Tag Archives: SM

SM opening mall in Puerto Princesa

SM Palawan

(Source: Inquirer.net | September 13, 2017) Property giant SM Prime Holdings Inc. has gained a foothold in Palawan with the opening of a new shopping complex in the coastal city of Puerto Princesa, marking the 64th in its chain of shopping malls. SM City Puerto Princesa – SM Prime’s first premier mall in the country’s largest province which is a ...

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SM Group to sell insurance in malls

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(Source: Inside Retail Philippines | September 11, 2017) The SM group has opened up its shopping malls as a pioneering sales platform for insurance, starting with basic products like compulsory third-party liability (CTPL), travel and dengue insurance. Eventually, the plan is to broaden the offer to cover pets, motorcycles and even insurance for cancelled weddings. The group has teamed up ...

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SM China wins award for fifth year

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(Source: Inside Retail Philippines | May 26, 2017) SM Investments Corporation (SM) has been honored in the Global Chinese Business 1000 Awards for Outstanding Performance. It is the fifth year that SM China has received the award from Yazhou Zhoukan (YZZ), a leading Chinese business magazine behind the awards. “We are truly honored and grateful to be recognized once again ...

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SM Prime Southeast Asian expansion plans afoot

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(Source: Inside Retail Asia | 24 April 2017) SM Prime Southeast Asian expansion plans are imminent, judging by a chance interview with the company’s chairman. The Philippine property company already operates 60 malls in its home market and a growing portfolio in China, currently standing at seven. A foray into Southeast Asia has long been whispered and shareholder expectation rose ...

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SMIC acquires minority stake in 2Go Group

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  (Source: Philippine Star | 1 April 2017) SM Investments Corp. (SMIC) has entered the logistics business with its acquisition of a minority stake in 2Go Group Inc. SMIC said yesterday it completed the purchase of a 34.5 percent stake in 2Go, the country’s largest integrated supply chain operator. “We are pleased with this opportunity to invest in a fast ...

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SM Simply Shoes targets 100 stores

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(Source Inside Retail Philippines | 1 March 2017) Retail chain SM will help its footwear affiliate SM Simply Shoes reach a total of 100 stores across the Philippines by the end of next year. SM Simply Shoes has 24 outlets since opening in September 2014, and aims to reach its 60th store by the end of this year, says SM ...

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SM opening 4 malls in 2017

SM Retail

(Source: Inquirer.net | 16 January 2017) Property giant SM Prime Holdings Inc. is set to open four new Philippine shopping malls with a combined gross floor area of 292,000 square meters (sq m) this year, cementing its market leadership in the retail property space. SM Prime—now the most valuable company in the local stock market and a leading property developer ...

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SM City Tianjin opens

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(Source: Inside Retail Asia | 22 December 2016) SM Prime Holdings says it has opened its giant new SM City Tianjin shopping centre. But some property industry sources are expressing concerns that the second-tier Chinese city is already over-malled and wondering how the centre will fare. “The Philippines biggest retail developer must be hoping that Christmas is catching on in ...

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Like Father, Like Daughter: SM Vice Chairperson Teresita Sy-Coson is Man of the Year

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(Source: SM Investments Corp. | 13 December 2016) Ms. Teresita Sy-Coson received this year the prestigious Man of the Year award from the Management Association of the Philippines (MAP), the same great honor bestowed on her father, retail pioneer Henry Sy, Sr. 17 years ago. Mr. Sy, in his acceptance speech then said that the “day will come when I ...

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Sy Sr. first Filipino Lifetime Achievement awardee of int’l entrepreneurship NGO

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(Source: SM Investments Corp. | 13 December 2016) Malaysia-based Enterprise Asia, a non-governmental organization which organizes the world-class Asia Pacific Entrepreneurship Awards (APEA), recently honored SM founder and retail pioneer Henry Sy Sr. with a Lifetime Achievement Award at a ceremony held at the Dusit Thani Manila. Sy is the first and only Filipino to receive the Lifetime Achievement Award,  ...

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