2024 SMIC Integrated Report

Empowering Businesses Through End-to-End Logistics

smicadm — Mon, 14 Apr 2025 01:50:52 +0000

2GO

Empowering Businesses Through End-to-End Logistics

As the Philippines’ largest end-to-end logistics provider, 2GO serves customers across 19 ports of call, connecting key business hubs like Manila, Cebu, and Cagayan de Oro, as well as tourism hotspots like Boracay and Coron.

In 2024, we expanded our routes to include weekly voyages to Davao and General Santos City, providing reliable logistics services for Mindanao’s emerging businesses and tourists.

We also launched MV Masigla and MV Masikap, increasing our fleet to nine ROPAX ships and one freighter. These ships combine large freight capacity with cruise-like comfort, enhancing the travel experience for both passengers and cargo.

2GO provides end-to-end logistics solutions, including warehousing, cold chain management, project logistics, and multimodal freight via air, land, and sea—driving the growth of the booming e-commerce sector.

With our nationwide network, serving 33,000 barangays, we continue to help enable business and tourism growth, providing seamless, integrated solutions that empower businesses across the Philippines.

Powering Growth with Clean Energy

smicadm — Mon, 14 Apr 2025 01:47:53 +0000

PHILIPPINE GEOTHERMAL PRODUCTION COMPANY

Powering Growth with Clean Energy

At Philippine Geothermal Production Company (PGPC), we are committed to increasing the share of renewables in the country’s energy mix, with a focus on geothermal energy. Our goal is to be a resource for reliable, renewable geothermal energy to ensure an adequate supply of baseload power for the island of Luzon.

We continue to operate the Tiwi and Mak-Ban steam fields, which have powered client plants since 1979, while expanding into new geothermal projects across Benguet, Cagayan, Camarines Norte, and other provinces. These new developments are expected to generate 250–400MW of renewable power, in addition to the current 300MW output, reducing the risk of future power shortages in Luzon.

In 2024, we marked a milestone with the arrival of our Pioneer 1 drilling rig, which is already operational at Tiwi and will soon be deployed to other sites. These projects support the Department of Energy’s 50% renewable target by 2040 and will create over 2,000 local jobs in the next few years.

As Southeast Asia’s geothermal pioneer, PGPC is committed to driving clean energy progress while supporting community development through education, environmental stewardship, and livelihood programs.

Banking That’s Focused on You

smicadm — Mon, 14 Apr 2025 01:22:09 +0000

CHINABANK

Banking That’s Focused on You

At the heart of Chinabank’s enduring relationships is our dedication to knowing our customers well and providing them the banking support and solutions best suited to their financial needs, goals, and circumstances.

This unwavering customer focus is in our company DNA, manifested in the way we take care of our customers, and drives Chinabank’s growth and resilience.

In 2024, we achieved an all-time high consolidated net income of PHP24.8 billion. We are still the fourth largest private universal bank in the Philippines, with total assets of PHP1.6 trillion. Deposits hit PHP1.3 trillion as we made account opening and saving easy and convenient. Gross loans reached PHP933 billion as we improved the loan process and enabled easier access to financing for more people and businesses.

Focused on Your Goals

For over a century, Chinabank has a strong presence in the entrepreneur, middle market, and business segments. In 2024, alongside ongoing digital transformation, we amplified our commitment to customer centricity and broadened our clientele though a brand refresh program, Focused on You.

Building on Chinabank’s solid foundation as a trusted bank in an evolving landscape, the campaign was supported with initiatives that prove our focus: to help Filipinos achieve their dreams.

We pioneered in the Philippines the Instant Issuance Process so Filipinos can get a Chinabank Credit Card in just 30 minutes. We expanded our product offerings, launching our first-ever Visa-branded credit card, Chinabank Velvet Visa Signature, and our first feeder fund-structured UITF with a monthly income-payout feature, Chinabank Income-Paying Dollar Bond Feeder Fund. We continued to strengthen our technology foundations, putting greater emphasis on digital, data, and analytics to offer delightful and digital-first experiences to individuals and businesses of all sizes. We redesigned and launched the best iteration of our mobile app, My CBC. Receive money, save it, manage it, transfer it, pay bills, and even open accounts all with one bank, using one app.

For our solid financial performance and customer-centric, technology-enabled retail strategy, Chinabank was named by the Asian Banking & Finance in 2024 as the Domestic Retail Bank of the Year.

Focused on Sustainability

As we empower Filipinos to navigate their financial futures with confidence, we help build a sustainable future for all. We fund renewable energy projects and initiatives that promote resource efficiency and avoidance of greenhouse gas emissions, manage our own environmental footprint, and uphold high governance standards.

