SM Group’s Premium Leisure Corp. (PLC) and food and beverage unit RFM Corp. said Wednesday they would be paying cash dividends to their respective stockholders amid a surplus in unrestricted retained earnings.

THE Henry Sy-led SM Prime Holdings Inc.’s lifestyle and entertainment arm is expecting cinema-ticket sales to grow between 6 percent and 8 percent this year, following the upgrade of its existing movie houses, the opening of more branches and the launch of a new theater format.

World-famous pop superstar Madonna took time off rehearsals for her two-night concert in the Philippines to spend time at a shelter for homeless children in Manila on Tuesday.

Custom-made stage, other equipment flown in by 3 Boeing jets

(2nd UPDATE) The Queen of Pop arrives in Manila days before her concert and posts a selfie with the children of Bahay Tuluyan, a center for orphans and street children

MANILA – SM Prime Holdings Inc. reported a 54 percent increase in its net income in 2015 driven by the continued strong performance of SM malls.

SM PRIME Holdings, Inc. got a boost from extraordinary trading gains to lift net income by more than half last year, with recurring earnings growing at a sustained double-digit pace as the Henry Sy-led property developer rides on the strong consumer spending in the country.

SM Prime Holdings Inc. saw its consolidated net income increase by more than half in 2015, driven by the strong performance of its mall business.

SM Prime Holdings, Inc. (SM Prime), the Philippines’ leading integrated property company, reported a 54 percent surge in consolidated net income to P28.3 billion last year, boosted by P7.4 billion one-time trading gains on marketable securities booked in the first quarter of the year.

REGIONAL property giant SM Prime Holdings Inc. grew its net profit last year by 54 percent to P28.3 billion, buoyed by one-time trading gains on securities booked early in the year.