How Big is The Philippines SM Corporation?
ฝัง
- เผยแพร่เมื่อ 16 มิ.ย. 2024
- SM Corporation is today one of the largest businesses around the world after it has been valued at over $22 billion US dollars.
Narrated by Tom McKay
Video Edited by iyanbriandi
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Timestamp(s):
0:00 The $16BN Family
0:39 The SM History
3:07 SM Retail
4:11 BDO Bank
5:30 SM Prime
6:55 Other Business Stakes
8:30 SM Foundation
Inquiries: behindasian@gmail.com
Brought to you by the Behind Asian Team.
SM Corporation has become the symbol of the Philippines shopping economy. Where do you think is its future headed? Let us know down below!
As the country's largest conglomerate, I hope SM switches from retail/services and venture more towards industrialism and manufacturing. The country needs to industrialise for any hope of becoming a developed nation. As the biggeat fish in the pond SM carries great responsibility for industrializing the country. Please be more like Toyota, Samsung, HHI, and Mitsubishi heavy industries and less like Walmart, Aeon and Ikea
Try indonesia's Djarum group
@@happyface96 so true we have enough malls here in the philippines...
SM means SY &. MENDIOLA
That's also where you meet friends and family. Every family day which is Sunday
Not sure if he mentioned it but the rise of Filipinos wanting to go to the mall in the 90's is partially due to climate. People with money want to dress nice and do nice things but it's absurdly too hot be wearing layers and staying outside a lot.
The mall became the unofficial parks for the daytime while the official parks usually stay empty until the sun is weak. People go to the malls with no intention of buying anything really but to just hang out and enjoy the massive air conditioning.
That's the point of malls to hang out
@@someoneyoullknow4077 air-conditioning
I see what you are saying
AC lol
True that
What touched me most about SM malls is they give importance to little people like myself. Notice where their public transport terminals are located - right in front of their malls, in the most prime of locations - unlike in other malls where the commuting public has a hard time accessing public transport. I believe they realized early on that it's the combined spending power of the little people that would sustain its growth in the long run, and it's paying off handsomely.
That's because they want people to be tempted into buying more thing inside the mall. Win win solution.
@@dormamo6917 Yep, businesses are money first
You're a certified conglomerates worshipper/slave
Thats because SM malls wanted to temp you from buying in their mall before going home. Also SM malls tends to be a mall for commoner or those in the middle class at least so they have to make it more accessible but give importance to little people? I don't think so, they dont evem regularize their employees. They dont care about small people, they just want you to spend.
@@skyscraper7664 No company would regularize all staff if their business is seasonal, would you? SM malls have year-round regular staff AND they hire extras during the holidays. Btw, I think you missed my point. Compare the location of SM public transport terminals to those of Ayala and Robinson malls from years back. They must have realized what SM has been doing coz lately, the Ayalas developed that magnificent transport terminal right where the Intercontinental Hotel was, EDSA cor Ayala Ave. Also, all mall owners would want people to shop in their malls, not only SM.
truthfully, aside from school, SM is my second home growing up (even cutting classes sometimes just to spend time there. lol)...=) love SM, for its service, especially accommodating evacuees and shelter during typhoons, providing free wifi and necessary services, etc., but more because it represents both Filipino and global culture. truly, a mall that is like a home.
There's an sm college I think
Yeah they give out scholarships too, I applied for one myself and it really helped me with my college expenses
@@lancetheking7524 NU national university ay pag maymayari ni SM CORP.
And de la salle university may share din sila Kaya SA la Salle may bagong building na sy building nakalagay
Their surname is actually pronounced as “See”. For example Henry Sy is pronounced as Henry “See”
Henry Psy is the only multibillioner that nails the gangnam style.
My surname is Sy and it hurts my ears everytime someone mispronounces my name. It's ok the first time but it's annoying after hearing it like a hundred times.
When Henry is sad, Henry *Sighs*
@@nemurinemuri2212 i think they just paid someone to be a voice over of this video
yup
Love the new voice over talent!
