and SM Prime Holdings - updates

Rappler's latest stories on and SM Prime Holdings

ARTICLE FINDER

SM Prime Holdings adopts Parañaque River, estuary

Apr 02, 2019 - 4:40 PM

SM Prime Holdings will help the government improve the water quality of the Parañaque River and Estero de Gallina to the point where they can support aquatic life

Environment Secretary Roy Cimatu visits an informal settlement along Estero de Gallina in Pasay City, where some 140 families currently reside in. These families will be relocated by the government. Photo by Anna Mogato/ Rappler

Olongapo mayor, execs to defy suspension order

Aug 07, 2018 - 8:00 AM

Olongapo City Mayor Rolen C. Paulino says the Ombudsman’s decision to suspend them for 6 months over misconduct is unfair

DEATH OF DEMOCRACY? Supporters of Olongapo Mayor Rolen Paulino brought in front of city hall 3 signifying the death of democracy in Olongapo. Photo by Randy Datu/Rappler

Ombudsman orders 6-month suspension of Olongapo mayor, city officials

Jul 11, 2018 - 7:12 PM

The complaint against Olongapo Mayor Rolen Paulino, Vice Mayor Aquilino Cortez Jr, and members of the city council stems from the city government's approval of the long-term lease of government land to SM Prime Holdings Incorporated

OLONGAPO CHIEF. Olongapo City Mayor Rolen Paulino and other city officials face a 6-month suspension over with city government's lease agreement with SM Prime Holdings Incorporated. Photo from Mayor Rolen Paulino's Facebook page

Henry Sy Jr retires early from NGCP

Mar 07, 2018 - 5:00 PM

The son of the country's richest man leaves the National Grid Corporation of the Philippines 'to focus on his real estate business'

SM Center Imus set to open in Cavite

Feb 14, 2018 - 3:30 PM

The 13,000-square-meter mall is SM Prime's 6th in Cavite and will open its doors on Friday, February 16

SM Center Pulilan set to open in Bulacan on December 1

Nov 29, 2017 - 9:20 PM

It will be SM Prime's 4th mall in Bulacan and its 66th in the Philippines

Photo from SM prime

SM Prime income surges 16% on steady mall rental, residential sales

Nov 06, 2017 - 9:35 PM

SM Prime attributes revenue growth to higher rental revenues, steady improvement in same-mall-sales, and higher contribution from residential sales

65TH. SM Center Tuguegarao Downtown is the Sy family's 65th mall in the Philippines. Photo by Raymon Dullana/Rappler

After a decade, construction of MRT-LRT Common Station to begin in September

Sep 19, 2017 - 9:10 PM

The coveted project has seen 3 transportation secretaries come and go. Finally, the construction will start on September 29.

FAST FACTS: SM Investments Corporation

Jun 28, 2017 - 7:45 PM

Here's what every consumer should know about SM Investments Corporation, the conglomerate of the Philippines' richest man

20 Philippine companies in Nikkei's top 300 Asian firms list

Jun 18, 2017 - 11:10 PM

SM Prime and Universal Robina make it to the top 30 while Bloomberry – the owner of Solaire Resort and Casino – joins the list for the first time

ASIA'S BEST. SM Prime Holdings Incorporated and Universal Robina Corporation made it to the top 30 of Nikkei's Asia300

Why SM Investments lost P73 billion in a day

Mar 10, 2017 - 9:37 PM

SM Prime Holdings Incorporated overtakes SM Investments as the country s most valuable listed company in terms of market capitalization

SHARP DROP. The drop in SM shares dragged the Philippine Stock Exchange index (PSEi), which fell 149.18 points or 2.05% to close at 7,146.27 on Friday, March 10.

