PHILIPPINES: SM Investments Corporation honored with seven awards during the 12th Corporate Governance Asia Recognition Awards 2016

PHILIPPINES: SM Investments Corporation honored with seven awards during the 12th Corporate Governance Asia Recognition Awards 2016   Pasay City, Philippines, 2017-Mar-24 — /EPR Retail News/ — SM Investments Corporation (SM) and its subsidiaries received seven awards from Hong Kong-based publication Corporate Governance (CG) Asia during the 12th Corporate Governance Asia Recognition Awards 2016 organized by […]

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PHILIPPINES: SM wins four awards at the PRSP Gabi ng Parangal 52nd Anvil Awards

PHILIPPINES: SM wins four awards at the PRSP Gabi ng Parangal 52nd Anvil Awards   Pasay City, Philippines, 2017-Mar-17 — /EPR Retail News/ — SM won four awards during the Public Relations Society of the Philippines’ (PRSP) Gabi ng Parangal 52nd Anvil Awards held last March 10, 2017. SM Investments Corporation was awarded for its website redesign […]

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PHILIPPINES: SM group continues commitment to the government and Go Negosyo’s initiative to promote produce grown by local farmers

PHILIPPINES: SM group continues commitment to the government and Go Negosyo’s initiative to promote produce grown by local farmers   Pasay City, Philippines, 2017-Mar-08 — /EPR Retail News/ — In the fourth quarter of last year, the Department of Agriculture (DA) with the help of Go Negosyo, finalized an agreement with supermarket and restaurant chains […]

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PHILIPPINES: SM Investments Corporation announces an 8% growth in net income to PHP31.2 billion in 2016

Pasay City, Philippines, 2017-Mar-02 — /EPR Retail News/ — SM Investments Corporation (SM) reported an 8% growth in net income to PHP31.2 billion in 2016. Property accounted for 39% of total earnings, with banks comprising 37% and retail 24%. “Our core businesses performed well and continue to grow in line with the country’s strong economic development. […]

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PHILIPPINES: SM Prime announces a recurring net income growth of 14% in 2016 vs. previous year

Pasay City, Philippines, 2017-Feb-22 — /EPR Retail News/ — SM Prime Holdings, Inc. (SM Prime), the Philippines’ leading integrated property company, registered a recurring net income growth of 14% in 2016 to PHP 23.8 billion from PHP 20.9 billion last year. Consolidated revenues grew 12% to PHP 79.8 billion in 2016 from PHP 71.5 billion in […]

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Prada opens its second store in Manila, Philippines

Milan, 2017-Jan-24 — /EPR Retail News/ — Prada opens its second store in Manila, Philippines, inside the prestigious Solaire Resort and Casino. The space covers a total surface area of 105 square metres on a single level and houses the women’s and men’s leather goods and accessories collections. The façade is defined by a backlit […]

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Philippines: SM Investments Corporation (SMIC) Fixed Rate Peso Bonds Oversubscribed

Pasay City, Philippines, 2016-Dec-12 — /EPR Retail News/ — SM Investments Corporation (SMIC) will issue a total of Php20 billion worth of Series G retail bonds priced at 5.1590% due 2023, up from the initial offer size of only Php15 billion. The Series G bond issue was met by strong demand from a wide spectrum of […]

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NCR’s CxBanking software to help financial institutions in the Philippines offer seamless banking experience

MANILA, Philippines, 2016-Oct-06 — /EPR Retail News/ — NCR Corporation (NYSE: NCR), a global leader in omni-channel solutions, today (October 4, 2016) unveiled a new suite of integrated CxBanking solutions to help financial institutions in the Philippines  improve speed of service, reduce downtime and enhance customer experience. “Banks are under enormous pressure to innovate as customers […]

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Philippines: SM Investments Corporation announces that PhilRatings assigned a PRS Aaa rating to its proposed bond issue

Pasay City, Philippines, 2016-Sep-28 — /EPR Retail News/ — SM Investments Corporation announced that the Philippine Rating Services Corporation (PhilRatings) assigned a rating of PRS Aaa to SMIC’s proposed bond issue of P15.0 Billion, with an over subscription option of P5.0 Billion, for a maximum aggregate amount of P20.0 Billion. The bonds are part of the […]

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Philippines: SM Investments Corporation approved Fixed Rate Bond Program with principal amount of Php50 Billion

Pasay City, Philippines, 2016-Sep-22 — /EPR Retail News/ — SM Investments Corporation announced today (September 21, 2016) that its Board of Directors approved a Fixed Rate Bond Program with a principal amount of Php 50 Billion under the 3-year shelf registration facility of the Securities & Exchange Commission. Initial issuance under this program is expected later […]

