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SM Prime to raise up to P10 billion from bond offer

ABS-CBN News
Posted at Dec 21 03:56 PM

SM Prime is set to raise up to P10 billion funds from the second tranche of its P100 billion bond program, it said on Monday. Read more »

SM to open first mall in Zamboanga City with 'SM City Mindpro'

ABS-CBN News
Posted at Nov 25 12:53 PM

SM Prime on Tuesday said it is set to open its first mall in Zamboanga, its seventh mall in Mindanao called "SM City Mindpro".   Read more »

SM to open first mall in CARAGA region with SM City Butuan

ABS-CBN News
Posted at Nov 11 02:37 PM

SM Prime Holdings said it is set to open SM City Butuan on Friday, its first mall in the CARAGA region. Read more »

SM Investments net income down 54 pct in Jan-Sept period as pandemic bites

ABS-CBN News
Posted at Nov 04 04:06 PM

SM Investments Corporation (SMIC) booked a net income of P15.2 billion in the January to September period, lower by 54 percent from P33.1 billion it posted in the same period last year, the company disclosed to the stock exchange Tuesday. Read more »

SM Prime 9-month income down 48 pct, core business sees 'slight recovery' as restrictions ease

ABS-CBN News
Updated as of Oct 27 12:04 AM

SM Prime Holdings on Monday said its net income for January to September was at P14.4 billion, down 48 percent from its year ago figure as malls and other commercial establishments continue to reel from the impact of the pandemic.    Read more »

SM Investments says H1 net income down 69 percent, within expectations

ABS-CBN News
Posted at Aug 05 03:49 PM

SMIC’s retail, property and banking businesses all saw sharp declines in their incomes as the COVID-19 pandemic and the ensuing lockdowns sapped sales.  Read more »

SM Prime H1 profit down 46 percent as malls rental income hit by lockdowns

ABS-CBN News
Posted at Aug 03 03:58 PM

SM Prime posted a consolidated net income of P10.4 billion in the first half of the year, down 46 percent from the same period in 2019 as the COVID-19 pandemic disrupted mall operations. Read more »

SM Prime to 'conserve' resources while seeking growth during pandemic

ABS-CBN News
Posted at Jun 16 09:07 AM

The shopping mall and property holding arm of the SM Group told shareholders Tuesday it would focus on "financial flexibility" to ride out the coronavirus pandemic, as it declared P5.34 billion in dividends. Read more »

SM Prime eyes 'win-win solution' for partners as COVID-19 quarantine shuts malls

ABS-CBN News
Updated as of Mar 16 03:21 PM

SM Prime Holdings said Monday it was eyeing a win-win solution for its business partners as mall operations temporarily shuts down during the community quarantine to contain the COVID-19 pandemic.  Read more »

SM Prime consolidated net income up 18 percent in 2019

ABS-CBN News
Posted at Feb 17 03:44 PM

SM Prime Holdings said its consolidated net income rose 18 percent to P38.1 billion in 2019 from P32.2 billion in 2018, the company said on Monday.  Read more »

New SM Supermalls president Tan led shift to premium

ABS-CBN News
Updated as of Jan 28 09:24 AM

Tan's new role as president of Shopping Center Management Corp or SCMC is a "step up" from his former COO role, SM Prime told the stock exchange. Read more »

Harrison Plaza sees last day as 2019 ends

ABS-CBN News
Posted at Dec 31 03:44 PM

Harrison Plaza ceased commercial operations Monday, as the SM Group - one of the Philippines' largest conglomerates - begins to transform the capital city's first major mall into a mixed-use development. Read more »

Mga suki dagsa, nagbalik-tanaw sa isasarang Harrison Plaza

ABS-CBN News
Posted at Dec 31 02:43 PM

Kahit bisperas ng Bagong Taon, minabuti ng ilang mga naging suki ng Harrison Plaza na bisitahin ang establisimyento para makita ito at makapagpa-picture bago tuluyang isara sa Enero 1.   Read more »

SM Prime to open third mall in Pangasinan

ABS-CBN News
Posted at Oct 02 01:02 PM

SM Center Dagupan is the group's 74th mall in the country, SM Prime said in a disclosure to the stock exchange. Read more »

Stay 'humble, hungry': Henry Sy's grandson shares business advice from family

Jessica Fenol, ABS-CBN News
Updated as of Aug 16 03:27 PM

In the family-run conglomerate, "there is never pwede na (good enough)," and the Sys are encouraged to innovate to grow their shopping mall, banking and retail empire, said Hans Sy Jr. Read more »

SM Prime's net income up 16 percent in Q2

ABS-CBN News
Updated as of Jul 15 03:58 PM

SM Prime Holdings Inc on Monday said its second quarter net income grew 16 percent to P10.50 billion from P9.02 billion in the same period the previous year.  Read more »

SM Prime 'exploring' high-end space, taps Federal Land

Michelle Ong, ABS-CBN News
Posted at Jul 05 03:50 PM

SM Prime tapped Federal Land for a project involving a “very prime property” in Makati, its chief financial officer John Ong told ANC. Read more »

SM Investments net income up 26 percent in Q1

ABS-CBN News
Posted at May 09 02:55 PM

SM Investments Corporation said Thursday it posted a net income of P10.7 billion in the first quarter of 2019, up 26 percent from the same period last year. Read more »

SM Prime net income rises 16 percent in Q1

ABS-CBN News
Posted at May 06 04:21 PM

Net income attributable to shareholders reached P8.8 billion in the first quarter, compared to P7.6 billion during the same period in 2018., SM Prime said in a stock exchange filing. Read more »

SM Prime to expand mall footprint in China

ABS-CBN News
Posted at Apr 24 11:29 AM

It plans to built a mall in Yangzhou City in the province of Jiangsu, which will add approximately 220,000 square meters to its current footprint, SM Prime told the stock exchange.  Read more »