What: SM holding is planning to open 4 new malls, 3 of which are in new regions.

Why it is important: SM expands in every retail format but makes sure they own all walls as well.

SM Investments Corporation is actively enhancing its footprint across the Philippines, aiming to broaden its influence in various sectors including retail, real estate, hospitality, banking, and logistics. e company is poised to open four new malls through its property division, SM Prime Holdings. These will include one in Metro Manila and three others in provincial locations, reflecting a strategic geographical diversification.

In addition to its mall expansion, SM Investments is planning significant growth in its grocery segment. The company's minimart chain, Alfamart, is set to augment its network by adding at least 400 new stores by year-end.

SM Investments plots expansion to more regions in the Philippines