The Sy family’s SM Prime Holdings Inc., a leading integrated property developer in Southeast Asia, is increasing its capital expenditures to P100 billion to P110 billion next year as it continues to expand its core businesses. “Actually, our forecast (capex) for this year is P100 billion but I...
Sy-led SM Prime Holdings Inc., a leading integrated property developer in Southeast Asia, is expecting to register record profits this year even as it takes its time to decide when to launch its $1 billion real estate investment trust (REIT) initial public offering. In an interview, SM Prime...
Cebu-based fuel retailer Top Line Business Development Corp. (Topline) is launching its P3.16 billion initial public offering before the year ends to be the last maiden offering at the Philippine Stock Exchange for 2024. The PSE said it has approved the firm’s IPO tentatively slated for Nov. 27...
Sy-led SM Prime Holdings Inc., a leading integrated property developer in Southeast Asia, is expanding its footprint in the Visayas further with the opening of SM City J Mall in Mandaue City, Cebu on Oct. 25, 2024. In a disclosure to the Philippine Stock Exchange, the firm said this strategic...
The Sandiganbayan has acquitted two former National Livelihood Development Corporation (NLDC) officials and businesswoman Janet Lim Napoles of their graft and malversation charges involving P5 million in Priority Development Assistance Fund (PDAF). Acquitted, aside from Napoles, were former NLDC...
(MANILA BULLETIN) Being compared to the infamous Janet Lim Napoles is never a compliment, and Ako-Bicol Party-list Rep. Zaldy Co did just that to Vice President Sara Duterte. In a scathing manifestation before the House Committee...
SM Prime leads the way in sustainable development, integrating sustainability into its core business strategy. Sustainability has become a driving force across every industry. For SM Prime Holdings, Inc. (SM Prime), one of Asia’s leading integrated property developers, sustainability is elevated...
The Sandiganbayan has reversed it earlier decision that convicted Sen. Jose "Jinggoy" Estrada of one count of direct bribery and two counts of indirect bribery in connection with the P183.7 million allegedly pocketed by the senator out of his Priority Development Assistance Fund (PDAF) from 2004 to...
Top Line Business Development Corporation (Top Line) is planning to build fuel depots in Mactan and Bohol with a combined storage capacity of 30 million liters to support the continued expansion of its fuel retailing business in the Visayas. Based on the firm’s draft prospectus filed with the...
The Sy siblings’ SM Prime Holdings Inc., one of the leading integrated property developers in Southeast Asia, reported that its consolidated net income improved 13 percent to P22.1 billion in the first half of 2024 from the P19.4 billion in the same period last year. In a disclosure to the...
(Photo Dr. Henry Lim Bon Liong FB page) Dr. Henry Lim Bon Liong, the respected chairman of Sterling Paper Group of Companies, passed away on Friday, August 2, 2024, at the age of 72. As the former President of the Federation of Filipino-Chinese Chambers of Commerce and Industry, Inc. (FFCCCII), Dr....
The Federation of Filipino Chinese Chambers of Commerce and Industry, Inc. (FFCCCII) mourns the loss of the eminent businessman and philanthropist Henry Lim Bon Liong. Cecilio K. Pedro, President of FFCCCII, solemnly acknowledges the passing of Lim, the organization's honorary president. ...
