SM Prime Holdings Inc. will open four new malls this year, including SM City Bacolod, and expand three of its existing malls with a capital expenditure of P7 billion.

In a disclosure to the Philippine Stock Exchange yesterday, SM Prime said first to open this year is the mall in Bacolod, on March 2, while the three others, SM City Taytay, SM Supercenter Muntinlupa and Sunset Strip at the Esplanade in Manila, later this year.

Malls up for expansion are SM City Cebu, SM City Fairview, and SM City San Fernando, Pampanga.

Bohol execs learn from
Neg. Occ. EED experience

A group of officials from the Provincial Government of Bohol is conducting a study tour on local benchmarking in Negros Occidental in preparation for the establishment of the Public Economic Enterprise Management program their province.

Headed by Romeo Teruel, the group is visiting the Provincial Hospital in Silay City, the provincial government-run School of Nursing, in collaboration with the Northern Negros School of Science and Technology in Cadiz City, Mambukal Resort in Murcia, and the Panaad Park and Stadium in Bacolod City.

'Create coconut
oil-making centers'

The Technology and Livelihood Resource Center and the Department of Science and Technology were directed by President Gloria Macapagal-Arroyo to create virgin coconut oil manufacturing plants in coconut-rich provinces as part of the technology business incubation program of the government, a statement from Malacañang said.

Arroyo, in her speech at the launching of the "Perlas ng Pangkabuhayan Pinoy" during the 30th anniversary celebration of the TLRC at SM Megamall in Mandaluyong yesterday, said there is a growing world demand for virgin coconut oil and the country can utilize its resources to meet such requirement.

The coconut-rich provinces of Bicol, particularly Albay, and the Southern Luzon provinces are capable of meeting worldwide demand for virgin coconut oil as long as the government's Technology Business Incubation Program is implemented effectively.

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