AYALA LAND, Inc. (ALI) said it is opening new malls this year with about 78,000 square meters (sq.m.) of retail space as the property developer banks on surging foot traffic. “We’re opening new malls ...

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.