Tag: Editors' Picks
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Robinsons Land, RL Commercial REiT in P33.92 billion property-for-share swap
Robinsons Land Corp. said Thursday its board approved the infusion of 11 shopping malls and two office buildings to its real estate investment trust, RL Commercial REIT Inc., that will nearly double the gross leasable area of listed RCR to 827,808 square meters.
GoTyme launches multi-currency time deposit
GoTyme Bank, the digital banking unit of the Gokongwei group, has launched a dollar-based time deposit product that it said is most accessible in the market.
SM Prime schedules selling up to P25 billion peso-denominated fixed-rate bonds
SM Prime Holdings, Inc. said it will start on Friday a week-long offer of peso-denominated fixed rate bonds, with multiple maturities, to raise as much as P25 billion for one of the property development units of the Sy Group.
NEDA Board slashes rice import duty to 15% from 35% to tame inflation
The NEDA Board, chaired by President Ferdinand Marcos Jr., has approved the reduction of tariff on rice to 15 percent from 35 percent to substantially lower the cost of the staple and ease its impact on inflation, whose elevated level has kept the central bank from cutting interest rates to help spur greater economic activity.
Electronic games drive Philippine gaming industry revenue higher in 1Q—Pagcor data
The Philippine Amusements and Gaming Corp., the government-owned corporation in charge of licensing games of chance, appears to have made a good bet in allowing the expansion of electronic games, which mainly includes eCasinos and sports betting.
