BIZ BUZZ: PICPA honors SMIC’s Jose Sio
The Philippine Institute of Certified Accountants (PICPA) has just rolled out the red carpet for SM Investments Corp.’s (SMIC) big boss.
The group named SMIC’s chairman emeritus Jose Sio as its honorary life member following the latter’s more than two decades of “continued, dedicated service… highlighted by outstanding accomplishments and significant contributions to the advancement of the profession and active involvement in various accounting and professional organizations.”
Accepting the recognition, Sio, who for years led SMIC—a dominant player in retailing, property development and banking in the Philippines, said that accountancy holds a crucial role in the “growth and integrity of many Philippine businesses,” as it helps build confidence of stockholders.
“I am privileged to be part of organizations, like the SM group, that view the field as a crucial part of the company’s growth journey,” Sio said.
Sio also received the Accountancy Centenary Award of Excellence in 2023 and the Parangal San Mateo in 2022, the highest honor that can be conferred upon an accounting professional.
He earned a degree in Commerce, majoring in Accounting, from the University of San Agustin in Iloilo City. He also completed his master’s degree in Business Administration from New York University in the US.
A veteran in his field, Sio secured high-ranking positions in SMIC, such as chief finance officer and chairman of the board.
He was instrumental in the corpo giant’s stock market debut, which had paved the way for SMIC’s further expansion.
