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Jeffrey C. Lim of SM Prime Holdings, Inc. Receives Eminent Leader in Asia Award at ACES Awards 2024
As a founding member, Lim has been with the company through significant milestones, including consolidating SM Group’s property units in 2013 to establish SM Prime as the Philippines’ largest property conglomerate. Since his promotion to President in 2016, he has driven an expansive, sustainability-focused strategy that has fueled the company’s growth and solidified its commitment to responsible development.
Founded in 1994, SM Prime has evolved from a mall developer into an integrated property developer, recognized for its transformative approach to sustainable urban development across Southeast Asia. This evolution from a focused mall owner to a diversified real estate leader reflects the company’s proactive response to changing market dynamics and its dedication to long-term, responsible growth.
Today, SM Prime boasts a comprehensive portfolio encompassing malls, residential properties, office spaces, hotels and convention centers. Notably, in 2017, it became the first company on the Philippine Stock Exchange to surpass the one trillion peso market capitalization threshold, setting a new benchmark in the country’s corporate landscape.
Under Lim’s management, SM Prime has become a vital contributor to economic growth in the Philippines. Its extensive mall network, which began with just four malls in 1994 and has now expanded to 87 in the Philippines and eight in China, supports over 22,000 local businesses and covers over 11 million square meters of gross floor area. Through SM Development Corporation (SMDC), the company has also developed over 184,000 residential units, addressing critical housing needs while supporting local economic development.
SM Prime has also made significant strides in the hospitality sector with 10 hotels, six convention centers and two trade halls, further stimulating tourism and creating local employment opportunities. Its developments are designed to be economically inclusive and supportive of small businesses, generating a lasting positive impact on the communities they serve.
Sustainability is deeply ingrained in SM Prime’s corporate philosophy. The company has set an ambitious target of achieving net-zero greenhouse gas emissions by 2040, aligning with global standards and partnering with WWF-Philippines to advance renewable energy adoption, energy efficiency, and sustainable construction practices. Water stewardship is another key element of SM Prime’s sustainability initiatives, with the company recycling over 4.4 million cubic meters of water in 2023.
Furthermore, a comprehensive waste management program underscores SM Prime’s dedication to environmental responsibility. In partnership with Japan-based GUUN Co. Ltd, SM Prime is developing infrastructure to enhance waste management and resource recovery, aiming to reduce landfill waste. In 2023 alone, SM Prime managed 165.7 million tonnes of waste, with significant portions recycled, reused, or composted, reflecting a commitment to a circular economy and a waste-free future.
Lim’s leadership style is characterized by a focus on collective success and employee empowerment. “Our success at SM Prime is a testament to the dedication and hard work of our entire team,” Lim shared. “This recognition from the ACES Awards reaffirms our commitment to creating spaces where people and communities can thrive.”
Lim believes that true leadership involves fostering collaboration and aligning the company’s vision with a broader purpose. His focus on well-being and inclusivity in the workplace has cultivated a culture that values each employee’s contribution and encourages growth. This has positioned SM Prime as a company where people feel empowered and motivated.
The ACES Awards, organised by MORS Group, aims to highlight industry leaders who have made significant contributions to sustainable development and business excellence across Asia. Shanggari B, President of the ACES Awards, praised SM Prime and its leadership, stating, “Jeffrey Lim’s leadership is a testament to what can be achieved through dedication and integrity.”
As SM Prime embarks on its next phase of growth, the company remains focused on bringing world-class, sustainable developments to the Philippines, inspired by its commitment to community impact and environmental stewardship. The ACES Eminent Leaders in Asia Award is a significant milestone, reinforcing SM Prime’s role as a leader in shaping the future of real estate and urban development across the region.
Hashtag: #ACESAwards2024 #SMPrime #EminentLeadersinAsia #RegionalRecognition #leadershipexcellence
The issuer is solely responsible for the content of this announcement.
About SM Prime
SM Prime Holdings, Inc. is one of the biggest integrated property developers in Southeast Asia and the largest in the Philippines. Known for its commitment to sustainable urban development and positive community impact, it has a diverse portfolio that includes malls, residential properties, and commercial spaces. This has made it a key player in driving economic growth and enhancing the quality of life across the Philippines
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Global Governance Report Highlights Future Shock Risks as Democratic Accountability Slips and State Capacity Plateaus
The BGI, presented Wednesday by an international group of governance scholars, analyses measurable benchmarks of democratic accountability across 145 countries.
On a 100-point scale, the global score for democratic accountability slipped slightly from 65 in 2000 to 64 in 2023, the most recent data used in the project. The wave of democratisation observed in the closing decades of the last century has stalled in the last 15 years. Democratic accountability fell in 54 countries while it improved in 48 countries.
Yet the BGI — a collaborative project of the Luskin School of Public Affairs at the University of California, Los Angeles (UCLA), Berlin’s Hertie School and the Berggruen Institute, a think tank headquartered in Los Angeles — captures remarkably widespread growth in provision of public goods.