Love from the Philippines working as a teacher here in Vietnam 🇻🇳
Thought it's an a.i
@@rome.u i think it's not... you can tell when it's AI talking
@@jadezworld4826 Yea I just thought. Well the voice talent is decent.
thank you non-filipino
SM single handedly created the very well known filipino mall culture.
SMCITYLIPA
Their property development division is SMDC (SM Development Corporation) and the whole corporation is called "SM Prime Holding"
Fun fact: When the Ikea was built here at Pasay (name of the city where MoA is located in) They built an extension to the building so that people who park at MoA can easily access the Ikea. Also, there are tons of buffets are the back of MoA, called Sm by the Bay, which has Buffet 101 and Vikings
I like the four seasons buffet and hotpot there
that Ikea also is the largest Ikea mall in the world
SM tends to attract local communities with the mixed intention of enjoying the free air conditioning and decent mall events, either from nationwide activities or locally hosted ones that SM facilitates.
SM positioned themselves as a pillar of most local economies and as an event venue for any small to medium sized events.
Yayyyy! I love SM Malls! Love from Philippines! 🇵🇭❤️
Love when someone mention our country Philippines.
🐑
Yeaah peeenoise pride
ew
@@JJ-ib9nv 🤡🤡
Us pinoys will always invade the comment section if our home country get mentioned
I LOOOOVVVEEE going to SM Malls and even wanna go to their biggest malls there, especially the SM Mall of Asia!
Ever wondered why theres no Mercury Drug stores inside SM Malls?
Legend has it that when Henry was still selling shoes, he asked the owner of Mercury drug if he can peddle his shoes right beside his store. The owner of the drug store outright drove him away, so Henry made a promise if ever he got rich he would not let Mercury Drug stores in his establisments.
My grandma used to be the model of sm back then, we still have some old magazines with her on the front cover
this is surprisingly really well researched
SM also invest in education and owned National University which is the biggest campus located in university belt manila and the new one in SM fairview NU Campus which is soon to be open they are now competitve in every sports we have in national and local level, the UAAP VOLLEYBALL, CHEERING COMPETITION, etc hope they are expanding their campus to all provinces from luzon visayas and mindanao as well
Business parin yan sa kanila private yan e
I've always been amazed at how huhe those malls were. Although it's a bit of an hour commute to get there from my home which is why i rarely visit the nearest SM branch here. I'm planning on visiting there with my friends on September
Xisiwxiax,,,,,z,zzzz,,,,,,,,🎂
Sy is pronounced as "See", not "Sigh".
Yes!! Thank you for saying this... It is cringey to hear the mispronounciation
Yeah, I hope Behind Asia will do research more specifically how to pronounce (names).
The voice really sounds like a very good text-to-speech software and most subtle mistakes like these are often caused by just blindly typing words into the software without paying attention about phonetics, the software obviously doesn't know the context of pronouncing 'Sy' as 'See".
@@sidewinder3422 It's not a robot speaker but a person.
@@raikey2176 Idk, in some of the old videos the voiceover is different, it both sound like generic text to speech.
And I'm not talking about robotic voices, Text-to-Speech software has become so advanced, some sound so human, they are all over youtube nowadays.
SM Group of Companies is the largest conglomerates not just in the country but also in Southeast Asia. It is also one of the biggest in Asia and in the world.
I will Agree To Largest In Philippines,South East Asia And Asia But The World Big No
We will see how SM will go through the current crisis. It has been through several but this time there’s a war, inflation, supply chain interruptions and a pandemic that crippled them for 2 years. Something’s gotta give
Nah... it will hard to take it down, with how diversified SM is.
I was about to comment about the slow adoption of fintech on BDO, as of today you can see on how old & vulnerable their system, so i don't think they can catch up very soon especially nowadays, because GCash, PayMaya, and other banks that has robust security & optimized online feature.
I have investments in SM Corp. Stocks and dividends in BDO.
Love how they avoid to regularizing filipinos employee for many decades by contractual and exploiting fresh graduate every year. They gain much money in this scheme.
Tnx to sm when its so hot in summer they are our refuge from heat in the summer time
Proud to be a former Employee :)
U used to work there?
im a Philippines and i go to SM and it was so big
Im going to SM today :D
An a Filipino and i think SM means super mall since it starts with S and ends with M but i knew it was originally a shoemart since my grandfather told me about it
Hope SM will open branch in Timor leste
As a filipino, I can completely understand how the SM corporation would be the largest.
