Retail and Malls
SM Prime Holdings is the parent company of the SM Group's shopping malls. It is the largest shopping mall and retail operator in the Philippines. It was incorporated on 6 January 1994 byFilipino-Chinese entrepreneur Henry Sy to develop, conduct, operate and maintain SM commercial shopping centers and all businesses related thereto, such as the lease of commercial spaces in the compound of shopping centers. It went public on 5 July 1994 and subsequently grew to become the largest company listed on the Philippine Stock Exchange in terms of revenue. The company's main sources of revenues include rental income from mall and food courts, cinema ticket sales and amusement income from bowling and ice-skating. As of this year,[when?] SM Prime become one the largest shopping mall chains in the world with 40 supermalls with eight proposed/under construction. Its largest mall and first of all SM malls is SM City North EDSA. Alongside is the once-largest mall in the country, SM Mall of Asia and the largest mall for a 15-year period, SM Megamall.
SM Prime operates the following:
• SM Department Store
SM Department Store is the foundation of SM and the country's leading lifestyle and fashion chain. SM Department Store has served Philippine shoppers for 50 years, becoming the only country who has more than 100 department stores. SM holds more than 50 SM Department Stores nationwide.
• SM Supermarket
SM Supermarket is the country's top supermarket chain. With an extensive, nationwide presence and employing state of the art retailing technology, it offers food and non-food products.
• SaveMore Market
• SM Hypermarket
SM Hypermarket is a rapidly growing retail chain, selling wet market, grocery, general merchandise, and discount products.
• Pilipinas Makro, Inc. (Makro)
Pilipinas Makro, Inc. (Makro) is the one-stop leading retail chain. Now it is a member of SM Group.
Banking
• Banco De Oro is the largest bank in the