Rizal Commercial Banking Corporation reported a 71 percent surge in net income to P12.1 billion last year, supported by the double-digit increase in core business income. In a disclosure to the Philippine Stock Exchange, the bank said its fee income also showed marked improvement of 19 percent from...
From left: SEC Chair, Atty. Emilio B. Aquino; ICD Vice Chair and President, Ma. Aurora D. Geotina-Garcia, FICD; RCBC Chief Compliance Officer, Mr. Brent Estrella; RCBC Lead Independent Director, Juan B. Santos; PSE President, Ramon S. Monzon; and ICD Chairman, Atty. Cesar L. Villanueva, FICD. The...
Robinsons Land Corporation’s RL Commercial REIT, Inc. (RCR), the Philippines’ largest real estate investment trust, reported a 162 percent jump in unaudited net income to P4.4 billion last year from P1.68 billion in 2021. In a disclosure to the Philippine Stock Exchange, the firm said the P4.4...
RL Commercial REIT (RCR), the real estate investment trust sponsored by Robinsons Land Corporation, has earned its second EDGE certification from Philippine Green Building Initiative Inc. (PBGI). The REIT said its office tower Cyberscape Beta was awarded its EDGE certificate after an assessment of...
If the disastrous New Year flight cancellations at the Ninoy Aquino International Airport (NAIA) showed anything, it's that the Civil Aviation Authority of the Philippines (CAAP) had been wearing too many hats. The scene at NAIA on Monday, Jan. 2, 2023, or a day after the power outage that affected...
Rizal Commercial Banking Corporation is planning to spin-off its trust and investment business into a Stand-Alone Trust Corporation (SATC) as approved by the bank’s Board of Directors. In a statement, RCBC said its Head of Trust and Investments Group (TIG) Dr. Robert Ramos has announced to the...
State-run Social Security System (SSS) announced that it has entered into agreement with Union Bank of the Philippines (UBP) and Rizal Commercial Banking Corp. (RCBC) for the issuance of Unified Multi-Purpose ID (UMID) ATM Pay Cards. In a statement, Michael G. Regino, SSS president and chief...
Stock market analysts cheered the higher-than expected Philippine economic growth in the third quarter, attributing it to the Marcos government’s decision to ease Covid restrictions which resulted in higher consumer spending and a more active economy. “Growth was able to outperform the previous...
The net income of RL Commercial REIT, Inc. (RCR), the Philippines’ largest real estate investment trust, almost quintupled, rising 393 percent to P3.13 billion in the first nine months of 2022 from P633.79 million in the same period last year. In a disclosure to the Philippine Stock Exchange, RCR...
Ayala Malls gathers its merchants in its bid to redefine the post-pandemic mall experience STRIKE A POSE Fernando Zobel takes a selfie with partner merchants, media guests, and Ayala Malls executives The social and economic impact of the ongoing pandemic has been devastating with the dramatic loss...
QUEZON -- A commercial fishing vessel was caught in the act of using unauthorized methods by the joint government agencies at the municipal waters of Catanauan in this province. Photo from BFAR 4A - Quezon The Quezon-Bureau of Aquatic Resources-4A Fishery Law Enforcement Group (BFAR 4A-FPLEG)-Team...
Promising growth seen in light commercial vehicle segment The country’s leading automotive and mobility company Toyota Motor Philippines (TMP), wants to give business owners and entrepreneurs a leg up when it comes to transporting their goods. It has reintroduced one of its most iconic...
