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SM Prime set to invest P400B in PH, China deals

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SM Prime Holdings, now one of the leading property developers in Southeast Asia, is investing at least P400 billion to further scale up its businesses in the Philippines and mainland China.

Posted: April 16th, 2014 in Headlines | Read More »

SM Prime posts 14% jump in nine-month net profit

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SM Prime Holdings Inc., the country’s biggest shopping mall developer and operator, said profits in the nine months through September rose 14 percent to P8.43 billion as it recognized earnings from newly opened malls.

Posted: November 4th, 2013 in Headlines | Read More »

SEC approves merger of SM Prime, SM Land

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The Securities and Exchange Commission has approved the merger of SM Prime Holdings Inc. (SMPH) and privately held SM Land Inc. The emerging entity will become Southeast Asia’s largest real estate firm.

Posted: October 11th, 2013 in Headlines | Read More »

SM Prime taps solar energy for shopping mall in China

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Property giant SM Prime Holdings Inc. has harnessed solar power for its shopping mall in Xiamen, its first and most mature commercial hub in mainland China, pioneering this strategy in the city while stating its commitment to cut greenhouse emissions and optimize energy efficiency.

Posted: July 15th, 2013 in Headlines | Read More »

SM Prime to invest P88B for new malls

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The country’s leading shopping mall developer SM Prime Holdings Inc. expects to invest P88 billion over the next three years to expand its shopping mall portfolio in the Philippines and China.

Posted: April 16th, 2013 in Headlines | Read More »

SM Prime investing P88B in PH, China; Q1 net profit up 15%

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Photo taken from SM Prime Holdings Facebook account

The country’s leading shopping mall developer SM Prime Holdings Inc. expects to invest P88 billion in the next three years to expand its shopping mall portfolio in the Philippines and China.

Posted: April 16th, 2013 in Latest Business Stories | Read More »

SM Prime ’12 profit up 16%

Photo taken from SM Prime Holdings Facebook account

Shopping mall giant SM Prime Holdings Inc. grew its net profit last year by 16 percent to P10.53 billion on the back of revenues from new and existing malls, including those in mainland China.

Posted: February 18th, 2013 in Headlines | Read More »

Biz Buzz: PAL party time

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Many things have changed since San Miguel Corp., led by Ramon S. Ang, acquired a stake in flag carrier Philippine Airlines (PAL). Under new management, PAL—which at 70 years of age enjoys the distinction of being Asia’s first carrier—expects to post a profit for its current fiscal year that ends in March.

Posted: December 2nd, 2012 in Headlines | Read More »

Local stock index hits new high but ends lower

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stocks

The local stock index closed slightly lower after hitting a new intra-day high of 5,329.76 on Friday as some investors decided to pocket gains from the recent run-up.

Posted: May 4th, 2012 in Featured Gallery,Latest Business Stories | Read More »

SM Prime investing P1.4B to expand Bacolod mall

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Tycoon Henry Sy’s SM Prime Holdings is investing close to P1.4 billion to expand its shopping mall in Bacolod City, the capital of Negros Occidental.

Posted: April 3rd, 2012 in Latest Business Stories | Read More »

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