SM’s deeply-rooted market presence in the Philippines stems from retail. Located in downtown, Manila, Mr. Henry Sy, Sr. opened the first Shoemart Store in 1958 where he offered a variety of shoes from both the country and abroad. He pioneered business systems remembered to this day by his loyal shoppers and employees. His innovative approach to customer service helped build a highly recognized brand which, in turn, enabled Shoemart to grow and evolve into a full-service department store; hence, changing its brand name into the simpler and more appropriate SM.
Always aiming to make life better for his customers, Mr. Sy expanded his merchandise to fulfill his commitment to offer a one-stop shopping experience. SM’s tagline, “We’ve Got It All For You” has become a guiding principle for the level of service that SM lives up to until today and has helped transform it into a household name. For over six decades, SM has developed generations of loyal customers, many of whom still fondly call the store Shoemart.
In food retail, SM Markets, comprised of SM Supermarket, SM Hypermarket and Savemore including WalterMart Supermarket and Alfamart. SM Markets remains among the top food retailers with its continued expansion, innovation and up-to-date assortment.
Specialty Stores
Specialty Stores Provide SM Retail with a diverse array of leading brands to capture growth in various categories of discretionary spending.
Publicly listed SM Prime Holdings, Inc. (SM Prime) is one of the largest integrated property developers in Southeast Asia that offers innovative and sustainable lifestyle cities with the development of malls, residences, offices, hotels and convention centers.
SM Prime is committed to the country in providing world-class and sustainable property development. The company is the largest mall developer, both in terms of gross floor area (GFA) and geographical reach. It operates 76 malls in the country and 7 in China. While a large number of its malls are concentrated in Metro Manila, this area continues to present significant growth opportunities through the expansion of its existing malls, even as SM Prime penetrates new markets in provincial areas.
Apart from mall development and management, SM Prime has residential offerings nationwide through SM Development Corporation (SMDC) and leisure homes through a number of projects that complement Philippine tourism. SMDC provides access to luxurious urban living through vertical villages that are integrated with a commercial retail environment for a truly cosmopolitan lifestyle.
In terms of commercial developments, SM Prime has office buildings that primarily cater to the growing Business Process Outsourcing (BPO) industry. It continues to expand the E-com hub within the Mall of Asia complex and develop stand-alone as well as mall-based BPO buildings around the country. The company has hotels with over 1,900 rooms as well as convention facilities that aim to take advantage of the growing tourism and entertainment sectors.
Malls
Residences
47 in NCR
Hotels and Convention Centers
and Trade halls
At BDO, we are inspired to provide each and every customer with the best banking experience. We are focused on delivering excellence and providing access and convenience across all our products and services.
Complementing SM’s strong retail orientation, BDO has developed a deeper understanding of the Philippine business and consumer landscape, allowing it to offer flexible financial solutions with the “We Find Ways” philosophy. BDO’s banking innovations such as longer banking hours and weekend operating schedules in mall-based branches, demonstrate the Bank’s service culture and customer-centric orientation.
Growing both organically and through acquisitions, BDO’s expansion peaked in 2007, when SM acquired a stake in Equitable PCI Bank, then the third largest bank in the country and merged it with BDO which was then the fifth largest. The merger catapulted BDO into its leadership position the following year, which it continues to hold until today. Its recent acquisition of One Network Bank, the largest rural bank in Mindanao expands its regional presence and opens up business lines for the bank.
China Bank offers a full range of banking products and services to institutional (corporate, middle market/commercial, SMEs) and individual (retail, mass affluent, high net worth) customers, as well as thrift banking, investment banking, insurance brokerage, and bancassurance through our subsidiaries China Bank Savings, China Bank Capital, China Bank Securities, Chinabank Insurance Brokers, and Manulife China Bank Life Assurance.
China Bank provides a wide range of banking services through its 648 branches and over 1,000 ATMs nationwide (including thrift bank subsidiary, China Bank Savings). The Bank serves the corporate, commercial, middle and retail markets with a wide range of domestic and international banking services.
SM Investments Corporation (SMIC) continues to explore and invest in high growth businesses that can potentially enhance group synergies and offer stable cashflows with attractive financial returns. SMIC invests in growth sectors and market leaders which includes logistics, gaming and leisure, food manufacturing, natural resources, dormitories and office properties.
In all its portfolio investments, SMIC finds the best partners who know and can run the businesses effectively, manage the inherent risks and deliver superior returns. SMIC’s investments are in integrated resorts through Belle Corporation, in copper mining through Atlas Consolidated Mining and Development Corporation, in community mall chain CityMall, office towers under the NEO Subsidiaries and NEO Associates, in leading end-to-end logistics firm 2GO Group, in the country’s leading bakeshop Goldilocks, in Philippines Urban Living Solutions, Inc, the largest co-living provider in the country which manages and operates MyTown and in GrabPay with its focus on electronic wallet and payment development in the Philippines.
Belle Corporation
Atlas Mining
Philippines Urban Living Solutions
Goldilocks Bakeshop
Goldilocks is a leading Filipino bakeshop heritage brand trusted by Filipino consumers for over 50 years. It has an extensive retail footprint of over 900 stores in the Philippines, overseas operations in the United States, Canada and Thailand.
2GO Group, Inc.
2GO enables the movement of goods and people throughout the Philippines as an end-to-end transportation, logistics, and distribution services provider. It serves small and medium enterprises, large corporations, and government agencies. 2GO operates four key business units: Sea Solutions, Special Containers and Projects, Express and Forwarding, and Contract Logistics.
Sea Solutions owns and operates a modern fleet of large interisland roll-on/roll-off freight and passenger vessels with defined schedules and speed of services in Luzon, Visayas and Mindanao. Special Containers owns and operates a modern fleet of reefer containers, reefer trucks, and ISOtanks which enable the movement of chilled and frozen goods and bulk liquids nationwide. Projects enables large infrastructure builds in industries such as power, telecom, and mining. Express and Forwarding provides time definite bulk and last-mile deliveries for B2B, B2C and C2C via air, land, and sea. Contract Logistics provides warehousing, crossdock, and trucking services all the way to store shelves.
2GO is a subsidiary of SMIC since June 2021 where it holds 67.21% ownership.
