SM Prime Marks 30th Anniversary with Record-Breaking Income, PHP 100 Billion Investment for 2024

Manila, Philippines - SM Prime Holdings, Inc. (SMPH), the leading integrated property developer in the Philippines, marks its 30th anniversary as a publicly listed company with the announcement of its highest-ever recorded income and a ₱100 billion investment for its partners, stakeholders, and communities they operate in. With eyes set on the future, SM Prime reaffirms its position as a catalyst for economic development and community advancement.

Record-Breaking Performance

During the Annual Stockholders Meeting held on April 23, 2024, SM Prime announced its highest-ever recorded income, reaching PHP40 billion in consolidated net income, marking a 33% increase from 2022. Additionally, the company's revenues surged by 21%, soaring to PHP128.1 billion, a notable growth from the previous year. The consolidated operating income also saw significant growth, rising by 24% to PHP61.3 billion.

The outstanding performance can be attributed to SM Prime's mall business, driving 56% of consolidated revenues and a 30% growth to PHP71.9 billion in 2023. This growth was bolstered by a 24% increase in mall rental income, amounting to PHP61.3 billion. Moreover, the opening of four new malls in 2023 expanded SM's retail presence to 85 malls in the Philippines and 8 malls in China.

Meanwhile, SM Prime's residential business group, led by SM Development Corporation (SMDC), recorded an 8% growth in revenues to PHP43.1 billion in 2023. The residential group's gross profit rose by 15% to PHP25.4 billion, with reservation sales standing at PHP102 billion.

In addition to its mall and residential businesses, SM Prime's other key segments, comprising offices, hotels, and convention centers, contributed 10% of consolidated revenues, reported PHP13.1 billion in revenues in 2023, marking a remarkable 26% increase from the previous year.

Commitment to Shared Growth

At the core of SM Prime's success is its unwavering commitment to shared prosperity in every city where they are present. With a strategic ₱100 billion investment capital expenditure in 2024, SM Prime aims to reinvest in its partners, stakeholders, and communities.

SM Prime aims to continuously expand and develop new places for every Filipino to enjoy. 60% will be dedicated to enhancing its malls, development of new residential properties under SMDC, and construction of new hotels and convention centers. 40% will be directed towards acquiring new properties and coastal developments to pave the way for modern, eco-friendly urbanization.

Commitment to Environmental Sustainability and Disaster Resilience SM Prime has always been committed towards creating a sustainable future. SM Prime continues to work towards its goal of achieving Net Zero carbon emissions by 2040, aligning with the Department of Energy's target of reaching a 35% renewable energy share by 2030. Through partnerships with renewable energy suppliers and organizations like the World Wildlife Fund for Nature (WWF), SM Prime endeavors to reduce its environmental footprint and advocate for sustainable practices in all areas of its operations.

SM Supermalls' SM Cares and SMDC's The Good Guys also remain actively engaged in various community initiatives, such as conducting community disaster preparedness programs, providing support programs for senior citizens and persons with disabilities, and promoting job generation and entrepreneurship through nationwide job fairs and MSME programs. Other initiatives include coastal clean-ups, the donation of school buildings and fire trucks, and the organization of eco-camps for youth.

Jeffrey C. Lim, President of SM Prime Holdings shared, “At SM Prime, we're not just building spaces; we're cultivating lifetimes of progress and shared growth. Our commitment lies in empowering Filipinos to thrive within their neighborhoods, whether through convenient shopping experiences at SM Supermalls, quality living in SMDC homes, or fulfilling work environments in our office properties. We believe that individual success fuels community prosperity, creating opportunities, and driving the nation's growth for many years to come.”

SM Prime remains committed to its role as a catalyst for economic growth, delivering innovative and sustainable lifestyle cities, thereby enriching the quality of life of millions of people. For more information, visit www.smprime.com.

