Tag: Robinsons Land

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RLC profit climbs on strong portfolios

Robinsons Land Corp. (RLC), listed propety development arm of the Gokongwei Group, posted a P3.30 billion profit in the third quarter, buoyed by strong performances across both its investment and development portfolios. Third-quarter results pushed net income attributable to the parent of P10.17 billion for the first nine months of the year—up 2 percent year-on-year.

Robinsons Land board OKs sale of 1B RL REIT shares

Robinsons Land Corp. (RLC) announced that its board of directors has approved the sale of one billion common shares in RL Commercial REIT, Inc. (RCR) through a secondary block trade transaction valued at P7.75 billion.

Robinsons Offices expands footprint in Davao

Robinsons Land Corp., through its office development arm Robinsons Offices, is set to transform Davao City’s business landscape with a new world-class office tower along JP Laurel Street. 

RL Commercial REIT unaudited 2022 net profit of P4.4B, 16% over plan

RL Commercial REIT Inc. (RCR), the country's largest real estate investment trust sponsored by Robinsons Land Corp., said Tuesday it posted 2022 unaudited net income of P4.4 billion, excluding the fair value change in investment properties.

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Sweeping fuel excise tax suspension risks P43.6B in revenue loss

The government could forgo up to P43.6 billion in revenues if it suspends excise taxes on all fuel products for three months, a senior Finance official said, highlighting the fiscal trade-offs as authorities move to cushion consumers from elevated oil prices.

DA: Rice supply stable despite rising costs

The Department of Agriculture (DA) on Tuesday said rice supply in the Philippines remains stable even as global fuel and fertilizer prices rise.

Vacancies rise as office, condo markets cool—Colliers

Metro Manila’s property market is turning cautious, with office leasing decisions slowing and condominium developers dialing back new launches as vacancies climb, according to Colliers Philippines.

DA launches P20/kg rice program in Makati

The Department of Agriculture (DA) on Tuesday rolled out its P20 per kilo rice program in Makati City, serving about 750 beneficiaries during the launch attended by Mayor Nancy Binay and other local officials.

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