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Topic: SM Prime Holdings


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In the News (Sun 26 May 13)

  
  The Manila Times Internet Edition | BUSINESS > SM Prime sees profit rising by double-digits
SM Prime Holdings Inc. said profits this year are poised to grow by double digits, as the Philippines’ largest mall developer and operator saw first-quarter revenues rising by a quarter.
SM Prime will spend P7 billion for a number of projects to include the construction of a planetarium within a science museum inside the SM Mall of Asia in Pasay City, and the expansion of the SM North Edsa.
SM North Edsa is undergoing expansion at a cost of P1.8 billion, with the company poised to demolish the existing Annex building to give way to a bigger facility.
www.manilatimes.net /national/2007/apr/24/yehey/business/20070424bus3.html   (417 words)

  
  SM Prime Holdings - Wikipedia, the free encyclopedia
SM Prime Holdings, Inc. (PSE: SMPH) is part of the SM Group of Companies, one of the largest conglomerates in the Philippines with interests in commercial property development, shopping mall operations, retail/wholesale and merchandising, banking and financial services, and leisure/tourism and real estate development.
As of 2006, SM Prime Holdings, Inc. is embarking on an aggressive expansion program within the next five years.
This is SM Prime Holdings, Inc.’s most extensive project to date.
en.wikipedia.org /wiki/SM_Prime_Holdings   (531 words)

  
 SM Megamall - Wikipedia, the free encyclopedia
It is located in Mandaluyong City, and owned and operated by SM Prime Holdings under the management of Henry Sy, a Chinese immigrant to the Philippines.
The status of SM Megamall as the biggest Philippine shopping mall was lost upon the inauguration of the SM Mall of Asia, also owned by SM Prime Holdings, which opened on May 21, 2006.
SM Megamall is now the 16th largest mall in the world.
en.wikipedia.org /wiki/SM_Megamall   (213 words)

  
 Raking it in
SM Prime Holdings and the Robinsons group of taipan John Gokongwei Jr.
SM currently operates 12 malls at present — five of them outside of Metro Manila — with a combined total of over 3,000 tenants and a hundred cinemas.
SM is also set to open next year the P7-billion Mall of Asia, which will be a part of a sprawling mixed-use complex in a Manila Bay reclamation area.
www.pcij.org /imag/SpecialReport/mallprofits.html   (807 words)

  
 Philippinenews.com
For Hans T. Sy, president of SM Prime Holdings, the commercial development arm of the SM group of companies, it is not a matter of following in his father’s footsteps, but rather creating his own path, one that he hopes will make his old man proud.
SM Investments is the mother company of the group, which includes sister companies like Banco de Oro and Chinabank; SM Development Corp. which builds residential condominiums; SM department stores and its growing list of brands like Watsons; and SM Prime Holdings.
SM went from being a simple shoe emporium to a department store to bigger and bigger malls until today the Mall of Asia is considered as one of the biggest malls in this part of the world.
www.philippinenews.com /news/view_article.html?article_id=def644421b52569b9af455b832cfa0ff   (945 words)

  
 The Manila Times Internet Edition | BUSINESS > SM Prime considers China foray
SM Prime Holdings Inc., the Philippines’ biggest mall developer and owner, said it is “seriously considering” putting up “multiple development projects” in China.
The SM Prime executive said the company’s primary consideration is whether the project would bring an additional 8 percent to 9 percent to its bottom line.
With the possible entry of SM Prime, the company would be seeking majority control of any joint venture agreements, he said.
www.manilatimes.net /national/2006/may/22/yehey/business/20060522bus12.html   (227 words)

  
 CNN.com - Philippine mall tycoon faces plunder charge - March 12, 2002
Sy was also accused of understating the value of three of the five land parcels transferred to SM Prime, and that he had increased the company's authorized capital stock without declaring the increase in paid-up capital to the Securities and Exchange Commission.
SM Prime is a publicly listed company with one of the largest market capitalizations in the Philippine Stock Exchange.
SM Prime's Lim said that the international magazines "Asia Money and Euro Money had voted SM Prime as the best managed company in the Philippines," in their December-January and February issues.
edition.cnn.com /2002/BUSINESS/asia/03/12/philippines.tycoon   (406 words)

