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SM Supermalls’ SM China shines at the 2024 ICSC Global Awards

SM Supermalls has once again demonstrated its excellence on the global stage, with SM China taking home four awards at the prestigious 2024 ICSC Global Awards. Held in Las Vegas, this event is the most recognized achievement for professional excellence in the retail industry, encompassing the MAXI Awards, Global Design & Development Awards, and Visual Victories Awards.

Out of thousands of entries worldwide, 70 finalists were selected, culminating in 49 Gold and Silver awards. SM China's projects stood out, earning three Golds and one Silver. Notably, SM Xiamen’s "Hi Tree! We, Forest" project not only secured a Gold in the Community category but was also honored as the "Best of the Best" – the highest recognition at the ICSC MAXI Awards. This project was selected from 22 gold-winning entries across seven categories, marking a significant achievement for SM Supermalls.

"We are incredibly proud of our teams at SM China for their innovative spirit and dedication to creating exceptional experiences for our customers. Winning these awards is a testament to our commitment to excellence in retail and community engagement. This achievement inspires us to continue pushing the boundaries of what is possible in the retail industry," said SM Supermalls President Steven T. Tan.

The award-winning programs of SM are as follows:

SM Xiamen’s Hi Tree! We, Forest

BEST OF THE BEST + GOLD (Community Category)

This innovative project, initiated in collaboration with SeeekLab, focuses on the social integration of people with autism through an accessible new media art exhibition. The initiative garnered significant social recognition, with 447,000 exhibition visitors, engagement from 53 non-profit organizations and enterprises, 15.39 million media impressions, and proceeds from ticket and merchandise sales donated to groups with special needs.

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SM City Chongqing’s Chic Surges, HANGFOOK Occurs

GOLD (Experiential Category)

In celebration of the Year of the Rabbit, SM City Yangzhou broke traditional New Year themes by featuring the internet-celebrated 'HANGFOOK' bunny artwork. This innovative campaign engaged 22,000 new SM members and achieved 2.81 million views of exposure, resonating with diverse communities through a unique malling experience.

SM City Tianjin’s Space Loop

GOLD (Integrated Marketing Initiatives Category)

  Leveraging its 560,000 square meter space, SM City Tianjin partnered with Taihe Music Group to launch Tianjin's first shopping center music festival, attracting 10,000 attendees. The event also featured themed bazaars and trendy sports activities, resulting in 2.8 million visits, a 23.58% increase in tenant sales, and 62.38 million media exposures.

SM City Chengdu’s Chengdu Fun Games

SILVER (Integrated Marketing Initiatives Category)

Integrated with the 31st Summer Universiade, SM City Chengdu's "Tech + Sports + Sales Promotion" events created a vibrant social hub. The initiative led to 157,000 interactions, a 153.8% increase in membership, and a 65.55% and 72.3% growth in foot traffic and sales, respectively, with a total of 7.4 million exposures.

The ICSC Global Awards recognizes the most outstanding and innovative retail projects worldwide, and SM China's success this year underscores its leadership in the industry. As SM Supermalls continues to expand and innovate, it remains dedicated to delivering world-class shopping experiences that resonate with communities and set new standards in retail excellence.

Typhoon Aghon spurs SM South Luzon relief efforts

In response to the damage caused by Typhoon Aghon in South Luzon, SM Supermalls and SM Foundation’s Operation Tulong Express (OPTE) turned over 1,000 Kalinga Packs to affected areas.

SM City Calamba distributed essential Kalinga Packs to 110 families in Barangays Real and Uno in Calamba City. The distribution was led by Mall Management Team and other employee volunteers.

Meanwhile, the SM City San Pablo team reached more than 500 families in Barangays San Roque and San Rafael in San Pablo City, with the entire management team and volunteers ensuring the smooth distribution of the relief packs.

Additionally, SM City Lucena provided 655 relief packs to residents of Purok 7, Barangay Dalahican in Lucena City. This effort was led by Jason Terrenal, Senior Assistant Vice President for Operations. The affected families were grateful to receive support in these challenging times.

These initiatives exemplify the collaborative spirit of SM Foundation’s OPTE, highlighting the dedicated efforts of SM Supermalls and SM Markets employees and volunteers. By coming together during trying times, they demonstrate that collective action can make a significant difference. SM’s commitment to rebuilding lives and communities reaffirms its role as a caring ally to the community.

