LOCAL DEVELOPERS are finding pockets of opportunity to build new hotels in Metro Manila on the strength of strong economic activity despite concerns of a glut.

Manila – Philippine conglomerates, flush with cash and confidence, are seeking to transform themselves into regional players in fields from food and beverages to real estate by going on an acquisition spree.

Philippine billionaire Henry Sy’s SM Prime Holdings Inc. said it received invitations to bid on Chinese property companies and assets, though the developer is holding off because asking prices are too high.

SMPHI, an affiliate of the SM Investments Corp. (SMIC), is plunking down P4 B for the Tri-tower Four E-com Center at the Mall of Asia Complex.

Hans Sy.  Photographer: Nana Buxani/Bloomberg Philippine billionaire Henry Sy’s SM Prime Holdings Inc. said it’s received invitations to bid on Chinese property companies and assets, though the developer is holding

SM, through its entertainment arm, SM Lifestyle Entertainment Inc. (SMLEI), inked a partnership to fully support the National Basketball Training Center (NBTC) as it develops its grassroots program to build athletes who may potentially excel as the Philippines’s representatives in the global arena.

In line with the recent Conference of Parties (COP), also known as the COP21, 2015 Paris Climate Conference, the Embassy of France recently held a special screening of the French documentary film La Glace Et Le Ciel (Ice and the Sky) at the SM Mall of Asia Cinema.

CAUAYAN CITY, Isabela – In support to the many exciting events of the Department of Education (DepEd) regional office, the SM City Cauayan has hosted some of the events for the annual “Festival of Talents” here recently.