SM to open 5 more malls in Mindanao; expects to generate 15,000 jobs (excerpt)

Feb 16, 2017 - Minda News by Antonio L. Colina IV

DAVAO CITY (MindaNews/ 15 Feb) — The Henry Sy-led SM Supermalls will construct five new malls in the next three years in Mindanao with a potential to generate 15,000 jobs, Oliver John Tiu, SM Supermalls vice president for operations-Mindanao, said.

Tiu told reporters during a business forum Tuesday that the new constructions will bring to nine its total number of malls in Mindanao by end of 2020.

SM Supermalls has 60 malls nationwide, four of them in Mindanao  — two in Davao City (SM City Davao in Ecoland and SM Lanang Premier in Lanang)  and one each in General Santos and Cagayan de Oro cities.

Tiu said the five malls they will construct will be an additional branch each in Davao City (Toril), and Cagayan de Oro.  Toril; another in Cagayan de Oro; and one each in the cities of Zamboanga, Butuan and Tagum.

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