RL Commercial REIT Inc. (RCR), the Philippines’ largest real estate investment trust, has finalized the infusion of the P5.9 billion Robinsons Cyberscape Gamma by its sponsor Robinsons Land Corporation (RLC). To be implemented via a property-for-share swap transaction, RLC will get 777.81 million...
RL Commercial REIT, Inc. (RCR), the Philippines’ largest real estate investment trust (REIT) in market capitalization, is acquiring two prime assets from its sponsor Robinsons Land Corp. for P7 billion. In a disclosure to the Philippine Stock Exchange on Thursday, March 10, the firm said the...
70602 A year after its commercial launch, the country's third player, DITO Telecommunity Corp. has six million plus subscribers, serving over 500 cities and municipalities and, in just a few more months, will cover 70 percent of the population – "finally going head-to-head against our two...
RL Commercial REIT, Inc. (RCR), the Philippines’ largest Real Estate Investment Trust (REIT), reported a net income of P1.68 billion for 2021—ahead of target—on the back of stable revenue stream and operational efficiency. In a disclosure to the Philippine Stock Exchange, RCR said it closed...
Yuchengco-led Rizal Commercial Banking Corporation has successfully listed its P14.76 billion Series E ASEAN Sustainability Bonds due 2024 on the Philippine Dealing and Exchange Corporation. Carrying a coupon of 3.00 percent per annum, the bonds saw strong demand from investors which resulted in an...
Yuchengco-led Rizal Commercial Banking Corporation’s (RCBC) unique innovations and synergized collaborations have successfully pushed financial inclusion as it notes a five-digit growth in both transaction volume and value, through its digital platforms as of end-2021. DiskarTech, touted as the...
The Las Pinas City Council, headed by Vice-Mayor April Aguilar, has extended the deadline for the payment of business permits, licenses, taxes and other commercial and industrial fees and charges until March 31 without interests, penalties, and surcharges. Mayor Imelda Aguilar immediately signed...
RL Commercial REIT, Inc. (RCR), the country’s largest Real Estate Investment Trust (REIT), declared a cash dividend amounting to P915.3 million—its second cash dividend. In a disclosure to the Philippine Stock Exchange, RCR said its Board of Directors approved the declaration of cash dividends...
Suzuki and Hino executives with the Suzuki Carry Utility Van. Moving businesses from small to large With the rise of small-to-medium enterprises (SMEs) and organizations looking for a reliable partner to meet their commercial business needs, Suzuki Philippines Inc. (SPH) recently announced its...
Rizal Commercial Banking Corporation (RCBC), one of the largest banks in the Philippines, has started its public offer for P3-billion worth of Fixed Rate ASEAN Sustainability Bonds. In a disclosure to the Philippine Stock Exchange, the bank said the bonds will form part of its P100-billion bond and...
Vaccines against the coronavirus disease (COVID-19) are projected to be commercially available in pharmacies and private sector clinics nationwide by 2023, vaccine czar Carlito Galvez Jr. bared Friday, Jan. 21. Economic frontliner Mario Jazul receives his booster shot from nurse Karen Valdez during...
From Brazil to the Philippines MAN Automotive Concessionaires Corp. (MACC), distributor of MAN trucks, expands its offerings with the introduction of Volkswagen (VW) Truck and Bus. Though new to the Philippines, VW Truck and Bus boasts of 40 years of experience providing German-backed technology...
