WEALTH MANAGER.

(From BusinessWorld (Philippines))

Byline: Josephine B. Valle (SM)

Recommendation: LONG-TERM BUY

After the successful opening of the SM Mall of Asia last May, SM Investments Corp. (SMIC) continues expanding operations, with developments in its various units.

SMIC, the holding company of the SM Group, is considering the establishment of a P6-billion business process outsourcing (BPO) complex at the SM Central Business Park. One EcomCenter, the first of four buildings that will make up the complex, is under construction, and is expected to be completed by July next year.

On another front, SM Prime Holdings, Inc., in tandem with SM's …