A new hotel and a convention center will soon rise at the sprawling SM Mall of Asia complex in Pasay City to cater to both international and domestic visitors.

SM Prime Holdings Inc. is looking at the possibility of ringing its first mall, SM City-North Edsa with residential condominium buildings and restructure its Annex building in a two-year redevelopment plan.

SM Supercenter Pasig, the 26th SM Supermall, is set to open on Aug. 18.

SM PRIME Holdings Corp., the retail investment unit of taipan Henry Sy, will launch The Block at SM City North Edsa this weekend. The Block will expand SM North, the company’s pioneer shopping mall and among the most profitable, into the second largest mall in the country next only to SM Mall of Asia.

Cebu City – The SM Group continues to be bullish about Cebu, as indicted by the expansion plans of affiliate companies operating here.

Cebu City – Listed mall developer SM Prime Holdings, Inc. will advance around P50 million in taxes to the Cebu City government to jump-start the rehabilitation of the Cebu North Reclamation Area. With this gesture, SM Prime hopes to encourage the other 125 property owners at the 169-hectare reclamation area to also advance tax payments to the city government in order to finance the rehabilitation and beautification project worth P202.26 million.

Sy-led holding company SM Investments Corp. will embark on a no-deal road show starting next month to drumbeat investors’ interest and update them about the listed firm, Vice-President for investor relations Corazon P. Guidote told BusinessWorld.

North Luzon Railways Corp. (Northrail) is close to signing a deal with the Sy-owned SM group for the construction of commercial centers in at least two of its train stations.

Great shopping goes closer to home when SM Supercenter Pasig, the 26th SM supermall opens on Saturday, July 29.

In the midst of stiffer competition in the toy segment, the toy store of the SM group has offered to deliver its toys to any destination nationwide. Called Toy2Door Delivery,