SM Investments

SM Investments Corporation

File:SMInvestment.PNG
Company type	Public
Industry	Retail, shopping mall operations, banking, property, hotels and corporate governance
Founded	15 May 1960
Founder	Sy Family
Headquarters	SM Central Business Park, Mall of Asia Complex, Pasay City, Metro Manila, Philippines
Key people	Henry Sy Sr., founder, chairman and CEO
Subsidiaries	SM Prime Holdings (PSE: SMPH), SM Development (PSE: SMDC), Banco de Oro (PSE: BDO), China Banking Corporation (PSE: CHIB) and other Subsidiaries
Website	http://sminvestments.com/

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.

History

In 1958, Sy's first company, Shoemart (also known as SM), started out as an ordinary shoe store in Carriedo, Manila. Initially, Henry Sy tried to focus on planning and buying big supplies of shoes in the U.S., but his plans began to accelerate as he transformed his ordinary shoe store into a fully air-conditioned department store.

Sy set up a second company, SM Department Store Inc, to begin selling through department stores. He devised the Shoemart sign as SM, which became one of the most recognizable and universal brands in the Philippines. In 1978 Sy began buying supermarkets 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.

Subsidiaries

Retail and Malls

SM Prime Holdings 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 eight 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.

SM Prime operates the following:

• 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

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.

• SaveMore Market

• 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 it is a member of SM Group.

Banking

• 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.

Real estate property

• SM Development Corporation 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 Asia, SMX Convention Center (the largest private venue in Philippines), OneE-com Center and Mall of Asia Arena (one of the largest private sports venue in Philippines). 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.

Mining

Atlas Consolidated Minning and Development Corporation is engaged in gold mining operations.

Hospitality and convention

• SM Hotels

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.

• SMX

SMX is a state-of-the-art convention center located within the Mall of Asia complex hosting conventions, seminars, and conferences.

• SM Mall Of Asia Arena

The SM Arena is a concert venue and other big events.

Gaming

• Belle Corporation is Henry Sy's foray in the gaming industry in the Philippines hoping to capitalize on the future of Pagcor's entertainment city.

Corporate social responsibility

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 super-malls 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.

Other subsidiary

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 Kingdom, it will continue to have a place in the enjoyment of SM.

See also

• SM Prime Holdings
• SM City North EDSA
• Banco de Oro

External links

• [1] - Official website