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In the Philippines, it’s common for families to pitch in to support a student’s higher education. While that sense of shared responsibility is admirable, the costs of sending a student to a renowned college or university can still be overwhelming if you’re not prepared. Moreover, not everyone has the privilege of having a reliable support network to help with educational funding.



The good news? Starting early can make a big difference. With time on your side, even small steps can lead to a meaningful college fund. Here are practical tips to help you get started while your kids are young.


1. Start as Early as Possible—Now, if You Haven’t Done So Yet

The earlier you start saving, the more time your money has to grow. Starting while your little one is still small means that their college fund can grow with them. You don’t need to put away large amounts right away. The key is consistency. Even ₱500 or ₱1,000 a month can add up over the years, especially if you’re putting it in an interest-earning account.

Starting early also means you can afford to take a more gradual and less stressful approach. You avoid last-minute panic and can focus on building a solid foundation for your child’s future.


2. Open a Dedicated College Fund Account

It’s very easy to dip into savings or emergency funds when everything’s mixed together. To avoid this common pitfall, open a separate account specifically for your child’s education. This helps you keep the funds untouched and growing. Many local digital banks like Maya offer goal-based savings accounts designed for education or long-term objectives. Having a separate account lets you keep your college savings organized, get a clearer picture of how much you’ve saved so far, and prevent the temptation to use the money for other expenses.



3. Explore Time Deposit Options

If you're looking for a safe and relatively low-risk way to grow your savings, a time deposit is worth considering. This type of savings account offers higher-than-average interest rates in exchange for keeping your funds in your account for a set period of time. You can ask your bank relationship manager to see how a time deposit account can help you maximize your college savings. There are also digital banks like Maya with their own time deposit offerings.

Here’s how it works:

  • You deposit a fixed amount for a set period (e.g., Maya’s time deposits have 3-, 6-, or 12-month terms).

  • Your money earns interest, and you can withdraw it once the term ends.

  • Some banks let you roll over the deposit to keep earning without lifting a finger.

It’s a good option for funds you won’t need right away but want to grow securely over time.



4. Set Clear Savings Goals

Knowing your target amount gives you direction when deciding how much you should save. Start by estimating how much a college education might cost by the time your child comes of age. Don’t forget to factor in inflation, tuition increases, and other expenses like transportation, school supplies, and possible lodging. Next, break the amount into monthly or annual savings goals. For example, if you want to save ₱500,000 over 15 years, that’s around ₱2,800 per month. If you’re starting later or saving less, adjust your expectations or plan to supplement with scholarships and loans later on.

All in all, having a number to aim for makes the process more tangible and keeps you motivated.


5. Involve Family in Small Ways

It’s not out of the ordinary for relatives to give cash gifts to children during birthdays, Christmas, or special occasions. Instead of spending it all on toys or clothes, why not set aside a portion for the college fund?

You can even let your child know, as they grow older, that some of their “angpao” or gift money is helping build their future. This instills the value of saving early on. Plus, letting your relatives know that you’re saving their gifts for a college fund can inspire them to contribute more meaningfully to this financial goal.


6. Look into Education Insurance or Investment Plans

Some financial institutions offer insurance or investment-linked plans specifically designed for education. These plans usually combine life insurance coverage with regular contributions that grow over time. They can be more complex than regular savings, so make sure to read the fine print and ask lots of questions before committing. That said, if you prefer to stay hands-off and want a long-term structured plan, this could be a good fit for your family.


7. Be Open to Scholarships and Grants Later On

While it’s great to save early, you don’t need to shoulder the full cost of college on your own. Many schools offer merit-based or need-based scholarships, and there are also government programs that can help cover tuition or fees. Keeping your child’s grades strong and being active in school can open doors to these opportunities. Think of your early savings as the foundation, and these potential programs as valuable add-ons.

Preparing for your child’s college education doesn’t have to feel overwhelming, especially if you start early and stay consistent. By building smart habits and choosing the right tools, you can create a strong financial cushion that will ease future expenses and give your child a great start. With a little planning today, you’re already helping shape their tomorrow.

