SM approaches 2025 with cautious optimism [Yahoo! Finance]
BDO UNIBANK S/ADR (BDOUY)
NASDAQ:AMEX Investor Relations:
bdo.com.ph/investor-relations/official-disclosures
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Source: Yahoo! Finance
(PRNewsfoto/SM Investments Corporation) SM Investments President and Chief Executive Officer Frederic C. DyBuncio said that despite ongoing challenges of peso volatility and higher inflation, the business sector has adapted well. Consistent demand sustained household spending in the third quarter, with Household Final Consumption Expenditure posting a year-on-year growth of 5.1%, maintaining the same level in the same quarter last year, data from the Philippine Statistics Authority showed. "Any moderation in inflation should trigger a strong confidence rebound. This could create opportunities in consumer-focused sectors in the country and we are poised to cater to these evolving demands," Mr. DyBuncio said. To cater to growing demand, SM continues to expand into more underserved areas, contributing to sustainable economic development and collaborating with government stakeholders to enhance access to modern retail, financial services, and integrated property developments. "
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