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City of Firsts: Araneta introduces new look, brand for QC project

By Mark Louis F. Ferrolino
Special Features Writers

ARANETA Center, Inc. (ACI) is breathing new life into its Quezon City flagship project, relaunching it as Araneta City.

“We wanted to say and describe what Araneta Center is now. For all intents and purposes, it is a city. We have residences, offices, entertainment, dining, and shopping. We have excellent transport connectivity, we’re in the middle most of everything. We’re more apt to be called as a city now,” ACI Chairman of the Management Committee Rowell Recinto told BusinessWorld in an interview.

Araneta City recently introduced a new brand, logo and tag line.

Mr. Recinto said that the recent rebranding is important so the people will easily identify what Araneta City is, given the presence of other competing developments in the area.

“We have to send out a very clear message,” he added.

Araneta City’s tag line is now “The City of Firsts,” referring to its introduction of first-of-its-kind developments and concepts in the country.

For instance, Ali Mall was the country’s first major shopping mall; the Araneta Bus Station was the first integrated bus terminal serving several bus companies; and Ticketnet, which is the first online ticketing system. Other “firsts” include the Oasis — the first indoor, open-air, air-conditioned floating garden restaurant; and the Platinum Cinema — the first Lazy-Boy movie theater.

“Before, there are only shopping, dining and entertainment. Now, Araneta is envisioned with shopping, dining, entertainment, residences, offices, hospitality and services. And we are not done, far from it,” Mr. Recinto said in a speech during the Sept. 24 event.

The transformation within the 35-hectare Cubao property continues with the ongoing developments in the Cyberpark complex, the Manhattan Garden City, the expansion of Gateway Mall, and the near completion of the first Ibis Styles Hotel in the country.

Mr. Recinto also announced that the entire Araneta City will be covered by Wi-Fi services both by Globe Telecom, Inc. and Smart Communications, Inc.

When asked further about ACI’s plans for Araneta City in the coming years, Mr. Recinto said, “Look around, if you see an old building or a single-storey building, that’s going down.”

He said ACI plans to build more, and to make this feasible, they have to demolish such properties.

By 2030, ACI, aims to have a total floor area of three million square meters in place within the Araneta City, said Mr. Recinto. “That means we’re going to build a lot more because we’re going to knock down buildings,” he added, noting that future projects will focus more on vertical developments.

“Capability wise, [or in terms of] financial capability, we can do it. Obviously, we will consider any partnership if the partner has something to bring to the table, let’s say expertise, experience. But financially, we can manage,” Mr. Recinto said.

Meanwhile, Araneta City’s first-ever mobile application was also launched during the brand kickoff. The app serves as a mobile concierge to let customers enjoy an array of features of Araneta City.

The mobile app lists all of Araneta City’s merchants, shops, clinics, restaurants, offices, as well as its locations, descriptions and contact information. Users can also use the app to buy and reserve tickets for the events, concerts and movies showing in Araneta City, and even for bus trips.

Nickel Asia to boost production at Cagdianao mine next year

By Vincent Mariel P. Galang, Reporter

CAGDIANAO — Nickel Asia Corp. (NAC) is increasing production at its Cagdianao mine site by 10% next year, as it anticipates an improvement in nickel prices as Indonesia begins implementing a nickel export ban.

“For 2020, the budget (production) for Cagdianao is 3 million wet metric tons (WMT). We’ll add about 300,000 (WMT) next year,” NAC Vice-President for Operations Aloysius C. Diaz told BusinessWorld in an interview last month.

Next year’s production would be higher than the 2.354 million WMT target for this year.

The Cagdianao mine site is located in Barangay Valencia in the municipality of Cagdianao, Dinagat Islands in the Caraga Region. It has a total Mineral Production Sharing Agreement (MPSA) for 697 hectares, a third of which is mineable.

The mine can produce up to 5 million WMT of nickel, which is used for the production of stainless steel.

“The improved prices due to the ban to be imposed on Indonesian nickel ore export by the Indonesian government, and of course we have to increase productivity of our CMC (Cagdiano Mining Corp.) team,” Mr. Diaz said.

Indonesia has announced that it will start its nickel ore export ban on Jan. 1, 2020.

Meanwhile, Mr. Diaz said this year, the company expects to have additional seven shipments, which have an average of 53,500 WMT per vessel, or a total of 374,500 WMT, bringing expected production this year at 2.728 WMT.