  
 Sun.Star Iloilo - Treñas pursues talks with SM Prime Holdings
At the moment, he said last week, no case should be filed against SM Prime Holdings for the collection of its deficiency in the building permit fees.
According to Treñas, the SM Prime Holdings is willing to pay, but not the amount demanded of the City.
SM Prime Holdings is willing to pay only P3 million, or less than half of the amount, Treñas informed.
www.sunstar.com.ph /static/ilo/2003/02/17/news/tre.as.pursues.talks.with.sm.prime.holdings..html   (285 words)

  
 Mall Magnates
On top of a fixed monthly rent, retailers at SM malls are charged a percentage of their gross sales - five percent for a clothing store, 20 percent for a fast-food operator, and up to 50 percent for an amusement center.
While the SM Group is considered the biggest mall operator in terms of total mall space, the Ayala Group is the only one that could boast of a consistent 100-percent occupancy rate for all its retail outlets.
Unlike the SM Group which is more focused on mall and property development, the Ayala Group has vast interests in property development (Ayala Land), banking (Bank of the Philippine Islands and BPI Family Bank), telecommunications (Globe Telecom), utilities (Manila Water Services), information technology, and other services.
www.pcij.org /imag/SpecialReport/mallmagnates.html   (979 words)

  
 The Manila Times Internet Edition | BUSINESS > SM Prime to build more malls
SM PRIME Holdings Inc., the Philippines’ biggest mall operator, is eyeing to build four malls next year, with financing seen to come from internally generated funds and borrowings.
Jeffrey Lim, SM Prime chief financial officer, told reporters that the company is earmarking P5 billion for the projects, three of which would be built outside Metro Manila and the last in the National Capital Region.
The company is also scheduled to open SM City Lipa on September 22, launching 27 malls by the year-end with a gross floor area of 3.6 million square meters.
www.manilatimes.net /national/2006/aug/22/yehey/business/20060822bus12.html   (237 words)

  
 BW Research: Stock Picks
SM Prime’s oldest mall has an average daily foot traffic of 315,000 people, accounting for 15% of two million individuals that visit SM Prime’s 25 malls daily.
The opening of The Block is expected to strengthen SM Prime’s footing in the area.
SM Prime said revenues expanded by 17.34% to P6.09 billion from P5.19 billion in the previous year.
www.bworld.com.ph /Research/stockpicks.php?id=0048   (606 words)

  
 SM  GROUP TO  BUILD  2 MORE  MALLS  IN  CHINA,  TO  EXPAND ASIAN  MARKETS
SM Prime senior vice-president Jose T. Sio said the company is expected to post a 10 to 14 percent growth in profits in 2004 as it continued to benefit from increased consumer spending.
SM Prime registered consolidated revenues of P8.8 billion in 2003 or an increase of 10 percent from only P8.01 billion.
SM Mall of Asia is envisioned as the country’s premier shopping destination and tourist attraction and the biggest shopping mall in the country.
www.newsflash.org /2004/02/be/be003088.htm   (616 words)

  
 SM Prime Holdings
SM Prime Holdings Inc. (SMPHI) president Hans Sy has said the company is willing to wait on its plan to take full control over the 295-hectare (ha) South Road Properties (SRP) in Cebu City.
SM Prime sets aside P35 B to continue expansion binge Top mall developer SM Prime Holdings Inc. is spending P35 billion over the next five years for the construction of new malls as well as the expansion or renovation of existing malls nationwide.
SM Prime Holdings Inc. is setting aside P35 billion over the next five years for the construction of new malls and expansion of existing ones as it seeks to further strengthen its dominant foothold in the shopping mall industry.
www.smprime.com /NewsArchive.php?page=1   (281 words)

