergies of its banking, property and retail operations. SM has grown into one of the most 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 non-food under THE SM STORE and food under SM Markets comprising of SM Supermarket, SM Hypermarket, and Savemore and other food retail stores under Waltermart and Alfamart. 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 seventh largest bank.

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

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

SM Investments Corporation marked its 10th year as publicly-listed company in the Philippine Stock Exchange

Pasay City, Philippines, 2015-3-31 — /EPR Retail News/ — SM Investments Corporation (SM) today marked its 10th year as a publicly-listed company in the Philippine Stock Exchange.

SM listed on March 22, 2005 with an adjusted price of PHP 191 per share. As of March 26, SM closed at PHP888 apiece, representing a growth of 365%.

In his remarks during the anniversary ceremony, SM Chief Finance Officer Jose T. Sio said that the company’s growth has been tremendous over the last ten years.

“More compelling is how our operating companies in retail, property and banking have emerged to be market leaders in just ten years. Such leadership is backed by having one of the largest footprints in the country consisting of highly productive assets and delivering superior value, margins and returns. These assets have evolved to cater to more sophisticated lifestyles of our customers by providing a world-class look and feel, a sense of completeness and an exciting experience for every member of the family,” Mr. Sio said.

In 2005, SM had total assets of PHP153 billion and a market capitalization of PHP127 billion. Today, , SM’s assets are worth over PHP711 billion with a market capitalization of PHP732 billion. Its assets grew almost seven -fold, delivering an average annual growth of 21% over the last ten years. Market capitalization grew by 19% during the same period.

Revenues also accelerated in the last ten years for an average growth of 20.6% per annum with net income showing an average growth of 21.4 percent each year.

“Indeed, the story of SM has inspired and surprised many, ourselves included, as we witnessed its phenomenal growth from humble beginnings to what it has become today. SM is a story of leadership, innovation, commitment, focus and a collective effort to advance the great legacy that Mr. Henry Sy, Sr. built,” Mr. Sio further said.

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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 most 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 , WalterMart and Alfamart 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:

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 officials led by SM Executive Vice President and Chief Finance Officer Jose T. Sio (fifth from right) rang  the bell on the local bourse to mark the company’s 10th year of listing as well as the opening of trades for the day. From left to right: Philippine Stock Exchange (PSE) Director Alejandro T. Yu; SM Senior Vice President (SVP) for Investor Relations Corazon P. Guidote; SM SVP for Corporate Services Elizabeth Anne C. Uychaco; SM SVP for Finance Franklin C. Gomez; SM SVP for Investments Portfolio Frederic C. DyBuncio; SM Independent Director Vicente S. Perez, Jr.; SM EVP and CFO Jose T. Sio; PSE Directors Edgardo G. Lacson, Eddie T. Gobing, Emmanuel O. Bautista and PSE Chief Operating Officer Roel A. Refran.

SM officials led by SM Executive Vice President and Chief Finance Officer Jose T. Sio (fifth from right) rang the bell on the local bourse to mark the company’s 10th year of listing as well as the opening of trades for the day. From left to right: Philippine Stock Exchange (PSE) Director Alejandro T. Yu; SM Senior Vice President (SVP) for Investor Relations Corazon P. Guidote; SM SVP for Corporate Services Elizabeth Anne C. Uychaco; SM SVP for Finance Franklin C. Gomez; SM SVP for Investments Portfolio Frederic C. DyBuncio; SM Independent Director Vicente S. Perez, Jr.; SM EVP and CFO Jose T. Sio; PSE Directors Edgardo G. Lacson, Eddie T. Gobing, Emmanuel O. Bautista and PSE Chief Operating Officer Roel A. Refran.

SM Investments Corporation Chairman Henry Sy, Sr. awarded a Lifetime Achievement Award by CNBC at the St Regis hotel in Singapore

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
E-mail: elizabeth.lacson@sminvestments.com
www.sminvestments.com

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SM Vice Chairperson Teresita Sy-Coson receives the Lifetime Achievement award  from CNBC on behalf of her father, Henry Sy, Sr.

SM Vice Chairperson Teresita Sy-Coson receives the Lifetime Achievement award from CNBC on behalf of her father, Henry Sy, Sr.