PR Newswire
30 Jan 2023, 21:10 GMT+10
![]() |
PASAY CITY, Philippines, Jan. 30, 2023 /PRNewswire/ -- Six SM companies were cited during the ASEAN Corporate Governance Scorecard (ACGS) Awards conducted online on December 2, 2022.
SM Investments Corporation (SM Investments), SM Prime Holdings Inc., BDO Unibank Inc. (BDO), China Banking Corporation (China Bank), 2GO Group Inc., and Belle Corporation were recognized among the top-performing companies in the Philippines as part of the ASEAN Asset Class. The ACGS, hosted by the Institute of Corporate Directors Philippines, is an initiative to recognize the valuable efforts of publicly listed companies in the region to elevate the standards of corporate governance in their respective industries.
"We are humbled by this recognition that further affirms our holistic approach to raising the standards of good corporate governance across our businesses," said SM Investments Corporation President and Chief Executive Officer Frederic C. DyBuncio.
China Bank, SM Investments and SM Prime were named among the ASEAN Top 20 Awardees. China Bank, for its part, was also named among the Top 3 Publicly Listed Companies in the Philippines. It marks two consecutive years that the universal bank has garnered one out of the three highest scores among publicly listed companies in the country.
The ACGS is a collaborative effort between the ASEAN Capital Markets Forum and the Asian Development Bank (ADB) intended to secure that the corporate governance climate in the ASEAN countries remain competitive and conducive to the growth of businesses in the region.
SM Investments is among the six SM companies recognized as the top-performing companies in the Philippines as part of the ASEAN Asset Class.
About SM Investments Corporation
SM Investments Corporation is a leading Philippine company 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 with its food, non-food, 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 6th largest bank.
For more about SM, visitwww.sminvestments.com
Get a daily dose of Singapore Star news through our daily email, its complimentary and keeps you fully up to date with world and business news as well.
Publish news of your business, community or sports group, personnel appointments, major event and more by submitting a news release to Singapore Star.
More InformationCHEYENNE, Wyoming: A Wyoming bill outlawing the use or prescription of medication abortion pills, which was passed by the state's ...
DENVER, Colorado: The Southern Nevada Water Authority has voted to accept a $2.4 million grant from the US Bureau of ...
WASHINGTON D.C.: The US government has reported that the exceptionally wet winter in California this year will offer relief from ...
FRANKFURT, GERMANY: Authorities said that as part of a crackdown on gangs suspected of blowing up ATM machines and stealing ...
BERLIN, Germany: Germany will send a cabinet minister to visit Taiwan next week, at a time when Berlin is reviewing ...
ZURICH, Switzerland - Depositors will be fully protected, shareholders will have their equity dwarfed, while bond holders will be largely ...
NEW YORK, New York - Wall Street continued its advance on Tuesday as investors continued to weigh up the health ...
WASHINGTON D.C.: The US State Department has issued a travel warning regarding dangerous fake pills sold at pharmacies in Mexico, ...
FRANKFURT, Germany: The German Automobilwoche magazine has reported that as part of its efforts to switch to selling electric vehicles ...
NEW YORK, New York - U.S. stocks rallied on Monday following the weekend buy-in of Credit Suisse by UBS, which ...
WASHINGTON D.C.: The US Federal Reserve Bank has announced that cash-strapped banks throughout the US borrowed some $300 billion during ...
BEIJING, China: Following the inability of China Huarong Asset Management Co Ltd to release financial reporting obligations in 2020, China ...