11 Feb

2008

SM Prime profit hits P6 B in 2007

Top mall developer and operator SM Prime Holdings, Inc. posted a 10 percent growth in net income to P6 billion in 2007 from the previous year’s P5.4 billion. The firm

11 Feb

2008

SM Prime profit up on rentals, new malls

THE Philippines’ largest mall owner and operator said last year’s profits went up on the back of higher mall space rentals as it added three new malls and expanded existing

11 Feb

2008

Property companies record double-digit growth in 2007

PROPERTY FIRMS posted double-digit growth in 2007 as they added more projects and controlled expenses.  Ayala Land, Inc. (ALI), the country’s largest property developer, said on Friday that it posted

11 Feb

2008

SM Prime net income hit P6B in ’07 on new malls

SM Prime Holdings Inc. said its net income grew 10 percent to P6 billion in 2007 from P5.4 billion in 2006 with the entry of new malls. In a statement,

11 Feb

2008

Mall firm earns on higher rental revenues

THE Philippines’ largest mall builder and operator said earnings last year rose on increased rental revenues brought about by three new shopping centers it opened and expanded in 2007. Ticket

11 Feb

2008

SM Prime income up 10% to P6B in ’07

Shopping mall giant SM Prime Holdings Inc. reported a 10 percent rise in net profit last year, driven by the opening of three new malls and the expansion of three

07 Feb

2008

SM, Carlson Hotels tie up for 2 projects

SM Investments Corp. (SMIC), the investment holding firm of the family of retail tycoon Henry Sy, has signed an agreement with Singapore-based Carlson Hotels Worldwide – Asia Pacific for the

07 Feb

2008

Singapore firm to run 2 SMIC hotels

SM Investments Corporation has entered into a management agreement with Singapore-based Carlson Hotels Worldwide — Asia Pacific for the operation and management of two hotels worth P2.4 billion. In a

04 Feb

2008

Four SM malls offer Internet access; more to follow

RIDING ON the wireless technology wave, leading mall operator SM Prime Holdings, Inc. is planning to offer wireless Internet connections in all its malls after successful pilot-tests last year.  The

04 Feb

2008

Watsons raises capital to P665M

Watsons Personal Care Stores (Philippines) Inc., a joint venture between the SM Group of Companies and Hong Kong-based A.S. Watson & Co. Ltd., is raising its capitalization to P665 million

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