THE SM Group on Thursday said that it was looking at next year with 'guarded optimism' given the economy's continued growth amid ongoing headwinds.SM Investments Corp. President and CEO Frederic DyBuncio, in a statement, claimed that the business sector was adapting well to challenges such as the peso's volatility and higher inflation.
SM was also said to be investing in ventures such as renewable energy and logistics, in particular investing via Philippine Geothermal Production Co. that produces 300 megawatts of geothermal power.'SM aims to continue to develop geothermal concessions through PGCP in support of the Department of Energy's goal of reaching 50 percent renewable energy supply by 2040,' the group said.Property arm SM Prime Holdings, meanwhile, has partnered with GUUN Co. Ltd.
Approaching 2025 With Cautious Optimism
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