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SM pushes ‘constructive dialogue’ on rail station

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SM Investments vice chair Teresita Sy-Coson: We’re keen on finding a solution. CONTRIBUTED PHOTO

Listed conglomerate SM Investments Corp. said it was open to a “constructive dialogue” with the Department of Transportation and Communications (DOTC) over the location of a railway common station in Quezon City that has held back the awarding of a major public-private partnership (PPP) deal.

Posted: September 11th, 2014 in Editor's Pick,Headlines | Read More »

SM Prime raises P20 billion from bond offer

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SCREENGRAB from www.smprime.com

Local property giant SM Prime Holdings Inc. has raised P20 billion from its multi-year retail bond offering, marking its debut into the local bond market.

Posted: September 1st, 2014 in Latest Business Stories | Read More »

Second common station eyed

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THE TRANSPORTATION Department is considering a “win-win” solution to break the current impasse over a railway common station in Quezon City, which is causing a delay in the awarding of the P65-billion Light Rail Transit Line 1 Cavite extension public-private partnership deal, a senior government official said on Tuesday.

Posted: August 6th, 2014 in Headlines | Read More »

SM Prime nets P9.8B in first half of 2014

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SCREENGRAB from www.smprime.com

Local property giant SM Prime Holdings Inc. grew its net profit in the first semester by 12 percent year-on-year to P9.8 billion on the back of double-digit growth in rental revenues as the group cashed in on the opening of new malls and the expansion of SM Megamall.

Posted: August 4th, 2014 in Latest Business Stories | Read More »

SM bid for TRO on rail station nixed

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The Pasay City Regional Trial Court turned down the request of Henry Sy’s SM Prime Holding Inc. for a temporary restraining order (TRO) over the location of a railway common station in Quezon City, but the latter said the legal battle continues as it reiterated the government should honor their agreement five years ago.

Posted: July 2nd, 2014 in Headlines | Read More »

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