7 Tips for Building an Early College Fund for Your Young Children


Several local government units have suspended classes on Tuesday, September 2, due to the inclement weather brought by a low pressure area (LPA).



Below are the class suspensions for Tuesday, September 2, 2025:





Please refresh for updates!




Class Suspensions for Tuesday, September 2, 2025


The Social Security System (SSS) and the Union Bank of the Philippines (UnionBank) have announced the launch of the MySSS Card, a new innovation designed to provide millions of Filipinos with a single, powerful tool for both government transactions and financial services.



The MySSS Card is a two-in-one product that functions as an official SSS-recognized ID while also serving as a UnionBank-powered Visa debit card. This landmark partnership aims to accelerate digital inclusion and provide a secure, convenient way for SSS members to manage their finances, especially for those who are unbanked.



"This partnership marks a major step forward in making government services more accessible and efficient for our members," said Robert Joseph M. De Claro, President and CEO of SSS.

"The MySSS Card empowers our members with a secure and convenient way to receive their benefits, while also serving as an official SSS-recognized ID."



The card enables SSS members to receive their benefits, loans, and refunds directly into a UnionBank savings account. Applicants can request the MySSS Card via the UnionBank Online app, which provides access to a full suite of digital banking features and the ability to make worldwide Visa transactions.



The initiative is expected to have a broad impact, with over 40 million Filipinos holding a PhilSys ID now eligible for the MySSS Card. This new offering builds on a previous SSS-UnionBank partnership that has already issued hundreds of thousands of cards since October 2022.



Ana Aboitiz Delgado, President and CEO of UnionBank, described the collaboration as a "game-changer" in reshaping the Philippine banking landscape. “Together with SSS, we are once again reimagining what banking can be like for millions of Filipinos,” she said. “We are proud to be partners in this initiative that enhances financial inclusion.”

The MySSS Card is set to roll out soon, promising a faster, safer, and smarter way for members to manage their government-related and financial transactions. Members are encouraged to stay tuned for the official release and monitor updates through UnionBank's official channels.


Read More SSS Guides . . .


SSS, UnionBank Launch Two-in-One MySSS Card to Boost Financial Inclusion


For many Filipinos, the idea of retirement is often tied to a single source of income: the pension from the Social Security System (SSS) or the Government Service Insurance System (GSIS). But with the rising cost of living, inflation, and healthcare, a critical question arises: is a pension enough?



The reality is, relying solely on a fixed pension might not be enough to live comfortably. While a pension offers stability, a comprehensive retirement plan in the modern world requires a strategic mix of different income streams. Let’s break down the pros and cons of pensions versus key investment options like Pag-IBIG MP2 and dividend-paying stocks or REITs.



SSS / GSIS Pension: The Stable but Insufficient Safety Net

A pension is a powerful tool because it provides a guaranteed, lifelong income. As long as you're alive, you'll receive a monthly amount. However, its primary drawback is its fixed nature.

  • Fixed Amount: While it's possible to receive a pension of P20,000 per month, this is often reserved for those with the highest contributions over many years.

  • Common Reality: More commonly, retirees find their monthly pension to be a modest P5,000 to P8,000, even after decades of contributions.

  • The Big Question: Can P8,000 a month truly cover today's expenses, especially with the costs of utilities, food, and the essential maintenance medication that comes with age?

Furthermore, your pension stops when you pass away, unless a qualified dependent is eligible to continue receiving it. It's a lifeline, but one that may not be enough to thrive on.




Pag-IBIG MP2: Safe, Simple, and Reliable Growth

For those seeking a low-risk, government-backed option, the Pag-IBIG MP2 program is one of the best choices. It offers a 5-year lock-in period and has historically delivered robust annual returns, hovering between 6% to 7% in recent years.

  • Example: If you save P5,000 per month, your total contributions after 5 years would be P300,000. Including the dividends, your savings could grow to approximately P358,000.