Pop Into the Holiday Spirit with SM B-Pop Bears of Joy

Because teddy bears still remain an iconic Christmas gift, SM Malls in SM City San Pablo, CM City Calamba , SM City Santa Rosa and SM Center San Pedro, invite shoppers to play Santa and send love to the less fortunate kids with their SM Bears of Joy campaign.

This year, SM is excited to introduce the 2023 BPOP Bears of Joy, inspired by the vibrant worlds of KPop and PPop. These adorable plushies come in four unique designs, collectively known as the BPop Squad 2023, featuring characters like Eya (the rapper), Bin (the dancer), Rina (the leader), and Ace (the vocalist).

What sets this campaign apart is the unwavering commitment to giving back. With each Bears of Joy purchase, shoppers not only gain an adorable companion but also play a pivotal role in making children’s Christmas special. Shoppers can buy a pair of toy bears, where one goes to the customer and the other is left for donation. All collected toy bears will be donated to SM’s chosen beneficiaries. These beneficiaries range from orphanages, child community centers, or related non-government organization.

Get ready to spread joy on November 15, 2023, as the Bears of Joy become available at designated booths at SM Malls in Laguna.

This heartwarming initiative is a collaborative effort between SM Cares, Toy Kingdom, and SM Supermalls, reflecting the true essence of the Christmas season.

Chinabank’s 9-month net income reaches P16.2B

China Banking Corporation (Chinabank, PSE stock symbol: CHIB) recorded P16.2 billion in net income from January to September 2023, 10% higher compared to the same period last year.  This translated to a return on equity of 15.6% and a return on assets of 1.6%.  

Chinabank’s bottom line in the last nine months improved on the back of robust growth from core businesses and lower loan loss provisions.  For the third quarter alone, the bank netted P5.4 billion in profits, up 16% from the same period last year. 

“Chinabank’s sustained growth reflects the successful execution of our business strategies.  Despite the current high interest rate environment, we continue to grow our bottom line by preserving our margins, managing our overall costs effectively, and bringing greater efficiencies to our operations with technology,” Chinabank President & CEO Romeo D. Uyan, Jr. said.

Net interest income grew by 16% to P39.2 billion as the 44% surge in top line revenues cushioned the nearly triple increase in interest expense. Net interest margin was maintained at 4.2%.  

The bank reduced its total credit provisions to P1.3 billion given its stable portfolio quality. Despite this, non-performing loans (NPL) cover remained better-than-industry at 126%.     

Operating expenses increased by 14% to P20.5 billion, driven by higher manpower and inflation-related expenses and bigger volume and revenue-related taxes.  Cost-to-income ratio remained healthy at 50%.   

Chinabank remains as the 4th largest private domestic bank with total assets of P1.4 trillion, up 11% year-on-year.    

Gross loans grew by 10% year-on-year to P765 billion, driven by the 19% expansion in consumer loans, particularly teachers’ loans and credit cards. The bank’s level of bad loans continued to be manageable, posting a better-than-industry average NPL ratio of 2.2%.  

Total deposits increased by 14% to P1.1 trillion resulting to a 49% CASA ratio as term deposits grew year-on-year.

"Our balance sheet remains strong.  A quality loan book has helped us during a period of rising interest rates.  We also continued to optimize our capital structure, maintaining strong capital generation and asset quality,” Chinabank CFO Patrick D. Cheng said.   

Total capital grew by 7% to P141 billion, with Common Equity Tier 1 Ratio at 14.9% and Total Capital Adequacy Ratio at 15.8%, well above the minimum regulatory requirement. Book value per share was at P52.50, up 7%. 

Experience an #AweSM Thanksgiving Celebration at SM Supermalls

With Christmas just around the corner, the Thanksgiving weekend is a time to give thanks by spending a hearty week-long feast with your loved ones at SM Supermalls with these amazing offerings. 

Say a little Thanksgiving prayer for your loved ones

Because it’s Thanksgiving, pause and reflect on the blessings of the past year. On November 26th, SM will be bringing its whole community together to offer thanks for all the blessings received throughout the year in a special Thanksgiving Holy Mass. 