Encompassing healthcare, education, infrastructure, environmental sustainability and conditions to foster employment and rising prosperity, public goods improved in 135 of the countries studied, while declining slightly in just four. The global average jumped from 58 to 69 points from 2000 to 2023.
The third component of what the BGI authors refer to as the “governance triangle” is state capacity, defined as the ability to tax, borrow and spend, control territory, operate scrupulous, competent bureaucracies and administer predictable rule of law. The index finds the global average ticking up from 48 to 49 points; 56 countries had increased state capacity while 57 declined.
“What does it tell us about the world ahead?” Prof. Helmut K. Anheier, a Luskin School sociologist and BGI principal investigator, asked during the public release of the 2026 BGI on the UCLA campus.
“Countries are not really improving in their governance performance in significant ways. … We’re not really having forward-looking investment in governance capacity. There is considerable inertia.”
The largest improvements across all three BGI components occurred in Gambia, which the report groups with “low-capacity developing states.” These states score low across the board, particularly in the provision of public goods. This cluster constitutes the poorest countries with the least developed economies, which face the most serious challenges.
“They have the greatest exposure to likely future crises, whether it’s global warming, whether it’s a new pandemic, whether it’s another financial crisis, whether it’s the impact of AI,” Anheier said. “And they have the least capacity to respond to it.”
Bhutan, Georgia, Iraq and Tunisia — which make up the remaining top five countries with the largest improvements in the BGI — are classified as “capacity-constrained states.” They tend to be middle-income with struggling democracies. These countries score higher across the board than the low-capacity developing states, but their state capacity tends to lag compared to public goods and democratic accountability.
The capacity-constrained states risk falling into “a cycle that erodes the institutions they have built,” Anheier said.
“Consolidated democratic states”, a cluster of most of the world’s richest countries, which score highly in all three BGI components, have to confront domestic complacency. Further, in the United States and some others, “political dysfunction” is leaving mounting problems unaddressed and risking erosion of state capacity, Anheier said.
At the other end of the spectrum, the country with the farthest fall on the BGI since 2000 is Nicaragua. Second from last is Venezuela, followed by Hong Kong, Hungary and Turkey. The rest of the bottom 10 are Russia, Iran, Poland, El Salvador and Belarus.
Since 2023, which is the last year of data available for the study, Poland and Hungary have both seen government changes via election, despite serious democratic backsliding. Both had fallen out of the group of “consolidated democratic states” by 2023 and moved into the capacity constrained cluster.
The other eight countries at the bottom of the list are all places that once had some semblance of competitive elections, but by now have little or no remaining pretense of democracy. They are grouped by the authors among the “authoritarian and hybrid states”, which have by far the lowest democratic accountability but outperform even some struggling democracies in delivering public goods.
These regimes have tended toward faster economic growth in the period observed. But that seeming prosperity, typically fueled by extractive industries or overreliance on exports, masks “serious institutional weaknesses in these countries, including divided elites,” Anheier said.
Relatively few countries — 21 of the 145 — changed enough for better or worse to be classified in a new group by the end of the 23-year study period.
“Movement between them is rare, but this is largely what we should expect,” said Stella Ghervas, a UCLA historian on a panel of experts who discussed the BGI findings Wednesday. “Government systems are not created in a moment. They evolve over long periods of time.”
Local conditions shaping governance in each country can rarely be quickly reset through political will or even external shocks, Joseph C. Saraceno, a Luskin School data scientist and BGI co-author, said Wednesday.
“Despite all the talk of major transformations happening in global affairs, the underlying configuration of governance simply doesn’t appear to change very much,” Saraceno said. “We use the term inertia to describe this reoccurring pattern. In other words, the structures of global governance are resistant to movement as the conditions beneath them are quite sticky: political economies, demographics, resource endowments. These are deeply layered, and they push each country toward the world that it already inhabits.”
But the challenges lurking around the world may not wait for the slow and difficult processes of political change and development to catch up.
“With the few exceptions of those countries in the consolidated democratic world,” Anheier said, “the great majority of the countries in the world is ill-prepared for the future.”
The full report, ‘ 2026 Berggruen Governance Index – The Four Worlds of Governance‘, can be viewed and downloaded from the website of the UCLA’s Luskin School.
Frank Fuhrig, DNA
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Grobrix Launches “Silver Harvest Initiative”, Turning Schools into Micro-Farms Powered by Students and Retirees
The pilot transforms existing spaces such as corridors and rooftops into small-scale growing sites using compact, soil-less farming systems. By using existing infrastructure instead of new farmland or large facilities, the model enables food production across multiple community locations, making it easier to implement in schools and shared environments.
Students take part in planting, transplanting and harvesting as part of their daily school environment, while crops such as leafy greens can be harvested in cycles of approximately three weeks. This demonstrates how consistent production can be achieved even within limited spaces.
