Why it’s good to be a mall operator in the Philippines right now

There’s a rocket under mall rents in the Philippines. SM Investments, the holding company for separate business units involved in retail, property and banking, has given investors an encouraging update on its business performance and strategy, along with its annual report released on April 8. One of the company’s components, SM Prime, is the largest mall operator in the Philippines with more than 20,000 tenants. Like its major peers in the Philippines’ Big 3 of mall development, Ayala Mall

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