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With the pleasure of a growing family while at the same time pursuing studies at FEU in the early 50s, he sought more ways to augment his income. While other young men went to the US to pursue a higher education, he went on a long business trip to the East Coast, and came home with a lot of merchandising ideas.For a time, he was selling a lot of shoes, accessories, and leather goods, hoping to change the way shoe manufacturers look at the industry.When we started the construction of our first mall in 1983, the Philippines was in the midst of a debt moratorium and experienced hyper inflation.The economy decline was further aggravated by the assassination of Ninoy Aquino.Many things in life grow out of needs, and to meet the needs, you become determined.

His journey from the thatched hut I saw there to the shopping centers he has today is something that amazes even myself.

He came to the Philippines at the young age of 12, and worked in his father’s small sari-sari store more than 12 hours everyday to help him. There, he devised ways to increase his income by developing small portions of products – much like the sachets we see today in the supermarkets.

It was located on Echague St., which is now Carlos Palanca Sr. He was able to make multiple sales in order to make extra income, spending so much time in the store that he had no time to go out and play with friends in the neighborhood.

It did not take a long time for him to realize, however, that he can only do so much in a sari-sari store environment.

WWII came and the sari-sari store was looted and burned.

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