Property News - Inside Retail Philippines
SM Prime Holdings is opening two more shopping malls in the Philippines before year’s end to take its total outlets to 66.
FamilyMart Philippines, partly owned by the Ayala and Tantoco groups, is up for auction.
Reflecting Palawan province’s tourist attractions, the SM City Puerto Princesa mall opening this month has a resort feel.
Megaworld Corp plans to open 13 malls in the next three years in line with its target to hit 28 by 2020.
Starmalls has had a 38 per cent surge in first-half net income to PHP1 billion.
Megaworld Corporation’s first-half net income improved 11 per cent to PHP6.69 billion.
The Philippines’ slow internet speeds are hampering online retail growth, says the PRA president.
Ayala Corp has received regulatory approval to proceed with its acquisition of 49 per cent of Zalora Philippines.
ALI says is Ayala Malls operation contributed to solid first half year growth.
Second-quarter net income grew 15 per cent to PHP7.79 billion for SM Prime Holdings.
AyalaLand Malls is partnering with ABS-CBN Corp to open a giant tent venue at the recently opened Ayala Malls Vertis complex in Quezon City.
Robinsons Place Butuan in Mindanao is being expanded.