News

SM Prime outlines growth strategy

SM PRIME Holdings Inc. (SM Prime), a leading property developer in Southeast Asia, unveiled a three-pronged growth strategy at its 2025 Annual Stockholders’ Meeting, emphasizing scale, innovation and geographic reach to reinforce its Philippine real estate leadership. The roadmap focuses on organic mall expansion (adding over 316,000 square meters and redeveloping over 309,000 square mete...

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How SMDC is driving real estate value in the Philippines’ first true experience-led city

MANILA, Philippines — Historically, cities have been built around commerce, governance or industry. Today, however, the most dynamic cities are being built around experiences—where business, leisure, culture and daily life move in a seamless flow. The Mall of Asia (MOA) complex is leading this transformation in the Philippines. Across a single district, MOA integrates experiences th...

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SM Supermalls Expands First-in-Cebu Dining Concepts Across Its Malls

SM Supermalls is introducing a wave of first-in-Cebu dining experiences across its properties in the city, bringing in Michelin-recognized brands, globally renowned restaurants, and local culinary favorites as part of its effort to elevate Cebu’s food scene. At SM Seaside City Cebu, one of the largest retail complexes in the Visayas, recent additions include Italian restaurant Cibo and Ta...

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Cebu’s thriving tourism fuels food sector growth

CEBU, Philippines — Cebu-based hospitality supplier Global Pacific reported a sharp rise in demand from the foodservice sector, driven by surging tourism and rising consumer purchasing power in one of the Philippines’ fastest-growing regional economies. The company attracted strong interest at the World Food Expo (WOFEX Cebu 2025), held April 24–26, where restaurateurs, caf&ea...

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SM Prime plans up to 6 upscale developments in next 5 years

LISTED real estate developer SM Prime Holdings, Inc. plans to launch up to six projects under its upcoming premium residential line within the next five years. “The pipeline is maybe five to six projects in the next five years,” SM Prime Holdings Executive Vice-President and Premium Residential Line Head Jose Juan Z. Jugo said in an interview with BusinessWorld. Mr. Jugo ide...

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