“The Cagdianao mine will be ahead by seven shipments this year, compared to 44 shipments scheduled for this year. Cagdianao will make about 51 shipments this year,” he said.

The bulk of the shipments with 1.55% ore grade, or medium-grade ore, are being exported to China, while those with 1.7% ore grade are sent to Japan.

“We have to improve our bottomline because the opportunity presented itself. We had improved productivity and the price of our product also improved,” Mr. Diaz noted.

For the first six months of 2019, NAC reported a 48% decrease in its attributable net income due to foreign exchange losses. The listed miner said earnings dropped to P713.75 million during the six-month period from P1.39 billion it booked in the same period last year. Revenues went up 1.14% to P7.46 billion during the January to June period.

It incurred P81-million net loss from its equity investments in Coral Bay Nickel Corp. and Taganito HPAL Nickel Corp. (THPAL) versus net earnings of P526 million last year due to lower nickel and cobalt prices.

The miner sold 9.08 million WMT of nickel ore during the January to June period, 2% up from last year’s 8.89 million WMT. Limonite ore deliveries also increased 10% to 4.41 million WMT, which offset the decline in ore export volumes by 4% to 4.67 million WMT.

New towers to rise in Arcovia City

MEGAWORLD Corp. is developing three residential towers in its 12.3-hectare Arcovia City township in Pasig City.

Arcovia Palazzo will offer 1,472 units across three residential towers — the 40-storey Altea Tower, 45-storey Benissa Tower, and the 49-storey Cantabria Tower.

Designed by UK-based world-renowned architectural firm Broadway Malyan, Arcovia Palazzo’s units range from studio with or without balcony (up to 32 square meters); one-bedroom with or without balcony (up to 46.5 sq.m.); two-bedroom with balcony (up to 77 sq.m.); and three-bedroom with balcony (up to 193.5 sq.m.).

Select bi-level units with onebedroom (up to 107 sq.m.) or two-bedroom (up to 139 sq.m.) are also available.

Amenities at Arcovia Palazzo will include an infinity pool with pool deck, pavilion, Jacuzzi, game room, fitness center, daycare center, outdoor seating lounge, children’s playground and function rooms.

The towers’ ground level will feature retail spaces with a view of the township’s landmark Arco de Emperador.

Megaworld is targeting around P12 billion in sales from the project, which is scheduled to be completed by 2025.

Arcovia Palazzo is Megaworld’s second residential development in Arcovia City. Last year, it launched the 37-storey 18 Avenue de Triomphe which offers 576 units and is now nearly sold out. Construction of the tower has started, and is expected to be completed by 2023.

Located along C-5 corridor, Arcovia City is now home to Landers Superstore and the Arcovia Parade commercial area, as well as the Arco de Emperador.

Maja Salvador bags best actress prize in Busan’s inaugural TV award

ACTRESS Maja Salvador has won the Best Actress Award for her work in the TV series Wildflower at the inaugural Asian Contents Award organized by the Asian Film Market in Busan, South Korea. She shares her award with Chinese actress Yao Chen for her work in All is Well.

“It was an honor to be trusted with this role by our network, ABS-CBN, and the whole team of Wildflower,” Ms. Salvador said in her acceptance speech in a video posted by ABS-CBN.

In the ABS-CBN revenge drama which aired from 2017 to 2018, Ms. Salvador plays Lily Cruz and Ivy Aguas, the latter identity she uses to exact revenge on those who did her family wrong.

During her acceptance speech, Ms. Salvador also thanked actor Tirso Cruz III (who played the main antagonist in the drama) who “upped my game and encouraged me when I thought I had nothing more to give.”

The same series was also nominated in the Best Asian TV Drama category but lost to Thailand’s Hormones and Singapore’s Faculty.

The Asia Contents Awards recognize outstanding TV series from across Asia and is organized by the Asian Film Market, a film market held concurrent with the Busan International Film Festival.

SIX PINOY FILMS IN CONTENTION
The film festival, which runs until Oct. 12 in various venues in Busan, is the stage for six Filipino films which are either having their world premieres or international premieres at the festival.

The films that form the Philippine delegation are: Mindanao by Brillante Mendoza which is having its world premiere at the festival, and Ang Hupa (The Halt) by Lav Diaz. Both films are part of the newly established Icons section which features films “made by iconic filmmakers from around the world… in order to eagerly focus on the both the directors and their works,” according to the film festival website.

