Noticias de dinero

SMIC ‘potentially’ violated law – US official

WASHINGTON, D.C.: China’s top chipmaker may have violated American laws by making a processor for sanctioned telecom giant Huawei, a senior US official said, sending its shares plummeting in Hong Kong on Friday. A congressional hearing on Thursday asked the official whether Semiconductor Manufacturing International Corp. (SMIC) broke US export controls by making advanced 7-nanometer

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SMIC, BDO seen sustaining growth

SM Investments Corp. (SMIC) and subsidiary BDO Unibank Inc., are expected to sustain their upward momentum this year and the next on continued retail growth and loan expansion, Maybank Investment Banking Group said. In a report, Maybank said SMIC was likely to deliver 25-percent net income growth for 2023 and a 14-percent increase next year

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SMIC bullish about portfolio investments

SM Investments Corp. (SMIC) is confident that portfolio investments, particularly in the logistics and geothermal businesses, will contribute more than 10 percent to overall profit in the medium term. Timothy Daniels, SMIC consultant for investor relations and sustainability, said the conglomerate was aiming to sustain the growth momentum of their portfolio investments — or the

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SMIC division eyeing geothermal opportunities

SM Investments Corp. (SMIC), a subsidiary of Philippine Geothermal Production Company, Inc. (PGPC) plans to increase renewable energy production from 300 megawatts (MW) to 600 MW through exploration projects. Potential development areas are in Kalinga, Daklan and Cagayan in Northern Luzon, and Mount Labo and Malinao in Bicol. SM Investments said it is increasing its

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SMIC appoints Tetangco chairman after Sio steps down

FORMER Governor of Bangko Sentral ng Pilipinas (BSP) Amando Tetangko Jr. was appointed chairman of the board of SM Investments Corp. (SMIC) following the retirement of José Sio, who will take over as honorary chairman of the company. “Please be informed that the Board of Directors of SM Investments Corporation, at an extraordinary meeting of

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SMIC commits £90bn capital investment in 2023

SM Investments Corp. (SMIC), the holding company of Sy Group, said on Wednesday that it has set aside about 90 billion pesos for capital expenditures (capex) this year, a huge part of which will go to mall operator SM Prime Holdings Inc. The company said that this year’s capital expenditure is 12 percent higher than

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SMIC Supports UN Principles for the Empowerment of Women

Conglomerate SM Investments Corp. (SMIC) on Tuesday said it expressed support for the principles of the United Nations Global Compact on Women’s Empowerment (WEP), joining more than 3,000 other business leaders around the world. The WEPs, developed by the UN Global Compact and UN Women, are a set of principles that provide guidance to businesses

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