SM maintains confidence in the country's growth trajectory - Thailand PR News - [Banking](https://thailandbusinessnews.net/category/banking/) - [Companies](https://thailandbusinessnews.net/category/companies/) - [Economy](https://thailandbusinessnews.net/category/economy/) - [Press Releases](https://thailandbusinessnews.net/category/press-release/) - [PR Newswire](https://thailandbusinessnews.net/pr-newswire-updates/) - [Tech](https://thailandbusinessnews.net/category/tech/) - [Tourism](https://thailandbusinessnews.net/category/tourism/) - [Press Release](https://thailandbusinessnews.net/category/press-release/) # SM maintains confidence in the country's growth trajectory ##### Up next ![Manulife Launches Industry-Leading 'Cancer Drug Support Service' in Collaboration with Prosper Health and Shenzhen New Frontier United Family Hospital](https://i0.wp.com/r2.thailandbusinessnews.net/2025/03/Carrie_Tong_Chief_Operations_Officer_Manulife_Hong_Kong_and_Macau.jpg?resize=200%2C110&ssl=1 "Manulife Launches Industry-Leading 'Cancer Drug Support Service' in Collaboration with Prosper Health and Shenzhen New Frontier United Family Hospital") [](https://thailandbusinessnews.net/press-release/manulife-launches-industry-leading-cancer-drug-support-service-in-collaboration-with-prosper-health-and-shenzhen-new-frontier-united-family-hospital/) ###### [Manulife Launches Industry-Leading 'Cancer Drug Support Service' in Collaboration with Prosper Health and Shenzhen New Frontier United Family Hospital](https://thailandbusinessnews.net/press-release/manulife-launches-industry-leading-cancer-drug-support-service-in-collaboration-with-prosper-health-and-shenzhen-new-frontier-united-family-hospital/) Published on 20 March 2025 ##### Author ##### [ CISION PRNewswire ](https://thailandbusinessnews.net/author/cision/) ##### Tags - [PRNewswire](https://thailandbusinessnews.net/tag/prnewswire/) ![](https://mma.prnasia.com/media2/1880730/Logo.jpg?p=medium600 "logo") PASAY CITY, Philippines, March 20, 2025 /PRNewswire/ — SM Investments Corporation (SM Investments), the parent company of the SM group, is optimistic about the Philippines’ growth momentum, reaffirming its commitment to the economy’s future, according to Erwin G. Pato, Executive Vice President for Treasury, Finance, and Planning. In recent interviews on CNBC and Bloomberg, Mr. Pato highlighted SM Investments’ confidence in the country’s growth trajectory. He emphasized that the group’s synergized investments in retail, property, and financial services will continue to contribute to the consumption-driven growth of the Philippines. The group also recently announced a PHP60-billion share buyback program, which is touted as the largest in Philippine corporate history. This initiative reflects SM’s positive outlook on the country’s economic future. SM’s decision to repurchase shares worth USD1 billion signals the company’s belief in its value appreciation and the continued growth of the Philippine economy. "We’re having this buyback because we believe in our company and its growth potential," said Mr. Pato. "We believe that growth in the Philippines will continue to be consumption-driven," he added. "Seventy percent of our gross domestic product (GDP) is consumption-driven, and our business is right within that footprint. Our offerings in retail, integrated property development, and financial services will continue to be key players in this consumption-driven growth." SM Investments’ consolidated net income showed a 7% increase in 2024, rising to PHP82.6 billion from PHP77.0 billion in 2023. Meanwhile, SM Retail Inc., the group’s retail arm, posted a net income of PHP20.9 billion, up from PHP19.9 