daily menu » rate the banner | guess the city | one on oneforums map | privacy policy | DMCA | news magazine | posting guidelines

Go Back   SkyscraperCity > Asian Forums > Philippine Forums > Projects and Construction > Philippine Projects on the Rise > Mindanao



Global Announcement

As a general reminder, please respect others and respect copyrights. Go here to familiarize yourself with our posting policy.


Reply

 
Thread Tools
Old September 28th, 2012, 11:14 PM   #1
Franz-Bxu
Legendary Outlaw
 
Franz-Bxu's Avatar
 
Join Date: Jun 2009
Location: Nova Corps HQ, Xandar
Posts: 2,445
Likes (Received): 689

BUTUAN | SM City Butuan [5F|com]

Read the press releases carefully.
It's BUTUAN's turn to have an SM mall!


Quote:
New SM mall opens in Davao

DAVAO CITY -- SM Prime Holdings, Inc. is planning to set up five additional shopping malls in Mindanao in the next five years.

At Friday’s (Sept. 28) opening of SM Lanang Premier Hans T. Sy, company president, said the construction of two shopping malls will start next year in the cities of Cagayan de Oro and Butuan. “Mindanao is greatly overlooked,” Mr. Sy said, adding that SM Prime has started negotiations for the location of the three other planned malls that are eyed within the next four years.

SM Prime is operating two shopping malls in this city, one in Cagayan de Oro and one in Gen. Santos City.

With the opening of its newest shopping mall in Mindanao, the company is optimistic that the island will be able to contribute at least 8% of the group’s shopping mall revenue. The company has 46 malls nationwide. -- C. Q. Francisco
Quote:
SM plans five more malls in Mindanao

DAVAO CITY, Philippines—Giant mall operator SM Prime Holdings is so bullish about Mindanao consumers, whom it considers power buyers, that it plans to build five more malls on the island within the next four years.

Hans Sy, president of SM Prime Holdings, said that based on a survey conducted by SM Prime Holdings, “Mindanao has a very strong buying power, stronger compared to Metro Manila.”

Metro Manila’s only advantage over Mindanao, he said, was that there were more consumers there. “But per transactions average, Mindanao turned out to have a stronger buying power,” he said.

This strong buying power among Mindanao consumers has encouraged SM Prime Holdings to expand its business on the island.

“Next year we will be opening another SM mall in Cagayan de Oro City (CDO) and another in Butuan City,” he said.


Sy described the upcoming second CDO SM Mall as similar to the one the company has in Olongapo City while the Butuan SM Mall will be similar to the newly opened General Santos City mall.

Negotiations, he said, were ongoing for the building of three more SM malls in Mindanao.

“We have already identified the three sites and negotiations are ongoing,” he said without saying where these malls were to be put up.

When all these are completed, SM will have nine malls in Mindanao.

Sy said SM Prime Holdings was confident the existing four SM malls in Mindanao will contribute 6 to 8 percent of the total revenues of SM malls in the country.

“We are so impressed with the performance of our Mindanao malls. The island has a lot of potential,” he said.

Sy admitted that SM came to Mindanao “a little bit late because we were so focused on the Luzon area.”

Currently, there are 46 malls operated by the Sy family all over the Philippines.

Sy said SM was trying to help spur the country’s development by providing economic opportunities outside Metro Manila.

He said SM Lanang Premier, whose opening he graced on Friday, has 7,000 employees now, including salesgirls, managers, security guards and service crew, and 3,000 more will be hired as the mall and the Park Inn Hotel within it go into full operation.

Most Philippine department stores employ salesgirls on five-month contracts only.

http://business.inquirer.net/84580/s...ls-in-mindanao
Quote:
Sy: PHL economy teeters over strengthening peso
Monday, November 19, 2012
Source: Business Mirror By Manuel T. Cayon / Reporter

LAS Piñas City—Several sectors, including the retail trade and the critical overseas remittances, are nearing their critical buoyancy over the perceived threatening strength of the peso, according to Hans Sy, president of the SM Prime Holdings Inc.

“It should not go below P40 [to the US dollar],” Sy said in a huddle with reporters covering the launching of the upgraded SM Southmall here, from its status as one of the SM supermalls to one of only five premier, or luxury malls of the SM chain of malls.

