With the local stock market at bargain levels, Sy-led property developer SM Prime Holdings Inc. and tycoon Eusebio H. Tanco’s Asian Terminal Inc. (ATI) have decided to buy back their shares worth a total of P12 billion. In a disclosure to the Philippine Stock Exchange (PSE), SM Prime said its...
SM Supermalls, a unit of SM Prime Holdings Inc., continues to expand its portfolio in China—particularly in Fujian Province—with the opening of two new malls in Xiamen and one in Fuzhou. In an interview, SM Supermalls President Steven Tan said that next year, they will complete the fourth...
SM Supermalls, the retail leasing arm of SM Prime Holdings Inc., is set to open three new malls in the Philippines and redevelop at least 10 existing ones in 2025 as part of its ongoing expansion and upgrade strategy. In an interview, SM Supermalls President Steven Tan stated that the new malls...
Photo Caption [left to right]: MORS Group CEO Shanggari Balakrishnan, SM Prime President Jeffrey Lim, ACES Awards Honorary Chairman Hemant Batra and MORS Group Vice President Luis Bueno Nieto SM Prime Holdings (SM Prime) President Jeffrey C. Lim was named the sole recipient of the...
SM Prime Holdings, one of Southeast Asia's largest integrated property developers, is consolidating its residential business under the SM Residences brand, which will venture into both the luxury and low-cost housing markets. In a disclosure to the Philippine Stock Exchange (PSE), SM Prime...
SM Investments Corporation, the flagship of the Sy family, reported a nine percent growth in consolidated net income to P60.9 billion in the first nine months of 2024 from P55.9 billion in the same period last year on stronger earnings of its banking and property units. In a disclosure to the...
Sy-led SM Prime Holdings Inc., a leading integrated property developer in Southeast Asia, reported a 12 percent increase in consolidated net income to P33.9 billion in the first three quarters of 2024 from P30.1 billion in the same period last year. In a disclosure to the Philippine Stock Exchange...
SM Prime Holdings Inc., the property arm of the SM Group, has achieved LEED Gold certification for seven of its properties as of 2024. In a statement, the firm said it continues to pursue green certification for its other properties to address climate change and enhance disaster resilience. The...
Watsons Philippines aims to achieve its goal of opening 80 more stores in the country this year as the brand celebrated the opening of its 8,000th store worldwide. During a media discussion on Monday, Nov. 4, Watsons announced that its 8,000th store (worldwide) has opened in SM Mall of Asia in...
The Sy family’s SM Prime Holdings Inc., a leading integrated property developer in Southeast Asia, is increasing its capital expenditures to P100 billion to P110 billion next year as it continues to expand its core businesses. “Actually, our forecast (capex) for this year is P100 billion but I...
Sy-led SM Prime Holdings Inc., a leading integrated property developer in Southeast Asia, is expecting to register record profits this year even as it takes its time to decide when to launch its $1 billion real estate investment trust (REIT) initial public offering. In an interview, SM Prime...
The SM Prime Group has been recognized as the National Awardee for its SM Life program, winning the People Program of the Yeasr 2024 (Employee Experience and Engagement category) at the People Management Association of the Philippines (PMAP) National Conference in Iloilo on Oct. 17, 2024. (L-R):...
