Daily Tribune
SM has invested in the clean energy sector through the Philippine Geothermal Production Company (PGPC), which supplies 300 megawatts of geothermal steam. Through PGPC, SM plans to further develop geothermal concessions to support the Department of Energy’s goal of achieving a 50 percent renewable energy supply by 2040.
PHOTOGRAPHS COURTESY OF SM
SM Investments President and chief executive officer Frederic C. DyBuncio stated that, despite the ongoing challenges of peso volatility and rising inflation, the business sector, including the SM Group, has adapted effectively.
Through its subsidiary 2GO, SM launched MV Masigla and MV Masikap in 2024 to enhance the transportation of goods across 19 ports nationwide, including Iloilo, Bacolod, Cagayan de Oro, and Manila. This initiative aligns with the government’s push for medium-term growth by upgrading the country’s tourism infrastructure and ecosystem.
The SM Group, a powerhouse in Philippine retail, banking, and property development, is looking to 2025 with measured confidence.
The Year of the Wooden Snake is expected to bring in adaptability and transformation that are evident in SM’s growing commitment to sustainability.
With challenges like peso volatility and inflation continuing to affect the economy, the conglomerate sees both hurdles and opportunities as it sustains its momentum and leadership position across industries.
For SM, 2025 coincides with the Chinese zodiac’s Year of the Snake — a symbol often associated with transformation, resilience, and strategic thinking. These qualities resonate strongly with the company’s outlook and approach, as it adapts to economic shifts while driving innovation and inclusive growth.
Despite economic uncertainties, the Philippine economy continues to grow, providing fertile ground for SM’s expansion plans.
According to the Philippine Statistics Authority, Household Final Consumption Expenditure (HFCE) grew by 5.1 percent year-on-year in the third quarter of 2024, maintaining the same level as the previous year. This steady demand has been pivotal in sustaining household spending, a key driver of the economy.
The Year of the Snake serves as a fitting metaphor for the company’s journey — a year marked by strategic transformations and the ability to adapt to change while maintaining its solid foundation.
“Any moderation in inflation should trigger a strong confidence rebound,” said Frederic C. DyBuncio, President and CEO of SM Investments, in a recent statement.
“This could create opportunities in consumer-focused sectors in the country, and we are poised to cater to these evolving demands.”
To capitalize on these opportunities, SM is doubling down on its efforts to expand into underserved areas.
By broadening its reach, the company not only taps into new markets but also contributes to sustainable economic development.
“By investing and expanding to more areas nationwide, SM creates new markets and improves access to these essential sectors, serving more communities and helping stimulate sustained economic activities,” DyBuncio explained.
Beyond its traditional sectors of retail and property development, SM is investing heavily in renewable energy and environmental innovations.
One of the company’s flagship sustainability projects is its involvement in the clean energy sector through its subsidiary, Philippine Geothermal Production Company (PGPC).
Currently, PGPC supplies 300 megawatts of geothermal steam and is set to expand its geothermal concessions. This aligns with the Department of Energy’s target of achieving a 50 percent renewable energy supply by 2040.
SM’s property arm, SM Prime Holdings, is also advancing its sustainability efforts.
Through a partnership with GUUN Co. Ltd., the company is implementing an innovative Japanese technique that converts non-recyclable packaging into alternative fuels, significantly reducing landfill waste.
The Year of the Snake symbolizes strategic thinking and resilience — qualities that have defined SM Group’s approach to navigating economic challenges.
As inflation pressures ease, SM is confident that its adaptability will allow it to thrive in a shifting landscape.
The company’s ability to anticipate and respond to market needs has been central to its success. For instance, its ongoing collaboration with government stakeholders aims to enhance access to modern retail, financial services, and integrated property developments across the country.
SM is also keenly aware of the evolving needs of Filipino consumers, particularly in the post-pandemic era.
As 2025 approaches, SM’s commitment to innovation, sustainability, and inclusive growth ensures it remains a leader in its industries.
SM’s plans for expansion into underserved areas, investments in renewable energy, and pioneering waste management initiatives demonstrate its resolve to create meaningful impacts that extend beyond business growth.
With its forward-thinking strategies and unwavering focus on sustainability, the SM Group underscores its role as a pillar of progress in the Philippine economy.
As it steps into 2025, the company’s adaptability and leadership promise to uphold its legacy while driving innovation for years to come.
Through its multifaceted initiatives, SM is not just weathering economic challenges — it is thriving and setting benchmarks for others to follow.
The company’s enduring leadership stance, bolstered by the transformative spirit of the Year of the Snake, signals a future of sustained growth, innovation, and positive impact across the Philippines.