  • Long-Term Potential: If you consistently renew your savings for 20 years, your initial contributions could grow to over P2.3 million. Reinvesting the dividends over several 5-year cycles could push this figure to over P3 million.

This is a perfect option for anyone who wants guaranteed, secure growth without the volatility of the stock market. You can even start with as little as P500 per month.



Dividend Stocks & REITs: Building a Passive Income Stream

For those with a higher risk tolerance and a longer time horizon, investing in dividend-paying stocks or Real Estate Investment Trusts (REITs) can provide a powerful source of passive income. When you buy shares in solid, profitable companies (e.g., PLDT, BPI, Ayala Corp) or REITs (e.g., AREIT, RCR, CREIT), you earn dividends as a share of their profits.

  • Example: If you have P2 million invested in stocks that pay a 5% yearly dividend, you'll receive P100,000 per year, or P8,333 per month—equivalent to a common pension amount, but with far greater growth potential.

  • Long-Term Benefits: Unlike a pension, these dividends can continue as long as the company is profitable. The value of your stocks can also grow over time (capital gains), further increasing your wealth.

The downside is that the market is volatile and requires knowledge and patience. There is always a risk of losing your investment if a company performs poorly. However, a key advantage is that you can pass these investments on to your family, creating a legacy of passive income.




The Power of Diversification: Don't Choose, Combine

Ultimately, there is no single "best" option. Each vehicle has its unique strengths:

  • Pension: Stable and lifelong, but may not keep up with inflation.

  • Pag-IBIG MP2: Safe, simple, and offers reliable growth, but with a fixed lock-in period.

  • Stocks/REITs: Potential for high, long-term passive income that can be inherited, but with the inherent risk of market volatility.

The most effective strategy is to combine them. Don't choose one over the other. Build your SSS contributions, consistently save in Pag-IBIG MP2, and strategically invest in dividend stocks or REITs. And don't forget to get insurance to create a safety net for your family.

Retirement isn’t about choosing one vehicle; it’s about preparing multiple streams of income to ensure you are comfortable, secure, and financially independent in your golden years.



Pension vs. Investments: The Ultimate Guide to Securing Your Retirement in the Philippines


The iconic Ayala Malls in Makati are currently undergoing a massive transformation, with a P17.5-billion reinvestment plan set to reimagine Greenbelt and Glorietta into world-class destinations. This ambitious project aims to blend style, comfort, and cutting-edge retail with improved urban connectivity, promising a more refined and integrated experience for shoppers and city dwellers alike.



Ayala Malls Chief Operating Officer Paul Birkett and Ayala Land Senior Vice President Mariana Zobel de Ayala recently unveiled the details of the "reimagination," which goes beyond a simple facelift. The plan is to create a unified Glorietta, Greenbelt, and One Ayala complex that prioritizes pedestrian movement and seamless transport integration.



Glorietta's Grand Refresh

As part of its revitalization, Glorietta is being refreshed with modern interiors and a redesigned Grand Mall façade. A key element of the plan is the transformation of the familiar Glorietta 4 Park into a lively new plaza with dedicated al fresco dining areas.


This move is part of a broader effort to pedestrianize familiar roads and create a more walkable city center.




Greenbelt's Luxury Evolution

Known as the premier luxury destination, Greenbelt is further elevating its status with a curated mix of new-to-market international brands. Recent additions include luxury fashion houses like Golden Goose, Alo Yoga, Sandro, Maje, and Alice + Olivia.

The redevelopment also promises a new nightlife destination, T:28, at Greenbelt 2, offering curated culinary and mixology experiences. The redevelopment of Greenbelt 1, which closed in April 2024, is scheduled to be completed by 2028 and will become a new, modern structure with a focus on premium retail and sustainable design.


A Focus on Connectivity, Design, and Experience

This extensive redevelopment is a strategic move to ensure the malls remain relevant and resilient in a changing retail landscape. Ayala Land's vision extends beyond commerce, aiming to redefine its malls as "third spaces" that serve as a natural extension of people's homes, fostering community and social connection.



