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Revenues are down for the first quarter of 2020 for the SM Group, but company says it has sufficient cash flow.
The SM Group reported that it lost a total of P8.8 billion in revenues after it waived rent for its shopping mall tenants from March 16 to May 15. Despite the loss, the company said it has “sufficient cash flow to support ...
The family has an estimated net worth of $17.2 billion.
For 11 consecutive years prior to his passing, the late taipan Henry Sy, Sr. was ranked the Philippines’ richest person after building his SM Investments empire. And in Forbes’ first Philippines’ Richest list since the billionaire passed away at the age of ...
"His legacy will live on for many more generations after us"
Some of the country's biggest and most notable names in business have issued tributes and expressions of condolences at the passing of SM Group founder Henry Sy Sr. The retail tycoon passed away on Saturday morning, January 19. He was 94. Sy, who started ...
How are these top tycoons making sure their companies remain in good hands?
Some of the country’s biggest leaders of industry gathered at a recent forum titled “Power Meet Up: Captains and Trailblazers.”Among the speakers were Fernando Zobel de Ayala, president of Ayala Corporation, and Hans Sy, chairman of the executive committee of SM Prime ...
"SM started out as the dream of a 12-year-old Henry Sy, who sought a better life for himself, for his family, and for his little community," said his eldest daughter.
In 1958, humble shoemaker Henry Sy Sr. opened the country’s first Shoemart branch in Manila.The business owner never imagined how big of a retail giant his unassuming shoe store would become. Or that he would be the richest man in Southeast Asia ...
The chairman of the country’s biggest shopping mall and property company posted a net worth of $18 billion in 2017, according to Forbes magazine.
Henry Sy Sr. is once again the richest person in the Philippines, according to US business magazine Forbes.In Forbes’ annual list of the Philippines’ 50 richest people, the chairman of SM Investments ranked first with a net worth of $18.0 billion, up ...
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