SM Investments
Encyclopedia
SM Investments Corporation, SM Investments or SMIC is a holding company with interests in shopping mall development and management, retail, real estate development, banking and tourism. The SM Group was founded by Henry Sy, Sr.
It has become one of the largest conglomerates in the Philippines.
His second company, SM Department Store Inc., was an extreme success. Building SM Department Store branches inside and outside Metro Manila was hard work for Sy. He made the Shoemart sign as SM, which became one of the most recognizable and universal brands of all time. Then he tried to focus on shopping malls and supermarkets as Sy bought a lot in 1978 at the northern end of EDSA in Quezon City. As he built his first mall, SM City North EDSA
, by 1994, his companies were listed in the Philippine Stock Exchange
, SM Prime Holdings
Inc. By 2005, the SM Investments was inaugurated to the public by focusing on industry leading, retail merchandising, shopping mall operations, banking, financial services & corporate governance.
is the parent company of the SM Group's shopping malls. It is the largest shopping mall
and retail operator in the Philippines
. It was incorporated on 6 January 1994 by Filipino-Chinese entrepreneur
Henry Sy
to develop, conduct, operate and maintain SM commercial shopping centers and all businesses related thereto, such as the lease of commercial spaces in the compound of shopping centers. It went public on 5 July 1994 and subsequently grew to become the largest company listed on the Philippine Stock Exchange
in terms of revenue. The company's main sources of revenues include rental income from mall and food courts, cinema ticket sales and amusement income from bowling and ice-skating. As of this year, SM Prime become one the largest shopping mall chains in the world with 40 supermalls with eight8 proposed/under construction. Its largest mall and first of all SM malls is SM City North EDSA
. Alongside is the once-largest mall in the country, SM Mall of Asia
and the largest mall for a 15-year period, SM Megamall
.
China Bank provides a wide range of banking services through 248 branches and 388 ATMs nationwide (including China Bank Savings). The bank continues to move forward with its aggressive branch expansion plan and is on track to hitting its target of 300 branches by 2011.
, SMX Convention Center
(the largest private venue in Philippines) and the OneE-com Center. The Mall of Asia Complex occupies 60 hectares of prime land along the coast of scenic Manila Bay, offering choice locations for business, tourism, retail, and leisure projects.
, it will remain as a part of enjoyment of SM.
Henry Sy
Henry Sy is a Chinese Filipino businessman and the founder of SM Group and chairman of SM Prime Holdings, the largest retailer and shopping mall operator in the Philippines. He earned his Associate of Arts degree in Commercial Studies at Far Eastern University in 1950...
It has become one of the largest conglomerates in the Philippines.
History
1958, The first company, Shoemart (also known as SM), started out as an ordinary shoe store in Carriedo, Manila. Shoemart was the largest shoe manufacturer, headed by Henry Sy. Initially, he tried to focus on planning and buying big supplies of shoes in the U.S., but then his plans began to accelerate as he transformed his ordinary shoe store into a fully air-conditioned department store.His second company, SM Department Store Inc., was an extreme success. Building SM Department Store branches inside and outside Metro Manila was hard work for Sy. He made the Shoemart sign as SM, which became one of the most recognizable and universal brands of all time. Then he tried to focus on shopping malls and supermarkets as Sy bought a lot in 1978 at the northern end of EDSA in Quezon City. As he built his first mall, SM City North EDSA
SM City North EDSA
SM City North EDSA is the largest mall in the Philippines, and the world’s third biggest in terms of leasable area . It is operated by SM Prime Holdings, a local holding company in the Philippines, the biggest retail and mall operator in Southeast Asia...
, by 1994, his companies were listed in the Philippine Stock Exchange
Philippine Stock Exchange
The Philippine Stock Exchange is the national stock exchange of the Philippines. It is one of the oldest stock exchanges in Southeast Asia, having been in continuous operation since its inception in 1927...
, SM Prime Holdings
SM Prime Holdings
SM Prime Holdings, Inc. or SM Prime is the parent company of the SM Group's shopping malls. It is the largest shopping mall and retail operator in the Philippines...
Inc. By 2005, the SM Investments was inaugurated to the public by focusing on industry leading, retail merchandising, shopping mall operations, banking, financial services & corporate governance.