In 2024, Chinabank was recognized by The Asset for excellence in environmental, social, and governance (ESG) practices. The bank also made it to TIME’s list of the top 1,000 firms across the globe in terms of employee satisfaction, revenue growth, and ESG performance, and again won the Institute of Corporate Directors’ top governance award, the Five Golden Arrows.

Looking ahead, we will continue to sharpen our customer and sustainability focus, leveraging our financial strength and expertise to make a difference in the lives of more Filipinos and future generations.

Driving Growth and Creating Opportunities

smicadm — Mon, 14 Apr 2025 01:13:22 +0000

BDO

Driving Growth and Creating Opportunities

Banks play a crucial role in helping people and businesses thrive. Whether it’s providing loans to entrepreneurs, assisting families secure their future, or making everyday banking easier, financial institutions keep the economy moving. They enable businesses to expand, jobs to grow, and communities to flourish.

At BDO, growth goes hand in hand with purpose. By supporting enterprises, expanding financial access to Filipinos and financing worthwhile initiatives, the Bank helps create meaningful opportunities. From funding clean energy to bringing banking services in underserved areas, BDO is committed to growth with purpose – ensuring that progress helps uplift lives.

Empowering Growth through Sustainable Finance

As a pioneer in sustainable finance, BDO continues to fund large-scale projects that drive economic development while reducing the country’s carbon footprint. This means supporting key industries that boost local economies while contributing to a more sustainable future. BDO has financed PHP1.04 trillion in sustainable finance to date, including 63 renewable energy projects nationwide and in other parts of Asia.

In 2024, BDO successfully issued its second and third ASEAN Sustainability Bonds under the BDO Sustainable Finance Framework (SFF) to finance green and social projects, ranging from renewable energy to clean transport and sustainable agriculture and fisheries.

The overwhelming support from retail and institutional investors for these financial instruments, issued at record highs of PHP63.3 billion and PHP55.7 billion, respectively, reaffirms confidence in BDO’s leadership and credibility in sustainable finance.

BDO’s SFF is currently the most comprehensive framework in the Philippines for Green, Blue, Social, and Gender financing, with 29 eligible categories certified with a Second Party Opinion by Morningstar Sustainalytics.

Investing in a Sustainable Future through BDO Private Bank (BDOPB), in collaboration with Branch Banking Group (BBG), played a key role in the success of the ASEAN Sustainability Bonds, significantly increasing both retail and institutional client investments from PHP3 billion in 2023 to PHP20 billion in 2024.

BDO remains committed to raising awareness among its stakeholders about how BDO leads sustainable initiatives whenever possible – championing resource preservation and creating lasting benefits for future generations.

BDO Network Bank: Empowering Entrepreneurs through Microfinance

BDO Network Bank supports small businesses and government employees by offering microfinance and salary loan services tailored to their needs. Many of these enterprises are women-owned and women-led, enabling women achieve financial independence and become valued economic contributors.

Spreading Financial Inclusion for All

By continuously expanding its physical and digital reach, BDO has bridged financial gaps for underserved and unbanked communities. Through financial literacy programs, the Bank equips individuals and Micro, Small, and Medium Enterprises (MSMEs) with the knowledge and skills to manage their finances effectively, empowering them for long-term success.

SM Prime’s Next Landmark Development: A Sustainable Urban Center

smicadm — Mon, 14 Apr 2025 00:49:59 +0000

SM PRIME

SM Prime’s Next Landmark Development: A Sustainable Urban Center

SM Prime is strengthening its commitment to the Philippines’ future with a major investment in an Integrated Property Development (IPD) adjacent to the Mall of Asia Complex in Pasay City.

Designed for connectivity, convenience and climate resilience, this large-scale project will bring together residential, commercial, leisure, civic and green spaces in a fully integrated urban center.

The project is moving forward as planned. At the end of 2024, 60% of horizontal sand pouring was completed, with full completion targeted in late 2025.

The master plan is set to be finalized in the first half of 2025, paving the way for horizontal development to begin in 2027. The handover to the national government and the local government of Pasay City is scheduled before the end of 2028.

This IPD will position the Philippines as a prime investment destination, demonstrating our commitment to innovation and sustainable urbanization. Once completed, it will contribute to job generation, economic expansion, community development and nation building.

Elevating Workspaces

smicadm — Mon, 14 Apr 2025 00:46:05 +0000

SM OFFICES

Elevating Workspaces

SM Offices manages 22 office buildings with a combined gross leasable area (GLA) of nearly 1.0 million square meters.