Key features of the transformation include:

  • Seamless Walkability: The project seeks to connect Glorietta, Greenbelt, and One Ayala through integrated pathways, making the entire complex more accessible and pedestrian-friendly.

  • Green and Open Spaces: The design incorporates more open-air green zones, pocket parks, and al fresco dining spots to provide a more tranquil and refreshing atmosphere.

  • Elevated Entertainment and Dining: Malls like TriNoma are getting upgraded with Giant Screen cinemas and Dolby Atmos theaters, while both Greenbelt and Glorietta are set for a culinary refresh with new dining concepts.

  • Sustainability: The renovations will incorporate sustainable features such as natural ventilation, energy-efficient systems, and wider corridors to enhance occupant well-being. The company is even recycling demolition debris from Greenbelt 1 into new construction materials.




The large-scale revitalization of Makati's retail heart is a bold statement about Ayala Land's long-term strategy. With rollouts scheduled from 2025 to 2028, and a broader plan to add over 700,000 square meters of gross leasable area nationwide, the company is not just renovating spaces—it is building future-ready, interconnected destinations that are designed to evolve with the rhythm of modern life.



MAKATI STAYCATION

Planning to stay in Makati, here's a list of the best hotel accommodation and staycation nearby:


Ayala Malls Greenbelt & Glorietta to Get a Major Refresh


Thousands of visitors, residents, and workers at Camp John Hay can now enjoy a free, eco-friendly ride with the launch of the new John Hay Loop.



This six-month pilot shuttle service uses electric vehicles (EVs) and is a joint initiative of the Bases Conversion and Development Authority (BCDA), its subsidiary John Hay Management Corporation (JHMC), and private partners DeviceDesign Co. Ltd., LexSwitch, and the Cordillera Basic Sector Transport Cooperative.


The project aims to improve mobility, reduce traffic congestion, and promote sustainable transportation in one of Baguio's most popular destinations. The service is set to benefit the nearly four thousand people who live and work in the area, as well as the increasing number of eco-conscious tourists visiting the city.




John Hay Loop Route and Stops

Three EV units are now operating, each capable of accommodating 22 seated and nine standing passengers. They serve eight designated stations throughout Camp John Hay, including:

  • Main Gate Station – John Hay Trade and Cultural Center

  • Filling Station A – near Le Monet Hotel

  • Scout Hill Station A – near Camp John Hay Grounds

  • Mile Hi Station A – from Forest Lodge

  • Gate 4 Station – to South Drive and Outlook Drive

  • Sheridan Station – near John Hay Golf

  • Mile Hi Station B – going to Forest Lodge

  • Filling Station B – going to Main Gate



Each unit is powered by a 70-kilowatt-hour (kWh) lithium-ion battery with fast-charging capability, allowing it to fully recharge in just 90 minutes. A 7kWh onboard slow charger is also available as a backup.

According to BCDA President and CEO Engr. Joshua M. Bingcang, “The John Hay Loop moves us toward a cleaner, faster, and more connected Baguio. Through this collaboration with the private sector and the international community, we are building a sustainable transport model that will benefit residents, workers, and tourists for years to come.”




The partnership was formalized in June 2025 when BCDA and JHMC signed a memorandum of understanding with DeviceDesign, LexSwitch, and the Cordillera Basic Sector Transport Cooperative. LexBuild Group and LexSWITCH EcoMobility Inc. provide the EV units and charging stations, while DeviceDesign supplies the station signages and tracking technology.



DeviceDesign and the Cordillera Basic Sector Transport Cooperative will evaluate the pilot service by monitoring passenger experience, ridership levels, and overall system operations. They will then provide recommendations for the long-term implementation of the John Hay Loop.



This initiative underscores BCDA’s commitment to making destinations more accessible while protecting the environment. By integrating clean transportation solutions in Camp John Hay, BCDA aims to promote a greener future for Baguio and set a national benchmark for sustainable mobility in tourism areas. The John Hay Loop aligns with the BCDA’s commitment to the United Nations Sustainable Development Goals, specifically Goal 11: Sustainable Cities and Communities, and Goal 13: Climate Action.