SM Prime Holdings
SM Prime HoldingsSM Prime Holdings
SM Prime Holdings, Inc. or SM Prime is the parent company of the SM Group's shopping malls. It is the largest shopping mall and retail operator in the Philippines...
is the parent company of the SM Group's shopping malls. It is the largest shopping mall
Shopping mall
A shopping mall, shopping centre, shopping arcade, shopping precinct or simply mall is one or more buildings forming a complex of shops representing merchandisers, with interconnecting walkways enabling visitors to easily walk from unit to unit, along with a parking area — a modern, indoor version...
and retail operator in the Philippines
Philippines
The Philippines , officially known as the Republic of the Philippines , is a country in Southeast Asia in the western Pacific Ocean. To its north across the Luzon Strait lies Taiwan. West across the South China Sea sits Vietnam...
. It was incorporated on 6 January 1994 by Filipino-Chinese entrepreneur
Entrepreneur
An entrepreneur is an owner or manager of a business enterprise who makes money through risk and initiative.The term was originally a loanword from French and was first defined by the Irish-French economist Richard Cantillon. Entrepreneur in English is a term applied to a person who is willing to...
Henry Sy
Henry Sy
Henry Sy is a Chinese Filipino businessman and the founder of SM Group and chairman of SM Prime Holdings, the largest retailer and shopping mall operator in the Philippines. He earned his Associate of Arts degree in Commercial Studies at Far Eastern University in 1950...
to develop, conduct, operate and maintain SM commercial shopping centers and all businesses related thereto, such as the lease of commercial spaces in the compound of shopping centers. It went public on 5 July 1994 and subsequently grew to become the largest company listed on the Philippine Stock Exchange
Philippine Stock Exchange
The Philippine Stock Exchange is the national stock exchange of the Philippines. It is one of the oldest stock exchanges in Southeast Asia, having been in continuous operation since its inception in 1927...
in terms of revenue. The company's main sources of revenues include rental income from mall and food courts, cinema ticket sales and amusement income from bowling and ice-skating. As of this year, SM Prime become one the largest shopping mall chains in the world with 40 supermalls with eight8 proposed/under construction. Its largest mall and first of all SM malls is SM City North EDSA
SM City North EDSA
SM City North EDSA is the largest mall in the Philippines, and the world’s third biggest in terms of leasable area . It is operated by SM Prime Holdings, a local holding company in the Philippines, the biggest retail and mall operator in Southeast Asia...
. Alongside is the once-largest mall in the country, SM Mall of Asia
SM Mall of Asia
SM Mall of Asia is a shopping mall owned and developed by SM Prime Holdings, the largest mall developer and owner in the Philippines. SM Mall of Asia is the 2nd largest mall in the Philippines after SM City North EDSA, 3rd largest shopping mall in Asia and the 4th largest shopping mall in the world...
and the largest mall for a 15-year period, SM Megamall
SM Megamall
SM Megamall is a huge shopping mall located in the Ortigas business district of Metro Manila, Philippines. It is the 3rd SM Supermall developed and operated by SM Prime Holdings, the largest mall operator in the Philippines owned by Henry Sy Sr. The mall has two buildings interconnected with a bridge...
.
SM Department Store
SM Department Store is the foundation of SM and the country's leading lifestyle and fashion chain. SM Department Store has served Philippine shoppers for 50 years, becoming the only country who has more than 100 department stores. SM holds more than 50 SM Department Stores nationwide.SM Supermarket / SaveMore Market
SM Supermarket is the country's top supermarket chain. With an extensive, nationwide presence and employing state of the art retailing technology, it offers food and non-food products.SM Hypermarket
SM Hypermarket is a rapidly growing retail chain, selling wet market, grocery, general merchandise, and discount products.Pilipinas Makro, Inc. (Makro)
Pilipinas Makro, Inc. (Makro) is the one-stop leading retail chain. Now is the member of SM Group.Banco De Oro
Banco De Oro is the largest bank in the Philippines in terms of assets. It is a full-service universal bank providing a wide range of corporate, commercial, retail, private banking and investment banking services through its 700 branches in key business and commercial areas nationwide. It has the largest loan portfolio as well as the largest trust of Philippine banks.China Banking Corporation
China Banking Corporation is the Philippines' fourth largest universal bank by market capitalization. Established in 1920, it is the first privately owned commercial bank in the Philippines. It is likewise the first bank in Southeast Asia to process deposit accounts online in 1969 and the first Philippine bank to offer phone banking in 1988. China Bank is one of the strongest and most profitable banks in the Philippines today. The Bank posted a January to September 2009 net income of P3.21 billion, 40.7% higher than the P2.28 billion income recorded for the same period in 2008. This income performance translates to a 15.53% return on equity and a 2.02% return on assets, among the highest in the industry.China Bank provides a wide range of banking services through 248 branches and 388 ATMs nationwide (including China Bank Savings). The bank continues to move forward with its aggressive branch expansion plan and is on track to hitting its target of 300 branches by 2011.