We are also at the forefront of adopting property technologies into our developments. By using Building Management Systems (BMS) and advanced Air Conditioning and Ventilation Systems (ACVS), SM Offices optimizes energy consumption and improves tenant experiences. Additionally, SM Offices utilizes Energy Recovery Ventilator (ERV) technology, a system that promotes energy efficiency by transforming stale exhaust air into fresh outside air.

Most recently, we introduced electric vehicle (EV) chargers in three of our office buildings in the MOA Complex, namely ThreeE-com Center, FourE-com Center and FiveE-com Center.

SM Offices goes beyond the confines of the workspace and integrates amenities in its E-Com Prism Plaza sky gardens. There is an Instagrammable LED rose garden, open-air work desks, designated outdoor exercise areas, and multiple gardens where employees can rejuvenate and “press that ‘reset’ button” for a more productive day ahead.

Our commitment to sustainability and people-centric design earned Mega Tower and ThreeE-Com Center top honors at the Dot Property Southeast Asia Awards 2024. These LEED Gold-certified buildings set the standard for modern workspaces.

Hospitality for All

smicadm — Mon, 14 Apr 2025 00:38:07 +0000

SM HOTELS AND CONVENTIONS

Hospitality for All

In 2024, SM Hotels expanded its portfolio, blending world-class luxury with Filipino hospitality. We officially opened to the general public Lanson Place Mall of Asia, our first hotel and serviced residence-in-one, also catering to the growing demand in the lucrative MICE (meetings, incentives, conferences, and exhibitions).

We also continued our Park Inn by Radisson expansion, adding new properties in Cauayan, Olongapo, Dasmariñas, and Laguna, driving regional growth and enhancing local economies. Park Inn by Radisson Cauayan, the first international hotel in the area, symbolizes our role in emerging hubs.

At the luxury end, Conrad Manila earned Best Business Hotel – Philippines at the 33rd Annual TTG Travel Awards. We also celebrated Taal Vista Hotel’s 85th anniversary, further cementing our commitment to community and cultural preservation.

Through these developments, we continue to offer meaningful experiences to all our guests and at the same time, enrich the communities we operate in.

Building Homes, Expanding Horizons

smicadm — Mon, 14 Apr 2025 00:35:27 +0000

SMDC

Building Homes, Expanding Horizons

In 2024, SM Development Corporation (SMDC) continued in shaping the future of communities beyond Metro Manila. We reaffirmed our commitment to bringing accessible, high-quality living to more Filipinos across the country, as we celebrated SMDC’s 20th anniversary.

We expanded further in key growth areas such as Cool Suites at Wind Residences in Tagaytay City and Parkville Residences in Bacolod. Cool Suites is part of the growing Wind Residences estate, where city dwellers and retirees find respite while still near modern conveniences. Parkville, our first lots-only subdivision, meets the rising demand for spacious and flexible living in one of the country’s fastest-growing provincial capitals.

SMDC, while addressing housing demand, also builds communities at the gateways of progress, ensuring that more Filipinos can live, work, and thrive where growth is taking shape.

As we move forward, SMDC remains committed to building a nation of homeowners, while creating opportunities for more Filipinos to invest in their future and be part of thriving, well-connected communities that stand the test of time.

A New Era of Malling

smicadm — Sun, 13 Apr 2025 23:31:26 +0000

SM SUPERMALLS

A New Era of Malling

In 2024, we continued to redefine the Filipino shopping experience with new concepts and brand partnerships. We opened SM City Caloocan, enhancing connectivity in one of Metro Manila’s fastest-growing areas, and SM J Mall in Mandaue, Cebu, our 87th mall nationwide.

At SM J Mall, we went beyond retail by introducing the Izakaya Terrace and entertainment spaces like escape rooms, trampoline parks, and virtual golf. We also expanded our offerings with new international brands like Paris Baguette, Haidilao Hotpot, and Flying Tiger Copenhagen.

All our 87 malls are designed to create meaningful connections with communities. This year, we also made an impact with a record-breaking International Coastal Clean-Up, engaging 23,320 volunteers and collecting 135,000 kg of waste across 15 malls.

We remain committed to providing spaces that meet the malling needs and wants of every Filipino family.

Malls Like No Other

smicadm — Sun, 13 Apr 2025 23:29:00 +0000

SM SUPERMALLS

Malls Like No Other

SM Supermalls has long been a part of Filipino communities. For over six decades of knowing the pulse of the customers, our malls evolved from retail spaces into dynamic lifestyle and business hubs. Through the years, SM has been the place where families gather, friends meet and entrepreneurs thrive. Our deep connection with customers sets us apart and continues to drive the success of physical retail in the Philippines.