Also included in the Philippine lineup is John Denver Trending by Arden Rod Cortez which won Best Picture among a host of other awards in this year’s Cinemalaya Independent Film Festival. The film is competing in the New Currents section against 14 Asian films.

Lingua Franca by Isabel Sandoval and Verdict by Raymund Ribay Gutierrez are included in the Window on Asian Cinema category while Basurero by Eileen Cabiling competes in the Wide Angle (Asian Short Film Competition). Verdict won the Best Jury Prize in the Orizzonti section of this year’s Venice International Film Festival. It is also the film selected by the Film Development Council of the Philippines to represent the country in the Best International Feature Film category of the 92nd Academy Awards to be held in February 2020. — Zsarlene B. Chua

LBC withdraws application to conduct follow-on offering

LBC Express Holdings, Inc. has withdrawn its application to conduct a follow-on offering with the Securities and Exchange Commission (SEC), citing how the financial statements required for the issuance have already lapsed.

In a disclosure to the stock exchange Monday, the Araneta-led logistics firm said it has filed the withdrawal for its application to offer a total of 69.101 million common shares, which was submitted in April 2018. The offering included 10 million new common shares and 59.10 million secondary shares.

LBC Express said financial information included in a registration statement should be as of a date not earlier than 180 days from the date of filing. Its application, however, still contains its financial performance for the full year ended 2016, 2017, and 2018, as well as the period ended March 2019.

“Considering that these financial statements have become stale, there is now a need to further update the same,” the company said.

“The company anticipates that it will take some time to have its financial statements audited or reviewed, and for this reason has decided to withdraw its Offer, without prejudice to a possible re-filing by the company of such application at a later date.”

LBC Express has been trying to pursue a follow-on offering for about four years now, since it entered the stock market by taking over dormant holding firm Federal Resources Investment Group, Inc. in 2015.

Its application was previously rejected by the Philippine Stock Exchange because of the pending cases filed by the Philippine Depository Insurance Corp. (PDIC) against its owners.

The PDIC case filed before the Department of Justice in 2016 concerns the officials of the now defunct LBC Development Bank, Inc. for estafa, and violation of the PDIC Charter or Republic Act No. 3591 by conducting business in an “unsafe and unsound manner” that caused the bank to lose at least P1.8 billion.

LBC Express argued then that the PDIC case should not affect its eligibility to conduct the share sale.

Meanwhile, the company has committed to open 70 to 100 branches every year, funded through internally generated sources as well as the supposed proceeds of the follow-on offering.

LBC Express’ net income attributable to the parent fell by 53% to P561.88 million in the first half of 2019, amid a 34% jump in gross revenues to P7.85 billion.

Shares in LBC Express were last traded at P13.54 each at the stock exchange on Friday, Oct. 4. — Arra B. Francia

AboitizLand, Point Blue to develop microstudios in Metro Manila

ABOITIZLAND, Inc. is partnering with Point Blue for the development of microstudio rental units in Metro Manila.

In a statement, the real estate arm of the Aboitiz Group said it signed a 50/50 joint venture with Point Blue to build microstudio rental apartments within walking distance of central business districts in Metro Manila.

“For 25 years, AboitizLand has been creating better ways to live through innovative concepts translated to thriving residential, commercial, and industrial communities. This strategic joint venture partnership allows us to offer the same elevated way of living for young urban professionals in Metro Manila,” Rafael de Mesa, AboitizLand first vice president of operations, was quoted as saying.

Point Blue is described as a company that designs, develops and manages apartment units, sized between 10-15 square meters (sq.m.). Rental rates for these microstudios range from P12,000 to P15,000 a month.

“Point Blue is an innovative company that created the microstudio category in the Philippines. They have proven that you can deliver beautifully designed living spaces at affordable prices and convenient locations, delivering the best possible residential experience at a price that is accessible to Manila’s young and dynamic workforce,” Mr. de Mesa said.

The microstudios are furnished with a bed, storage space, a desk and chair, roller blinds, air-conditioner, microwave and free high-speed Internet. There is also a private shower, water heater and bidet.

