SM eyes opening 2 malls in PH this year: official | ABS-CBN

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SM eyes opening 2 malls in PH this year: official

SM eyes opening 2 malls in PH this year: official

ABS-CBN News

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MANILA — SM Prime Holdings Inc on Monday said it plans to open more malls in the Philippines this year to further expand its local footprint.

In a disclosure to the stock exchange, SM Prime Holdings said it plans to open 2 more malls in the country in 2023. The Sy-led conglomerate was confirming an earlier report quoting SM Supermalls President Steven Tan.

Tan said SM also plans to open 5 more malls in 2024.

SM earlier said it would stick to its 5 to 7 mall opening target per year until 2024 despite the COVID-19 pandemic.

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SM in May opened its first mall in the province of Bataan and its 83rd outlet in the country.

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