billion in the previous year. "We’re a proxy of the Philippine economy because of our scale and the communities we serve," Mr. Pato explained. "With lowering interest rates, we believe this will help our macroeconomics and could lead our economic managers to achieve our inflation rate within the 2% to 4% range. If that happens, it suggests a strong tailwind for the consumer story." As one of the country’s leading property developers, SM Prime Holdings, Inc., the group’s property arm, is earmarking PHP100 billion this year for the development of its malls, residences, offices, hotels and convention centers. This investment is driven by expectations of sustained growth in consumer demand and corporate activity. About SM Investments Corporation SM Investments Corporation is one of the leading Philippine companies that is invested in market-leading businesses in retail, banking, and property. It also invests in ventures that capture high growth opportunities in the emerging Philippine economy. SM’s retail operations are the country’s largest and most diversified, consisting of grocery stores, department stores and specialty retail stores. SM’s property arm, SM Prime Holdings, Inc., is the largest integrated property developer in the Philippines with interests in malls, residences, offices, hotels, and convention centers as well as tourism-related property developments. SM’s interests in banking are in BDO Unibank, Inc., the country’s largest bank, and China Banking Corporation, the fourth largest private domestic bank. For more information, please visit [www.sminvestments.com](https://www.sminvestments.com/) [Source link ](https://www.prnasia.com/story/archive/4645731_AE45731_0?rand=89749) ``` This content was prepared by our news partner, Cision PR Newswire. The opinions and the content published on this page are the author’s own and do not necessarily reflect the views of Siam News Network ``` ##### You May Also Like [](https://thailandbusinessnews.net/press-release/directasia-insurance-is-certified-as-a-great-place-to-work-achieving-82-employee-satisfaction/) ![DirectAsia Insurance is certified as a Great Place to Work® achieving 82% employee satisfaction](https://i0.wp.com/r2.thailandbusinessnews.net/2024/12/2024_12_09_DAT_team_photo.jpg?resize=260%2C140&ssl=1 "DirectAsia Insurance is certified as a Great Place to Work® achieving 82% employee satisfaction") - [Press Release](https://thailandbusinessnews.net/category/press-release/) ## DirectAsia Insurance is certified as a Great Place to Work® achieving 82% employee satisfaction BANGKOK, Dec. 11, 2024 /PRNewswire/ — DirectAsia Insurance has earned the prestigious… - [CISION PRNewswire](https://thailandbusinessnews.net/author/cision/ "View all posts by CISION PRNewswire") - December 11, 2024 [](https://thailandbusinessnews.net/press-release/smartee-gs-tech-revitalizes-sydney-orthodontics-prof-gang-shen-returns-to-academic-origins-with-breakthrough-clear-aligners-therapy/) ![Smartee GS Tech Revitalizes Sydney Orthodontics: Prof. Gang Shen Returns to Academic Origins with Breakthrough Clear Aligners Therapy](https://i0.wp.com/r2.thailandbusinessnews.net/2025/04/Prof_Gang_Shen_Delivering_GS_Lectures.jpg?resize=260%2C140&ssl=1 "Smartee GS Tech Revitalizes Sydney Orthodontics: Prof. Gang Shen Returns to Academic Origins with Breakthrough Clear Aligners Therapy") - [Press Release](https://thailandbusinessnews.net/category/press-release/) ## Smartee GS Tech Revitalizes Sydney Orthodontics: Prof. Gang Shen Returns to Academic Origins with Breakthrough Clear Aligners Therapy SYDNEY, April 22, 2025 /PRNewswire/ — Over 30 leading orthodontists gathered at the University of… - [CISION