Robinsons Land Obtains PSE Board Approval for PhP20B SRO

Robinsons Land Corp. (PSE: RLC) has obtained the approval of the board of directors of the Philippine Stock Exchange Inc. (PSE: PSE) to raise up to PhP20 billion through a stocks right offer (SRO). The said approval was secured on January 10, 2018, while the Securities and Exchange Commission’s (SEC) confirmation of exempt transaction covering […]
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RLC Set to Open Latest Office Building in South Luzon

Pasig—(PHStocks)—Robinsons Land Corp. (PSE: RLC), the property development arm of the Gokongwei group, is putting up an office building for the business process outsourcing industry as part of a mixed-use complex in Naga City, Camarines Sur in the Bicol Region. Naga is an ideal location for BPO locators. There is strong government and private sector […]
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JG Summit’s P30 Billion Bonds Keep Highest Rating

Pasig—(PHStocks)—The outstanding P30 Billion bond issue of JG Summit Holdings, Inc. (PSE: JGS), the holding company of the JG Summit Group, kept its PRS Aaa rating from Philippine Rating Services Corporation (PhilRatings). The rating also has a Stable outlook. JGSHI is a holding company for a group of companies with substantial business interests in branded […]
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PHStocks Exclusive: Top 50 Best Performing Stocks in May 2016

Manila—(PHStocks)—Last month saw the Philippines’ presidential elections, and the looming change of administration in the country saw investor mood getting more positive, as seen in the mostly positive levels of the mainboard PSE index. We have yet to see really the impact of this new government in the country’s economy. Let’s just hope it’s for […]
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JG Summit 2015 Core Net Income Up 38%

Pasig—(PHStocks)—JG Summit Holdings Inc. (PSE: JGS) posted a 38.1% increase in consolidated core net income, earning a total of PhP28.05 billion in 2015 compared to PhP20.3 billion in 2014. The increase in core net income is due to the double-digit income growth in the company’s core operating businesses particularly in Cebu Air Inc. (Cebu Pacific, PSE: […]
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Robinsons Land Declares Cash Dividends

Quezon City—(PHStocks)—The board of directors of Robinsons Land Corp. (PSE: RLC) approved on 9 March 2016 the declaration of a cash dividend in the amount of PhP0.36 per share from the unrestricted earnings of the corporation as of 30 September 2015, to all stockholders of record as of 29 March 2016 and payable on 22 […]
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Robinsons Land Acquires Land Use Right in Chengdu, China

Pasig—(PHStocks)—Robinsons Land Corp. (PSE: RLC), through an offshore subsidiary and in the ordinary course of its business, has acquired the land use right to an 8.5-hectare property located in Chengdu, China. The property is intended to be used for the development of residential projects with a minor commercial component. This acquisition is in line with […]
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JG Summit 1Q15 Net Income Up 11.2%

Pasig–(PHStocks)–JG Summit Holdings Inc. (PSE: JGS) posted a consolidated net income from equity holders of the parent of PhP6 billion for the first quarter of 2015, an 11.2% increase from PhP5.4 billion for the same period last year. The increase is due mainly to the income growth from core subsidiaries particularly Cebu Air (PSE: CEB), which benefited significantly […]
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