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Philippines: SM Investments to expand in Visayas and Mindanao

Cebu, Cagayan de Oro, Davao, Philippines, 2016-Aug-28 — /EPR Retail News/ — SM Investments Corporation (SM), one of the largest conglomerates in the Philippines, is committed to expand outside of Metro Manila where huge potential for growth is apparent. In particular, Visayas and Mindanao contributed 26.9% to total Gross Domestic Product (GDP) in 2014 based on […]

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Philippines: SM Prime Holdings registered 12% growth in its core net income during first half of 2016

Pasay City, Philippines, 2016-Aug-01 — /EPR Retail News/ — SM Prime Holdings, Inc. (SM Prime), the Philippines’ leading integrated property company, registered a 12% growth in its core net income to PHP 12.6 billion from PHP 11.2 billion. This was supported by a 9% increase in consolidated revenues to PHP 39.2 billion from PHP 35.9 billion […]

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Philippines: 2016 Ramon V. Del Rosario (RVR) Award given to Retail pioneer Henry Sy, Sr.

Makati, Philippines, 2016-Aug-01 — /EPR Retail News/ — Retail pioneer Henry Sy, Sr. received the 2016 Ramon V. Del Rosario (RVR) Award for Nation Building. This award is a project of the Junior Chamber International (JCI) Manila  and the Asian Institute of Management’s Center for Corporate Social Responsibility. Named in honor of JCI’s (formerly Manila Jaycees) […]

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Philippines: SM Prime Holdings issues PHP10 billion fixed rate bonds due on 2026

Makati, Philippines, 2016-Aug-01 — /EPR Retail News/ —SM Prime Holdings,Inc. (SM Prime) marked its 3rd listing of retail bonds with its issuance of PHP10 billion fixed rate bonds due on 2026. With SM Prime’s bond issuance, the total listed amount of the SM Group on PDEx shall be PHP84.83 billion, representing 14.47% of the total corporate […]

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Philippines: SM Prime Holdings to offer to the public up to Php60 billion worth of Bonds

Pasay City, Philippines, 2016-May-17 — /EPR Retail News/ — SM Prime Holdings, Inc. (SMPH) announced today that its Board of Directors approved the offering to the public of up to Php60 billion worth of Bonds (the ”Bonds”). The Bonds will be filed under a shelf registration to be issued for a period of three (3) […]

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Philippines: SM Foundation donates school building to the San Francisco Elementary School in Tarlac

PASAY CITY, PHILIPPINES, 2016-May-11 — /EPR Retail News/ — SM Foundation turned over its 74th school building donation to the San Francisco Elementary School in Tarlac on May 6 in partnership with SM Prime. The two-storey, four-classroom school building came fully furnished with 200 armchairs, 16 wall fans, eight blackboards, four teacher’s table and chair […]

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Philippines: SM Prime Holdings reports core net income growth of 12% in the first quarter of 2016

Pasay City, Philippines, 2016-May-02 — /EPR Retail News/ — SM Prime Holdings, Inc. (SM Prime), the Philippines’ leading integrated property company, reported a core net income growth of 12% in the first quarter of 2016 to PHP5.8 billion while consolidated revenues rose 10% to PHP18.2 billion. “SM Prime’s massive expansion last year propelled our performance […]

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PHILIPPINES: SM Prime Holdings opens SM City San Jose Del Monte, Bulacan

Pasay City, Philippines, 2016-May-02 — /EPR Retail News/ — SM Prime Holdings, Inc. (SM Prime), the country’s largest integrated property company, is opening SM City San Jose Del Monte on April 29, 2016. This is SM Prime’s 57th mall in the Philippines and the third in the province of Bulacan – after SM City Baliwag […]

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PHILIPPINES: SM Investments Corporation releases its 2015 Environmental, Social and Governance Report

Pasay City, Philippines, 2016-May-02 — /EPR Retail News/ — SM Investments Corporation (SM), the country’s largest conglomerate, has reported significant progress in its sustainability practices which involves its operations, social development programs and environmental conservation efforts. These efforts are disclosed in SM’s 2015 Environmental, Social and Governance Report released on April 27 during the company’s […]

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Philippines: SM Foundation donates brand new daycare and health center to the residents of Pasong Kawayan II in General Trias, Cavite

Pasay City, Philippines, 2016-Mar-30 — /EPR Retail News/ — SM Foundation, in partnership Summerhills Home Development Corporation (SHDC), recently turned over a brand new daycare and health center to the residents of Pasong Kawayan II in General Trias, Cavite. The center will mainly cater to the two nearby subdivisions of Heneral Uno and Heneral Dos. […]