A strengthened peso may be good for import activities due to the affordability of import items, but he said that this item could be easily overwhelmed by an expected dampening of the export sector, for instance, where exporters may find it hard to sell their products because it would mean an expensive product for foreign importers.

But he said the overseas Filipino workers (OFW) would be one of the sectors to absorb a direct effect over the declining value of their earnings remitted to their families in the Philippines.

“Consumer spending is doing fine and is expected to continue its strong showing ahead. But a very strong peso would force Filipino families, especially those depending on remittances abroad, to cut back on their spending,” he said.

He said remittances of more 10 million Filipinos have been one of the major drivers of the economy. They already remitted $17.32 billion this year up to September, according to bank records gathered by the Bangko Sentral ng Pilipinas (BSP).

The BSP said the amount could reach not less than $24.24 billion, as the Asian Bankers Association disclosed that about 40 percent of actual remittances sneak through informal channels.

“It’s not only the retail sector that is expected to suffer,” he warned. “Everybody, including the BPO [business-process outsourcing] would be affected.”

The SM Prime Holdings Inc., the country’s biggest mall developer, was set to spend at least P30 billion next year, with up to P13 billion to be spent on China alone, SM Prime Chief Financial Officer Jeffrey Lim earlier told reporters.

The spending of the SM Prime Holdings would be the biggest and formed part of the overall spending of the mother unit, SM Investments Corp., set for next year at P65 billion to help the Sy group of companies seek sustained earnings and spur growth of its core businesses.

Sy reiterated SM’s earlier announcement that the company would put up its regional shopping mall in Butuan City, and a multi-level mall and business building in Cagayan de Oro in the next two years, and three other malls in the three years thereafter.

Annie Garcia, president of the Shopping Center Management Corp., said the SM would open this year its fifth mall in China in Chongquing, a major city in central China. SM has been buoyed up by strong revenue showing of its SM City and SM Lifestyle mall in Xiamen, and two SM City mall in the cities of Jinjiang and Chendu.

Last edited by Franz-Bxu; June 24th, 2013 at 10:52 AM.
Franz-Bxu no está en línea   Reply With Quote

Sponsored Links
 
Old September 29th, 2012, 01:30 AM   #2
BOB-bXu
BXU:stepping on your tail
 
BOB-bXu's Avatar
 
Join Date: Jun 2006
Posts: 1,496
Likes (Received): 167

wowowow ^

SM City Butuan coming fast up



keep em coming
__________________
...



" Butuan is a progressive city that is increasingly becoming the commercial and business hub of northeastern Mindanao. We are glad to be part of its development through this project ”
-- Arlene G. Magtibay, Robinsons Land Commercial Centers Division General Manager

..
BOB-bXu no está en línea   Reply With Quote
Old September 29th, 2012, 01:33 AM   #3
BOB-bXu
BXU:stepping on your tail
 
BOB-bXu's Avatar
 
Join Date: Jun 2006
Posts: 1,496
Likes (Received): 167

Butuan was consitently mentioned in all their press releases as the next immediate site...starting with the prior opening of their Gensan mall.....and then now with their SM Lanang opening.....Butuan is always mentioned by no less than the SM Primes big man Hans Sy
__________________
...



" Butuan is a progressive city that is increasingly becoming the commercial and business hub of northeastern Mindanao. We are glad to be part of its development through this project ”
-- Arlene G. Magtibay, Robinsons Land Commercial Centers Division General Manager

..
BOB-bXu no está en línea   Reply With Quote
Old September 29th, 2012, 02:24 AM   #4
jsl_bxu1206
Registered User
 
jsl_bxu1206's Avatar
 
Join Date: Jan 2009
Location: Butuan
Posts: 257
Likes (Received): 30

We still don't know the location of this and when will this be completed. Too early to have this thread.
__________________
"Character is like a tree and reputation like a shadow.
The shadow is what we think of it; the tree is the real thing.."
---Abraham Lincoln
jsl_bxu1206 no está en línea   Reply With Quote
Old September 29th, 2012, 04:01 AM   #5
Fahdingding
Student of History
 
Fahdingding's Avatar
 
Join Date: Jan 2009
Location: General Santos City
Posts: 990
Likes (Received): 8

It's a self - fulfilling prophecy... sooner or later magkaka - SM talaga ang BXU.. But now, we already know WHEN that will happen:

NEXT YEAR!

