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Tycoon John Gokongwei Jr. is set to open up four new malls this year as part of the Robinsons Land Corp. (RLC) to increase its property portfolio in the Philippines. The new malls will be situated in Malolos, Bulacan; Santiago, Isabela; Roxas City and Butuan, all part of RLC’s Commercial Centers Division. The formal date for the opening of these shopping malls is set last March 11, 2013.
RLC has allotted P13 billion for its capital spending, with interests in residential development and hotel operations as a possible growth opportunity away from shopping malls. Much of RLC’s current operations are fuelled by the property boom currently sweeping the country.
