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News and Events

PH's Biggest Retailer Is Building World's Largest IKEA Store

The first IKEA store in the Philippines will open by end-2020

Christian Rojkjaer, managing director, IKEA Southeast Asia; Steven Tan, SM Malls COO Steven Tan; and Georg Platzer, Market Development Manager and future IKEA store manager in Manila, IKEA PhilippinesSwedish furniture brand IKEA expects to open its first Philippine branch by the end of ...

by Lorenzo Kyle Subido  | November 20, 2018 03:00:00
News and Events

(Look) A BGC in Every Region? Masterplanned Townships Spread to Rest of PH

It's a sign that property buyers are willing to pay for order, community and systems, says property expert

Whenever experts and analysts talk about the massive opportunities in the real estate industry, chances are the discussions are focused on the Metro Manila market.Data from real estate analyst Leechiu Property Consultants (LPC) revealed that there are at least 63 masterplanned communities, ...

by Lorenzo Kyle Subido  | September 25, 2018 08:00:00
News and Events

IKEA Confirms It’s Coming to PH But May Take 4 to 6 Years

Swedish furniture retailer’s SEA manager says that’s the usual time for building a branch in new territory

It may take four to six years before Swedish furniture store chain IKEA opens its first branch in the country, BusinessWorld reported on Thursday, May 24.In the news report, IKEA Southeast Asia Market Development Manager Georg Platze said the Swedish furniture store ...

by Elyssa Christine Lopez  | May 25, 2018 12:00:00
News and Events

SM Prime to Build First IKEA Store in PH in Mall of Asia, Says Bloomberg

Swedish furniture retailer may also launch online store in the country

SM Prime Holdings is building the country’s first branch of Swedish furniture store chain IKEA, Bloomberg reported on Friday, April 6.In a news story posted on Friday, Bloomberg said the country’s largest property developer will lease out property long-term to the Swedish ...

by Elyssa Christine Lopez  | April 06, 2018 05:00:00
Run & Grow

Financial Adviser: 5 Blue Chip Stocks Investors Can Buy During Stock Market Fall

Despite the supposed "crash," there's no reason to get out of the market yet

The stock market has lost as much as 400 points so far this week after the US market plummeted by more than 1,700 points in two days on fears of rising interest rates. The Philippine Stock Exchange (PSE) Index has already lost 7.5 ...

by Henry Ong  | February 06, 2018 04:00:00
News and Events

Why Did SM Withdraw Its Bid to Take Over Goldilocks Bakeshop?

This comes less than a month after the Philippine Competition Commission approved the takeover

SM Group’s property and retailing unit SM Retail Inc. has withdrawn its acquisition bid over bakeshop and restaurant chain Goldilocks Bakeshop Inc. on Thursday, February 1.“Regarding the proposed acquisition by SM Retail of Goldilocks, both SM and Goldilocks have jointly agreed not ...

by Pauline Macaraeg  | February 01, 2018 03:00:00
News and Events

Now that Sy Family Owns Goldilocks, Will Red Ribbon and Other Bakery Chains Have a Fighting Chance in SM Malls?

SM Group vows fair treatment of Goldilocks’ rivals but regulators will keep watch for 5 years to make sure

The Philippine Competition Commission (PCC) has approved the takeover by SM Retail Inc. (SMRI), a unit of the property and retailing giant SM Group, of bakeshop and restaurant chain Goldilocks Bakeshop Inc., the government agency announced in a statement issued January 9.The ...

by Elyssa Christine Lopez  | January 10, 2018 06:00:00
News and Events

SM Prime is PH’s Only Trillion-Peso Firm but Has Many Peers in ASEAN

The Sy-family company is the only property developer in a list dominated by banks

Property developer SM Prime Holdings made headlines earlier this week as the first company listed at the Philippine Stock Exchange to have its market capitalization reach Php1 trillion.SM Prime Holdings is the real estate arm of the SM Group, which is owned ...

by Lorenzo Kyle Subido  | June 07, 2017 05:00:00
News and Events

PH’s Biggest Property Builder Selling 7-Year Bonds That Pay 5.17% p.a.

SM Prime Holdings’ bond offering lasts until May 11 and requires minimum investment of Php20k

SM Prime Holdings Inc., the Philippines’ largest property company by market value, is selling seven-year retail bonds that pay a fixed annual coupon rate of 5.1683 percent.The fresh borrowing aims to raise Php20 billion to fund capital expenditure projects of the company ...

by Lorenzo Kyle Subido  | May 04, 2017 12:00:00
News and Events

Bottom line: Tax managers to push for fairer system

Plus, Harrison Plaza complex in Manila eyed for redevelopment.

In case you missed the following over the weekend:ProposalsTax managers said in a statement on Saturday, June 18, that they would push for reforms in a meeting of economic managers during the incoming Duterte administration.The Tax Management Association of the Philippines (TMAP) ...

by Entrepreneur Staff  | June 20, 2016 11:00:00
Business Ideas

Top Filipino retail operator expands in China

SM Prime is also scheduled to open in SM City Olongapo in Zambales and SM Marketmall in Dasmariñas

If there are two things that you should think about as the Henry Sy-led SM Prime Holdings, Inc. open their fourth shopping mall in China today, it would be:First, SM Prime is undoubtedly the leader in the development of shopping malls in ...

by Carlo P. Mallo  | September 23, 2011 03:00:00