Property, banking fuel SM Investments' net income

Mar 01, 2017 - 9:10 PM

The Sy family s property and banking businesses continue to drive their conglomerate s financial performance

UPBEAT. SMIC says its property unit accounted for 39% of total earnings in 2016, with banks comprising 37% and retail 24%. Photo by Chrisee Dela Paz/Rappler

Senators convinced 'best' location achieved for MRT-LRT common station

Feb 13, 2017 - 7:00 PM

But the Senate committee wants someone to be held liable for the P200 million naming rights contract of SM Prime which caused the almost 8 year delay of the project

PROBE INTO COMMON STATION. Senator Grace Poe, chair of the Committee on Public Services on Monday, February 13, 2017, leads probe into the MRT-LRT Common Station deal. Senators JV Ejercito and Sherwin Gatchalian also attended the hearing. PRIB Photo by Cesar Tomambo.

Vitangcol eyes charges vs DOTr execs over MRT-LRT common station

Jan 19, 2017 - 6:51 PM

Former MRT3 chief Al Vitangcol III claims transportation officials violated the procurement law when they allowed a compromise deal on the common station

TURNING AGAINST DOTR. While answering to his multiple graft charges before Sandiganbayan, dismissed MRT3 General Manager Al Vitangcol wants to sue officials of the DOTr over alleged violations of the procurement laws. File photo by Ben Nabong/Rappler

Commercial operations for MRT-LRT Common Station eyed in April 2019

Jan 18, 2017 - 2:50 PM

Rarely seen together the country s top businessmen come to agree on the final location of the Metro Rail Transit MRT Light Rail Transit LRT Common Station project

ENDING DEADLOCK. The country's top honchos, Manuel V. Pangilinan, Ramon S. Ang, Hans Sy, and Jaime Augusto Zobel de Ayala, come together to sign a Memorandum of Agreement ending the squabble on the MRT-LRT Common Station deal, Wednesday, January 18, at the Dusit Hotel in Makati City. Photo by Martin San Diego/Rappler

MRT-LRT common station to be done in 2.5 years – DOTr

Dec 22, 2016 - 9:40 PM

Transportation Secretary Arthur Tugade says the signing of the compromise agreement on the common station is expected before 2016 ends

HAMPERING MASS TRANSIT. The stay order on the transfer of the site of the common station is barring the construction of the MRT7 and design work for the common station project that has been bundled with the LRT1 Cavite Extension project. SM North City EDSA and TriNoma photos from Ramon F. Velasquez

Deal reached: LRT-MRT common station between SM North, TriNoma

Sep 27, 2016 - 3:55 PM

A memorandum of understanding is set to be signed on Wednesday September 28

HAMPERING MASS TRANSIT. The stay order on the transfer of the site of the common station is barring the construction of MRT7 and design work for the common station project that has been bundled with LRT1 Cavite Extension project. SM North City EDSA and TriNoma Mall photos from Ramon F. Velasquez

SMIC posts 8% income growth, plans more land reclamation

Aug 04, 2016 - 5:07 PM

The conglomerate plans to reclaim 660 hectares of land in Manila Bay in partnership with the city governments of Parañaque and Pasay for a mixed use development

Upbeat retail, real estate lift SM Prime's profit

Aug 01, 2016 - 7:05 PM

Both mall operations and residential projects of the Sy family post higher revenues in the first half of the year

BOW. SM Prime president Hans Sy leads the opening of SM Angono, the company's 50th mall, on November 14, 2014. File photo from SM Supermalls Facebook page

Hans Sy retiring as SM Prime president

Jul 05, 2016 - 8:00 PM

But Sy will remain highly involved in the company s overall strategic direction as chairman of SMPHI s Executive Committee and member of the board

BOW. SM Prime President Hans T. Sy leads the opening of SM Angono, the company's 50th mall, on Friday, November 14, 2014. Photo from SM Supermalls Facebook page

Failed bidding: No takers for Laguna Lakeshore Expressway Dike

Mar 28, 2016 - 4:25 PM

3rd UPDATE Team Trident San Miguel and Malaysia s Alloy MTD do not submit offers for the country s most complicated public private partnership deal to date

NO TAKERS. The Laguna Lakeshore Expressway Dike deal is the 'most complicated' public-private partnership (PPP) project to date. Image from DPWH website

