You are here

Philippine mall giant eyes China expansion

"It's the middle market. The (Chinese) government guideline is they don't want super luxurious condos anymore," said Mr Sy.


PHILIPPINE shopping mall giant SM Prime, owned by the country's richest man, plans to invest 200 billion pesos (S$6.1 billion) over the next two years locally and in China, the company said on Tuesday.

The expansion programme is aimed at doubling its earnings from the 2013...

BT is now on Telegram!

For daily updates on weekdays and specially selected content for the weekend. Subscribe to