SM Prime Holdings President Hans Sy and Laguna Gov. Jeorge ‘E.R’ Estregan Jr. agree to build the fourth SM in Laguna at Pagsanjan, the tourist capital of the province. Estregan expects the project to generate some 20,000 jobs in 2010 when the mall becomes in operation. The first SM mall built in Laguna is in Sta. Rosa City and the 2nd in Calamba City and the 3rd is in San Pablo City.