SM to build community theaters in remote areas

Feb 11, 2016 - 7:54 PM

The community theater will be branded as Blink Cinema SM Lifestyle Entertainment says

EXPAND CINEMA BRAND. SM Lifestyle Entertainment says it could build 3 to 5 community theatres this year. Cinema image from Shutterstock

After a year, LRT-MRT common station problem still unsolved

Nov 25, 2015 - 6:25 PM

A compromise agreement between all stakeholders has yet to be signed

HAMPERING MASS TRANSIT. The stay order on the transfer of the site of the common station is barring the construction of MRT7 and design work for the common station project that has been bundled with LRT1 Cavite Extension project. SM North City EDSA and TriNoma Mall photos from Ramon F. Velasquez

SM opens first mall in Caloocan City

Oct 23, 2015 - 3:49 PM

It is SM s 55th mall in the Philippines and targets to close 2015 with 56 in the country and 6 malls in China

NEW MALL. The newest SM mall eyes to cater to more than 1.5 million Filipinos with 90% of the space lease awarded to various tenants.  Image from SM Prime

Eat, pray, shop: Philippine malls become the new town plazas

Jul 30, 2015 - 1:18 PM

With their functions expanding from shopping and dining to venues for Catholic Mass Zumba workouts or weddings malls are taking on a more important role at the heart of communities experts say

A Filipino shopper walks into a foreign brand clothes shop at a Manila shopping mall on November 5, 2008. Consumers remain upbeat in the Philippines, splurging on clothes, holidays and gadgetry despite the financial crisis rocking the world, a Nielsen Co. survey announced November 6, 2008. The Philippines was one of only seven out of 51 countries which did not experience a drop in consumer confidence this year according to an on-line survey of 500 middle-class people conducted by Nielsen from September 22 to October 6. Nielsen credited this to the increased remittances of the eight million Filipinos working overseas, saying this cushioned the country from the effects of the financial crisis in the United States and Europe. AFP PHOTO/ROMEO GACAD

San Miguel pushes for speedy resolution of common station deadlock

May 25, 2015 - 3:52 PM

The conglomerate says the issue on where to put the LRT MRT common station is affecting the financial closure of the P63 billion MRT7 project

Bacolod to sell famous ‘Manokan Country’ site

Apr 18, 2015 - 1:01 PM

The plan is triggered by the interest that SM Prime Holdings signified to buy the 1 3 hectare lot that hosts the stalls selling the famous Bacolod grilled chicken

PROPOSED COMMERCIAL COMPLEX. Bacolod City Mayor Monico Puentevella shows the perspective of the proposed 'modernized' Manokan Country. Bacolod PIO photo

ILP rules amended to include more participants

Mar 18, 2015 - 7:16 PM

The Energy Regulatory Commission approves the governing rules to include non captive Meralco customers willing to volunteer for the Interruptible Load Program

'Super consortium' clear to bid for Laguna expressway dike project

Mar 14, 2015 - 5:20 PM

Team Trident of Aboitiz Ayala Land Megaworld and SM Prime is one of 3 groups to clear the pre bid stage of the P123 B PPP project

MVP’s Smart, Meralco top taxpaying firms in 2013

Mar 11, 2015 - 6:22 PM

The Manuel V Pangilinan led firm dislodges Meralco as top taxpayer with an income tax due amounting to P10 89 billion the BIR reports

Meralco lists 80 ILP participants to plug power shortage

Mar 11, 2015 - 1:18 PM

If successful the overall committed interruptible load for summer could reach 1 034 93MW exceeding the initial target for power reserves

Holding firm of PH's richest man nets P28.4B in 2014

Mar 05, 2015 - 2:45 PM

Henry Sy’s holding firm is up 3 6 on strong performance of its banking real estate and retail units

‘Super consortium’ pre-bid for Laguna expressway dike project

Feb 27, 2015 - 6:51 PM

Aboitiz Ayala Megaworld and SM form a consortium and submit pre bid qualification documents for the P123 B PPP project