A Parent’s Guide to a Fun-Filled Summer for Kids at SM

Embrace the warmth and excitement of summer with your favorite SM malls in Bulacan – SM City Marilao, SM City Baliwag, and SM Center Pulilan. This guide is specifically crafted for parents looking for a blend of fun, education, and unforgettable experiences for their kids:

Toy Kingdom: Your Summer Fun Headquarters

Toy Kingdom offers a wide range of summer toys, including water toys, inflatable pools, and sports gear, to turn your backyard into a fun-filled paradise. Find everything from pools, water guns, and floats, to bikes, scooters, and sports balls for endless outdoor entertainment for kids.

Visit Toy Kingdom at SM City Marilao and Toy Kingdom Express inside the SM Store Baliwag. 

Keep Cool on the Go with Miniso

Keep your kids cool and trendy this summer with Miniso's Mini Handheld Fans. Enjoy a 20% discount on selected Minions, Disney, and Frozen collections with a Php 500 minimum purchase via GCash, from April 1 to May 31, 2024. Shop at Miniso in SM City Marilao, SM City Baliwag, and SM Center Pulilan. 

Journey Through Pages at National Bookstore

National Bookstore brings the magic of reading to life, offering stories that inspire, educate, and delight. A standout pick for this summer is “My Name Is Morena” by Ayn Bernos. This moving children’s book is a powerful ode to self-love and the beauty of embracing one’s morena complexion.

Drop by National Book Store at SM City Marilao, SM City Baliwag, and SM Center Pulilan.

Ultimate Play Experience at SM Storyland, Kidzooona, Quantum, Ambika Kid’z Funbox, Baby Play, World of Fun, and Tom’s World

Transform any day into an extraordinary experience with various indoor play areas. Offering a mix of games, rides, and activities, there’s always something new and exciting for children to explore.

Creativity Unleashed with SM Stationery

Spark your child’s creativity with a wide selection of arts and crafts supplies from SM Stationery inside The SM Store Marilao and Baliwag. Check out the Artheraphy Diamond Art by Numbers Kit and Artheraphy Paint by Numbers Kit, perfect for kids and adults.

Turn this summer into a fun adventure for your kiddos, packed with giggles, cool discoveries, and loads of happiness. 

LITE EATS: MEAT-FREE FOOD OPTIONS AT SM BULACAN MALLS

Stay true to your Lenten commitment and still satisfy your discerning palate. Most restaurants and chains nowadays have prepared hearty food selections that you must try without feeling too deprived. Try these superb seafood and meat-free eats at SM malls in Marilao, Baliwag, and Pulilan to keep you full and delighted.

BOTEJYU Prawn Tempura Rice Bowl. Enjoy the Lenten season with Botejyu’s wide selection of seafood specials, from Prawn Tempura Rice Bowl to Salmon Teriyaki Steak and Assorted Sashimi. Botejyu’s variety of vibrant seafood dishes will satisfy your appetite during the Lenten season and beyond. Visit Boteyju branches at SM City Marilao and SM City Baliwag.

Kenny Rogers’ Grilled Fish. Trade in your roasted chicken meal for guilt-free KRR’s Grilled Fish, made with fresh and quality fish fillet dipped in a mixture of lemon-basil, garlic, and carefully selected herbs and spices to give you a mildly sweet and smoky taste. It is available in plated combinations with your choice of one or two sides and a corn muffin. Discover Kenny Rogers branches in SM City Marilao and SM City Baliwag.

Kuya J'S Sizzling Tofu. Enjoy the bold flavors of Filipino favorite sisig in a vegetarian way with Kuya J’s Sizzling Tofu, available at their branches in SM City Marilao and SM City Baliwag. This sautéed cheesy tofu dish with assorted vegetables topped with chopped spring onion and fried garlic will surely satisfy your taste buds!

Wendy’s Fish Sandwich. Experience the wonders of the sea with Wendy’s Fish Sandwich. With its delightful blend of classic fish fillet all smothered with tartar sauce, it makes up a perfect harmony of crunch and flavor. Head on to Wendy’s at the ground level of SM City Marilao.

Jollibee’s Tuna Pie. Dive into the delicious combination of crispy crust and creamy tuna filling with Jollibee Tuna Pie. It is also available in a trio pack to let you share the best of both the savory and sweet worlds with your family and friends. ‘Pie all you want’ at Jollibee branches in SM Center Pulilan, SM City Baliwag, and SM City Marilao.

