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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 »

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 earnings hit P16.2B in 2013

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The SM group’s real estate businesses under SM Prime Holdings chalked up a net profit of P16.27 billion in 2013, the first year of consolidation.

Posted: February 25th, 2014 in Headlines | Read More »

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