I live in in Sorsogon City, Philippines and there will be a new mall called SM Mall opening in October November or December
SM malls is the best shopping malls in the philippenes🤗
It's quite expensive though but still worth to visit
@@zchaosemperor81 free air conditioner is why i go there
@@zchaosemperor81 it's honestly pretty cheap, but the large array of options and the rows of shops in different levels can burn a hole through your pocket pretty quick...heck not even 40 minutes Into SM city Cebu and I was shocked to see that I already blew through 3,000 pesos
@@zchaosemperor81 its expensive if you're actually there to shop. i visit mainly for the entertainment (arcades and theater) and for bonding with friends.
SM North EDSA was the first Giant mall ever built in the Philippines .Followed by Robinson's Galleria then SM Megamall.
IKEA is SMs partner too.
they just leased the lot.
If you want spontaneous Malling Come to SM SuperMalls they are plenty in the Philippines
wow. they are very good at managing the money
I am Filipino and hope SM corp will put a Business like malls Realstate in Timor Leste
I wish they also venture in infrastructure business like SMC and start building mega trains all over the Philippines
this kind of peoples are just those who achieved their goal/dream but honestly the world calls them money hungry peoples
They’re the Good Guys
lmao
One thing you forget to include is national university and asia pacific college .. also a part of sm group..
Best stocks to buy!
i like the air in sm
SM Supermall: It will always be super!
in jakarta some malls have to fight against the online shopping trend. when we come to mall, the crowded area only in the foodcourt or cafes or restos. Tokopedia, Bibli and Bukalapak are the names in Indonesia that have benefited greatly from online shopping era.
mungkin krn cuaca ph yg panas membuat warganya lbh memilih piknik di mall
kalau warga plus enam dua sih punya byk pilihan
yg ke pantai atau ke gunung
seperti salah satu komen yg bilang bahwa mereka masuk mall supaya adem dengan baju yg bagus
perlu diingat bahwa perempuan ph itu mayoritas pingin punya kulit putih-ada liputan ttg hal ini selain yg india
jadi main ke pantai itu sepertinya nggak cocok
@@mariaannainditahernawati7132 justru krn panas harusnya olshop dong yg berjaya... kyk gw yg males ke mall klo ga penting2 bgt wkww
I always thought that SM is an acronym for super market.
When ur going to make a video on Bangladesh?
sadly, SM Prime Group's employees are not getting paid well.
And what’s even more sad is that these workers in the malls are, for the most part, not actually SM “employees” per se, rather they are agency contractors that are not regular employees of SM, as a way to really maximize margins with cheap labor.
Why blame solely SM Holdings & the likes...ask your Congress to pass EnDo BILL.
@@denniscabubas7189 surely we have laws which these companies just follow the bare minimum where in fact they can afford to do more if they truly value their people
1:26
as a filipino i can confirm that this is very true
You forgot to include the National University which was acquired by SM Group of Companies.
They should invest in their employees… in-house training for business communication and math. They need to know more details on products sold
Btw, I have an Walter Mart near my city
P. S. In sta maria Bulacan, near the Philippine arena
SM Foundation should do something to those poor and homeless people around Manila City. How to help them and make the city to be more clean...
I am Ezra from Jakarta.
How did you know that?
SM capitalized the poor sectors of Philippines.
Muka palang pang wala ng magagawa sa buhay Hahaha bb 😂🤣
A few years ago some BDO depositor's accounts have been hacked and lost their money when they complain the BDO blamed them and accused them of scamming, but only when the government intervened that they investigate and return the depositor's money, BDO thinks that they can get away with it but they didn't, a really sad experience for depositors.
I can tell you, if you shop there, it's gonna be fun.
SM mall is best shopping in the Philippines 🔥🔥🔥
Hey I know an octogenarian who goes to sm everyday, all 365 days of the yr, and spends an average 1000 to 1500 pesos a day , everyday at their supermarket etc
I always felt bad for SM workers who have to forcefully clap “happy to serve” ..
