Gokongwei-led Robinsons Land Corp. (RLC) has disclosed that it set aside Php15 to Php17 billion for capital spending in 2015, mainly to build new shopping malls and expand some of its existing hubs.
According to RLC President Frederick Go the gross leasable area of the company would expand by 11% next year with the opening of three new malls—in Las Pinas, San Jose and Cebu—and the expansion of its Novaliches mall.
Local fixed income securities traded sideways today as investors sat on the fence pending the outcome of tomorrow’s BSP monetary board meeting.
Investors fled the short-end and belly of the curve, which gained 8 and 4.2 basis points respectively, in favor of the long-end, which lost -0.7 basis points. Yields gained 4.22 basis points, on average, across the length of the curve.