Nov. 9 (Bloomberg) — SM Prime plans capex of $1.5b next year and $1.9b in 2015, Philippines’ largest mall operator says in stock exchange filing.

• Co. plans to fund $3.4b capex requirement through cash, debt  and equity; says capex includes budget for landbank

• 2013 capex budget at $1.4b, while co. spent $0.8b in 2012

• SM Prime strategy going forward includes acquisition of strategic landbank, leverage on malls, optimize existing properties, rollout development of business process outsourcing offices

• NOTE: SM Prime to spend 41b pesos in 2014-2015 on malls {NSN MVVKLZ6TTDT8 }