BIZ BUZZ: SM completes work in Iloilo

Property titan SM Prime is making sure to unlock business growth—not just for the group, but also for those at the grassroots level.

The company said it had just completed the redevelopment of two of Iloilo City’s largest public spaces: the Iloilo Central Market and Terminal Market.

With an almost P3-billion investment, the project covered a total gross floor area of over 62,000 square meters, making it “modern, efficient and inclusive centers of local enterprise.”

“This is not a business move or expansion program. This is just natural movement commitment to small- and medium-sized enterprises (SMEs), support Filipino entrepreneurs,” SM Prime president Jeffrey Lim said.

“As we move to provincial areas, we can create shared growth,” he added.

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The group noted that the project was completed at no cost to the city and is managed by the Local Economic Enterprise Office to preserve the public character of the markets.

SM Prime is open to teaming up with more local government units to extend help for SMEs across the country.