PSE Market Summary:
The Philippine Stocks Market was up by 73.46 or 1.23% to open the week. Total trades reached 30,491 with 107 stocks advances, 71 declines and 39 unchanged.
RLC Sets P20B Capex in 2 Years
Robinsons Land Corporation (PSE:RLC) has set its capital expenditure program of P20 billion over two years to expand its mall portfolio and build residential projects. RLC plans to open four new malls this year and another three in 2014.
ACR Expects 24% Income Increase
Alsons Consolidated Resources (PSE:ACR) is expected to hit P567.2 million in net income for 2012, 24% higher than the P455.9 million posted in 2011. The increase is attributed to other income earned on pipeline projects.