I think it's a good idea to keep sales staff alert at all times.
LOL!!! They still have those.
@@eduardochavacano Glad to know they still practice it. One time me and my sister went shopping for clothes. There was a cluster of sales ladies who were huddled in a corner, chatting, and nobody bothered to check on us. When we called for assistance, we saw the irritation on the girl's face for breaking the huddle. I think this practice minimizes such incidents and makes sure they earn what they are paid to do. It's not always the case wherein SM is the "villain" and the staff, the "hero." Pretty certain she'll be the first to complain when not regularized, hence the attitude.
@@eduardochavacano lol, that just happened to me yesterday at the mall. However, she was actually nice and even assisted my mother in choosing clothes for me.
Nakakamiss na pumunta ng SM, especially yung Supermart.
Edit: Savemore pala. Sorry hehe
i am a filipino and have been at SM too many times
Behind Philippines TH-cam Channel 😅
henry Sy(See/Sea)
I WOULD AGREE WITH YOU ALL IF THEY COULD KEEP THE MALLS A LITTLE QUIETER. NOT MUCH DIFFERENCE WITH A WET MARKET
I have been summoned alongside my fellow brethren for some reason
the throne of bowl in the toilet of SM have sensor no need to press the button just to flash the bowl.
When i first went to SM, There Were Like, 590
U forgot the School which is National University
Sy is pronounced "Si" btw
SM also have schools.. National University..
Can you do a "How big is EY?"
From SM-Shoe Mart To SM-Super Mall
Moa Is very big, Me and My friends got lost there lol, it was like Ikea
The only thing we’re missing is to expand to other countries
There's SM malls in China
Mall of Asia is the largest Sm Mall in The Philippines and the 5 largest mall in the World
Make a video on UPI a digital payment platform revolutionised digital payments in India 48 billion transactions in 2021 highest in the world. Currently 5.6 billion every month
Its Pronounced Sy(SI)
Yap, like "see".
not SI because it will be pronounced differently as well.
As a filipino this is true but dont forget KCC.
My mom works at BDO
SM has its own university Called The National University
SM is great at everything but I have to say this from my personal experience: Their Bowling Centers suck. Why ? Because they can be overcrowded easily with casual bowlers, they’re overpriced and worst of all is their Pinsetters were poorly maintained and the mechanics were barely qualified to work on them since they didn’t do any Maintenance and also not staying behind the Lanes at all times.
Our SM near us didn't even have bowling .
The sm here doesn't even have a bowling alley 😒
Be glad the sm in our city doesnt have one
imagine having a bowling center in your local SM
You guys have a bowling center?
Idunno if this part was a troll, but Pay in x
"PayMaya" is read similarly to pay in "BDO pay", not puhmeya, lol
The Ayala and the Sy families started the mall craze in the North while in the south is the GAISANO.
There’s also the Lim family that founded the New City Commercial Corporation or NCCC. Most of their Malls, Supermarkets, Department Store, ChoiceMarts, etc. are only found in the Davao Region and Palawan only had 1 NCCC Mall
Founder is Chinese Fillipinos?
So the COD owned by MELCO now partnership with SM
SM MALL OF ASIA IS THE Largest mall in Southeast Asia
Passive income is the only way you can be part of 10% population and seprate yourself from the Average population. YASIN NABI
I had to pause watching and make a comment after hearing "sigh" the third time 😅. Sorry, I just can't help it! Now back to watching 😆
Good feng shui
Sy is pronounce like letter "C" or pronounce as "Si".
SM sabah soon
Sigh Family 😮💨
Wait it's short for ShoeMart? I thought it was short for SuperMarket 💀
THE ONLY MALL, THAT OPEN THEIR PARKING LOT FREE, WHEN HAVE A TYPHOON HERE IN THE PHILIPPINES
Sy is pronounced like see, sea, c
Last name "Sy" is read as you would 'see' or 'sea'
not included the national university (NU)...???
In the PH maybe they are the largest but it's a minnow outside...
SM malls is one of the top Biggest mall in the world...
Coming 3rd
The life of konglomerat mostly depend on 100 million medium and low wage population power