MANILA, Philippines – The newly merged property units of Henry Sy-led groups will use their different business strands to develop lifestyle developments bigger than their current flagship integrated complex, the Mall of Asia (MOA) in Pasay City.

MANILA, Philippines – SM Prime Holdings Inc., the surviving entity in the mega-merger of the SM Group’s property businesses, is crafting an integrated expansion program outlining strategies to sustain the growth of the largest property developer in Southeast Asia, top executives said.

MANILA – Shareholders of SM Prime Holdings Inc today approved a plan to consolidate Henry Sy’s property businesses under the shopping mall developer.

Tycoon Henry Sy’s SM Group is allocating a combined 2013 capital spending of P60 billion for all the property businesses it intends to merge within this year. “Right now, what

Baguio City — SM Prime holdings Corp. will allot at least P2 million to spruce up Burnham Park.

Mayor Mauricio Domogan on Friday signed an agreement with SM Prime president Hans Sy covering the project.

Karren Padilla, SM City regional public relations manager, said joint undertaking is part of the retail chain’s contribution to realize the masterplan pushed by the University of the Cordilleras.

“SM will be undertaking the beautification and landscaping project at its own expense,” she said.

Among the improvements are an expanded children’s playground, additional benches and tables at the picnic area, lighting fixtures, permanent fence and repair of the drainage system.

According to Padilla, aid SM will take of planning and implementation while the city government works out the council resolution along with permits and other clearances.

Once the project is completed, SM will turn over the management, administration and operation of the children’s ’playground to the city government.

“With the unity and cooperation of our people and our corporate partners, we will surely go a long way in terms of improving the state of our parks in the future so that more people will be enticed to frequently visit our city,” Domogan said.

He has instructed the city environment and parks management office to coordinate with SM management to enable the project’s completion in time for the peak vacation season.

July 7, 2013 — THE Baguio City Government and SM Prime Holdings (SMPH) Inc. signed a Memorandum of Agreement (MOA) Friday to rehabilitate and improve the Children’s Playground inside Burnham Park.

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