ROBINSONS LAND CORP. (RLC) and the General Santos (GenSan) City government signed a public-private partnership (PPP) contract for the P2.33-billion redevelopmentROBINSONS LAND CORP. (RLC) and the General Santos (GenSan) City government signed a public-private partnership (PPP) contract for the P2.33-billion redevelopment

RLC, GenSan sign P2.33-billion PPP for public market redevelopment

2026/03/12 00:12
2 min read
For feedback or concerns regarding this content, please contact us at crypto.news@mexc.com

ROBINSONS LAND CORP. (RLC) and the General Santos (GenSan) City government signed a public-private partnership (PPP) contract for the P2.33-billion redevelopment of the city’s central public market.

Under the partnership, Robinsons Land will build Palengke Heneral, General Santos City’s first modern marketplace, on a 23,126-square-meter (sq.m.) site with more than 14,800 sq.m. of floor area in an established commercial district, the company said in a statement on Wednesday.

The three-story development will feature separate wet and dry zones, enhanced sanitation, improved ventilation, and security measures such as closed-circuit television (CCTV) coverage, it said.

Palengke Heneral will also integrate solar panels to support more efficient operations and reduce environmental impact, in line with Robinsons Land’s sustainability initiatives, including its solar-powered mall in General Santos City.

“Premiumization does not always mean higher prices or exclusivity,” RLC President and Chief Executive Officer Mybelle V. Aragon GoBio said.

Market stakeholders in General Santos City, including the Vendors’ Association and the Chamber of Commerce and Industry, welcomed the planned upgrades, citing improvements in layout, management, customer service, productivity, and opportunities for local businesses, according to RLC.

A three-level mall will also rise nearby, with an al fresco dining area overlooking Sarangani Bay and adding lifestyle components to the redevelopment.

Robinsons Land said the project expands its presence in Mindanao, where it continues to grow its portfolio of malls, hotels, and residential developments in key regional hubs.

Under the agreement, Robinsons Land will turn over the upgraded facility to the General Santos City government after the 25-year lease period.

“The arrangement reflects responsible PPP execution, with clear roles, long-term stewardship, and safeguards that protect the public interest while delivering professional management and private-sector efficiency,” the company noted.

RLC shares increased by 1.49% to P17.76 each on Wednesday. — Alexandria Grace C. Magno

Market Opportunity
PUBLIC Logo
PUBLIC Price(PUBLIC)
$0.01537
$0.01537$0.01537
+0.13%
USD
PUBLIC (PUBLIC) Live Price Chart
Disclaimer: The articles reposted on this site are sourced from public platforms and are provided for informational purposes only. They do not necessarily reflect the views of MEXC. All rights remain with the original authors. If you believe any content infringes on third-party rights, please contact crypto.news@mexc.com for removal. MEXC makes no guarantees regarding the accuracy, completeness, or timeliness of the content and is not responsible for any actions taken based on the information provided. The content does not constitute financial, legal, or other professional advice, nor should it be considered a recommendation or endorsement by MEXC.

You May Also Like

OpenVPP accused of falsely advertising cooperation with the US government; SEC commissioner clarifies no involvement

OpenVPP accused of falsely advertising cooperation with the US government; SEC commissioner clarifies no involvement

PANews reported on September 17th that on-chain sleuth ZachXBT tweeted that OpenVPP ( $OVPP ) announced this week that it was collaborating with the US government to advance energy tokenization. SEC Commissioner Hester Peirce subsequently responded, stating that the company does not collaborate with or endorse any private crypto projects. The OpenVPP team subsequently hid the response. Several crypto influencers have participated in promoting the project, and the accounts involved have been questioned as typical influencer accounts.
Share
PANews2025/09/17 23:58
China Blocks Nvidia’s RTX Pro 6000D as Local Chips Rise

China Blocks Nvidia’s RTX Pro 6000D as Local Chips Rise

The post China Blocks Nvidia’s RTX Pro 6000D as Local Chips Rise appeared on BitcoinEthereumNews.com. China Blocks Nvidia’s RTX Pro 6000D as Local Chips Rise China’s internet regulator has ordered the country’s biggest technology firms, including Alibaba and ByteDance, to stop purchasing Nvidia’s RTX Pro 6000D GPUs. According to the Financial Times, the move shuts down the last major channel for mass supplies of American chips to the Chinese market. Why Beijing Halted Nvidia Purchases Chinese companies had planned to buy tens of thousands of RTX Pro 6000D accelerators and had already begun testing them in servers. But regulators intervened, halting the purchases and signaling stricter controls than earlier measures placed on Nvidia’s H20 chip. Image: Nvidia An audit compared Huawei and Cambricon processors, along with chips developed by Alibaba and Baidu, against Nvidia’s export-approved products. Regulators concluded that Chinese chips had reached performance levels comparable to the restricted U.S. models. This assessment pushed authorities to advise firms to rely more heavily on domestic processors, further tightening Nvidia’s already limited position in China. China’s Drive Toward Tech Independence The decision highlights Beijing’s focus on import substitution — developing self-sufficient chip production to reduce reliance on U.S. supplies. “The signal is now clear: all attention is focused on building a domestic ecosystem,” said a representative of a leading Chinese tech company. Nvidia had unveiled the RTX Pro 6000D in July 2025 during CEO Jensen Huang’s visit to Beijing, in an attempt to keep a foothold in China after Washington restricted exports of its most advanced chips. But momentum is shifting. Industry sources told the Financial Times that Chinese manufacturers plan to triple AI chip production next year to meet growing demand. They believe “domestic supply will now be sufficient without Nvidia.” What It Means for the Future With Huawei, Cambricon, Alibaba, and Baidu stepping up, China is positioning itself for long-term technological independence. Nvidia, meanwhile, faces…
Share
BitcoinEthereumNews2025/09/18 01:37
Top 10 Meme Coins 2026 Investors Can’t Ignore: How Early Crypto Presales Are Driving the Next Bull Run

Top 10 Meme Coins 2026 Investors Can’t Ignore: How Early Crypto Presales Are Driving the Next Bull Run

Market excitement is intensifying as momentum builds around Pudgy Penguins ($PENGU), SPX6900 ($SPX), Cheems ($CHEEMS), Official Trump ($TRUMP), Apeing ($APEING),
Share
Timestabloid2026/03/28 01:15