SM Prime marks 30th anniversary with record-breaking income, PHP 100 billion investment for 2024

by Info @Brand Zone | April 25, 2023

SM Prime’s (L-R): Assistant Corporate Secretary Arthur Sy, Corporate Secretary Atty. Elmer Serrano, Chief Finance Officer and Chief Compliance Officer John Nai Peng Ong, President Jeffrey Lim, Independent Director Atty. Darlene Marie Berberabe, Chairman of the Board Henry Sy Jr., Vice Chairman and Lead Independent Director Amando Tetangco Jr., Non-Executive Director Herbert Sy, Chairman of the Executive Committee Hans Sy, and Non-Executive Director Jorge Mendiola

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

From Left to Right, Top to Bottom: Lanson Place, SM Development Corporation (SMDC) Turf Residences, SM City Yangzhou in China, SM Mega Tower, SM Mall of Asia Complex, and SM City North EDSA

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

4 New SM Malls in 2024: SM City Caloocan, SM City J Mall, SM City Laoag, and SM City La Union

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

From Left to Right, Top to Bottom: SM Foundation’s Grow Trees Community Program, SM Cares’ Bike-Friendly Program, ARISE Philippines Chairperson Mr. Hans Sy and Members, SM Supermalls x Bureau of Fire Protection’s (BFP) Nationwide Simultaneous Fire Drill, SM Supermalls’ Electric Vehicle (EV) Charging Stations, and SM Prime’s Solar Rooftop Project

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.

Ang Nationwide SM Supermalls job fair ay nag-aalok ng on-the-spot hiring

by Info @Brand Zone | April 24, 2023

Bilang pagkilala sa pangarap ng mga Pilipino na makakuha ng makabuluhang trabaho, ginagampanan ng SM Supermalls ang isang mahalagang papel sa pagkakonekta ng mga Pilipinong may talento sa mga oportunidad sa trabaho sa pamamagitan ng pagho-host ng pinakamalaking mall-based job fair at pagbibigay ng pagkakataon na maging Hired-on-the-Spot (HOTS).

Sa buong Pilipinas, nakakakuha ang mga Pilipino ng mga karera sa SM Job Fair.

Sa pakikipagtulungan sa Department of Labor and Employment (DOLE), Public Employment Service Offices (PESO), mga Local Government Units (LGUs), ang Private Sector Advisory Council (PSAC) Jobs Committee, iba't ibang mga asosasyon ng industriya, at SM Retail; ang SM Supermalls - isang matatag na katuwang ng DOLE mula pa noong 2008 - ay magho-host ng isang serye ng mga job fair na nakatakda sa mga sumusunod na petsa:

• April 26: SM City Rosales

• April 30: SM City Taytay

May 1:

• SM City North Edsa

• SM Mall of Asia

• SM City Grand Central

• SM City Valenzuela

• SM City Fairview

• SM City Novaliches

• SM City San Jose Del Monte

• SM Southmall

• SM City Sta. Mesa

• SM City Baguio

• SM City Tuguegarao

• SM City Olongapo Central

• SM City Balanga Bataan

• SM City Pampanga

• SM City Marilao

• SM City Santa Rosa

• SM City Puerto Princesa

• SM City Daet

• SM City Bacolod

• SM Seaside City Cebu

• SM CDO Downtown

• SM City Davao

• May 2: SM City Rosario at SM City Roxas

• May 4: SM City San Pablo

• May 6: SM City San Pedro

• May 9: SM Mall of Asia

• May 10: SM Center Pulilan

Isang pasilip sa SM City Sta. Mesa Job Fair noong nakaraang Abril.

Nakatutok ang SM sa pagbibigay ng pagkakataon sa mga Pilipino at nagho-host ng lingguhang job fair sa iba't ibang SM Malls sa buong bansa sa layuning maalis ang geograpikal na mga hadlang sa pagtatrabaho. Mula Enero 2024, ang mga lingguhang job fair na ito ay mag-uugnay ng higit sa 800 na mga employer sa higit sa 15,000 na mga naghahanap ng trabaho, na may kahanga-hangang 15% na nakakatanggap ng on-the-spot na alok sa trabaho.

Na-hired on the spot! Isang naghahanap ng trabaho ang nakamit ang tagumpay sa SM City Dasmariñas Job Fair noong nakaraang linggo.

Sa pamamagitan ng masusing pagkakakonekta ng mga naghahanap ng trabaho sa mga lider ng industriya sa retail, pagkain at inumin, Information Technology (IT), at Business Process Outsourcing (BPO), ang mga job fair ng SM ay higit pa sa simpleng pag-uugnay ng mga indibidwal. Ang mga job fair na ito ay nagbibigay ng katiyakan na ang mga kumpanya ay makakakita ng tamang talento na maaaring makatulong sa kanilang pag-unlad, habang sinusuportahan ang pag-unlad ng ekonomiya ng Pilipinas at paglikha ng mas maraming oportunidad sa trabaho para sa mga Pilipino.

