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In the Philippines, signs of an economic crisis abound: empty malls, buy-one-get-one-free car deals, and restaurants closing permanently.
METRO MANILA malls are requiring the use of face masks as they reopen today after being shut for two months due to the strict lockdown enforced in response to the COVID-19 pandemic.
WITH the entire Luzon island under lockdown and local governments having ordered malls and other non-essential businesses to close, there is a need to know if basic necessities like food and medicine are still available. Ortigas malls — Greenhills Shopping Center, Estancia, Tiendesitas, and Industria — have announced that while the main malls are closed, many of their food establishments are still open for deliveries and take-out.
THE Philippines, home to among the world’s largest malls, will hold a month-long shopping sale next month, a move that could reinvigorate the retail sector hurt by the virus scare.
DOUBLEDRAGON Properties Corp.’s earnings surged 66% in the third quarter of 2017, primarily from the expansion of its community malls around the country. In a...