SM INVESTMENTS Corporation (SMIC) said its subsidiary, SM Land Inc., will pursue the transformation of the 60-hectare Mall of Asia Complex into a world-class business and entertainment hub despite the rough times.
SM vice chairman Henry Sy Jr. said they still believe in the country’s strong business potential in particular the tourism industry.
“We believe in the country’s strong potential in tourism. As such, SM will be at the forefront in providing much-needed infrastructure and facilities for more tourists to enjoy the country’s scenic destinations, while experiencing the warmth of Philippine hospitality,” Sy said.
The entertainment hub will have on its plate a number of hotels fronting the Manila Bay to be operated by leading international hotel chains like the Radisson and the luxury Regent brand.