SM Investments Corp. (SMIC), one of the country’s largest conglomerates, is looking ahead to 2025 with cautious optimism, encouraged by the continued growth of the Philippine economy.
SMIC president and chief executive Frederic DyBuncio said in a statement Thursday that while the business sector faces challenges like peso fluctuations and high inflation, it remained resilient.
He cited data from the Philippine Statistics Authority showing that household spending grew 5.1 percent in the third quarter of 2024, matching last year’s performance.
“Any moderation in inflation should trigger a strong confidence rebound. This could create opportunities in consumer-focused sectors in the country and we are poised to cater to these evolving demands,” DyBuncio said.
To meet growing demand, SM is expanding into more areas across the country. This helps support local economies and improves access to retail, financial services, and property developments.
“By investing and expanding to more areas nationwide, SM creates new markets and improves access to these essential sectors, serving more communities and helping stimulate sustained economic activities,” DyBuncio said.
SM is also investing in areas like renewable energy and logistics. Through the Philippine Geothermal Production Company (PGPC), SM produces 300 megawatts of geothermal energy and plans to continue expanding geothermal projects.
This supports the Department of Energy’s goal to have 50 percent of energy from renewable sources by 2040.
SM Prime Holdings, the company’s property division, teamed up with GUUN Co. Ltd. to reduce waste. The Japanese technology it uses converts non-recyclable packaging into alternative fuel.
SM’s financial arm, BDO Unibank, is also a major supporter of renewable energy. As of December 2023, BDO had funded P898 billion in sustainable finance, including loans for 59 renewable energy projects.
SM is helping improve transportation networks across the country. Through its subsidiary 2GO, SM launched two new ships, MV Masigla and MV Masikap, in 2024. These ships will connect 19 ports, supporting the government’s efforts to strengthen tourism infrastructure.
“Our focus for 2025 will be to drive purposeful growth, empowering communities and partners through our investments towards a sustainable future,” DyBuncio said.