HINGS TO DO IN BAGUIO

If you plan to visit Baguio City, here are top activities you shouldn't miss:


WHERE TO STAY IN BAGUIO

Here are some of the many top hotels with Certificate of Authority to Operate (CAO) from the Department of Tourism in Baguio:

You may also check the full list of hotels and lodging in Baguio. I also wrote Top10 hotels in Baguio on a separate blog.

For directions and bus schedules, check out my Manila to Baguio guide. For those who are driving to Baguio, you may check the fastest way to Baguio. Read my COMPLETE BAGUIO TRAVEL GUIDE to know more about Baguio City.

JOHN HAY LOOP: Catch a Free Shuttle Ride in Baguio


The city of Makati is inviting locals and tourists alike to discover its vibrant culture, rich history, and dynamic cityscape through a series of complimentary walking tours.



These tours, which are scheduled throughout the week, offer a unique opportunity to explore different facets of the city, from its bustling business district to its historic old town.

The free tours are a great way to experience Makati’s diverse character. Here’s a look at the schedule and what each tour offers:


Tuesdays (10:00 AM - 11:30 AM): The Garden Way of the Cross

This tour takes participants to the beautiful St. Alphonsus Mary de Liguori Church, where they can see the Stations of the Cross, which feature works from prominent Filipino sculptors. The meeting point is the Glorietta 2 entrance on Palm Drive.




Wednesdays & Fridays (10:00 AM - 11:00 AM): Central Business District Tour

Participants on this tour will get to see the modern side of Makati. As the country's financial hub, the Central Business District is home to multinational corporations, banks, and iconic skyscrapers. The tour also starts at the Glorietta 2 entrance.



Thursdays (4:00 PM - 5:00 PM): Poblacion Heritage Tour

This tour provides a journey back in time, allowing visitors to explore Makati’s old downtown area. The tour highlights the city's cultural heritage, which dates back to the 1600s. The meeting point is at the Museo ng Makati on J.P. Rizal Avenue.




Saturdays & Sundays (10:00 AM - 11:00 AM): Walkway & Market Tour

On weekends, the tours combine a pleasant walk through parks with a visit to one of Makati’s famous weekend markets. On Saturdays, the tour goes to the Salcedo Market at Jaime Velasquez Park, known for its organic produce and artisanal goods. On Sundays, the tour visits the Legazpi Market, a popular spot for food, crafts, and unique finds. Both weekend tours meet at the Glorietta 2 entrance.


To join these tours, interested individuals can register by scanning the provided QR code or by visiting www.makaturismo.ph. For more information or inquiries about the tour schedules, you can contact the International Relations Department at (02) 8870-1192 or (02) 8870-1195.



Explore Makati for Free with New Walking Tours


For investors in the Philippine Stock Exchange (PSE), a well-diversified portfolio is key to navigating market volatility and achieving long-term financial goals. Beyond real estate investment trusts (REITs), the PSE offers a wide range of companies across various sectors that can provide a balance of steady dividends and strong potential for capital appreciation.



This guide highlights ten of the top stocks to watch in 2025, offering a snapshot of their recent performance, dividend history, and what makes each a compelling investment.

Note: The stock prices and dividend information provided are based on data available from July to August 2025. This information is subject to change based on market movements and company announcements. Dividends, in particular, can vary and are not guaranteed. It is highly recommended to perform your own research and consult with a financial advisor before making any investment decisions.

RELATED: Do Not Put Your Money on PAGIBIG MP2 Savings - Here are the Alternatives


1. Aboitiz Equity Ventures, Inc. (AEV)

As a diversified conglomerate, AEV offers a balanced exposure to the Philippine economy, with major investments in power, banking, and food. This diversification provides a hedge against downturns in any single sector.

  • July 2025 Stock Price: AEV's stock price ranged from a high of ₱35.05 to a low of ₱28.90 in July 2025, closing the month at ₱31.50.

  • Average Dividends and Frequency: AEV pays dividends twice a year. Their March 2025 dividend was ₱1.54 per share.


