Sy-led SM Prime Holdings, Inc., one of Southeast Asia’s largest integrated property developers, is allocating up to ₱33 billion for capital expenditures this year to expand its recurring income portfolio. In a disclosure to the Philippine Stock Exchange, the company said this investment in its...
MANDAUE CITY, Cebu – Karateka Jamie Lim admitted she is uncertain at the moment if she would be able to compete for the national team in this year’s Southeast Asian Games in Thailand due to her schedule. Karateka Jamie Lim The 27-year-old standout said she currently juggles her national...
Top Line Business Development Corporation, a Cebu-based fuel retailer planning an initial public offering, reported a record high net income of P90.5 million in the first nine months of 2024, a 157 percent surge from P35.2 million for the same period in 2023. In a statement, the firm said its...
I once heard this fascinating fictional tale about the power of compounding. A long time ago in India, a wise man presented a new game to a king. The game was played by taking turns moving various pieces on an eight-by-eight board. It was a masterpiece of strategy and mathematics, and the king...
Cebu-based fuel retailer Top Line Business Development Corporation is again eyeing an initial public offering (IPO) but has significantly reduced the offer size to P900 million from P3.16 billion. In a statement, the firm said it optimized its total issued and outstanding common shares for its IPO...
During the Covid-19 lockdowns in the latter half of 2020, thousands of Filipinos found themselves making more money than their day jobs by playing a video game. The game was Axie Infinity (Axie), an online play-to-earn game that offered a glimmer of hope during tough economic times. In Axie,...
In 2008, Warren Buffett bet $1 million that a hedge fund would be unable to beat a basic investment over a decade. Fund manager Ted Seides accepted his challenge and built a portfolio of five hedge funds. The bet initially favored Ted. When the market crashed in 2008, Warren Buffett's portfolio...
The Sy family’s SM Prime Holdings Inc., a leading integrated property developer in Southeast Asia, plans to raise up to P25 billion from the issuance of triple-A-rated bonds. In a disclosure to the Philippine Stock Exchange (PSE), the firm said Philippine Rating Services Corporation (PhilRatings)...
Every once in a while, a friend asks me about investing in foreign stocks. Which stockbroker do you use? How do you send money? Is it hard to open a dollar account? A couple of weeks ago, my friend Gilbert (not his real name) asked me these very questions. “Recommended stockbroker?” Many people...
SM Supermalls, a unit of SM Prime Holdings Inc., continues to expand its portfolio in China—particularly in Fujian Province—with the opening of two new malls in Xiamen and one in Fuzhou. In an interview, SM Supermalls President Steven Tan said that next year, they will complete the fourth...
SM Supermalls, the retail leasing arm of SM Prime Holdings Inc., is set to open three new malls in the Philippines and redevelop at least 10 existing ones in 2025 as part of its ongoing expansion and upgrade strategy. In an interview, SM Supermalls President Steven Tan stated that the new malls...
GENERAL SANTOS CITY – A gubernatorial candidate in Sarangani in next year’s elections was shot and wounded here on Saturday, Nov. 23. LAWYER-BUSINESSMAN Gladden Lim shows his Certificate of Candidacy in next year's elections. (FB) Police Col. Nicomedes Olaivar, city police...
