Nov. 7 (Bloomberg) — SM Prime to spend 23b pesos of 41b pesos budget to build, expand Philippine malls, rest of budget will go to malls in China, Corazon Guidote, SVP at parent SM Investments says in briefing in Manila. 

*SM PRIME’S LIM: FULL INTEGRATION OF PROPERTY ASSETS IN 6 M OS.

* SM Prime to spend 20.2b pesos for residential projects next year; to have 50 Philippine malls by end-2014, 7 malls in  China by end-2015, Guidote says

  * NOTE: SM Prime 9-month profit rose 14% on opening of new malls {NSN MVPZES6K50Y4 }