2. Ayala Corporation (AC)

Ayala Corporation is a respected holding company and a bellwether of the Philippine economy. Its portfolio includes market leaders in high-growth sectors, making it a strong long-term investment.

  • July 2025 Stock Price: AC closed at ₱586.50 on July 11, 2025.

  • Average Dividends and Frequency: AC typically pays dividends twice a year. In July 2025, a regular cash dividend of ₱4.605 per common share was declared for the first semester.




3. BDO Unibank, Inc. (BDO)

As the largest bank in the country, BDO is a powerhouse in the financial sector. Its extensive branch network and robust financial performance make it a stable stock for investors seeking consistent dividends.

  • July 2025 Stock Price: BDO's stock price for July 2025 is not publicly available.

  • Average Dividends and Frequency: BDO pays dividends quarterly. Their second quarter 2025 cash dividend was ₱1.10 per share, payable on June 30, 2025.


4. Bank of the Philippine Islands (BPI)

BPI is one of the most trusted and oldest banks in the country. Its strong balance sheet and focus on digital innovation make it a competitive player in the evolving banking landscape.

  • July 2025 Stock Price: BPI's stock price for July 2025 is not publicly available.

  • Average Dividends and Frequency: BPI generally pays dividends twice a year. Their cash dividend of ₱2.08 per common share was payable on June 30, 2025.


5. International Container Terminal Services, Inc. (ICT)

ICT is a global port operator, offering a unique opportunity to invest in international trade and logistics. Its dividends are paid in US dollars, which can serve as a hedge against the volatility of the Philippine Peso.

  • July 2025 Stock Price: The share price of ICT ranged from a high of ₱499.00 to a low of ₱420.00 in July 2025. On July 17, 2025, it was trading at ₱445.00.

  • Average Dividends and Frequency: ICT typically pays dividends annually, often with a regular and a special cash dividend. The March 2025 payout was ₱14.16 per share.



6. PLDT, Inc. (TEL)

PLDT is the dominant player in the telecommunications sector. Its continuous investments in expanding its fiber network and 5G infrastructure position it for long-term growth as the country's demand for data and connectivity increases.

  • July 2025 Stock Price: TEL's stock price fluctuated between ₱1,225.00 and ₱1,317.00 in July 2025. On July 10, 2025, it closed at ₱1,225.00.

  • Average Dividends and Frequency: PLDT pays dividends quarterly. The dividends are based on a payout policy of 60-75% of its core earnings.


7. Manila Electric Company (MER)

Meralco is a defensive stock, meaning it's less affected by economic downturns. As the country's largest power distributor, its essential services ensure a stable and predictable revenue stream.

  • July 2025 Stock Price: MER's price ranged from ₱528.00 to ₱550.50 in July 2025, with a closing price of ₱535.50 on July 31, 2025.

  • Average Dividends and Frequency: Meralco consistently pays dividends quarterly, providing a stable income stream for investors. A recent dividend yield was approximately 4.45%.


8. San Miguel Corporation (SMC)

SMC is a diversified powerhouse with a wide range of products and services, from food and beverages to infrastructure and fuel. Its broad market reach and essential products make it a resilient company.

  • July 2025 Stock Price: SMC's stock price closed at ₱71.90 on July 31, 2025.

  • Average Dividends and Frequency: SMC generally pays dividends twice a year for its common shares.



9. Universal Robina Corporation (URC)

URC is a leader in the food and beverage industry, with a portfolio of well-known and loved brands. Its strong consumer base and market dominance provide a solid foundation for consistent earnings.

  • July 2025 Stock Price: URC closed at ₱85.20 on August 8, 2025.

  • Average Dividends and Frequency: URC typically pays dividends annually, and its March 2025 payout was ₱2.00 per share.


10. SM Prime Holdings, Inc. (SMPH)

SM Prime is the Philippines' largest and most dominant integrated property developer. Its large-scale portfolio of malls, residential projects, and hotels gives investors a direct stake in the country's consumer and real estate growth.

