Tag: Robinsons Retail Holdings Inc.

Ayala Land Inc. said it will reduce its capital spending this year to P50 billion, down by more than a third from its earlier plan of P70 billion to P80 billion, as earnings declined.

Robinsons Retail Holdings Inc. (RRHI) reported a 35 percent drop in net income for the first quarter, falling to ₱489 million from ₱759.78 million a year earlier, mainly due to higher interest expenses linked to its reacquisition of shares from DFI Group.

A local fuel retailer said gasoline and diesel prices iare likely to increase again next week due to ongoing tensions between the United States and Iran.

The Department of Agriculture (DA) expects a stronger rice harvest this dry season, helped by the recent increase in palay (unmilled rice) prices.