SM PRIME Holdings, Inc., the listed mall development unit of the SM Group, will be establishing a presence in Zambales province by launching a mall in Olongapo City on Friday, a disclosure to the local bourse showed on Thursday.

SM Prime Holdings Inc., the country’s leading shopping mall operator and developer, will open today its 42nd shopping mall in the country in Olongapo City.

MANILA, Philippines — Japanese clothing brand Uniqlo said it will open its first store in the Philippines in June at the SM Mall of Asia in Pasay City.

The SM Group has confirmed yesterday that it is acquiring a majority interest in the privately-held property developer Ortigas Holdings Inc. (Ortigas and Co. Limited Partnership).

MANILA, Philippines – The SM Group of retail tycoon Henry Sy Sr. is set to capture the biggest share of the retail market in the burgeoning Ortigas-Pasig-Mandaluyong area with the planned purchase of a majority stake in a privately-held company owned by the landed Ortigas clan.

THE SM Group has confirmed a plan to acquire a controlling stake in the Ortigas family’s holding company, which owns prime mixed-use developments in Metro Manila including the Greenhills shopping complex.

Great shopping, leisure, and entertainment goes to Zambales when SM City Olongapo, SM Prime Holdings’42nd supermall, formally opens its doors to the public tommorow Friday, Feb. 10. Strategically located at Magsaysay Drive corner Gordon Avenue in the city’s Central Business District, the seven-story 40,863 sqm mall will serve customers in Zambales, Bataan, and other nearby provinces.

Watsons Personal Care Stores (Philippines) Inc., a joint venture of SM Prime Holdings and A.S. Watson Group, is eyeing to open more stores in the provinces within the year.

THE proliferation of retail developments along with an influx of domestic and foreign tourists is turning Metro Cebu into a major retail destination in the South, according to real estate advisory firm CB Richard Ellis (CBRE) Philippines.