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- Later on, the Henry Sy. focus to expand their business. The building was constructed slowly at the start. During construction of the new building, delays in constructions because of cement shortage and coups of 1989.
- During 1997, when the Asian crisis came, the team of Henry Sy. continued to plan an expansion of mall that includes the “Mall of Asia” which was envisioned the biggest and most renowned mall in the region of Asia. But planning stopped because Henry recognized the Tsunami-like effects in Asia. They went on progressively and open other malls.
- I,ll just open the other malls
- The business grew in numbers instead of the size and serving various more modest markets. The business also expands from departmental stores to hardware stores, supermarkets, appliance superstore, and others.
- SM
- SM Megamall is the world second largest shopping mall in the Philippines and the 9th largest mall in the world. Sy’s family-owned SM investment is the holding venture for SM Retail and is the largest chain of departmental stores of supermarkets.
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