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...
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...