Congratulations BXU!
__________________
The fact that Mindanao has remained a "land of promise" because it is promised to the displaced people of Luzon and the Visayas. It is, otherwise speaking, governed like a "dumping colony" for the undesirables of the two other regions. At the same time Mindanao serves as a "milking cow" for corporate wealth." - Datu Michael Kudarat Mastura
Fahdingding no está en línea   Reply With Quote
Old September 29th, 2012, 04:02 AM   #6
Generals
Registered User
 
Generals's Avatar
 
Join Date: Jul 2011
Location: Gensan
Posts: 1,380
Likes (Received): 38

Too early for this thread. IMO
__________________
Kami na'y sunod.


Wellspring Of Winners - Gensan
Generals no está en línea   Reply With Quote
Old September 29th, 2012, 04:08 AM   #7
Fahdingding
Student of History
 
Fahdingding's Avatar
 
Join Date: Jan 2009
Location: General Santos City
Posts: 990
Likes (Received): 8

Sige lang... at least may mapaguusapan na sila... including us!
__________________
The fact that Mindanao has remained a "land of promise" because it is promised to the displaced people of Luzon and the Visayas. It is, otherwise speaking, governed like a "dumping colony" for the undesirables of the two other regions. At the same time Mindanao serves as a "milking cow" for corporate wealth." - Datu Michael Kudarat Mastura
Fahdingding no está en línea   Reply With Quote
Old September 29th, 2012, 04:09 AM   #8
jsl_bxu1206
Registered User
 
jsl_bxu1206's Avatar
 
Join Date: Jan 2009
Location: Butuan
Posts: 257
Likes (Received): 30

Quote:
Originally Posted by Generals
Too early for this thread. IMO
I agree.
__________________
"Character is like a tree and reputation like a shadow.
The shadow is what we think of it; the tree is the real thing.."
---Abraham Lincoln
jsl_bxu1206 no está en línea   Reply With Quote
Old September 29th, 2012, 04:15 AM   #9
ammboon
Registered User
 
ammboon's Avatar
 
Join Date: Jul 2012
Posts: 260
Likes (Received): 0

At least we have BXU threads aside from the Robinsons thread. And besides, its just three months down the road.. That is quick. But I guess we should wait for a render before we speculate.
ammboon no está en línea   Reply With Quote
Old September 29th, 2012, 04:26 AM   #10
popohat
KUK!!!!!!!!!
 
popohat's Avatar
 
Join Date: May 2011
Location: Cagayan de Oro
Posts: 169
Likes (Received): 28

Congrats Butuan!!! Never visited this city pa, hopefully soon
__________________
the internet is not my life, do whatever this account deserves. :)
popohat no está en línea   Reply With Quote
Old September 29th, 2012, 04:32 AM   #11
Generals
Registered User
 
Generals's Avatar
 
Join Date: Jul 2011
Location: Gensan
Posts: 1,380
Likes (Received): 38

Pag kaning SM ug Robinsons mu.open na sa Butuan.. Ganahan na jud ko mubalik.balik dira.
__________________
Kami na'y sunod.


Wellspring Of Winners - Gensan
Generals no está en línea   Reply With Quote
Old September 29th, 2012, 04:40 AM   #12
picachu
BANNED
 
Join Date: Sep 2012
Posts: 47
Likes (Received): 0

Ang mangyari sa Butuan parang yong sa Gensan.after ng Robinsons Mall,next SM na.. Congrats!
picachu no está en línea   Reply With Quote
Old September 29th, 2012, 04:46 AM   #13
Generals
Registered User
 
Generals's Avatar
 
Join Date: Jul 2011
Location: Gensan
Posts: 1,380
Likes (Received): 38

Quote:
Originally Posted by picachu View Post
Ang mangyari sa Butuan parang yong sa Gensan.after ng Robinsons Mall,next SM na.. Congrats!
Oo maayo na kay para kita tanan maglambo dili lang kay isa o duha o tatlo. Pero 2 years pa nagkamang ang Robinsons sa Gensan tungod kay KCC before ni.enter si SM... Mao hantud karun nagkamang gihapon.
__________________
Kami na'y sunod.


Wellspring Of Winners - Gensan
Generals no está en línea   Reply With Quote
Old September 29th, 2012, 04:46 AM   #14
boju2
gigaGO Philippines!
 
boju2's Avatar
 
Join Date: Nov 2007
Posts: 2,337
Likes (Received): 18

Nice one, maggukod ang Robi ug SM diay
__________________
s u p e r c a l i f r a g i l i s t i c e x p i a l i d o c i o u s !


