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More Cebu malls sprout, expand

    CEBU is set to become an emerging shopping destination in the Philippines as existing mall operators are expanding and new ones are set to rise in the different parts of the province in the coming years.

Ayala Center Cebu mall developer Cebu Holdings Inc. (CHI) president and chief executive officer Francis Monera said Cebu’s shopping market has been “tremendously” growing not only in Metro Cebu but in other key cities and towns in the province.

“There is a lot of money in Cebu. Offer something of value and it’s taken,” Monera said. SunStar

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