Cebu-based fuel distributor Top Line Business Development has kicked off its ₱733 million initial public offering (IPO) after securing its permit to sell from the Securities and Exchange Commission (SEC). This approval allows Top Line to offer 2.15 billion primary common shares, with an...
Top Line Chairman, President and CEO Eugene Erik C. Lapasaran Lim Cebu-based fuel distributor Top Line Business Development Corp. (Top Line) has set the final price for its initial public offering (IPO) at ₱0.31 per share, lower than the adjusted indicative price of ₱0.38 per share. Based...
SM MOA Square Solar Rooftop PV System SM Prime Holdings Inc., one of Southeast Asia’s largest integrated property developers, plans to add 20 rooftop solar photovoltaic (PV) projects this year after expanding its solar energy by 49 percent in 2024. In a disclosure to the Philippine Stock...
I often find myself chatting with friends who are totally puzzled by how I spend my money. I'm rocking ₱60 gym shirts, the ones I snagged off Lazada five years ago. I only buy shoes when my current pairs bite the dust, and I upgrade my phone like, once every seven years. My friends just don't...
Cebu-based fuel distributor Top Line Business Development Corporation (Top Line) is negotiating with a potential strategic investor that will come during the firm’s planned ₱900 million initial public offering (IPO). During a media briefing, Top Line Chairman, President, and CEO Eugene Erik C....
In 2014, my aunt got what seemed like a golden stock tip from a friend in finance: a rumor that a small Philippine Stock Exchange company would be bought out by a bigger firm, for way more than its current market price. The urgency? Real. "This thing's gonna skyrocket, for sure! Look at that chart!...
SM Prime Holdings Inc. (SM Prime), one of Southeast Asia’s largest property developers, is allotting ₱100 billion for capital expenditures this year, same as the amount earmarked in 2024, as it expects sustained growth in consumer demand and corporate activity. “We expect election-related...
SM Prime Holdings Inc., a leading integrated property developer in Southeast Asia, reported a record consolidated net income of ₱45.6 billion last year, a 14 percent increase from the ₱40 billion earned in 2023. In a disclosure to the Philippine Stock Exchange, the company said its double-digit...
In November 2022, OpenAI launched ChatGPT, forever altering the technological landscape. Within two months, it garnered 100 million monthly active users, becoming the fastest-growing consumer application in history at that point. This cemented OpenAI's position as a leading force in artificial...
SM Prime Holdings Inc., a leading integrated property developer in Southeast Asia, has signed an agreement with TeaM (Philippines) Energy Corporation (TPEC) for the installation of over 33,000 square meters of solar panels on the rooftops of four SM malls. In a disclosure to the Philippine Stock...
SM Prime Holdings Inc., the property development arm of Sy-led SM Investments Corporation, has set the interest rates for its ₱25 billion peso-denominated fixed rate bonds to be offered from Feb. 12 to Feb. 18, 2025. In a disclosure to the Philippine Stock Exchange (PSE), the firm said the...
The Sandiganbayan has acquitted former Agusan del Sur congressman Rodolfo G. Plaza and several others of multiple criminal charges involving the alleged irregular implementation of agricultural projects from 2004 to 2010 out of the former legislator's Priority Development Assistance Fund (PDAF). In...