PRNewswire](https://thailandbusinessnews.net/author/cision/ "View all posts by CISION PRNewswire") - April 23, 2025 [](https://thailandbusinessnews.net/press-release/cellebrite-cto-chris-wade-to-lead-cellebrite-labs-sharpening-focus-on-mobile-research/) ![Cellebrite CTO Chris Wade to Lead Cellebrite Labs, Sharpening Focus on Mobile Research](https://i0.wp.com/mmx.prnasia.com/media/MS1775952/Cellebrite-Logo.jpg?resize=260%2C140&ssl=1 "Cellebrite CTO Chris Wade to Lead Cellebrite Labs, Sharpening Focus on Mobile Research") - [Press Release](https://thailandbusinessnews.net/category/press-release/) ## Cellebrite CTO Chris Wade to Lead Cellebrite Labs, Sharpening Focus on Mobile Research Strategic move strengthens Cellebrite’s flagship access, extraction and decoding technology as Cellebrite… - [CISION PRNewswire](https://thailandbusinessnews.net/author/cision/ "View all posts by CISION PRNewswire") - September 14, 2026 ##### Most Read - [![Priority Pass to accelerate travel innovation, backed by the Collinson Group's £500 million growth programme](https://secure.gravatar.com/avatar/96e712b5408b51145de772098c3ff3417ce8a11555b7c388d84204c5769f5631?s=40&d=blank&r=g)](https://thailandbusinessnews.net/press-release/priority-pass-to-accelerate-travel-innovation-backed-by-the-collinson-groups-500-million-growth-programme-2/ "Priority Pass to accelerate travel innovation, backed by the Collinson Group's £500 million growth programme") [Priority Pass to accelerate travel innovation, backed by the Collinson Group's £500 million growth programme](https://thailandbusinessnews.net/press-release/priority-pass-to-accelerate-travel-innovation-backed-by-the-collinson-groups-500-million-growth-programme-2/ "Priority Pass to accelerate travel innovation, backed by the Collinson Group's £500 million growth programme") - [![IMG Completes Acquisition of World Nomads, Expanding Global Travel Insurance Distribution](https://secure.gravatar.com/avatar/96e712b5408b51145de772098c3ff3417ce8a11555b7c388d84204c5769f5631?s=40&d=blank&r=g)](https://thailandbusinessnews.net/press-release/img-completes-acquisition-of-world-nomads-expanding-global-travel-insurance-distribution/ "IMG Completes Acquisition of World Nomads, Expanding Global Travel Insurance Distribution") [IMG Completes Acquisition of World Nomads, Expanding Global Travel Insurance Distribution](https://thailandbusinessnews.net/press-release/img-completes-acquisition-of-world-nomads-expanding-global-travel-insurance-distribution/ "IMG Completes Acquisition of World Nomads, Expanding Global Travel Insurance Distribution") - [![Modern Meadow and Bellroy Partner on Carry Products Made of Next-Generation Material](https://i0.wp.com/r2.thailandbusinessnews.net/2025/04/MODERN_MEADOW_LOGO_BLACK_PNG_Logo.jpg?fit=597%2C138&ssl=1&resize=40%2C40)](https://thailandbusinessnews.net/press-release/modern-meadow-and-bellroy-partner-on-carry-products-made-of-next-generation-material/ "Modern Meadow and Bellroy Partner on Carry Products Made of Next-Generation Material") [Modern Meadow and Bellroy Partner on Carry Products Made of Next-Generation Material](https://thailandbusinessnews.net/press-release/modern-meadow-and-bellroy-partner-on-carry-products-made-of-next-generation-material/ "Modern Meadow and Bellroy Partner on Carry Products Made of Next-Generation Material") - [![DORCO Wins 2026 Red Dot Award for Renewed Corporate Identity](https://secure.gravatar.com/avatar/96e712b5408b51145de772098c3ff3417ce8a11555b7c388d84204c5769f5631?s=40&d=blank&r=g)](https://thailandbusinessnews.net/press-release/dorco-wins-2026-red-dot-award-for-renewed-corporate-identity/ "DORCO Wins 2026 Red Dot Award for Renewed Corporate Identity") [DORCO Wins 