SM outperforms PH economy
Guidote says despite a number of challenges, there are also new opportunities borne out of new industries
WHILE it outperformed the Philippine economy in terms of growth and now owns the largest listed companies in the Philippines, the SM Group remains small compared to its Asian counterparts, so the conglomerate is banking on innovation and providing quality domestic jobs, among other things, to further its growth in the years ahead. “There’s still a lot of opportunities for us to grow,” says Corazon Guidote, SVP for Investor Relations at SM Investments Corp. “Innovation is critical because the world is moving so fast. There’s so much to do for us to catch up.”
In her presentation during Friday’s The 5th Business Forum, organized by
in Davao City, Guidote says Guidote says SM malls and its related businesses now have a business footprint of - lion), and three other conglomerates in Asia,
“The SM and its subsidiaries are still far says Guidote, who tells her audience that “We have focused on inclusive growth and her presentation is solely her own views and long-term sustainability for our growth drivnot of SM’s, during the forum dubbed “The business executives, diplomats, politicians, she explains, may be obtained through social challenges, however, there are also new op portunities borne out of new industries, such as self- driving cars, quantum computing, a catalyst role in underdeveloped locations around the country, supported and men tored MSMEs and other entities that gener
“So we need to cope with new paradigms ate jobs, cultivated a culture of innovation, - and created synergies among its core busitation titled “Moving Toward Our Economic revenues brought about by corruption, as well as the drug menace that could adversely affect the national economy says that besides focusing on innovation and providing good jobs to the citizenry, business organizations must rise above divisiveness and destructive politics, support the MSMEs or micro, small and
- billion from P8 billion for the same The nominal GDP, on the other hand, - domestic product evaluated at current and services produced in an economy in
stresses, saying that from a small-scale business, the SM has grown into a - on the other hand, is at second place