Cebu-based fuel distributor and retailer Top Line Business Development Corp. plans to tap capital markets this year to fund aggressive expansion of its supply chain and retail footprint following record financial growth. Eugene Erik C. Lim, Top Line president and chief executive officer, said the...
SM Investments Corp. (SMIC) is considering reducing its stake in Atlas Consolidated Mining Corporation or taking it out of its investment portfolio since it does not have any synergy with any of the group’s businesses. In a briefing on Monday, March 2, Frederic C. DyBuncio, SMIC president and...
SM Investments Corp. (SMIC), the holding company of the Philippines’ wealthiest family, is ramping up capital spending across its core businesses as it bets on provincial consumption boom to drive growth through 2026. In a briefing on Monday, March 2, SM Investor Relations and Sustainability Head...
SM Investments Corp. (SMIC), the flagship of the Sy family’s SM Group, will continue expanding its various businesses amid optimism over the Philippines’ consumer-driven economy. “Looking ahead, we remain optimistic about the Philippine growth outlook, supported by easing inflation, steady...
People say jewelry is an investment piece, and they are right. With the amount of work exerted to create such items and the rarity of their materials, jewelry is not just a mere decorative object, but a piece that can retain or even increase in value over time. But beyond the price tag, buying...
SM Prime Holdings Inc., the property development arm of the Sy family, is set to open a multipurpose indoor arena in Cebu this June that will surpass the capacity of its flagship venue in Manila as it seeks to capture regional tourism demand. In a briefing on Tuesday, Feb. 24, SM Prime President...
SM Offices, the office leasing arm of SM Prime Holdings Inc. (SM Prime), is continuing to expand its presence in Metro Manila and key cities nationwide, starting with the investment of more than ₱1 billion to complete over 60,000 square meters (sqm) of leasable space in Cebu City by the fourth...
Megawide Construction Corp. is aiming to build as much as 100,000 socialized housing units valued at ₱180 billion under the government’s flagship housing program, as the company scales up its industrial pre-cast capabilities to address a chronic national shortage. Megawide Chairman and Chief...
Despite prevailing challenges in the real estate industry, SM Prime Holdings Inc. (SM Prime) expects to surpass the record profits it earned last year and is supporting its continued growth in 2026 with a capital expenditure (capex) budget of ₱100 billion. “For 2026, the estimate is to spend...
SM Prime Holdings Inc., the integrated property developer led by the billionaire Sy family, posted a seven percent increase in full-year consolidated net income as recovery in commercial property and rigorous cost-cutting measures shielded the bottom line from a slowdown in residential sales. The...
Competition in the Philippine brandy market is intensifying as Tanduay Distillers Inc. enters a distribution agreement with Spanish spirits producer Miguel Torres SA, aiming to chip away at the dominance of local giants and established imports. Tanduay President and Chief Executive Officer Lucio...
One of the country’s leading green developers, Arthaland—the only Philippine real estate firm with a fully certified sustainable residential and commercial portfolio—is developing a new sustainable residential project in Makati City, Sondris. The project is being developed in partnership with...
