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.
This story is from the July 03, 2024 edition of The Philippine Star.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber ? Sign In
This story is from the July 03, 2024 edition of The Philippine Star.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber? Sign In
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).
'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.
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.
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.
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.
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.
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.
UK goes to the polls
Labour tipped for historic win
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.
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.