SM Investments Corporation has unveiled its plans to further expand its presence across the Philippines, bringing modern retailing and services to more regions.

As part of the strategy, the company’s property arm SM Prime Holdings is opening four new malls, one in Metro Manila and three in the provincial areas, this year.

Alfamart, SM’s minimart grocery format, is set to increase its network by at least 400 stores by the end of the year.

Other subsidiaries of the company also have plans to expand their footprint in the real estate, hospitality, banking, and logistics sectors. 

“We will continue to invest in growth in the Philippines and we are committed to being a catalyst for responsible development,” said Frederic C DyBuncio, president and CEO of SM Investments Corporation.

“Our strategy is to continue to expand coverage nationwide to create new markets that improve access to these sectors,” he added.