Point Blue buildings are located within a 15-minute walk to central business districts in Makati City and Bonifacio Global City. It currently has 302 units in three locations. The company expects to have three more buildings before the end of the year.

“We are very excited to be partners with AboitizLand, a company backed by a strong reputation and decades of experience. We share their commitment of creating better ways to live by providing an elevated living experience for our urban professionals who are the backbone of our vibrant economy,” JR Yujuico, Point Blue chief executive officer, said.

Mr. Yujuico hopes the partnership will allow the company to ramp up its expansion in Metro Manila.

“This partnership will enable Point Blue to rapidly expand our footprint in Metro Manila and beyond. We expect to scale up to twenty buildings in the next two years. We have seen incredible demand for our product and look forward to giving more people better housing options in the coming years,” Mr. Yujuico said.

Disney bans Netflix ads from some networks

WALT DISNEY CO. is stepping up its fight with Netflix Inc. as the two companies prepare to compete for streaming customers, but it’s not a total war yet.

Disney channels such as ABC, FX, and National Geographic will no longer air Netflix commercials, according to a person familiar with the matter, since the ads would help promote a rival service. But Disney’s ESPN network will still run Netflix spots. And Disney might consider airing a Netflix ad during its Oscars telecast, provided it promotes a movie and not the streaming service itself, said the person, who asked not to be named because the deliberations are private.

The situation reflects the tangled web of the new streaming economy, with onetime partners turning into rivals.

TV networks have long used discretion in running ads from rival media companies. (One exception is movies, which usually get promoted everywhere.) But tensions have grown now that everyone is racing to build a direct relationship with viewers.

SMALL PIECE
Netflix has many other options to advertise its service, through billboards, online marketing, and other TV networks. Netflix was an early adopter of online advertising and still relies more on internet ads than traditional media.

The amount going to Disney was already fairly small. The streaming pioneer only spent about $99 million of its $1.8 billion marketing budget on network TV ads, according to the Wall Street Journal, which cited ad-measurement firm ISpot.TV. The Journal was first to report on Disney barring Netflix ads.

An estimated 13% of that network-TV budget was with Disney-related channels, according to ISpot.TV, but a person familiar with the matter said the actual figure was even smaller.

In the early days of streaming, big media companies saw companies like Netflix and Hulu as critical outlets for reruns of their TV shows and films. That’s now changed as Disney, AT&T Inc.’s WarnerMedia, Comcast Corp. and others launch their own direct-to-consumer video offerings.

Disney started an online service last year called ESPN+, which offers college and some pro sports for $5 a month. The Burbank, California-based company also bought majority control of Hulu with its acquisition of Fox’s entertainment assets earlier this year. Next month, it will introduce Disney+, a $7-a-month service featuring programming from Marvel, Pixar and other family-friendly outlets.

TREADING CAREFULLY
Disney earlier proposed banning ads from all streaming rivals — rather than just Netflix — but it ultimately chose a more targeted approach. It has ongoing relationships with most of the other media giants that are diving into streaming, so there’s more reason to make nice. Amazon.com Inc., which has its own streaming service, remains a key partner with Disney in distributing its channels — through the Fire Stick device and in selling consumer products like Frozen 2 dolls.

“The direct-to-consumer business has evolved, with many more entrants looking to advertise in traditional television, and across our portfolio of networks,” Disney said in a statement. “While the initial decision was strictly advertising based, we reevaluated our strategy to reflect the comprehensive business relationships we have with many of these companies, as direct-to-consumer is one element.” — Bloomberg

PSE says 45 firms are Shariah-compliant

PSE
ONLY 45 listed firms are found to be Shariah-compliant as of end-June. — PHILSTAR/KRIZ JOHN ROSALES

THE number of listed firms compliant with Islamic principles of finance fell in the quarter ending June, the Philippine Stock Exchange, Inc. (PSE) said Monday.

In a memorandum posted on its website, the PSE revealed that 45 securities were Shariah-compliant in the second quarter, down from 53 in the first three months of 2019.

The review period ending Sept. 25 saw the removal of nine securities, namely Concrete Aggregates Corp. “A,” Concrete Aggregates Corp. “B,” DMCI Holdings, Inc., iPeople, Inc., Macay Holdings, Inc., Philippine Estates Corp., Pilipinas Shell Petroleum Corp., PXP Energy Corp., and SFA Semicon Philippines Corp.

