MALL builder and operator SM Prime Holdings Inc. will spend roughly P900 million for its 28th mall, to be build in Bacolod City in the central Philippines staring in March, Inquirer sources said.

Office rental rates in the Makati central business district are expected to continue rising as new supply remains insufficient to meet growing demand, real estate money management and services firm Jones Lang LaSalle said. In its latest Asia Pacific Property Digest, Jones Lang LaSalle said demand for office space remains strong, driven by the expansion and entry of business process outsourcing (BPO) and information technology-enabled service firms.

Metro Manila’s retail space vacancy rate is expected to remain at 15% until yearend, according to property services firm Colliers International (Philippines), Inc. Colliers Philippines director for Research and Consultancy Richard Raymundo said in an interview yesterday that Metro Manila is already saturated with malls.

HENRY SY SR., the country’s biggest retailer, is about to become the nation’s largest banker.  On November 6, 2006, the respective boards of Banco de Oro (BDO) and Equitable PCIBank

Moviegoers in the country are in for more theater choices as the Sy-led SM Prime Holdings, Inc. aims to open at least two dozen new cinemas within its soon-to-open shopping malls next year.

AN SM Store will reopen its doors Friday, November 17, at the Agana Shopping Center in Guam.

SM Prime Holdings President Hans T. Sy was the guest of honor at the inauguration ceremonies of the basketball gymnasium which the company helped fund for the Association of Volunteer

SUPERMAN and the X-Men helped lift the nine-month profits of SM Prime Holdings Inc., the Philippines’ largest shopping mall and cinema operator said on Tuesday.

Shopping mall giant SM Prime Holdings Inc. posted a net profit of P3.9 billion in the first nine months of the year, up nine percent from the previous level’s P3.6 billion, mainly due to higher revenues from lease operations.

SM Prime Holdings, Inc., the country’s leading shopping mall developer and operator, reported earnings as of third quarter 2006 of P3.9 billion, an increase of 9% from the same period last year.