SSC is a forum in helping nation building.
boju2 no está en línea   Reply With Quote
Old September 29th, 2012, 04:56 AM   #15
coffeeworld
Sa masuya maulit
 
coffeeworld's Avatar
 
Join Date: Apr 2011
Location: butuan city
Posts: 226
Likes (Received): 149

Bahala na kung EARLY ang ROB thread man gani Perti ka EARLY...jhaha
coffeeworld no está en línea   Reply With Quote
Old September 29th, 2012, 05:02 AM   #16
ploi2.cu
Registered User
 
ploi2.cu's Avatar
 
Join Date: Sep 2012
Location: historic city of butuan
Posts: 289
Likes (Received): 30

Wow! After rob, sm dayun. Woah! Excitd nko sa duha ka malls
__________________
BUTUANONG DAKU
ploi2.cu no está en línea   Reply With Quote
Old September 29th, 2012, 06:55 AM   #17
BroiledGum
Mister
 
BroiledGum's Avatar
 
Join Date: Sep 2010
Location: Davao
Posts: 673
Likes (Received): 32

The malls sm opened this year were all impressive, i have no doubts sm butuan and cdo will continue to impress.
__________________
i <3 davao!
BroiledGum no está en línea   Reply With Quote
Old September 29th, 2012, 07:15 AM   #18
Taegon
Bulawanong Paghinagalaay
 
Taegon's Avatar
 
Join Date: Apr 2008
Location: Cagayan de Oro
Posts: 1,924
Likes (Received): 290

Congrats Bxu!

The three remaining malls to be built by SM after CdeO and Bxu then in Mindanao will be in Zamboanga, Tagum, and perhaps Pagadian or Iligan IMO.
Taegon no está en línea   Reply With Quote
Old September 29th, 2012, 07:23 AM   #19
BOB-bXu
BXU:stepping on your tail
 
BOB-bXu's Avatar
 
Join Date: Jun 2006
Posts: 1,496
Likes (Received): 167

Quote:
Originally Posted by Taegon View Post
Congrats Bxu!

The three remaining malls to be built by SM after CdeO and Bxu then in Mindanao will be in Zamboanga, Tagum, and perhaps Pagadian or Iligan IMO.
I am looking at their trend of movement...

first they fortified the south by adding two malls (Gensan and Lanang Premiere) plus expanding the Ecoland mall = 3 for south min

then its the north's turn next year with SM Butuan and a second SM in Cdo = 3 for north

likely they will be on the west na with Zambo....and the east with Tagum

then to beef up its Zampen...will be another SM near zambo...could be Pagadian or Dipolog

but I am banking on Iligan...since its the remaining HUC mid size city in the list capable of attracting an SM development..... once that pryce property buy out with RLC is finished....it will surely catch attention from SM prime to take a look at Iligan
__________________
...



" Butuan is a progressive city that is increasingly becoming the commercial and business hub of northeastern Mindanao. We are glad to be part of its development through this project ”
-- Arlene G. Magtibay, Robinsons Land Commercial Centers Division General Manager

..
BOB-bXu no está en línea   Reply With Quote
Old September 29th, 2012, 07:25 AM   #20
rodincouch
Davaoeño
 
rodincouch's Avatar
 
Join Date: Nov 2008
Location: Davao-Tagum-New Corella
Posts: 1,679
Likes (Received): 18

Congrats BXU!
rodincouch no está en línea   Reply With Quote


Reply

Thread Tools

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off



All times are GMT +2. The time now is 07:33 PM.


Powered by vBulletin® Version 3.8.8 Beta 1
Copyright ©2000 - 2014, vBulletin Solutions, Inc.
Feedback Buttons provided by Advanced Post Thanks / Like v3.2.5 (Pro) - vBulletin Mods & Addons Copyright © 2014 DragonByte Technologies Ltd.

vBulletin Optimisation provided by vB Optimise (Pro) - vBulletin Mods & Addons Copyright © 2014 DragonByte Technologies Ltd.

SkyscraperCity ☆ In Urbanity We trust ☆ about us | privacy policy | DMCA policy

Hosted by Blacksun, dedicated to this site too!
Forum server management by DaiTengu