Philippines: SM’s $748-million profit surge reveals the bets shaping next growth wave
SM Investments Corp., one of the largest and most prominent Filipino conglomerates founded by Henry Sy Sr ., is leaning on resilient consumers, banking growth and a pipeline of large-scale property and renewable-energy projects as it navigates a more uneven Philippine economy. SM Investments Corp. (SMIC) reported an 8-percent increase in consolidated net income to ₱45.9 billion ($748 million) in…
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