The country’s largest shopping mall chain is believed to be eyeing Dumaguete City in its expansion, but Mayor Manuel Sagarbarria said there are no definite plans yet.
Sagarbarria said representatives of SM Supermalls, owned by SM Prime Holdings, Inc., visited Dumaguete and met with him about three months ago in what appeared to be a move to check out the feasibility of setting up business in the city.
Sagarbarria said SM Supermalls are looking for a location in Dumaguete where they can initially build, not the usual shopping mall first but a grocery store to test the purchasing power of the city and the province.
Sagarbarria also said he has no idea where the location of the SM store will be, as there has been no follow-up from the visitors.
He, however, said he believes that the purchasing power of Dumaguete and Negros Oriental residents has gone up, as shown by the entry of the first-ever shopping mall in the city, the Robinsons’ Place.
Commercial buildings and business establishments also continue to sprout in Dumaguete, an indication of its growing economy, he added.*JFP
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