The Gokongwei family’s Robinsons Land Corp. is showering investors with historic high cash dividends as investors anticipate a better 2024 with robust earnings at the start of the year.
The Gokongwei family’s Robinsons Land Corp. sold shares in real estate investment trust subsidiary RL Commercial REIT (RCR) in preparation for a P25-billion asset injection that will further expand RCR’s portfolio beyond offices.
Tycoon Manuel Villar Jr. remains the richest Filipino with a net worth of $11 billion (P620 billion), according to the latest wealth list of Forbes Magazine.
The Ayala Group’s Bank of the Philippine Islands (BPI) is selling back its 15 percent stake in GoTyme Bank, one of the country’s few digital banks, to a venture led by the Gokongwei Group.