SM Development Corporation
SM Development is a fast-growing residential property developer focusing on the premium middle market. SMDC now operates SM Residences and MPlace.Highlands Prime, Inc.
Highlands Prime is the leading high-end residential developer in Tagaytay Highlands, an exclusive, world-class mountainside resort and residential complex.Mall of Asia Complex
The Mall of Asia Complex is an alternative business and tourism district and the home of the SM Mall of AsiaSM Mall of Asia
SM Mall of Asia is a shopping mall owned and developed by SM Prime Holdings, the largest mall developer and owner in the Philippines. SM Mall of Asia is the 2nd largest mall in the Philippines after SM City North EDSA, 3rd largest shopping mall in Asia and the 4th largest shopping mall in the world...
, SMX Convention Center
Smx convention center
The SMX Convention Center is the largest private venue in the Philippines for trade events, industry conventions, corporate functions, and international exhibitions. Its building is located in Pasay City, right beside the Mall of Asia , and is considered an important part of the Mall of Asia Complex...
(the largest private venue in Philippines) and the OneE-com Center. The Mall of Asia Complex occupies 60 hectares of prime land along the coast of scenic Manila Bay, offering choice locations for business, tourism, retail, and leisure projects.
Hamilo Coast
Hamilo Coast is a unique large-scale ecotourism project to develop in phases 5,700 hectares of land by the sea in Nasugbu, Batangas into an innovative, integrated network of coastal resort communities.SM Hotels and Conventions
SM Hotels and Conventions now operates Taal Vista Hotel in Tagaytay City, Radisson Hotel Cebu, Pico Sands at Pico de Loro in Nasugbu, Batangas, SMX Convention Center in Pasay City and Megatrade Hall in Mandaluyong City and Cebu.SM Foundation
SM Foundation is the corporate responsibility arm of the SM Group of Companies through which the SM Group helps the communities it serves. These communities are areas in the vicinity of the SM department stores and supermalls that are in need of assistance. The foundation has four areas of advocacy: education, through scholarship programs and the building of schoolhouses; a mall-based outreach program; health care, through medical missions, mobile clinics and hospital activity centers; housing and community.SM Cares
SM Cares is a program born to consolidate and coordinate all of SM Prime's corporate social responsibility (CSR) initiatives. Carried out in all the 40 SM malls nationwide, SM Cares' award-winning CSR projects cover the environmental conservation (energy, air and water), and care and assistance to customers of SM malls with special needs such as the disabled, special children, the elderly and nursing mothers. SM Cares is SM Prime's commitment to be one of the country's leading CSR advocates.Hamilo
Hamilo Coast is an eco-tourism project of SM Investments Corporation that enlivens a vision of tourism-real estate, a truly world-class development that all Filipinos can be proud of and enjoy for generations to come.International Toyworld Inc.
International Toyworld Inc. is a subsidiary of SM which deals more on American-branded and local-branded toys. Toyworld has always been a key member of the group; with its affiliate, Toy KingdomToy Kingdom
Toy Kingdom is a large toy store chain owned and developed by the SM Group by Chinese-Filipino businessman, Henry Sy, Sr. along with its corporation name, the "International Toyworld Inc". It features a variety of toys, gizmos & gadgets. The first branch opened at SM Megamall in 1991. Now there are...
, it will remain as a part of enjoyment of SM.