Go Unlimited with Magzter GOLD
Get unlimited access to 10,000+ magazines, newspapers and Premium stories for just
Try GOLD - Free
SMIC nine-month profit rises to P64.4 billion, led by banks
Business World Philippines
|November 13, 2025
SY-LED SM Investments Corp. (SMIC) posted a 6% increase in nine-month consolidated net income, driven largely by its banking business.
For the January-to-September period, SMIC’s net income rose to P64.4 billion from P60.9 billion a year earlier, with banking contributing 50% of total earnings, followed by property at 28%, retail at 15%, and portfolio investments at 7%, the company said in a press release on Wednesday.
“The third quarter performance remained within our expectations. Despite the challenges brought about by adverse weather and flooding, we continued to see resilient financial performance across our businesses,” SM Investments Corp. President and Chief Executive Officer Frederic C. DyBuncio said.
“While external factors may temper overall economic growth, we maintain an optimistic outlook as we move into the fourth quarter.”
This story is from the November 13, 2025 edition of Business World Philippines.
Subscribe to Magzter GOLD to access thousands of curated premium stories, and 10,000+ magazines and newspapers.
Already a subscriber? Sign In
MORE STORIES FROM Business World Philippines
Business World Philippines
Peso sinks again on below-target economic growth
THE PESO fell again versus the dollar on Thursday as Philippine gross domestic product (GDP) growth missed the government's target for a third consecutive year due to the ongoing fallout from a corruption scandal involving government infrastructure projects.
1 min
January 30, 2026
Business World Philippines
BSP may cut despite Fed hold as growth disappoints
THE BANGKO SENTRAL ng Pilipinas (BSP) may deliver a sixth straight cut in February, despite the US Federal Reserve’s decision to stand pat, amid weaker-than-expected Philippine economic growth in the fourth quarter, analysts said.
2 mins
January 30, 2026
Business World Philippines
Energizing workers without spending
We're a small business. We can't afford to pay high salaries. How do we motivate workers without spending much? - Silver Anchor.
3 mins
January 30, 2026
Business World Philippines
CIC credit reports rise to 27M in 2025 on strong demand from online lenders
CREDIT INFORMATION CORP. (CIC) generated 27 million reports last year, nearly tripling from 2024, driven by demand from online lenders and e-commerce channels as consumers availed of credit products like buy now, pay later and cash loans.
2 mins
January 30, 2026
Business World Philippines
Empowering the Filipino workforce in a digitalizing workplace
“Companies shouldn’t stop at purchasing new tech. Continue to upskill, make learning part of the culture, and that will eventually enhance engagement, retention, and attraction. Maintenance is key.”
5 mins
January 30, 2026
Business World Philippines
Ayala and Spinneys to launch 12 Metro Manila stores starting in Q4
LISTED Ayala Corp. and United Arab Emirates (UAE)-based supermarket chain Spinneys plan to open 12 stores across Metro Manila starting in the fourth quarter (Q4).
1 mins
January 30, 2026
Business World Philippines
About AI and power
THE LAW OF ALL PROGRESS - Digital solutions and artificial intelligence (AI) lie at the core of many responses coming both from Government and civil society groups to address the recent corruption scandals and the public clamor for genuine transparency in the budget process.
4 mins
January 30, 2026
Business World Philippines
FNI unit ships first nickel ore cargo for 2026
IPILAN NICKEL CORP., the Palawan-based subsidiary of listed miner Global Ferronickel Holdings, Inc. (FNI), has begun its operations for calendar year 2026 after completing its first nickel ore shipment for the year.
1 min
January 30, 2026
Business World Philippines
GDP growth slumps to 4.4% in 2025
Slowest expansion in 5 years amid corruption scandal
5 mins
January 30, 2026
Business World Philippines
Balisacan still confident PHL can achieve upper middle-class status this year
THE PHILIPPINES remains on track to graduate to upper middle-income country (UMIC) status this year, despite a sharp growth slowdown in 2025, the Department of Economy, Planning, and Development (DEPDev) said.
3 mins
January 30, 2026
Listen
Translate
Change font size