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Philippines: Former U.S. Vice President Al Gore visits SM Mall of Asia Solar Carpark

Pasay City, Philippines, 2016-Mar-30 — /EPR Retail News/ — Former U.S. Vice President Al Gore recently visited the newly-completed SM Mall of Asia Solar Carpark. He was welcomed by Leandro Leviste, President of Solar Philippines; Hans Sy, President of SM Prime; Loren Legarda, Senator and UN Global Champion; and Hans Sy Jr., Vice President of […]

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Philippines: Manila-Acapulco Galleon Museum to launch at the Mall of Asia Complex in Pasay City

Pasay City, Philippines, 2016-Mar-16 — /EPR Retail News/ — Museo del Galeon, Inc. is bringing to life the country’s trade heritage with the Manila-Acapulco Galleon Museum at the Mall of Asia Complex in Pasay City. Set to be launched in the third quarter of 2016, the dome-shaped museum’s main feature is a replica of the […]

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Philippines: SM Foundation ended 2015 on high note as four of its scholar-graduates topped the 2015 national licensure examinations for engineering

SM Foundation celebrates board topnotchers and donates 8 school buildings Pasay City, Philippines, 2016-Mar-16 — /EPR Retail News/ — SM Foundation ended 2015 on a high note as it welcomed another first for its college scholarship program—four of its most recent scholar-graduates topped the 2015 national licensure examinations for engineering. These students are part of SM […]

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Philippines: SM Investments Corporation approves merger of SM Retail Inc. with several related retail companies

Pasay City, Philippines, 2016-Feb-29 — /EPR Retail News/ — Today the Board of Directors of SM Investments Corporation (SM) approved the merger of its retail arm, SM Retail Inc. (SM Retail) with several related retail companies. The related companies operate leading local retail chains including Ace Hardware, SM Appliance Center, Homeworld, Our Home, Toy Kingdom, […]

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Philippines: SM Prime Holdings reported recurring net income growth of 14% in 2015

Pasay City, Philippines, 2016-Feb-24 — /EPR Retail News/ — SM Prime Holdings, Inc. (SM Prime), the Philippines’ leading integrated property company, reported a recurring net income growth of 14% in 2015 to PHP20.9 billion on the back of an 8% increase in consolidated revenues to PHP71.5 billion in the same period.  On a consolidated level, net […]

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Philippines: SM Cinema adds more cinema screens nationwide

SM Cinema’s new large format theatre called the “LARGE SCREEN FORMAT” at SM Seaside City Cebu features a super-sized screen almost 30% larger than the regular cinema screen size. Pasay City, Philippines, 2016-1-8 — /EPR Retail News/ — SM Cinema is bringing world class entertainment closer to provincial areas as it adds more cinema screens nationwide. […]

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Philippines: SM Prime Holdings hailed the Best Real Estate Developer (Retail) for the 3rd time by Euromoney Magazine’s 11th Annual Real Estate Survey

PASAY CITY, PHILIPPINES, 2015-12-29 — /EPR Retail News/ — SM Prime Holdings, Inc. (SM Prime), one of the leading integrated property companies in Southeast Asia, was hailed as the Best Real Estate Developer (Retail) in the Philippines for the third time by Euromoney Magazine, last November 16. This award celebrated Philippine real estate’s robust growth in […]

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Philippines: SM Prime Holdings mall business announces recent ISO 22301 certification

Pasay City, Philippines, 2015-12-17 — /EPR Retail News/ — The mall business of SM Prime Holdings, Inc. (SM Prime), the country’s largest integrated property developer, reported its recent certification by the International Organization for Standardization. The ISO 22301 certification affirms the company’s commitment to meet the needs of its stakeholders especially in times of disasters and […]

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Philippines: SM celebrates 30th anniversary of SM City North EDSA mall

Pasay City, Philippines, 2015-12-15 — /EPR Retail News/ — SM City North EDSA, one of the most iconic shopping malls in the country, has been an epitome of how SM malls have transformed to meet the shifting needs and demands of consumers in a dynamic Philippine retail environment. From a footprint of only 125,000 square […]

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Philippines: SM malls evolved into sustainable structures

Pasay City, Philippines, 2015-12-9 — /EPR Retail News/ — SM malls, which now total 56 in the country, have evolved into sustainable structures that are proving to be valuable and sensible investments. In the last few years, SM malls have consciously integrated disaster risk reduction into design and operations in the midst of worsening effects of […]

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