Meanwhile, United Paragon Mining Corp. made it to the second quarter’s list.

The PSE hired IdealRatings, Inc., a provider of Islamic finance information specializing in screening securities for Shariah compliance, for the period in review.

Being compliant with Shariah principles indicates that firms are not involved in conventional interest-based lending and financial services such as insurance, mortgages and leasing, and other derivatives. — Arra B. Francia

Globe 5G services offered in parts of Rizal, Cavite, Bulacan

GLOBE Telecom, Inc. is expanding the coverage of its fifth-generation (5G) network to parts of Rizal, Cavite and Bulacan.

The Ayala-led telecommunications giant said its 5G fixed wireless broadband service is now available in Greenpark in Cainta, Rizal; Woodland Hills in Carmona, Cavite; Carissa Homes 2A and 2B and Palmera Homes in San Jose Del Monte, Bulacan.

The rollout comes after Globe began the commercial availability of the next-generation network in the Philippines in July.

“Our aim for 5G deployment is to serve more customers, especially in areas where we encounter challenges in rolling out fiber-optic cable, through providing technology that enables them for the future,” Globe Senior Vice-President and Head of Broadband Business Martha Sazon said in a statement yesterday.

Globe earlier said rolling out 5G to the market is expected to come at a faster rate as the technology can ride on existing wireless sites, therefore hurdling geographical limitations and permitting needs that are required by fiber optic cables.

The company is targeting to hit 2 million home subscribers for its internet broadband service by 2020. It already hit the 1.8 million mark in the second quarter for the combined fixed wireless and wired home broadband subscribers. In revenues, the home broadband segment also contributed P10.6 billion to the company in the six-month period, rising 21% from a year ago.

Globe’s 5G services are currently limited to home subscribers, where it promises a network speed of up to 100 megabits per second (Mbps) for a monthly subscription price of P2,899. The faster 50 Mbps is available for P2,499 per month, while the 20 Mbps service is priced at P1,899 per month.

Globe President and Chief Executive Officer Ernest L. Cu said in September the rollout of 5G is still expensive at the moment because of the high price of equipment needed to power the technology. What the company wants to focus on for now is finding the business potential for 5G before it enters a massive expansion for the network across the country.

Globe booked an attributable net income of P12.05 billion in the first half of the year, up 21% from a year ago, driven by the robust growth of its data business. It is allocating P63 billion for capital expenditures this year to support the country’s growing demand for data. — Denise A. Valdez

Bringing back the National Conference of Architects

By Benjamin K. Panganiban Jr.
Architect

MORE than a decade ago, the United Architects of the Philippines (UAP) and the Integrated and Accredited Professional Organization of Architects by the Professional Regulations Commission ended their National Conference of Architects (NCA) which gathered architects from around the country.

Now, the UAP is bringing back the NCA — a mid-year conference of architects in the beautiful place of Koronadal in South Cotabato from Oct. 17–19 this year.

Every April, the UAP conducts their annual NCA and their convention. This fiscal year marks the 46th year as an architects’ premier organization.

A few years ago, the mid-year conference of architects held every October was scrapped for some time. In lieu of it, an Architects Area Assembly was held every January or February. There where four area assemblies every fiscal year representing four Areas under the UAP.

As the organization grew by leaps and bounds, the membership had to be updated and upgraded in terms of professional developments. This was the reason why Joint Area Assemblies (JAA) were held every October.

And as this leadership assumed its second term, the National Board of Directors decided to rename the JAA and hold the National Conference of Architects.

From the 17th to 19th day of this month, the NCA 2019 will be held in Koronadal, the capital City of South Cotabato. The local government is preparing to welcome architects to the place known as the Land of the Dreamweavers.

It will be exactly 11 years since the last NCA in Davao City in 2008. This time, Mindanao-based architects are opening the place to creative people, friends in the industry and promising entrepreneurs who wish to invest in the now booming region, thanks to the Philippine President who is now the number one promoter for Mindanao.

UAP Architects will hosted by the Farm at Carpenter Hill in Koronadal City. There will be professional development seminars to comply with the CPD law and to upgrade the stock knowledge of architects in the field of constructing vertical structures conducted by the Office of the Occupational Safety and Health Center.

There will also be educational and cultural tours to the picturesque Lake Sebu, the majestic Seven Waterfalls, pineapple plantations, and Mount Matutum mountain ranges. Visitors will also learn about the Tinalak, a native cloth now worn by international models and even politicians.

