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5 days ago | 
manilastandard.net | Jenniffer B. Austria
RL Commercial REIT Inc. (RCR) is poised to expand its portfolio by acquiring more office buildings and malls from its parent company, Robinsons Land Corp. (RLC), as part of a long-term growth plan. “Our fund management company actually evaluates all the assets for the sponsor and looks at which is more beneficial for RCR shareholders,” said RCR Treasurer Kerwin Max Tan.
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5 days ago | 
manilastandard.net | Jenniffer B. Austria
The local stock market will likely trade sideways this shortened trading week with upward bias on easing concerns about the trade war. Analysts said investors will closely watch the trade negotiations between United States and China, which resumed trade talks over the weekend as well as upcoming senatorial elections.
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1 week ago | 
manilastandard.net | Jenniffer B. Austria
The share price of Roxas and Company Inc. surged 17.44 percent Friday, as the company is set to receive nearly P9.6 billion worth of cash and bond as just compensation for 1,307 hectares of land in Nasugbu, Batangas. The payment follows a decision by the Department of Agrarian Reform Adjudication Board (DARAB) dated March 25, 2025. The land was originally expropriated under the Comprehensive Agrarian Reform Law.
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1 week ago | 
manilastandard.net | Jenniffer B. Austria
The Philippine stock market bounced back Friday on easing concerns about the trade war after US President Donald Trump announced a trade deal framework with the United Kingdom. The 30-company Philippine Stock Exchange index ended the week at 6,458.20, up by 68.71 points, or 1.08 percent, while the all-shares index advanced 22.50 points, or 0.60 percent, to close at 3,762.85.
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1 week ago | 
manilastandard.net | Jenniffer B. Austria
COSCO Capital Inc., the listed retail holding firm of businessman Lucio Co, reported a 7.6-percent consolidated net income growth to P3.68 billion in the first quarter of 2025 from P3.42 billion a year ago, lifted by the recovery in consumer spending. Consolidated revenues rose 11.5 percent to P56.7 billion from P50.9 billion in the same period of 2024 due to strong operating performance from major business segments, the company said in a disclosure to the stock exchange Friday.
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1 week ago | 
manilastandard.net | Jenniffer B. Austria
Rizal Commercial Banking Corp. (RCBC), the financial arm of the Yuchengco Group, said its first-quarter net income grew 10 percent year-on-year to P2.43 billion from a year ago, boosted by strong core business performance and consumer loan growth. Gross revenues climbed 20 percent to P14.7 billion, led by net interest income which jumped 29 percent to P12.3 billion and improved customer loan portfolio which expanded 12 percent.
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1 week ago | 
manilastandard.net | Jenniffer B. Austria
Share prices plunged below 6,400 level on Thursday after the Philippine economy grew at a slow pace in the first quarter of the year. The bellwether Philippine Stock Exchange index dropped 75.96 points or 1.17 percent to close at 6,389.49. The wider all shares declined by 28.03 points or 0.74 percent to 3,740.35. The Philippine economy grew 5.4 percent year-on-year in the first quarter of 2025, the Philippine Statistics Authority (PSA) said Thursday.
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1 week ago | 
manilastandard.net | Jenniffer B. Austria
Infrastructure conglomerate Metro Pacific Investments Corp. (MPIC) saw its first quarter reported net income surge by 48 percent to P9.1 billion from P6.15 billion on the back of robust performance of power and water businesses. First quarter performance was also boosted by a gain from the sale of MPIC’s oil storage company, Philippine Coastal Storage and Pipeline Corp.
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1 week ago | 
manilastandard.net | Jenniffer B. Austria
Food manufacturing giant Universal Robina Corp. (URC) reported a two percent drop in net income attributable to equity holders of the parent for the first quarter of 2025, falling to P4.05 billion as costs grew faster than revenues. URC, in a disclosure to the stock exchange, attributed the decline to higher costs of raw materials, especially coffee, and lower foreign exchange gains.
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1 week ago | 
manilastandard.net | Jenniffer B. Austria
MREIT Inc., the real estate investment trust of Megaworld Corp., posted a strong first-quarter in 2025, with net distributable income rising 26 percent to P932 million from P742 million in the same period last year. The company said property acquisitions and higher rental rates supported its income growth. Revenues rose 25 percent year-on-year to P1.34 billion from P1.08 billion in the first quarter of 2024, MREIT said in a disclosure to the stock exchange Thursday.
