, Philippines
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SM Group looks to 2025 with cautious optimism

It is expanding into underserved areas to boost retail, financial services, and property development.

SM Group is entering 2025 with cautious optimism, buoyed by the resilience of the Philippine economy, even as challenges such as peso volatility and inflation persist.

SM Investments Corporation President and CEO Frederic DyBuncio emphasised the adaptability of the business sector, which continues to thrive amidst economic pressures.

"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.

SM is expanding into underserved areas to provide access to retail, financial services, and property developments, supporting economic activity. It is also investing in renewable energy and logistics.

Through Philippine Geothermal Production Company, SM produces 300 megawatts of geothermal steam and is developing more projects to support the government’s renewable energy targets.

SM Prime Holdings is reducing landfill waste by converting non-recyclable packaging into alternative fuel through a partnership with Japan's GUUN Co. Ltd. Meanwhile, BDO Unibank has funded PHP898b in sustainable projects, including loans for 59 renewable energy initiatives.

To improve transport and connectivity, SM subsidiary 2GO launched two vessels in 2024, linking 19 ports nationwide to support tourism and trade.

"Our focus for 2025 will be to drive purposeful growth, empowering communities and partners through our investments towards a sustainable future," DyBuncio said.
 

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