Tuesday, February 14, 2017

SM plans 5 new malls in Mindanao until 2020

DAVAO CITY -- SM Prime Holdings Inc. is setting up five new malls in Mindanao between now and 2020, including its second one in Cagayan de Oro City that is set to open by mid-2017, a company official announced.

Oliver John R. Tiu, vice-president for operations, said in a press conference here that the company is eyeing 15 additional malls nationwide by 2018, three of which will be in Mindanao.

SM’s second mall in Cagayan de Oro, the SM CDO Downtown Premier, will be its biggest in the southern island in terms of floor area at 150,000 square meters (sq.m.), about 20,000 sq.m. more than the SM Lanang Premier in Davao City.

Two other malls are targeted for opening in 2018, one in Butuan City in the Caraga Region and the other in Tagum City, Davao del Norte province.

The two others being planned are in Zamboanga City and Toril in the southwestern part of Davao City.

“We are still completing our market study (for Zamboanga City),” said Mr. Tiu, noting that the company is considering either building a new mall or expanding a department store, which it currently co-owns with a local firm.

The proposed mall in Toril would be SM’s third in Davao City, where SM Prime built its first Mindanao branch -- the SM City Ecoland -- in 2001.

Mr. Tiu said the planned Toril mall is positioned to also serve the consumer markets in southern and central parts of Mindanao, particularly the provinces of Davao del Sur, Davao Occidental and North Cotabato.

“On the average, the company spends about P2 billion for every new mall,” Mr. Tiu said.

Sold-out Martin and Lani Valentine concert

I don’t know why I’m still writing this since it won’t in any way help in the ticket sales because there’s nothing to sell anymore. Ms. Ana Puno, the producer of the Martin Nievera-Lani Misalucha Valentine show “Masquerade,” said the duo’s Feb. 14 show at the Solaire Resort & Casino ballroom has sold-out shortly after it was announced. But anyway, a Martin-Lani show will always be good news, especially since “Masquerade” will also be on a road tour in the US and Canada middle of this year.
Last year, Martin and Lani teamed up in their first major concert in San Diego, California and, you guessed right, the two-night shows sold-out. The success of their first team-up prompted Anna to stage it in the country via the love-themed “Masquerade,” first staged last Feb. 12 at the Waterfront Hotel in Cebu City. It will be staged anew at the Solaire ballroom on Feb. 15.
Expect Martin and Lani to sing their classic hits, among them “Kahit Isang Saglit,” “Ikaw Ang Aking Pangarap,” “Be My Lady,” and “Say That You Love Me,” “Bukas Na Lang Kita Mamahalin” and “Tunay Na Mahal.” By the way, Martin and Lani were named Concert Performers of the Year at the 8th PMPC Star Awards for Music.
The musical director of “Masquerade” is Louie Ocampo, stage director is Rowell Santiago. The show is for the benefit of the Rotary Club of Makati East, Rotary International Association of Chiefs of Police of the Philippines Inc., Affiliated NGOs and Anti-Illegal Drugs Group PNP.
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Tidbits: Happy b-day greetings today, Feb. 14, go to former Sen. Juan Ponce Enrile, Princess Monjera Alonto Disini, Kris Aquino, Rico J. Puno, Heart Evangelista, John Prats, Donna Cruz-Larrazabal, Noreen Marbella, Remedios M. Llave, Joanne Lorenzana, Maricel B. Mendoza of DepEd-Gen. Emilio Aguinaldo National High SchoolImus, Rosa King, George Tagle, Lenny Tulio, Jet Manansala, Maira Luz Chua, Mrs. Jovith Balbanero, Chi Bayani and Maryjane Allanigue of PCSO PR Dept., Annabelle V. Francisco, JC de los Reyes, Prince Matthew Villaroel, Christina Espina Ejercito, Tony Lebron Atayde, Ces Montejo, Julius Cruz Cruzal, Victoria R. Velasco, Mandy Navasero, Ana Acelajado, Daniel Montes, Efmarie Martinez, Love Joie G. Juan, and Roxanne Guinoo... Happy wedding anniversary to Miguel Carlos Mauban & Stephanie Marie Bernardino and US-based Ernesto and Haydee Talampas (nee Lagana)...Feb. 15: Gina de Venecia, Carlo Orosa, Shyr Valdez, Isabelita Tapia-Paterno, Nicky V. Salandanan, Agnes Cabrera, Mitzi Pickard, Jeru Pakingan Cajapin, Bianca Nery, Carlo Arreglado Orosa, Nica Lopa and Nicco Cezar of Star Magic…