SM Prime Holdings to spend P80B in 2021

SM PRIME Holdings Inc. sets P80 billion for its 2021 capital expenditures, focusing on its mall and residential business segments, with due consideration to the challenges brought about by the Covid-19 pandemic.

Likewise, SM Prime’s board of directors approved the declaration of cash dividends of P0.082 per share, amounting to P2.368 billion to all stockholders of record as of May 5, 2021, payable on or before May 19, 2021.

This 2021, SM Prime is scheduled to open three new malls in the Philippines provided that quarantine measures are eased and with utmost concern for people’s safety.

Along with this, the firm aims to launch 15,000 to 20,000 residential units with its primary residential business segment, SM Development Corp., sustaining its growth in the previous year amidst the pandemic. (PR)


SunStar website welcomes friendly debate, but comments posted on this site do not necessarily reflect the views of the SunStar management and its affiliates. SunStar reserves the right to delete, reproduce or modify comments posted here without notice. Posts that are inappropriate will automatically be deleted.

Forum rules:

Do not use obscenity. Some words have been banned. Stick to the topic. Do not veer away from the discussion. Be coherent. Do not shout or use CAPITAL LETTERS!

Create your own user feedback survey