Cebuano-owned Cebu Landmasters Inc. has further solidified its position in the thriving real estate industry in the Philippines by opening its first regional office in Luzon.

Nonetheless, new malls such as One Ayala in Makati City, Parqal in Paranaque City and Gateway Mall 2 in Quezon City continued to open stores during the quarter, keeping the retail market active.

A shopper looks at Christmas items for sale inside a mall in Makati City. PHOTO BY RIO DELUVIO On November 18, adjusted mall hours in Metro Manila started in a bid to ease traffic congestion.