SMIC eyes growth in logistics and RE

Sy-led SM Investments Corp. (SMIC), one of the Philippines’ largest conglomerates, sees new growth in its logistics and renewable energy (RE) units even as its core real estate, retail, and banking businesses continue to thrive with the country’s economy.

- By JAMES A. LOYOLA

“But, really, all of our businesses have actually been growing and expanding. I can’t say that there’s one that’s going to grow faster than the other,” said SMIC President and Chief Executive Officer (CEO) Frederic C. DyBuncio in an interview with CNA in Singapore.

He noted that, “Although our three core businesses of retail, property, and banking, on their own, they’re already very significant in their own way. So, the growth might continue to be there, but the growing sector for us is probably going to be the logistics and the RE side of things.”