SM Prime maintains ₱80B capex, elects former BSP chief Tetangco to board

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SM Prime decides to maintain its capital expenditures for 2021 at ₱80 billion. The integrated property developer likewise elects three new independent directors to its board, which include former Bangko Sentral ng Pilipinas governor Amando Tetangco Jr.

SM Prime Holdings, Inc. has kept its capital expenditures for 2021 at ₱80 billion, similar to last year.

“We all know that the COVID-19 pandemic continues to challenge many companies around the globe, including SM Prime, but we remain committed to enhance the value of your Company for the benefit of all our stakeholders,” said SM Prime president Jeffrey Lim.Three newcomers join board of directors Tetangco is currently an independent director of Belle Corporation, which specializes in the development of tourism and leisure destinations in the country.

 

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