MALL OPERATOR SM Prime Holdings, Inc. raised P5 billion from fixed-rate notes yesterday to fund capital expenditures.

THE Philippines’ biggest mall owner and operator said its debt paper issuance was oversubscribed despite the volatile market.

MARILAO, Bulacan-The SM malls in Valenzuela, Baliwag arid Marilao yesterday spearheaded a ‘green conference’ for environmental protection dubbed as ‘Green Retail Agenda: Shaping the Future,’ at the Cinema 2 of SM City Marilao.

SM Prime Holdings, Inc., the country’s leading shopping mall developer and operator, reported a seven percent improvement in net income last year to P6.41 billion from P5.97 billion in 2007 due to the opening of new malls.

02 April 2009, Manila, Philippines) SM Prime Holdings, Inc. is pleased to announce the successful completion of its Php 5,000,000,000 Floating and Fixed Rate Notes Facility. The deal was arranged by BDO Capital & Investment Corporation with PNB Capital & Investment Corporation acting as co-lead arranger. The proceeds will be used to fund on-going capital expenditures and for general corporate requirements.

THE Gulayan sa SM City Rosales is launching a Pick and Pay marketing concept, a joint project of the SM City Rosales Mall management, SM Hypermart and Supermarket, SM Foundation Inc. and Harbest Agribusiness Corp., which aims to develop an urban garden area as a showcase for vegetable gardening.

Philippines-based shopping mall chain SM Prime Holdings (SMPH.PSE), a subsidiary of SM Investments Corporation (SM.PSE), plans to open at least eight shopping malls in China by 2010, reports Soufun.com.

MANILA, Philippines – The SM Food Retail Group has pulled out the food products of Samuya Food Manufacturing, Inc. after the Bureau of Food and Drugs (BFAD) suspended the firm’s license.

SM Prime Holdings Inc., which owns 33 SM malls nationwide, said ticket sales of its movie houses slightly increased 0.326 percent—or P6 million—to P1.849 billion in 2008 from P1.843 billion in 2007. It attributed the small increase to the fewer movies shown and the lack of blockbuster pictures last year.

Despite the ongoing global economic slump, the Philippines’ largest shopping mall developer, SM Prime Holdings Inc. (SMPH), intends to continue its expansion across China and the Philippines in the coming year, SMPH President Hans Sy said.