Meanwhile, you may also opt to make your meals more personalized with delightful home recipes. Make use of frozen and fresh catch fish and seafood, or go all out with more nutritious dishes from freshly harvested vegetables and fruits from the local farmers available at SM Hypermarket. Head on over to SM malls in Marilao, Baliwag, and Pulilan and enjoy these delicious meat alternatives.

SM BULACAN MALLS CELEBRATE WMN 2024

SM City Marilao puts the spotlight on women this March with the Beauty Fair and captivating installations located at the Mall Atrium

SM malls in Marilao, Baliwag, and Pulilan mark International Women’s Month this March.

Igniting the celebration is the Women’s Beauty Fair at SM Bulacan malls, which promises a unique shopping experience featuring beauty bazaars and a chance to discover products suited to individual preferences in collaboration with top SM beauty brands and MSMEs.

This year's Women’s Month celebration will spotlight the influence of Generation Z on redefining beauty norms, emphasizing self-expression, individualism, and self-care. Gen Z individuals are known for their openness to experimenting with unconventional looks and styles, pushing boundaries, and sharing their creativity across various platforms.

Girls definitely rule this March at SM City Marilao with the Women's Beauty Fair, fun IG spots, and installations to celebrate the season.

Join the celebration as SM malls in Marilao, Baliwag, and Pulilan feature favorite beauty brands like Watsons, The SM Store, The Body Shop, The Face Shop, Miniso, and more, promoting inclusivity and equality.

Ladies may also unleash their creativity with SM’s IG spots and installations. These captivating spaces are dedicated to celebrating womanhood through glam shots and capturing memories.

SM City Baliwag celebrates WMN 2024 with a Women's Beauty Fair, IG spots, and installations perfect for capturing memories

At SM, we believe in championing all forms of beauty, embracing courage and fearlessness, and celebrating diversity and freedom—allowing everyone to define their own meaning of beauty. Visit your favorite SM malls in Bulacan and celebrate WMN 2024!

DTI Lauds Most Competitive LGUs at 7th Regional Competitiveness Summit

The Department of Trade and Industry recognizes the highly competitive cities, municipalities and provinces during the 7th edition of the Cities and Municipalities Competitiveness Index (CMCI), commending the local government units’ efforts to enhance the competitiveness at the local and regional levels.

For the fourth year, Quezon City is the overall most competitive Highly Urbanized City (HUC), making it to the CMCI Hall of Fame. Manila ranks second followed by Davao City in 3rd place. Antipolo City tops the overall most competitive Component City (CC), with Calamba, Laguna and Santa Rosa, Laguna in 2nd and 3rd places, respectively.

Cainta, Rizal reclaimed its top spot as overall most competitive 1st-2nd Class Municipality, while Taytay, Rizal slipped to second spot, followed by Baliwag, Bulacan in 3rd place. For the 3rd-6th class municipalities, Mambajao, Camiguin topped this category followed by San Remigio, Cebu (2nd) and Baler, Aurora (3rd). The three most competitive provinces are all coming from the Calabarzon region, with Rizal Province as 1st place for fourth consecutive time, Laguna as 2nd place and Cavite as 3rd place.

"I am glad to hear that more and more Local Government Units (LGUs) are seeing the importance of the CMCI project," said DTI Secretary Ramon Lopez.

“The CMCI now has 1,518 cities and municipalities, from 122 cities and 163 municipalities in its pilot run in 2013. Beyond being an annual ranking event, it is a vital opportunity for policymakers and public officials to see where things are, compare it to past performance, and relate it to the experience of other localities. As such, the program serves as a driving force to do better, to be more innovative, and to utilize and manage resources more effectively," he added.

Most economically dynamic LGUs

The Economic Dynamism Pillar of CMCI measures the economic activity and productivity of an LGU, which include the size and growth of the local economy (business registrations, capital, revenue, permits), capacity to generate jobs, cost of living, cost of business, etc.

