Latest news with #StevenTan
GMA Network
7 days ago
- Business
- GMA Network
SM Prime to spend P7B to redevelop SM Megamall
SM Megamall Building A fifth floor garden will have an ETFE roofing system, a lightweight, highly transparent and eco-friendly alternative to glass that allows more natural light into the indoor garden. SM PRIME SM Prime Holdings Inc. is set to spend some P7 billion to redevelop SM Megamall to adopt a 'Crystal Islands' concept designed by the architectural firm known for developments such as Singapore's Jewel Changi and Thailand's Icon Siam. The redevelopment will be designed by UK-based architectural firm Benoy, emphasizing natural light, open flow, and organic forms, adding 20,000 square meters of gross leasable area. It will have a phased completion targeted between 2027 and 2029. It will also add themed retail zones, and operational upgrades including a new four-level basement parking facility with over 1,600 slots, state-of-the-art cinemas, a new Megatrade Hall, a redesigned food court, and upgraded areas and restrooms. SM Prime said the design also features sustainability initiatives such as a rainwater harvesting system with a 500-cubic-meter capacity, Ethylene Tetrafluoroethylene (ETFE) roofing, skylights and clerestory windows, and sensor-activated escalators. According to SM Supermalls president Steven Tan, SM Megamall is still ranked the highest out of all the company's malls in terms of per-square-meter sales, and this is expected to increase even further with the redevelopment. 'We have redevelopment lined up for the next five years now, as well as opening new malls. You know, we always assess the maturity of an existing mall if they are ready for expansion,' he said in a recent briefing. 'It has to have a certain level of maturity in terms of business and a certain occupancy that it has to reach. We have a matrix to go after that, but this is all planned out — not just for this year, and not just for next year, even for the next five years,' he added. Tan also noted that more retailers are expected to take space in SM Megamall with the redevelopment, as it also has the highest waiting list among all the company's malls. 'We always work with our partners when it comes to our rental or leasing of our space. We also always study the sales over rent of the tenants. If the threshold still allows us to increase the rent we normally do that annually, but of course working with our tenant partners is key here,' he said. SM Prime posted an all-time high net income of P24.5 billion in the first half of the year, as strong consumption and the recovery in retail and tourism drove revenues up by 5% to P68 billion. Aside from SM Supermalls, SM Prime's subsidiaries include SM Residences (the umbrella residential arm segment of SMDC, SM Signature Series, and SM Leisure Resort Residences), SM Hotels and Convention Centers, and SM Offices. — RSJ, GMA Integrated News
The Sun
04-06-2025
- Business
- The Sun
Puma unveils official 2025/26 Premier League season match ball
Puma unveiled the official match ball for the Premier League, set to grace pitches, parks and gardens across the world for players and fans alike ahead of the 2025/26 season. The launch event took place at the Puma Flagship Store in Sunway Pyramid, the brand's largest flagship store in Asia. Guests given a first look at the new Puma Orbita Ultimate PL. 'Football has always been deeply embedded in Puma's DNA, with a legacy that spans decades and connects us to many legendary teams and players. 'Today, Puma is proud to carry that legacy forward as the official match ball provider for the most prestigious football league in the world,' said Steven Tan, Country Manager of Puma Malaysia. The ball has twelve evenly sized panels ensure precise weight distribution, keeping the ball perfectly balanced. The high-frequency moulding guarantees long-lasting durability with enlarged and deeper seams to improve aerodynamics, shape retention, and a soft touch with every kick, no matter the pitch or weather. At the launch, guests were treated to a high-energy freestyle football performance that captured the creativity, emotion, and dynamism the ball represents. A giant replica of the ball will remain on display at the store until June 30. As part of the 'Dare to Shine and Win' campaign running from June 4 to 30, store visitors can also participate in an in-store contest for a chance to win the Puma Orbita Match PL Brilliance ball. To enter, visitors simply need to snap a photo with the Supersize EPL Ball at Puma Sunway Pyramid, post it on their Instagram feed, follow and tag @ Building on the excitement, the launch also introduced the Puma x Premier League 'Have a Ball' campaign – a celebration of the pure joy and exhilaration of having the ball at your feet. The initiative aims to encourage players of all levels to let go of overthinking and self-doubt, inspiring a game fuelled by instinct, freedom, and creativity, on and off the pitch. The ball will make its on-pitch debut in the Premier League Summer Series taking place in the USA this July, and will be on show during the first match round of the Premier League on the 16th August. It is now available at selected Puma stores and retailers nationwide. For more information about Puma and upcoming happenings, follow us on Instagram at @