The UAP organizing committee, headed by Arch. Rosario Q. Roxas under the Commission on Conventions and Assemblies of Arch. Antonio Valdez, and the local UAP Koronadal chapter headed by its president Jim Harris Bastes have been working to make this National Conference of Architects 2019 a memorable and fun-filled three-day experience for the architects.

To recall the UAP’s campaign advocacy “For your plans and designs, get an architect,” promoting the profession is improving the lives of our fellow architects in the regions and around the country.

 

Benjamin K. Panganiban Jr. is the current national president of the United Architects of the Philippines (UAP) and the first national president coming from Mindanao. He has been in the private practice for more than 34 years and is a fellow of the UAP. He is also the first ASEAN architect and APEC architect coming from Davao City. He is a graduate of BS Architecture from the University of Mindanao and is also a Doctor Fellow of the Royal Institute of Architects Singapore.

Joker smashes Oct. record with $93.5-M debut

LOS ANGELES — Warner Bros.’ Joker laughed its way to a new record at the US domestic box office.

Despite mounting controversy and security concerns, the R-rated comic-book movie scored $93.5 million over the weekend and now stands as the biggest October launch of all time. Those ticket sales easily crushed the benchmark previously set last year by Sony’s superhero tentpole Venom with $80 million.

Directed by Todd Phillips and starring Joaquin Phoenix, Joker has been the subject of scrutiny in weeks leading up to its release over fears that the disturbing origin story of Batman’s infamous foe could inspire violence. However, those anxieties didn’t deter moviegoers from turning out en masse to see what all the fuss was about.

Joker has inspired waves of headlines over apprehensions that its depiction of a mentally ill assassin could incite violence, prompting movie theaters across the country to take extra security precautions. New York and Los Angeles police increased their presence around multiplexes, and exhibition owners outlawed costumes and face masks in some venues. The industry started to make some of these moves after the 2012 mass shooting in Aurora, Colo., at a midnight screening of The Dark Knight Rises left 12 people dead and 70 injured. Members of families affected by the Aurora shooting had spoken against Joker.

Joker, co-starring Robert De Niro, Zazie Beetz, and Frances Conroy, takes an unconventional approach to the superhero genre. The film follows Arthur Fleck (Phoenix), an aspiring stand-up comedian who descends into madness as his life and career being to spiral. Village Roadshow and Bron Studios co-produced and co-financed the film, which reportedly cost $55 million before taking global marketing and distribution fees into account.

In a surprise victory, Joker took home the top prize at this year’s Venice Film Festival, with critics lauding Phoenix’s borderline unsettling take on Batman’s arch nemesis. Audiences gave the film a B+ CinemaScore this weekend. Imax showings accounted for $7.5 million at 392 venues.

As the lone nationwide release, Joker received majority of box office spoils, earning more than the rest of the films in the top 10 combined. Last weekend’s box office champion, Universal’s Abominable, slid to second place, collecting $12 million for a domestic haul of $37.8 million. In third, Focus Features’ Downton Abbey raked in another $8 million, boosting North American ticket sales to a strong $73 million. STX’s Hustlers landed at No. 4 with $6.3 million. After four weeks in theaters, the Jennifer Lopez and Constance Wu-led film has generated $91.3 million domestically. Rounding out the top five is Warner Bros.’ It: Chapter Two, which scared up $5.4 million during its fifth outing, taking the terrifying sequel past $200 million at the North American box office. — Reuters

Alsons to build shop-and-dine hub at former fruits stalls site

DAVAO CITY-based Alsons Development and Investment Co. is transforming the former Madrazo fruits stands area into a shopping and dining destination with its Poblacion Market Central project.

In a statement, the company said the commercial project, which will cover a 3,892-square meter property, “will be an inspiring addition to a neighborhood that is at the crossroads of old and new Davao.”

“With modern high-rise condominiums rising alongside top-tier hotels and universities in the area, the project’s location is indeed a prime commercial address,” said Alsons Development, the real estate unit of the Alcantara Group.

The company said the Poblacion Market Central targets to house retail and art shops, and local restaurants.

The project is a block away from the Aldevinco Shopping Center, the iconic souvenir destination that is also owned by Alsons. — Carmelito Q. Francisco

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