  
 ZION CEBU REAL ESTATE: RESOURCES: SUNSTAR ARTICLE   (Site not responding. Last check: 2007-10-21)
However, SM Prime Holdings Incorporated had the last laugh because its PhP 4.18 billion in profit was significantly larger than ALI’s PhP 2.71 billion in the same period.
Both Ayala Land Incorporated and Laguna Properties Holdings Incorporated are part of the Ayala group of companies.
In terms of profitability, the most profitable after SM Prime and Ayala Land were Mermac Incorporated with PhP 1.57 billion in profit and Philippine Hydropower Corporation (PhP 739 million), although the latter ranked only 19th in sales.
www.zioncebu.com /resources-articles-041215.html   (295 words)

  
 ABS-CBN Interactive
SM Prime Holdings Inc., the country's largest mall developer and operator, said on Monday its net income grew 8 percent in the first quarter from a year earlier, helped by additional revenues from new malls.
SM Prime, which owns and operates 24 shopping centers across the archipelago, said it posted net income of P1.34 billion ($26 million) in January to March against P1.24 billion a year earlier.
SM Prime saw a drop of around 64 percent in interest and dividend income in the first quarter due to higher interest costs after the company's P5 billion private placement of five-year and seven-year fixed rate notes last year.
www.abs-cbnnews.com /storypage.aspx?StoryId=38019   (1083 words)

  
 ABS-CBN Interactive
SM Prime Holdings Inc., the country's largest mall developer and operator, said on Friday its net income climbed 8.5 percent in the first half from a year earlier as the opening of new malls boosted revenue.
SM Prime, the country's eighth most valuable firm with a market cap of $1.5 billion, said it posted net income of P2.62 billion ($51 million) in January to June against P2.41 billion a year earlier.
SM Prime was untraded from its close on Thursday at P8.10 pas of 10:48 a.m.
www.abs-cbnnews.com /storypage.aspx?StoryId=46439   (717 words)

  
 SM Investments
SM Hypermarket is an innovative, rapidly-growing retail chain, offering unbeatable convenience through its targeted balance of wet market, grocery, general merchandise, and discount products, all under one roof.
SM Development Corporation is a fast-growing residential property developer focusing on the premium middle market, expertly balancing key housing factors of quality, style, durability, and affordability.
SM BayCity is an alternative business and tourism district, and is the home of the world's third largest mall, the SM Mall of Asia.
www.sminvestments.com   (592 words)

  
 :: Malaya - The National Newspaper ::
SM Prime Holdings, Inc. (SM), Henry Sy, Sr.’s mall operating arm, plans to invest P35 billion more in the next 5 years, putting additional malls as it expands outside Metro Manila.
SM president Hans T. Sy, said priority projects this year include the renovation of SM North EDSA, the expansion of Mall of Asia and three other provincial malls, and opening of two other malls in Taytay and Marikina.
SM vice-president for finance and administration Jeffrey Lim meanwhile said first quarter revenues this year will jump 25 percent with the sales of Mall of Asia and other five malls included.
www.malaya.com.ph /apr24/busi2.htm   (427 words)

  
 SM Department Store
SM positioned itself for growth in the 1980s, diversifying into the supermarket and appliance store business.
SM emerged as a key player in the shopping center industry, giving rise to the malling phenomenon in the Philippines.
Today, SM is a dynamic group of companies with core business in the retail merchandising and shopping center industries.
www.smdeptstore.com /aboutus.asp   (254 words)

  
 News | TimesDaily.com | TimesDaily | Florence, Alabama (AL)   (Site not responding. Last check: 2007-10-21)
SM Prime decided to move the opening date to March 3, 2006.
SM Prime however decided to move the opening to May 21 of that year.
Jeffrey Lim, corporate information officer of SM Prime Holdings, emphasized that a rescheduling of the mall's opening was made to give the company an opportunity to allow more tenants to open shops and denied that the change was due to structural defects.
www.timesdaily.com /apps/pbcs.dll/section?category=NEWS&template=wiki&text=SM_Mall_of_Asia   (1183 words)

  
 CNN.com - Philippine mall tycoon faces plunder charge - March 12, 2002
Sy was also accused of understating the value of three of the five land parcels transferred to SM Prime, and that he had increased the company's authorized capital stock without declaring the increase in paid-up capital to the Securities and Exchange Commission.
SM Prime is a publicly listed company with one of the largest market capitalizations in the Philippine Stock Exchange.
SM Prime's Lim said that the international magazines "Asia Money and Euro Money had voted SM Prime as the best managed company in the Philippines," in their December-January and February issues.
archives.cnn.com /2002/BUSINESS/asia/03/12/philippines.tycoon/index.html   (406 words)

