SM Prime Holdings Archives - Inside Retail Philippines
SM Prime Holdings has reported a 16 per cent rise in income in the first half of this year.
SM City Naga has been awarded the Shopping Center of the Year title (medium category).
SM Prime income rose 13 per cent in the first-quarter to PHP6.6 billion, thanks mainly to its shopping malls.
SM Prime Holdings plans to spend at least PHP50 billion a year on malls and residences over the next 24 months.
Ayala Land plans to launch three mixed-use developments this year.
SM Investments (SMIC) has pegged P73 billion (US$1.4 billion) for expansion this year.
Business magnate Henry Sy is to be conferred as adopted son and honorary mayor of Bacolod City.
An 80,000 sqm mall has been opened in eastern Metro Manila by SM Prime Holdings.
SM Prime Holdings is looking to acquire shopping malls in China as well as buying more land for expansion.
SM Supermalls has won four accolades in the International Council of Shopping Centers Global Awards.
Personal care retailer Watsons Philippines is to expand its network onto high street as well as in malls.
With GDP increasing at rates rivalling Manila, Visayas and Mindanao are now a priority in SM Investments growth strategy.