RLC Gears Up for More REIT Asset Infusions, Eyes Market Conditions
Economy

RLC Gears Up for More REIT Asset Infusions, Eyes Market Conditions

Robinsons Land Corp. (RLC) is preparing for further asset infusions into its Real Estate Investment Trust (REIT) unit, RL Commercial REIT Inc. (RCR), following a P10.62 billion deal. The company is eyeing mall assets for future injections, while closely monitoring global market uncertainties.

This article requires PRO

This article is outside the free access window or is a special report. PRO unlocks it and the full archive.

  • Uswag Ilonggo Rep. Jojo Ang pleads not guilty in graft case

    Philippine lawmaker James “Jojo” Ang Jr. pleaded not guilty to charges of graft. The Uswag Ilonggo representative personally entered his plea during arraignment and pretrial proceedings.

  • PEZA Nears P300 Billion Investment Goal Amid Surge

    The Philippine Economic Zone Authority (PEZA) is nearing its P300 billion investment target for the year, with investment approvals surging 92% to P297.14 billion from January to September. This encompasses 222 projects expected to generate $8.95 billion in exports and create 33,331 direct jobs.

  • Philippine Stocks Tumble on Soaring Inflation

    The Philippine stock market plunged after the country's September inflation rate hit a three-year high of 7.2 percent. Concerns over potential additional interest rate hikes by the central bank weighed on investor sentiment.

  • PLDT Defers VITRO Data Center Listing Amid Economic Headwinds

    Philippine telco giant PLDT Inc. has postponed the planned initial public offering (IPO) of its data center arm, VITRO Inc., to 2027, citing rising interest rates and worsening economic conditions as key factors for the deferral.