2026 Red Dot Award for Renewed Corporate Identity](https://thailandbusinessnews.net/press-release/dorco-wins-2026-red-dot-award-for-renewed-corporate-identity/ "DORCO Wins 2026 Red Dot Award for Renewed Corporate Identity") - [![Tamarind Health launches Rare Cancer Centre to make specialist expertise easier to access](https://secure.gravatar.com/avatar/96e712b5408b51145de772098c3ff3417ce8a11555b7c388d84204c5769f5631?s=40&d=blank&r=g)](https://thailandbusinessnews.net/press-release/tamarind-health-launches-rare-cancer-centre-to-make-specialist-expertise-easier-to-access/ "Tamarind Health launches Rare Cancer Centre to make specialist expertise easier to access") [Tamarind Health launches Rare Cancer Centre to make specialist expertise easier to access](https://thailandbusinessnews.net/press-release/tamarind-health-launches-rare-cancer-centre-to-make-specialist-expertise-easier-to-access/ "Tamarind Health launches Rare Cancer Centre to make specialist expertise easier to access") - [![MemoMind One Rolls Out New Features and Prepares for a New Stage of Developer Access](https://secure.gravatar.com/avatar/96e712b5408b51145de772098c3ff3417ce8a11555b7c388d84204c5769f5631?s=40&d=blank&r=g)](https://thailandbusinessnews.net/press-release/memomind-one-rolls-out-new-features-and-prepares-for-a-new-stage-of-developer-access/ "MemoMind One Rolls Out New Features and Prepares for a New Stage of Developer Access") [MemoMind One Rolls Out New Features and Prepares for a New Stage of Developer Access](https://thailandbusinessnews.net/press-release/memomind-one-rolls-out-new-features-and-prepares-for-a-new-stage-of-developer-access/ "MemoMind One Rolls Out New Features and Prepares for a New Stage of Developer Access") ##### Subscribe via Email Enter your email address to subscribe and receive notifications of new posts by email. Email Address Subscribe [](https://thailandbusinessnews.net/press-release/the-anime-kagurabachi-casts-yuichi-nakamura-as-soshiro-azami-cast-comments-character-visual-trailer-revealed/) ![The Anime "KAGURABACHI" Casts Yuichi Nakamura as Soshiro Azami; Cast Comments, Character Visual & Trailer Revealed!](https://i0.wp.com/mmx.prnasia.com/media/MS2001335/20261001214223EDT_image_1.jpg?resize=260%2C140&ssl=1 "The Anime "KAGURABACHI" Casts Yuichi Nakamura as Soshiro Azami; Cast Comments, Character Visual & Trailer Revealed!") ## The Anime "KAGURABACHI" Casts Yuichi Nakamura as Soshiro Azami; Cast Comments, Character Visual & Trailer Revealed! TOKYO, Oct. 2, 2026 /PRNewswire/ — The anime Kagurabachi, based on a… [](https://thailandbusinessnews.net/press-release/agoda-reveals-growing-asian-appetite-for-germanys-oktoberfest/) ![Agoda Reveals Growing Asian Appetite for Germany's Oktoberfest](https://i0.wp.com/mmx.prnasia.com/media/MS1113082/Agoda-Logo.jpg?resize=260%2C140&ssl=1 "Agoda Reveals Growing Asian Appetite for Germany's Oktoberfest") ## Agoda Reveals Growing Asian Appetite for Germany's Oktoberfest SINGAPORE, Oct. 2, 2026 /PRNewswire/ — As the 191st Oktoberfest draws to… [](https://thailandbusinessnews.net/press-release/manulife-closes-long-term-care-reinsurance-transaction-with-munich-re/) ## Manulife Closes Long-Term Care Reinsurance Transaction with Munich Re TORONTO, Oct. 2, 2026 /PRNewswire/ — Manulife Financial Corporation… [](https://thailandbusinessnews.net/press-release/abogen-announces-licensing-and-option-agreement-with-novartis-to-advance-mrna-encoded-t-cell-engager-and-other-potential-rna-programs/) ## Abogen Announces Licensing and Option Agreement with Novartis to Advance mRNA-Encoded T-Cell Engager and other potential RNA programs Includes worldwide license to ABO2203, Abogen’s mRNA-encoded CD19xCD3 T-Cell…