SM Prime Holdings has formally submitted a proposal to lease the government run Olongapo City Mall and turn it into one of the most widely known shopping mall in the country-SM.
In its proposal SM prime holdings said that the company would lease the Olongapo City Mall for 25 year with an extension of another 25 years.
It also offered the local government to assume the city’s obligation to DBP and LBP amounting to P112,612.308.00 and an annual lease rate of P25.00 per square meters.
City councilor Edwin Piano however told Subic Times that despite the council’s acceptance of the proposal it does not bind the city government to agree with the proposal but only serves as a go signal to start negotiating with the said company.
“We will be deliberating it sa Konseho next meeting,” Piano said.
Excerpt from www.subictimes.com
Read full article here.
Mitch Carvalho
I am a full-time home-based Marketing Manager by day, 24/7 Mom, and a Blogger/Content Creator in my spare time. Proud mom to 2 girls and 1 boy, Derelle, Erchelle, and Elric.
I am happy to share my adventures as I walk through motherhood and have to do most things on my own while my husband works miles away from us. Turning my passion into a profitable venture is another thing.
Authoring and managing this personal blog developed my social media awareness over the years.
From being an ex-OFW to doing what I am good at in the comfort of my own home – while taking good care of my 3 wonderful kids, I hope that people see me as a great inspiration when it comes to pursuing my passion and turning it into a profitable venture.
A giant leap like this is such a challenging journey but indeed is rewarding. A few bumps along this whole journey did not stop me from being the best version of myself.
