Robinsons Land Corporation (RLC), the property development arm of the Gokongwei Group, has reduced its stake in RL Commercial REIT Inc. (RCR) to 50.05 percent after selling a 16 percent interest for P8.49 billion. The firm disclosed to the Philippine Stock Exchange (PSE) that it has completed the...
The Yuchengco Group’s Rizal Commercial Commercial Banking Corporation has declared cash dividends amounting to P2.45 billionn to shareholders as of the record date of April 12, 2024. In a disclosure to the Philippine Stock Exchange, the bank said the cash dividend is equivalent to P1.014 per...
The Lopez Group’s Rockwell Land Corporation has recently obtained P10 billion in financing from the Philippine National Bank (PNB) and Rizal Commercial Banking Corporation (RCBC). In a disclosure to the Philippine Stock Exchange, the firm said it has secured a P5-billion term loan facility of up...
The Yuchengco Group’s Rizal Commercial Banking Corporation (RCBC) has amended its Sustainable Finance Framework to align with current global standards. In a disclosure to the Philippine Stock Exchange (PSE), the bank its amended framework follows the Securities and Exchange Commission (SEC)...
Rizal Commercial Banking Corporation (RCBC) of the Yuchengco group reported that its consolidated net income inched up by one percent to an all-time high of P12.22 billion last year. In a disclosure to the Philippine Stock Exchange (PSE), the bank said it hit a record high profit as customer...
Green solution is in for Pampanga-based firm Laus Group of Companies (LGC) as it is now embracing the ‘power of the sun’, in sustaining its ‘prosumer’ journey to satiate the electricity requirements of its corporate buildings, while also locking in cost savings. Through a partnership with...
ILOILO CITY – Mayor Jerry P. Treñas here is confident that the modernization of the Iloilo Commercial Port Complex in this city will pave the way for larger exportation of products from Western Visayas. THE Iloilo Commercial Port Complex (ICPC) in Iloilo City. (PPA) “Hopefully, we can...
Filipino firm Upgrade Energy Philippines (UGEP) is casting an ambitious target of 700 megawatts for rooftop and ground-mounted solar installations across commercial and industrial (C&I) customers that it is targeting to accomplish by 2028. So far, the first major project delivered by the...
Yuchengco-led Rizal Commercial Banking Corporation marked a successful return to the U.S. dollar debt markets, raising $400 million after the pricing of its 5-year Senior Unsecured Fixed Rate Sustainability Bonds. In a disclosure to the Philippine Stock Exchange, the bank said the sustainability...
Yuchengco-led Rizal Commercial Banking Corporation (RCBC) is planning to offer a benchmark-sized USD Senior Unsecured Sustainability Notes via a drawdown under its $3-billion Medium Term Note Program. In a disclosure to the Philippine Stock Exchange, the bank said it has prepared a note offering...
JG Summit Holdings President and CEO Lance Gokongwei is taking over the helm of real estate unit Robinsons Land Corporation (RLC) after Frederick D. Go resigned from the post to join the Marcos administration. In separate disclosures to the Philippine Stock Exchange (PSE), RLC and RL Commercial...
Rizal Commercial Banking Corporation (RCBC), a core business of the Yuchengco Group, reported a 10 percent decline in net income to P9 billion in the first nine months of 2023 from the P10.1 billion earned in the same period last year. In a statement, the bank said net income came on the back of a...
