RL Commercial REIT, Inc. (RCR) has kicked off its P23.5 billion initial public offering which has generated strong institutional interest following its book-building process. 28461 In an interview, RCR Chairman and President of sponsor Robinsons Land Corporation Frederick D. Go said in a media...
The Gokongwei Group’s RL Commercial REIT Inc. (RCR) has set its final initial public offering price at P6.45 per share, making it the country’s largest real estate investment trust with a market capitalization of P64.2 billion. The firm is raising up to a total of P23.51 billion from its maiden...
It has been said that 2021 is the year of the REIT (real estate investment trust)`after two initial public offerings with a combined market capitalization of P74.36 billion plus two more IPOs in the pipeline with a maximum combined market cap of P128.43 billion. Makati CBD skyline These four IPOs...
The Philippine Stock Exchange’s Board of Directors has approved the listing of the shares of RL Commercial REIT, Inc. (RCR) paving the way for the real estate investment trust’s initial public offering worth up to P26.7 billion. Upon its target listing, RCR is poised to be the largest REIT by...
The Securities and Exchange Commission (SEC) has approved the planned initial public offerings (IPO) of real estate investment trusts (REIT) sponsored by Robinsons Land Corporation (RLC) and Megaworld Corporation with a combined value of P54 billion. The Commission En Banc resolved to render...
The Department of Science and Technology (DOST) described as a “regulatory milestone” the Department of Agriculture-Bureau of Plant Industry’s (DA-BPI) biosafety approval of nutrient-enriched, and genetically modified Golden Rice. (Photo by PhilRice) DOST Secretary Fortunato “Boy” T. de...
The president of a pro-science consumer advocacy group is calling on business owners to only allow vaccinated individuals inside their establishments as a way to stave off the possible spread of the Delta variant of the coronavirus disease (COVID-19) in the country. AGHAM President Angelo Palmones...
The Duterte administration has completed its third foreign commercial borrowing this year. Screen Shot 2021-06-29 at 9.59.33 AM The national governm Screen Shot 2021-06-29 at 9.59.33 AM ent has raised $3 billion, equivalent to P146 billion, from a dual tranche offering of 10.5-year and 25-year...
The Duterte administration is set tap the overseas debt markets anew, marking its third commercial borrowing for the year, to support the national government’s wider budget deficit ceiling. On Monday, June 28, the Bureau of the Treasury announced the launching of a benchmark-sized US dollar bond...
The Department of Science and Technology - Philippine Nuclear Research Institute (DOST-PNRI) committed on Wednesday, June 16, to provide technical assistance to help private firm Via Verde carry out its plan to build a fully commercial irradiation facility in the country. DOST Secretary Fortunato...
Robinsons Land Corporation (RLC), the property development arm of the Gokongwei group, is planning a P26.67 billion initial public offering for its real estate investment trust (REIT) RL Commercial REIT Inc. RLC REIT has just filed with the Securities and Exchange Commission a registration...
Coronavirus vaccines should be given for free especially since commercial sale of such medication is not yet allowed in the country, Malacañang announced Tuesday, May 18. Coronavirus vaccines are ready to be administered to recipients at the Manila Prince Hotel on May 18, 2021. (Ali Vicoy/Manila...
