LEGAZPI CITY: The LCC Mall chain owned by a Filipino-Chinese businessman from Tabaco City in Sorsogon has earmarked P1 billion to put up a mall branch here.
Mayor Noel Rosal told The Manila Times that the P1-billion new mall will be built within the old public market this year: “This new investment will greatly help us to generate more jobs for the Bicolanos and provide additional income for government’s coffer.”
The LCC Mall chain has set up establishments in three key Bicol cities—Tabaco, Legazpi and Naga. Besides LCC, SM and Robinson are reportedly planning to put up similar establishments here before the opening of Bicol International Airport in 2015.
“Legazpi is ranked fifth among fast-rising cities in the Philippines in terms of infrastructure, business development and peace and order situation based on an Asian Institute of Management study that’s why we want to build proper infrastructures, like the all-weather flood system funded by President Benigno Aquino [3rd],” Rosal said.