Business
SM Malls Hit Record ₱41.8B Revenue as Filipinos Keep Coming Back — But One Number Tells a Different Story
MANILA, Philippines — At a time when inflation, cautious household spending and economic uncertainty are forcing consumers to think twice before opening their wallets, SM Supermalls has delivered a striking counterpoint: Filipinos are still going to the mall — and businesses are still competing for space inside them. SM Supermalls generated a record ₱41.8 billion in mall revenue during the first half of 2026, an 8% increase from ₱38.6 billion a year earlier, according to figures reported by Ins
