Topic
51 stories in this topic
Enterprise Asia, a non-governmental organization based in Malaysia that organizes the Asia Pacific Entrepreneurship Awards (APEA), honored retail pioneer Henry Sy, Sr. with a Lifetime Achievement Award last Dec. 1 at a ceremony held at the Dusit Thani Manila.…
An 80,000 sqm mall has been opened in eastern Metro Manila by Southeast Asian integrated property company SM Prime Holdings. As its 60th mall in the Philippines, SM City East Ortigas reinforces its commitment to continue expanding there given the economy’s…
IT’S inevitable that the world’s first family in footwear, Bata, would partner with the Philippines’s premier retail family, the Sys of the SM Group. “First of all, their whole philosophy is business, their heritage coming from footwear. It’s particularly…
Listed Philippine property developer Double Dragon plans to build a network of 100 neighbourhood style shopping malls across the Philippines by 2020. The company has already opened eight CityMall centres and secured 53 sites to date. The new centres will…
Bo’s Coffee Philippines is set to expand its network of 80 stores abroad. “We will be opening a franchise abroad by the end of this year. Further details of which will be announced in the fourth quarter of this year,” says CEO and founder Steve Benitez…
SM Prime’s SM Seaside City Cebu was recognized recently by the Urban Land Institute (ULI) Philippines Building Healthy Places Awards in the Commercial-Retail category. Building Healthy Places Awards recognize outstanding and innovative projects that add value…
SM Prime Holdings, Inc. has set the interest rate for its Peso-denominated Series F, 10-year retail bonds at 4.2005% per annum. SM Prime will issue an aggregate principal amount of Php10.0 billion of the Series F bonds, which will be offered to investors…
SM Prime CEO, Hans Sy, has announced a semi-retirement. Sy has also served as SM Prime’s president since 2004, while holding key positions in SM subsidiaries and affiliates. Teresita Sy-Coson, vice chairperson of SM Investments – parent company of SM Prime,…
Soon all SM’s retail-related businesses will come under a single umbrella company. The planned SM Retail consolidation is expected to boost sales by 16.6 per cent to Php251 billion. SM Investments Corp, Henry Sy’s holding company, said in an investor…
SM Mall of Asia is set to revolutionize its look 10 years after it opened in Manila Bay. The Philippines’ biggest mall will soon house a FIFA World Cup-size soccer field on the mall’s roof deck and a botanical garden. Miami-based firm Arquitectonica will…
SM Retail sales grew across all operations – which consist of both SM Markets and The SM Store. Total sales grew 8 per cent to P48.8 billion (US$1.0 billion) in the first quarter, while net income rose 16 per cent to P1.5 billion. SM’s food retail business…
SM Prime is opening its 57th mall in the Philippines. SM City San Jose Del Monte will open today. It is the third in the province of Bulacan after SM City Baliwag and SM City Marilao. The new mall will add 101,000 sqm in gross floor area to the total…
The SM Mall of Asia and Museo del Galeon are set to launch the Manila-Acapulco Galleon Museum in Pasay City in the third quarter of 2016. The dome-shaped museum will feature the history of the 250-year old global trade route where the Philippines and Mexico…
Retail king Henry Sy, Sr. remains the Philippines’ richest person, according to the Forbes 2016 Global Billionaires’ list. Sy, 91, has an estimated net worth of $12.9 billion – roughly P562.3 billion – as of this month, making him the world’s 71st richest…
SM Investments Corporation (SM) won two awards for its annual report and maiden Environmental Social and Governance (ESG) Reports during the Public Relations Society of the Philippines’ (PRSP) Gabi ng Parangal 51st Anvil Awards held recently. SM’s first 2014…
The newly opened SM Seaside City Cebu is SM’s third largest mall in the country measuring 430,000 sqm in gross floor area. And the property developer SM Prime describes the mall as one of the Philippines’ most picturesque, showcasing not just architectural…
