Manila Standard

Manila Standard is the official Facebook page for the news division of Manila Standard, a reliable news outlet in the Philippines.

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RLC to infuse more office, mall assets into REIT

3 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.
PH stocks to trade sideways amid easing trade concerns

3 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.
Burn the wheel, build the trust

3 days ago | manilastandard.net | |Jeremiah Sevilla

Conversations ‘around the water dispenser’ are a great source of insight. While they should be taken with a grain of salt—empirical support is rarely available—these casual exchanges can reveal prevalent perceptions or lingering issues. In a series of such chats that I have found myself in, I noticed a recurring theme or pattern emerge from the discussions. There was a pervasive sense of caution within this group in relation to the everyday functions in the workplace.
Gov’t agrees to pay P9.6b to Roxas & Co.

5 days 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.
BFAR, Coast Guard launch program for WPS fishers

5 days ago | manilastandard.net | Othel V. Campos

The Bureau of Fisheries and Aquatic Resources (BFAR) teamed up with the Philippine Coast Guard (PCG) for Kadiwa sa Kanlurang Karagatan (KKK) to support municipal fisherfolk in the West Philippine Sea, starting with a pilot deployment in Zambales province. BFAR spokesperson Nazario Briguera announced during a joint briefing with the Coast Guard that the program aimed to make it easier for Filipino fishers to sell their fresh catch without the logistical burdens of transporting it to fish ports.
Smuggled onions contain salmonella—DA - Manila Standard

5 days ago | manilastandard.net | Othel V. Campos

The Department of Agriculture (DA) on Friday led the inspection of two container vans carrying 34 metric tons of smuggled white onions from China valued at around P4.1 million. Laboratory tests conducted by the Bureau of Plant Industry’s Plant (BPI) Products Safety Services Division and the National Plant Quarantine Services Division showed the onions were contaminated with heavy metals and salmonella, the DA said in a statement.
PH bourse bounces back as US-UK trade row eases

5 days 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.
Cosco Capital booked 7.6% Q1 income growth to P3.68b

5 days 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.
SRA holds disaster risk reduction workshops

5 days ago | manilastandard.net | Othel V. Campos

The Sugar Regulatory Administration (SRA) recently launched a series of workshops to update its Disaster Risk Reduction and Management Plan (DRRMP) and align it with the national disaster framework. The two-day workshop, facilitated by the Office of the Civil Defense (OCD), marks SRA as the first government-owned and controlled corporation to begin work on a five-year disaster preparedness plan.
RCBC’s Q1 income grew 10% to P2.43b

5 days 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.