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CSR program of SM INvestments in the Philippines

(MGT2A good governance)
by roselle macalalad on 5 March 2013

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Transcript of CSR program of SM INvestments in the Philippines

(“SM” or “SMIC”) SM Investments Corporation SMIC SM is the Philippines' leader in the retail industry. Its chain of Department Stores spans from Luzon, to Visayas and Mindanao. For the last 50 years, it has been committed
in providing quality products and services at reasonable prices
and to meet the ever-changing needs of its customers
in a responsible and responsive manner. It is the publicly listed holding company
of the SM Group consisting of core businesses
that are dominant in retail merchandising,
mall operations and banking;
and a fast growing presence
in property development. 1958, The first company, Shoemart (also known as SM), started out as an ordinary shoe store in Carriedo, Manila. Shoemart was the largest shoe manufacturer, headed by Henry Sy. Initially, he tried to focus on planning and buying big supplies of shoes in the U.S., but then his plans began to accelerate as he transformed his ordinary shoe store into a fully air-conditioned department store. History of SM Investments His second company, SM Department Store Inc., was an extreme success. Building SM Department Store branches inside and outside Metro Manila was hard work for Sy. He made the Shoemart sign as SM, which became one of the most recognizable and universal brands of all time. Then he tried to focus on shopping malls and supermarkets as Sy bought a lot in 1978 at the northern end of EDSA in Quezon City. As he built his first mall,SM City North EDSA, by 1994, his companies were listed in thePhilippine Stock Exchange,SM Prime HoldingsInc. By 2005, the SM Investments was inaugurated to the public by focusing on industry leading, retail merchandising, shopping mall operations, banking, financial services & corporate governance. SM is the Philippines' most dominant player in retail with 193 stores nationwide. Of these, 46 are SM Department Stores; 37 are SM Supermarkets, 76 are SaveMore branches; and 34 are SM Hypermarkets. Retail SM is the Philippines’ largest shopping mall developer and operator with 46 malls nationwide. The malls are owned and operated by SM Prime Holdings, Inc., a publicly listed company . SM Prime also owns 4 malls in China’s second and third-tier cities, namely Xiamen, Jinjiang, Chengdu, and Suzhou. By the end of this year, SM Prime will have 48 malls in the Philippines and five in China with an estimated combined GFA of 6.7 million sqm. Mall Operations SM's property group is a fast emerging business with interests in residential, commercial, leisure and hotel development.SMDC is rapidly growing with 15 residential projects under its SM Residences and two projects under its M Place brand. Costa del Hamilo is embarking on an integrated eco-tourism project in Nasugbu, Batangas. SM is also developing the 60-hectare Mall of Asia Complex. Property SM's bank network is the largest in the Philippines with its 41% interest in BDO Unibank and 20% interest in China Banking Corp. In 2Q 2012, BDO became the country's largest bank in terms of assets with 744 branches nationwide. Chinabank is the 8th largest with 307 branches nationwide. Banking and Finance SM Hotels and Conventions Corporation forged ahead with its growth and expansion in 2010 by inaugurating the 400-room Radisson Blu Hotel Cebu in Cebu City. Hotels and Convention CSR Programs Community Outreach
Education
Health and Medical
Livelihood Programs Community outreach Education Health and Medical Livelihood Programs Eco-tourism Programs Hamilo coast
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