Tingnan ang mga iba't ibang oportunidad sa karera sa SM

Ang SM Retail, SM Store, at SM Supermalls ay aktibong nagre-recruit, kasama ang kilalang mga kumpanya tulad ng Ace Hardware, Baby Company, Crocs, Dyson, Forever 21, Kultura, Miniso, Our Home, SM Appliance Center, SM Fashion, SM Home, Sports Central, Stationery, Surplus, The Body Shop, Toy Kingdom, Pet Express, Snack Exchange, at Uniqlo. 

Interesado ka ba sa mga trabaho sa retail o grocery? Ang SM Markets, kasama ang SM Hypermarket, SM Supermarket, Savemore Markets, Alfamart, at Waltermart, ay nag-aalok ng iba't ibang mga pagpipilian sa trabaho. 

"At SM, we believe job creation is fundamental to national development," sabi ni SM Supermalls' President Steven Tan. "Our SM Job Fairs are a testament to this commitment, providing Filipinos with the platform and resources they need to thrive and contribute to the country's growth."

Ang mga detalye ng SM Supermalls Job Fair ay maaaring magbago. Para sa pinakabagong mga update sa mga lokasyon at oras, bisitahin ang www.smsupermalls.com o sundan ang @SMSupermalls sa social media.

DENR to launch Earth Day Every Day Project to fortify fight vs plastic

by Info @Brand Zone | April 21, 2023

The Department of Environment and Natural Resources (DENR) is launching on April 22 the Earth Day Every Day Project to mobilize the youth in curbing plastic pollution and to strengthen the fight against the use of plastic.

Boy and Girl Scouts from different schools will compete in a final weigh-in to conclude their plastic drive at the SM Mall of Asia on April 22, where the class with the most plastic wins.

Earth Day Every Day Project is a plastics collection competition among students nationwide. It aims to engage the youth on the importance of recycling plastics and to foster a culture of environmental responsibilities in line with the values of scouting. 

DENR Secretary Maria Antonia Yulo Loyzaga will be joined by SM Supermalls’ President Steven Tan, SM Prime Holdings, Inc. Assistant Vice President Jessica Bianca Sy, Nestle Philippines Inc. Corporate Affairs Head Senior Vice President Joey Uy, Boy Scouts of the Philippines (BSP) Secretary General Kim Robert de Leon, and Girl Scouts of the Philippines (GSP) National President Cristina Lim-Yuson in signing the Pledge of Commitment for the project to be held in Pasay City.

“The Earth Day Every Day Project advocates the promotion of feasible methods to reduce waste and foster a culture of sustainability among the youth and communities, and motivates participation through incentives. For this, we thank SM Supermalls, Nestle, and the Boy and Girl Scouts of the Philippines for their invaluable support and collaboration. Their robust presence and proactive engagement will serve as a multiplier effect in our advocacy efforts,” said Loyzaga.

To combat plastic pollution in the country, the DENR advocates for a circular economy where all plastic applications are reused, recycled, and responsibly managed during and after use while enabling a lower greenhouse gas emissions plastic economy.

“Regenerating our planet has long been our advocacy at SM – through our many initiatives in recycling water and repurposing solid waste as well as the use of renewable energy. Through this program, we aim to motivate students to collect plastics within their communities and bring them to our collection facilities at the nearest SM mall. Active participation and a friendly competition among the students will make this activity not only relevant but fun,” said SM Prime Holdings, Inc. Assistant Vice-President Jessica Bianca Sy.

"At Nestlé Philippines, we recognize that partnerships are essential in urgently and effectively tackling the plastic waste crisis. And so, we work closely with our partners in implementing environmental sustainability initiatives. These include solid waste management education for 11 million public school students and capacity building for over two thousand community leaders nationwide. In collaborating with the DENR, we will be able to build greater synergies to fulfill our shared responsibility to nurture the health of the planet which we call our home,” said Nestle’ Philippines Inc. Corporate Affairs Head Senior Vice President Joey Uy.

On April 22, student scouts from the BSP and GSP from various schools will bring the plastic items they collected including plastic bottles and plastic bags for a weigh-in at SM Mall of Asia. The class with the highest volume of plastic items will win a prize.

Students may bring the plastics they have collected to designated SM Supermalls collection facilities in the cities of Pasay, Marikina, Pasig, Manila, and in Quezon City for the National Capital Region, and in Bulacan, Pampanga, Cavite, Cebu, and Davao. This project aligns with SM Supermalls' existing plastic waste collection initiatives.

Points will be assigned according to the type of plastic collected. Every month, prizes will be awarded to the class with the highest points, and at the end of the year, to the school with the highest-pointer classes. 

The project is in line with this year’s Earth Day celebration theme, Planet vs Plastic which “calls to advocate for widespread awareness on the health risk of plastics, rapidly phase out all single use plastics, urgently push for a strong UN Treaty on Plastic Pollution, and demand an end to fast fashion, and build a plastic-free planet for generations to come.”