Sy family ready to splurge on mall expansion
The Philippine Star|July 03, 2024
The Sy family will not cut back on investments and expansion for its shopping center developments amid the online shopping boom in the country, with large-scale malls seen as the new norm for the group.
RICHMOND MERCURIO

Hans Sy, chairman of the executive committee at SM Prime Holdings Inc., said the group would continue to increase its network of malls nationwide to reach more new markets in the provincial areas and putting up bigger shopping centers moving forward.

“I don’t think we have gone down in terms of our expansion. The reason we’re only opening about four malls every year is also because we’re also being very careful with our building capacity. We don’t want to be building eight or 10 and then not being able to deliver,” Sy said.

هذه القصة مأخوذة من طبعة July 03, 2024 من The Philippine Star.

ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.

هذه القصة مأخوذة من طبعة July 03, 2024 من The Philippine Star.

ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.

المزيد من القصص من THE PHILIPPINE STAR مشاهدة الكل
The Philippine Star

Phl leads in global investor relations, debt transparency

The Philippines ranked first among 50 countries in terms of global investor relations and debt transparency, according to the Institute of International Finance (IIF).

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1 min  |
July 05, 2024
The Philippine Star

'Sluggish investments, exports to hamper Phl growth'

Achieving economic growth of above 6.5 percent will be challenging this year amid subdued investment activity due to high interest rates and a weaker external sector, according to global research firm BMI Country Risk & Industry Research.

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2 mins  |
July 05, 2024
FedEx expansion doubles capacity at Clark airport
The Philippine Star

FedEx expansion doubles capacity at Clark airport

FedEx, one of the world's largest logistics providers, has committed to double the size of its facility at the Clark International Airport, confident that the gateway will become a shipping powerhouse in Asia Pacific.

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1 min  |
July 05, 2024
The Philippine Star

Phl vehicle production rises 13% in 5 months

Motor vehicle production in the country went up by 13 percent in the January to May period from a year ago, the second highest growth in Southeast Asia.

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2 mins  |
July 05, 2024
The Philippine Star

Phl stocks mirror Wall Street gains

The stock market climbed its way back above the 6,500 level as it mirrored gains in the US market.

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1 min  |
July 05, 2024
The Philippine Star

Weak peso pushes Phl debt to P15.3 T

The continued weakening of the peso against the dollar pushed the country’s debt to a new record high of P15.3 trillion in May, the Bureau of the Treasury said.

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2 mins  |
July 05, 2024
GUTSY GILAS MAKES OOT SEMIS
The Philippine Star

GUTSY GILAS MAKES OOT SEMIS

A famous first victory in 64 years against a Euro opponent ultimately served as springboard for Gilas Pilipinas' semifinal march in the FIBA Olympic Qualifying Tournament in Riga, Latvia.

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2 mins  |
July 05, 2024
UK goes to the polls
The Philippine Star

UK goes to the polls

Labour tipped for historic win

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2 mins  |
July 05, 2024
The Philippine Star

FDA to approve first ASF vaccine

The Food and Drug Administration FDA) will approve within two weeks the country’s first vaccine against African swine fever ASF) for commercial use, according to Agriculture Secretary Francisco Tiu Laurel Jr.

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1 min  |
July 05, 2024
The Philippine Star

DICT helps DFA in 'data breach' probe

An initial investigation into the alleged data breach at the Department of Foreign Affairs (DFA) is appearing to be \"fake,\" the Department of Information and Communications Technology said yesterday.

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1 min  |
July 05, 2024