PHILIPPINES: SM H1 2017 results: income grew 9% to PHP16.6 billion

Pasay City, Philippines, 2017-Aug-09 — /EPR Retail News/ — SM Investments Corporation (SM) said reported income grew 9% to PHP16.6 billion. Excluding one-time items in 2016, recurring income increased 16% in the first six months. Consolidated revenues rose 7% to PHP181.6 billion in the first half from PHP169.7 billion in the same period last year. […]

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PHILIPPINES: SM Prime registered a 15% net income growth to PHP7.79 billion in Q2 2017 from PHP6.75 billion in same period last year

Pasay City, Philippines, 2017-Aug-07 — /EPR Retail News/ — SM Prime Holdings, Inc. (SM Prime), the Philippines’ leading integrated property company registered a 15% net income growth to PHP 7.79 billion in the second quarter of 2017 from PHP 6.75 billion in same period last year. This brought SM Prime’s first half’s net income to […]

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PHILIPPINES: SM Prime Holdings to open new SM Cherry Antipolo, Rizal on Friday, June 30

Pasay City, Philippines, 2017-Jun-30 — /EPR Retail News/ — SM Prime Holdings, Inc. (SM Prime), one of the leading integrated property companies in Southeast Asia, will open SM Cherry Antipolo on Friday, June 30. SM Cherry Antipolo is the 63rd mall of SM Prime in the country, which is situated along the bustling Marcos Highway, […]

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PHILIPPINES: SM Group honored with 10 awards at the Corporate Governance Asia magazine’s 7th Asian Excellence Award

PHILIPPINES: SM Group honored with 10 awards at the Corporate Governance Asia magazine’s 7th Asian Excellence Award   JW Marriott Hotel, Hong Kong, 2017-Jun-21 — /EPR Retail News/ — SM Investments Corporation (SM) and its subsidiaries bagged 10 awards from Hong Kong-based Corporate Governance Asia magazine in its 7th Asian Excellence Award held at the […]

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The Children’s Place to open retail stores in Indonesia, Singapore, Thailand and The Philippines

SECAUCUS, N.J., 2017-Jun-21 — /EPR Retail News/ — The Children’s Place, Inc.(Nasdaq:PLCE), the largest pure-play children’s specialty apparel retailer in North America, today (June 19, 2017) announced that it has entered into a development agreement with Gill Capital covering Indonesia, Singapore, Thailand and The Philippines.  The first retail stores are to open in Indonesia, with the […]

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PHILIPPINES: Felicidad T. Sy Foundation to fund the construction of sports center at Philippine Cultural College’s Quezon City campus

PHILIPPINES: Felicidad T. Sy Foundation to fund the construction of sports center at Philippine Cultural College’s Quezon City campus   Pasay City, Philippines, 2017-May-30 — /EPR Retail News/ — In support of education and sports development, The Felicidad T. Sy Foundation (Foundation) of SM matriarch Felicidad T. Sy has signed an agreement with the Philippine […]

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PHILIPPINES: SM opens its second SM mall in Cagayan de Oro

PHILIPPINES: SM opens its second SM mall in Cagayan de Oro   Pasay City, Philippines, 2017-May-12 — /EPR Retail News/ — SM Prime Holdings, Inc. (SM Prime), one of the leading integrated property companies in Southeast Asia, opens its newest mall, the SM CDO Downtown Premier, on May 12, 2017. The new mall will add […]

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ASW’s Global Health Survey: France and the Philippines the most health-savvy European and Asian markets respectively

France and the Philippines are the most health-savvy European and Asian markets respectively The global survey also reveals the correlation between happiness and health One in every five people seek pharmacist’s advice when feeling ill HongKong, 2017-Apr-10 — /EPR Retail News/ — To coincide with World Health Day, an annual global health awareness day designated […]

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PHILIPPINES: SM Investments Corporation acquires 34.5% stake in 2Go Group

Pasay City, Philippines, 2017-Apr-03 — /EPR Retail News/ — SM Investments Corporation (SMIC) completed the acquisition of a minority stake in 2Go Group via a 34.5% stake in its parent company. 2Go is the country’s largest integrated supply chain operator whose businesses include shipping, freight forwarding, warehousing, and express delivery services. “We are pleased with this […]

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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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