Share a Thanksgiving Roast with the family

Thanksgiving wouldn’t be complete without mouthwatering roast chicken, crispy pata, and lechon platters adorned with plenty of side dishes that will surely treat your taste buds. From November 19 to 26, let SM Supermalls indulge you in a Thanksgiving Roasts Dining Feast and experience a delectable selection of roasted goodness. 

Savor National Thank You Day with special treats

Say ‘Thank You’ to your loved ones with a special treat from McDonald’s and SM Supermalls! On November 23rd– a day dedicated to expressing gratitude– head over to McDonald’s stores in SM malls and discover exclusive Thanksgiving instant upsize or BOGO (Buy One, Get One) offers. 

Friendsgiving is extra special with these party bundles

Make your next dine-out with the squad extra memorable with these Friendsgiving Feast Party Bundles at SM. Perfect for sharing with your best pals. At SM, Thanksgiving is not just about family; it’s also about cherishing treasured bonds with friends. 

Create cherished photos at the Thanksgiving Photo Spots

Create core thanksgiving memories with your loved ones at SM Supermalls’ Thanksgiving Photo Spots. These spots are adorned with fun and playful Thanksgiving party-themed décor, featuring F.R.I.E.N.D.S-inspired props and balloon arc decorations. Fill your IG or your #FYPs with these snaps and share your gratitude with the world!

Thanksgiving is such a perfect time to not just count your blessings, but also create beautiful memories with your loved ones. So, gather your family and friends, head to your nearest SM mall, and experience a heartwarming Thanksgiving celebration filled with love, laughter, and treasured family moments! 

A VERY GOOD GIRL IS NOW SHOWING AT SM CINEMA

The day of the reckoning is coming, mother. Meet two self-made women - Asia's Superstar Kathryn Bernardo playing the provoking role of Phili, and BAFTA and Golden Globe nominee Dolly de Leon as Molly. Unveil the story behind their success, and rage. 

Don't miss the most awaited movie A Very Good Girl, showing from September 27 at SM Cinema so go ahead and set a movie date with your girlfriends.

BUY YOUR TICKETS NOW!

: https://bit.ly/AVeryGoodGirlAtSMCinema 

📱: SM Cinema app

🎟: SM Cinema ticket booths

#AVeryGoodGirl

#AVeryGoodGirlAtSMCinema

The search is over for the perfect cup of Joe!

Experience coffee time at its finest at SM Supermalls this July

Filipinos love their coffee! It’s a staple beverage among Pinoys for a reason: a cup of Joe fuels their day and boosts their energy.

This is why SM Supermalls makes everyone’s coffee time a leveled-up experience with only the best deals and promos for the love of a perfect cup of Joe! 

Grab the best in-store coffee time deals

From July 1 to 16, coffee lovers can get over 800 deals available on artisan and specialty iced coffee from well-loved coffee shops at SM. There will also be hot bundles and pairings for those who love their coffee piping hot.

Where art, coffee, and locals come together 

A consideration among avid coffee drinkers is having the ambiance to the perfect cup and conversation. Look no further because trendy spots are up at SM! Your favorite malls will set up booths where coffee-preneurs can sell their products. Treat your senses to different blends and varieties of coffee made by a pop-up of small and medium businesses owned by the locals in your area. These spots will have comfortable lounges and eye-catching art backdrops. 

Baristas will also show off their skills at the Barista Face-Off, while musicians fill the lounge with mellow music on weekends from July 1 to 16. 

Let your #CoffeeTok skills shine through

If you are on TikTok, this is your sign to make the most creative content about coffee! AweSM prizes are at stake for the best Coffee Hangout TikTok entries, with the most likes and views. For details on how to join, go to @SMSupermalls on all social media.

Enjoy an adventurous ride and sip at the same time

Just outside the malls, SM will be dressing up designated areas for a Coffee Time Biker’s Pit Stop. Bike, stop, and sip your fave drink as SM creates a special stop where bikes may be temporarily parked near the café or at the malls with available open areas or al fresco.

Whether it’s a morning pick-me-up or a midday break, SM Supermalls makes coffee time even more special with its own blend of caffeinated activities from July 1 to 16.