SY-LED property developer SM Prime Holdings Inc. (SMPH) plans to allocate P100 billion to P110 billion in capital expenditures (capex) for 2025 to fund the opening or refurbishing of malls across the country.
"For next year, I think it should be P100, P110 billion," SMPH President Jeffrey Lim told reporters last week when asked about the company's capex guidance.
