SM denies it owns Silverio Compound

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MANILA, Philippines -In response to reports tagging mall chain SM to the demolition at Silverio Compound in Paranaque City Monday, SM Development Corp. (SMDC) issued a statement Tuesday denying ownership of the disputed property.

SMDC said that it does not own the Silverio Compound, and is not “in any way, involved in the demolition of existing structures in the Silverio Compound,” as well as in the dispersal of the protestors.

“In fact, SMDC was only made aware of what is happening in the Silverio Compound through the news that it received through the various media,” the statement read.

Various militant groups earlier said that the demolition of properties at the Silverio Compound would pave the way for the construction of Henry Sy’s new condominium under SMDC. He also said that the Aquino administration only serves the interest of ruling elites such as Sy.

A 20-year-old resident, identified as Arnel Leonor, was killed and several others, including policemen, were injured after chunks of rocks and molotovs were hurled by angry protestors, prompting members of the Special Weapons and Tactics to open fire.

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  • http://profile.yahoo.com/L52SHDWW34LR6O245LQHGZA7A4 Bayan Muna

    AY PUTTANG lNA NAMAN!! lBIGAY NYO NA KASI SA MGA MAHIHIRAP ANG LAHAT NG LUPA NYO MGA TANGGA!!!!!!!!

    VOTE BAYAN MUNA

    • PHtaxpayer

      You are a fake

    • rem_rod

       Ay oo. Mahirap din ako. Pahingi!!!

    • http://twitter.com/yvesyves yves nibungco

      I know Bayan Muna and I’m sure they don’t post like this. Please do not use their name to malign them. 

  • im_not_convinced

    A 20-year-old resident, identified as Arnel Leonor, was killed and
    several others, including policemen, were injured after chunks of rocks
    and molotovs were hurled by angry protestors, prompting members of the
    Special Weapons and Tactics to open fire.

    wow saktong headshot pa.

  • http://karmaeconomics.blogspot.com/ lavista4u

    Please give Gods some excuse to not destroy humanity again. The crimes committed by humans on one another is reaching extreme point of no return. You won’t be judged based on your bank account but by your Karma. The judgment day is very near.

    The builder-politician nexus is very clear, they remove poor people under some excuse of government order without proper rehabilitation. They should provide proper housing/market for the poor before destroying it. Government can make all land illegal under any order…its the mother earth that owns everything and every human being has right to live in it.

  • freelancer_21

    if i own the property i can do whatever i want with it…as simple as that.

  • http://www.kulitanngpinoy.com/ filipino most funniest jokes

    Nabalitaan ko din na ang sabi ito daw Silverio Compound ay pag aari ni Henry Sy na may ari ng mga SM Malls.. grabe super yaman naman na pala niya bakit hindi nalang niya ipamahagi sa mga mahihirap ang mga ito. Kawawa tuloy ung namatay hindi na maibabalik pa ang buhay niyan.. REst in peace… 

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