As if the Mall of Asia isn’t enough, the SM Group of retail tycoon Henry Sy Sr. plans to give its mall in North Edsa a facelift as it braces for stiff competition from the soon-to-rise Trinoma commercial center of property giant Ayala Land Inc.

Plans of mall developer and operator SM Prime Holdings, Inc. to expand into the China market will primarily depend on how much profit the China venture will contribute to the overall performance of the Sy-led company.

SM Prime Holdings Inc., owned by retail tycoon Henry Sy, Sr., plans to build more shopping alls in China to take advantage to the huge opportunities in the fastest growing economy in the world.

Built for P6.5 billion and twice as large as SM Megamall, the Mall of Asia which opened yesterday, is seen to contribute three to five percent of the company’s total revenues for this year.

The Best and the Cheapest seat to view the framed Manila Bay sunset is no longer the ship-choked Luneta or cluttered Baywalk.

Having built what arguably is Asia’s largest mall, the Mall of Asia, Henry Sy Sr.’s next Mount Everest is China.

Stock: SMPH PMPrice: P8.40Valuation (RNAV) P10.7512mth price target: P9.50Recommendation: Outperform EventSM Prime yesterday opened its largest shopping mall to the public. SM Mall of Asia totals 386,000sqm in gross floor

SM PRIME HOLDINGS INC. OF HENRY SY Sr. is set to expand more aggressively in China after securing a firm foothold in the retail industry in the Philippines.

President Arroyo got an eyeful yesterday at the country’s first IMAX theater featuring rectangular movie screens measuring some eight stories high and 120 feet wide during the inauguration of the

After riding out periods of economic dislocation and political turmoil, Philippine retail king Henry Sy Sr., one of the richest men in Asia, is out to test history again with the Mall of Asia – his biggest and most ambitious project to date – which opens its doors to the public tomorrow (May 21).