Pasay City landed in the top spot for the HUC category, as Davao City improved to 2nd place, while last year’s no. 1 Quezon City dropped to 3rd place. For Component Cities, Gen. Trias, Cavite moved to 1st place, followed by Calamba, Laguna (2nd) and Batangas City, Batangas (3rd). Plaridel, Bulacan emerged as no.1 in the 1st-2nd class municipalities, with Sta. Maria, Bulacan in no. 2, while last year’s top performer Cainta, Rizal fell to no.3. Mambajao, Camiguin led the 3rd-6th class municipalities together with Bacolor, Pampanga (2nd) and Alfonso Lista, Ifugao (3rd).

Most efficient LGUs

In the Government Efficiency Pillar, competitiveness of LGUs is determined through the reliability and quality of government support for effective and sustainable expansion, and absence of corruption.

In this pillar, Quezon City ranked best in the HUC category followed by City of Manila (2nd) and Davao City (3rd). For the Component Cities, Antipolo, Rizal is no. 1, while last year’s top LGU Tagum City eased to no.2, and Sta. Rosa, Laguna is no.3. Cainta, Rizal reclaimed its top rank in the 1st-2nd class municipalities, while Taytay, Rizal and Silang, Cavite landed in the 2nd and 3rd places, respectively. San Simon, Pampanga got the 1st place in the 3rd-6th class municipalities, followed by Taal, Batangas (2nd) and Mambajao, Camiguin (3rd).

Infrastructure-sufficient LGUs

This third pillar measures the availability of necessary physical building blocks that connect and sustain a locality and its surroundings to enable provision of goods and services. Data involved includes existing road network, distance from major ports, availability of basic utilities, internet connection, etc.

Consistent top performers in the HUC Category are Quezon City (1st), City of Manila (2nd) and Davao City (3rd). Legazpi City remained as top Component City followed by Antipolo, Rizal at 2nd place, while Naga City, Camarines Sur slipped to 3rd place. Baliwag, Bulacan improved to the top spot for the 1st-2nd class municipality, with Cainta, Rizal (2nd place) and Taytay, Rizal (3rd place). Gabaldon, Nueva Ecija entered for the first time as top placer in 3rd-6th municipalities, together with Ronda, Cebu (2nd) and Jimenez, Misamis Occidental (3rd).

Most resilient LGUs

The fourth pillar measures the capability of an LGU to sustain competitiveness. Resiliency at the context of local level is defined as ability of the people, households, communities, countries, and systems to mitigate, adapt to and recover from shocks and stresses and manner that reduces chronic vulnerability and facilitates inclusive growth.

Iloilo City secured the top spot for the HUC Category followed by Cagayan de Oro (2nd) and Davao City (3rd). Antipolo, Rizal led the Component City Category with Koronadal, South Cotabato (2nd) while Calapan, Oriental Mindoro slipped to 3rd place. Liloan, Cebu emerged as best in the 1st-2nd class municipalities, followed by Binangonan, Rizal (2nd) and San Mateo, Rizal (3rd). Santo Domingo, Ilocos Sur is 1st place in the 3rd-6th class municipalities, with Pagsanjan, Laguna (2nd ) and Magsaysay, Davao del Sur at (3rd ).

Most improved LGUs

DTI also recognized local government units that significantly improved their performance in the CMCI. For HUC Category, Valenzuela and Malabon shared the top spot, followed by Angeles, Pampanga (2nd) and Paranaque and Caloocan (3rd). For Component City, Meycauayan, Bulacan topped the list, while Tangub, Misamis Occidental and Toledo, Cebu tied in 2nd place. San Jose del Monte, Bulacan ranked 3rd. For 1st-2nd class municipalities, Plaridel, Bulacan is 1st place followed by Pandi, Bulacan (2nd) and Santa Rosa, Nueva Ecija (3rd). For 3rd-6th class municipalities, Poro, Cebu is the top placer, followed by Penaranda, Nueva Ecija (2nd) and Tabina, Zamboanga del Sur (3rd).