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How small malls compete with big malls

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NEW TIONG SAN towers over Burnham Park along Harrison Road in Baguio City. It has branched out into the La Trinidad Valley in Benguet.  RICHARD BALONGLONG/INQUIRER NORTHERN LUZON

The Philippines’ shopping mall chains have virtually taken over the provinces, branching toward every urbanizing town or city to offer products that provincial customers used to buy only from Metro Manila stores.

Posted: December 22nd, 2012 in Editor's Pick,Featured Gallery,Headlines,Inquirer Features,Photos & Videos | Read More »

Ayala, Rustan’s plan dep’t store chain

Ayala Land Inc. will soon debut into the department store retailing format in partnership with the Rustan’s group by investing in the anchor tenant of a new Ayala shopping center rising in Fairview, Quezon City.

Posted: November 12th, 2012 in Headlines | Read More »

SM Prime’s consolidated net profit grows by 12%, hits P2.12-B in Q1

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MANILA, Philippines—SM Prime Holdings, the Philippines’ dominant shopping mall developer and operator, grew its first quarter consolidated net profit by 12 percent to P2.12 billion from a year ago on higher rental earnings. SM Prime disclosed to the Philippine Stock Exchange on Tuesday that revenues grew by 13 percent to P6.07 billion during the first [...]

Posted: April 19th, 2011 in Latest Business Stories | Read More »

P4-B Cebu mall rises

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CEBU CITY, Philippines—In about two years, the biggest shopping mall in Cebu costing over P4 billion will rise at the city-owned reclaimed property, South Road Properties. Building the mall is retail giant SM Prime Holdings. SM Prime president Hans T. Sy said the P4.5-billion shopping mall would be the fourth biggest among its malls in [...]

Posted: April 16th, 2011 in Headlines | Read More »

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