SM allots P80 billion for mall expansion

Feb 01, 2015 - 8:05 PM

Tycoon Henry Sy s holding firm retains the same amount of capital expenditures at P80 billion this year

megamall, sm megamall

What you need to know about going solar

Jan 13, 2015 - 10:39 AM

With the upcoming power crisis here’s why solar energy presents a solution

Ayala open to 2 LRT-MRT common stations

Nov 26, 2014 - 12:08 PM

Ayala Corporation says as shareholders of the Light Rail Manila consortium it is open to accepting mutually acceptable solutions from the government and other private sector proponents

DOTC eyeing another LRT-MRT common station

Nov 20, 2014 - 7:02 PM

The government is in talks with a unit of San Miguel Corporation for the construction of an additional common station this time at SM North EDSA

SM opens 50th mall in Rizal

Nov 15, 2014 - 1:49 PM

The property developer also remains bullish on its expansion plans building 3 to 4 malls annually regardless of the economic and financial situation of the country

DOTC insists TriNoma is the LRT-MRT common station site

Aug 22, 2014 - 12:58 PM

The agency is also still looking for a ‘win win’ solution pending its appeal to lift the TRO issued by the Supreme Court

DOTC appeals SC TRO on transfer of LRT-MRT common station

Aug 15, 2014 - 2:56 PM

The DOTC says it has submitted its comments on time through the Office of the Solicitor General

SM group lukewarm on proposed ‘mini’ LRT-MRT common station

Aug 06, 2014 - 7:51 PM

The Henry Sy led company says it only heard about the proposal from the media and it has not been formally informed

DOTC eyes ‘mini’ LRT-MRT common station to appease SM group

Aug 05, 2014 - 9:33 PM

The Japan International Cooperation Agency is studying if the LRT 1 MRT 3 and MRT 7 traffic will not be affected by the proposed “mini station” in front of SM City North EDSA DOTC says

SC halts transfer of LRT-MRT common station to TriNoma

Aug 01, 2014 - 2:28 PM

The High Court has given the DOTC and the Light Rail Transit Authority 10 days to respond to claims they have violated a 2009 MOA with SM Prime Holdings Inc

MPIC to finalize location of LRT-MRT common station

Jul 28, 2014 - 12:12 PM

The company is studying if building the common station in front of Ayala’s Trinoma mall is more advantageous to commuters businesses

Gov’t: Pending cases not dampening investors’ confidence in PPP

Jul 04, 2014 - 9:00 AM

Investors are assured that legal remedies are available and a level playing field is in place to bid for major infrastructure projects

PENDING. Among the latest PPP projects to be put on hold is the awarding of the Cavite-Laguna project. Photo from the PPP Center

SM’s petition for TRO on MRT-LRT common station denied

Jul 01, 2014 - 6:19 PM

Despite the absence of a temporary restraining order the Henry Sy led group says it will still pursue the case against the government

Why SM is after the MRT-LRT common station

Jun 14, 2014 - 5:46 PM

Saying it has a valid contract with government the company will fight tooth and nail for the station which is expected to bring high foot traffic to its largest mall in the Philippines

Henry Sy's SM posts 11% profit growth, thanks to BDO

Mar 03, 2014 - 4:38 PM

SM Investments Corporation says its banking division accounted for nearly 43 of its 2013 earnings

GROWING BUSINESS. A giant globe adorns the SM Mall of Asia in Manila, 20 May 2006. Photo by Joel Nito/AFP

Mall in the middle: Cast of the SM Aura soap

May 26, 2013 - 11:03 PM

The soap opera that is SM Aura Premier revolves around 4 main characters BCDA the Ayala s the Sy s and Taguig City

BCDA mulls raps vs SM over Taguig mall

May 21, 2013 - 4:23 PM

The agency claims SM violated the law when it constructed SM Aura mall in Bonifacio Global City

ILLEGAL? BCDA claims SM violated law when it constructed SM Aura mall in Taguig City. Photo taken from the Philippine SME Business Expo 2013 Facebook page