Retirees, known as “Silver Farmers”, manage the farms and oversee daily operations. Students support planting, harvesting and basic monitoring, creating a working environment where food production becomes part of everyday school life. The setup also gives students direct exposure to how food is grown and managed, turning the school into a hands-on learning environment aligned with sustainability and applied learning goals.
“Singapore does not have the luxury of large farming spaces. But we have schools, and we have retirees who want to contribute. This pilot shows that food production can be practical and repeatable by using spaces we already have,” said Mathew Howe, Founder of Grobrix.
The initiative comes amid growing adoption of micro-farming across Singapore, with schools, companies and community spaces increasingly integrating small-scale food production into existing environments. Demand for such systems has risen in recent months, reflecting broader interest in community-based approaches to food resilience.
The Bukit View Primary School pilot will run over 12 months, focusing on improving yields and integrating produce into school consumption. Grobrix will track how much of the school’s leafy green needs can be met through these growing spaces, with the aim of developing a model that can be adopted across other schools.
Grobrix has installed more than 100 edible growing systems across Singapore and is expanding its footprint regionally and internationally. The company plans to scale the Silver Harvest Initiative to more schools while training additional retiree participants, building a network of community-based growing sites over time.
As Singapore continues to strengthen its food security strategy, including updated targets to increase local production of vegetables and protein by 2035, the initiative offers a practical example of how food production can be integrated into everyday environments beyond traditional farming spaces. It also aims to build greater awareness of food sources and encourage more active participation in local food systems.
Hashtag: #Grobrix #growingtogether #sustainability #urbanfarming
https://grobrix.com/
Grobrix is a Singapore based agritech company that integrates farming into the built environment through its patented “Farming as a Service” model. By combining modular vertical farming technology with a cloud based management system, the company enables corporate and residential spaces to produce high quality local crops. Beyond hardware, Grobrix fosters community engagement and food resilience through its unique intergenerational and corporate wellness programs. Currently operating across Singapore, Malaysia, and the United States, the brand is redefining how urban populations interact with their food sources. Its mission is to transform urban infrastructure into a productive, sentient, and sustainable ecosystem for all.
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CUHK Claims Top Positions in Hong Kong and Asia in the Latest QS World University Rankings by Subject
CUHK’s Academic Excellence and Global Research Impact
Ranked among the world’s top 50 universities, CUHK ascended to 32nd place globally in the QS World University Rankings 2026, marking a four-place rise that reinforces its role as a hub for rigorous inquiry, and a dynamic environment where students are empowered to pursue meaningful research and knowledge exchange. This trajectory is supported by 17 CUHK researchers recognised on the Highly Cited Researchers 2025 list by Clarivate Analytics, and 431 academics listed among the world’s top 2% scientists by Stanford University. Among them, 47 scholars were ranked within the global top 100 in their respective fields. Notably, three scholars, including Vice-Chancellor and President Professor Dennis Lo Yuk-ming, have earned positions within the global top 10, a distinction that highlights the remarkable depth and excellence of CUHK’s research community.
CUHK’s The Nethersole School of Nursing: Nurturing Research Innovation and Global Talent in Nursing
Among CUHK’s strongest performers in this year’s rankings, the Nethersole School of Nursing has been ranked #1 in Hong Kong and Asia, and #6 worldwide. Reflecting on the academic environment, Pham Nhat Vi DO, a Vietnamese PhD student in Nursing, shared: “My PhD journey at CUHK has transformed my research abilities, critical thinking, and leadership skills. Through CUHK’s outstanding faculty support, I have accessed diverse academic resources and gained invaluable hands-on experience, building a strong foundation for my future career.”
Vi’s research focuses on colorectal cancer survivorship using cutting-edge technology. As the first Vietnamese researcher adopting this approach, her work reflects CUHK’s strength in empowering students to break new ground.
CUHK’s Geography and Resource Management: Advancing Student Research on Pressing Climate Challenges
CUHK’s Department of Geography and Resource Management has also earned notable recognition in this year’s ranking, placing #4 in Asia and #21 worldwide. Arati POUDEL, a Nepali PhD student, highlighted the University’s research ecosystem as a key defining aspect of her experience. “CUHK exceeds expectations through outstanding research facilities, supportive faculty, and comprehensive professional development opportunities. The prestigious Belt and Road Scholarship has also enriched my research journey in this beautiful campus environment.”
Supported by CUHK, Arati’s research investigates how adaptation to climate extremes—particularly water scarcity and excess—are being addressed, and the pivotal role played by communities and civil society in leading these responses.
Through the QS World University Rankings by Subject 2026, CUHK continues to demonstrate the impact of its research and scholarship. These achievements underscore the University’s growing influence on the global academic stage and its steadfast commitment to addressing complex global challenges through innovation, insight, and collaboration.
Hashtag: #CUHK
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About CUHK
The Chinese University of Hong Kong (CUHK) is a leading higher education institution dedicated to nurturing and empowering students to become responsible and compassionate global citizens. With a rich heritage and a forward-looking vision, CUHK strives to blend tradition with innovation, fostering academic excellence, research breakthroughs, and meaningful societal impact.
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