  
 SM Group’s new corporate office -The headquarters of the 21st century : FUJITSU Philippines
SM Group needed a PABX to be used in its main office in Roxas Boulevard, Pasay City.
The SM Group through its member company, SM Prime Holdings, Inc., has been acquiring strategically located tracts of land for mall development purposes since it was incorporated in January 1994.
Indeed, SM Group inevitably responded to these significant movements because its commitment to contribute to national development has been consistent with an end view in mind.
www.fujitsu.com /ph/casestudies/sm-group.html   (1317 words)

  
 SkyscraperCity - View Single Post - SM Central Business Park; SM Mall of Asia, MAITRADE Center, OneE-comCenter -Thread ...
SM PRIME Holdings Inc said it has postponed until May the opening of its Mall of Asia, the biggest of its more than 20 shopping malls.
SM Prime originally planned to open the 60-hectare complex in December, but subsequently postponed the opening until the first quarter of this year, citing bad weather that delayed the delivery of some construction materials.
SM Prime opened three new malls last year, another one last week, and is set to open four more before the end of the year.
www.skyscrapercity.com /showpost.php?p=7467993&postcount=125   (257 words)

  
 SM Cinema
SM Cinema, under the management of West Avenue Theatres Corporation and one of the affiliates under the country's leading mall developer and operator, SM Prime Holdings, Inc., is proud to be the largest cinema exhibitor in the country today.
SM Cinema's enthusiasm for embracing change manifests itself as it introduced last May, 2006 a first and a breakthrough in the local entertainment scene—the technologically advanced and visually stunning San Miguel Coca-Cola IMAX Theater.
SM Cinema continues its pursuit for excellence and bona fide satisfaction on total entertainment by opening its doors not just to movies but also to concerts and other live events.
www.smcinema.com /profile.aspx   (438 words)

  
 Pinoy Cosplay - The Filipino Cosplay Community -> Cosplay @ Toy Kingdom Mall of Asia
SM Mall of Asia is a shopping mall to be opened on May 21, 2006 [1] (originally on August 30, 2005) and would be the Philippines' largest mall in terms of gross floor size.
It is owned and operated by SM Prime Holdings, under the management of Henry Sy, a Chinese immigrant to the Philippines.
Jeffrey Lim, corporate information officer of SM Prime Holdings, emphasized that a rescheduling of the mall’s opening was made to give the company an opportunity to allow more tenants to open shops and denied that the change was due to structural defects.
pinoycosplay.com /index.php?showtopic=835   (1289 words)

  
 BlogSpot Posting: Pinoy Malling at SM ShoeMart
SM Prime Holdings, Inc. is part of the SM Group of Companies, one of the largest conglomerates in the Philippines with interests in commercial property development, shopping mall operations, retail/wholesale and merchandising, banking and financial services, and leisure/tourism and real estate development.
SM Prime will provide one-stop shopping, dining, amusement, and entertainment convenience to meet the needs of a broad range of consumers in the Philippines.
SM Prime will continue to acquire strategically located tracts of land for mall development purposes.
www.accesspinoy.net /blog/icon/01260602.asp   (741 words)

  
 GMA   INAUGURATES   SM's  'MALL  OF  ASIA'
Henry Sy Sr., founder and chairman of SM Prime Holdings Inc., Manila Archbishop Gaudencio Cardinal Rosales and Pasay City Mayor Wenceslao "Peewee" Trinidad assisted the President.
SM Prime Holdings president Hans Sy escorted the President and briefed her on the features of the Mall of Asia — which the SM group of companies aims to turn into the premiere destination mall in the Asia-Pacific region.
The commercial complex, which measures more than 400,000 square meters, is SM Prime Holdings’ 25th supermall project and the company’s most ambitious to date.
www.newsflash.org /2004/02/pe/pe003910.htm   (896 words)

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