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SM Prime raising $740 M for expansion, mall in China

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RETREAT  SM Prime Holdings, citing the government’s stringent public float requirement, has backed off from plans to raise $500 million from real estate trust funds.

SM Prime Holdings Inc. is raising around $740 million through a mix of peso and US dollar borrowings this year to fund its expansion here and in China.

Posted: March 28th, 2014 in Latest Business Stories | Read More »

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 »

SM opens 5th mall in China

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Artist’s perspective of SM City Chongqing. SM Prime Holdings Inc. is shelving for now plans to take its mall business in China public as the company’s top official said they have yet to achieve the required scale. FROM SMCITY.CN

Tycoon Henry Sy has boosted his portfolio of shopping malls in mainland China with the opening of SM City Chongqing in southwest China on Friday, the group’s fifth in Asia’s largest economy.

Posted: December 13th, 2012 in Latest Business Stories | Read More »

Megaworld signs EEI Corp. to work on mall, BPO projects in Uptown Bonifacio

megaworld

Premier developer Megaworld Corporation, continuously setting higher standards of excellence in the real estate industry, recently made EEI Corporation its general contractor for three upscale developments in its Uptown Bonifacio township project, touted as the country’s brand-new central business district.

Posted: November 22nd, 2012 in Latest Business Stories | Read More »

Pepsi inks beverage deal with Robinsons

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pepsi-sting

Pepsi-Cola Products Philippines Inc. has bagged a deal with property developer Robinsons Land Corp. to exclusively supply beverage to the latter’s food courts and cinemas in shopping malls across the country.

Posted: October 8th, 2012 in Latest Business Stories | Read More »

Robinsons to build mall in Isabela

Gokongwei-led Robinsons Land Corp. is set to build its 34th mall in the country—a three-story full-service mall in Santiago City, Isabela, which will open for business in September next year.

Posted: October 4th, 2012 in Editor's Pick,Headlines | Read More »

SM to bring Japanese clothing brand UNIQLO to Philippines

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UNIQLO

The country’s largest retail and mall chain, ShoeMart, is bringing Japanese casual clothing brand UNIQLO to the Philippines.

Posted: October 12th, 2011 in Latest Business Stories | Read More »

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