RLC sees bigger REIT asset recycling opportunities
Robinsons Land Corp. (RLC) is eyeing a bigger asset-recycling program through RL Commercial REIT Inc. (RCR), with more malls and offices available for potential infusion as the property developer shifts toward recurring income.
Philippine reserves ease to USD103.3B in July
The Philippines’ gross international reserves (GIR) fell to USD103.3 billion at the end of July from USD104.7 billion a month earlier, while the country posted a USD1.5-billion balance of payments (BOP) deficit, reflecting continued pressure from external transactions.
Cirtek swings to loss as Quintel sale weighs
Listed semiconductor company Cirtek Holdings Philippines Corp. swung to a USD2.8 million net loss in the first half of 2026, from a USD1.1 million profit a year earlier, as a one-time write-off tied to the disposal of its Quintel business compounded higher costs and operating expenses.
Crescendo set to benefit from SCTEX Luisita expansion
Ayala Land’s Crescendo estate is poised to benefit from the expansion of the SCTEX Luisita Interchange, as improved connectivity strengthens Tarlac’s position as an emerging growth center in Central Luzon.
JJ Ibarreta named communications director at DM&A Co.
Dugenia, Marayan & Associates Co. (DM&A Co.) has appointed John “JJ” Ibarreta as Communications Director, strengthening its leadership team as a digital-first integrated communications agency.
