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...
Photo Caption [left to right]: MORS Group CEO Shanggari Balakrishnan, SM Prime President Jeffrey Lim, ACES Awards Honorary Chairman Hemant Batra and MORS Group Vice President Luis Bueno Nieto SM Prime Holdings (SM Prime) President Jeffrey C. Lim was named the sole recipient of the...
Cebu-based fuel retailer Top Line Business Development Corporation has decided to move the offer period for its P3.16 billion initial public offering (IPO) to the first quarter of 2025 from the initial kick off targeted on Nov. 27. In a statement, the firm said they decided to postpone the offering...
SM Prime Holdings, one of Southeast Asia's largest integrated property developers, is consolidating its residential business under the SM Residences brand, which will venture into both the luxury and low-cost housing markets. In a disclosure to the Philippine Stock Exchange (PSE), SM Prime...
Sy-led SM Prime Holdings Inc., a leading integrated property developer in Southeast Asia, reported a 12 percent increase in consolidated net income to P33.9 billion in the first three quarters of 2024 from P30.1 billion in the same period last year. In a disclosure to the Philippine Stock Exchange...