  • July 2025 Stock Price: SMPH's estimated share price was ₱33.54 as of July 17, 2025.

  • Average Dividends and Frequency: SMPH has a history of paying dividends annually, with its payouts linked to the company's strong earnings and growth.


Tips for Investors 📈

Before you invest, remember that past performance is not a guarantee of future results. It's essential to conduct your own research, consider your personal risk tolerance, and diversify your portfolio. Stocks like BDO and Meralco are good for those who prioritize regular income through dividends, while companies like PLDT and SM Prime offer a mix of growth and dividends. Always read a company's financial reports and stay updated on market news to make informed decisions.


A Guide to Top Philippine Stocks in 2025


SM Prime Holdings Inc. has unveiled plans for a major, P7-billion redevelopment of SM Megamall, one of the country's most iconic and highest-performing retail spaces. The project, led by United Kingdom-based architectural firm Benoy, will transform the mall into a more energy-efficient and nature-inspired destination under the theme "Crystal Islands." The phased renovation is scheduled for completion by 2029.



The redesign draws inspiration from the Philippines' natural beauty, aiming to blend a vibrant landscape with a modern retail experience. A key feature of the project is the creation of a Level 5 Garden, an air-conditioned oasis filled with tropical plants, dining areas, and seating for social gatherings.


To maximize daylight and reduce cooling costs, the garden will be topped with ETFE (ethylene tetrafluoroethylene) roofing, a lightweight and eco-friendly alternative to glass.


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Beyond aesthetics, sustainability is a core component of the redesign. The mall will integrate a rainwater harvesting system with a 500-cubic-meter capacity and upgraded mechanical systems to cut energy use. 


Furthermore, energy-efficient LED lighting and sensor-activated escalators are expected to deliver significant energy savings. The company is also reviewing the installation of solar panels as part of its broader carbon reduction program.




The project will add an estimated 20,000 square meters of gross leasable area, introduce themed retail zones, and include a new four-level basement parking facility with more than 1,600 slots. Other upgrades include expanded walkways, wider corridors, relocated cinemas, a redesigned food court, a new Megatrade Hall, and modernized vertical transport.


To manage the massive project without completely shutting down the mall, the new layout will be divided into three themed zones—Emerald, Sapphire, and Rhodolite Islands—allowing the renovation to be completed in phases.



SM Supermalls president Steven Tan acknowledged the "painful" but necessary process of closing certain portions of the mall for redevelopment, noting that the project is crucial for the business's long-term sustainability.



The mall currently boasts the highest per-square-meter sales across the company's properties, with a long waiting list of tenants. The "Crystal Islands" makeover is set to not only enhance the customer experience but also solidify SM Megamall's position as a leader in sustainable mall development.


Read Next . . .

SM Megamall to Undergo P7-B "Crystal Islands" Redesign


In an announcement that will affect shoppers and visitors, the management of Power Plant Mall has released an advisory detailing new parking rates, which will take effect on August 20, 2025.



The updated rates apply to both regular and valet parking services for cars and motorcycles.

For regular daily parking, four-wheel vehicles will now be charged a flat rate of ₱70.00 for the first four hours, with an additional ₱30.00 for every succeeding hour.

Motorcycles will see a rate of ₱60.00 for the first four hours, with a ₱10.00 fee for each succeeding hour.

RELATED: Explore Makati for Free with New Walking Tours 

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Valet parking rates have also been adjusted. The new rate for four-wheel vehicles will be ₱70.00 for the first four hours, with a ₱30.00 charge for each succeeding hour. The advisory also specified a ₱100.00 flat rate for valet parking on weekends and holidays.



For those requiring overnight parking, a new flat rate of ₱1,500.00 will be charged, in addition to the standard parking fees. The cut-off time for overnight parking is from 3:00 AM to 6:00 AM.




The new rates are a significant change for mall patrons and are expected to impact visitors who frequent the upscale shopping center. Customers are advised to take note of the new pricing structure to plan their visits accordingly.



Power Plant Mall Implements New Parking Rates, Effective August 20

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