Corporate
“We Are Not in Batanes”
“We are not in Batanes,” said KONE Philippines managing director Peterri Kyrklund, contrasting the serene, undeveloped landscapes of the northern Philippine province with the rapidly urbanizing cities across the region. The quip came as KONE emphasized the pressing need to modernize aging vertical transport infrastructure in Asia-Pacific.
Fuel ventures drive Top Line Business profit surge
Listed fuel distributor Top Line Business Development Corp. (TOP) reported robust first-half results, with gross revenues climbing 26 percent to P1.97 billion from P1.56 billion a year ago. Net income rose 26 percent to P76.26 million, driven by strong performance in both commercial and retail fuel segments.
SM Prime names former SC Justice Perlas-Bernabe to board
SM Prime Holdings Inc., the listed property arm of the SM Group, has appointed former Supreme Court Senior Associate Justice Estela M. Perlas-Bernabe as an independent board director, strengthening its commitment to corporate governance and prudent risk oversight.
DM Wenceslao net income rises in 1H on strong leasing
D.M. Wenceslao and Associates Inc. (DMW) reported a first-half 2025 net income of P936 million, reflecting steady growth across its rental-driven portfolio.
DoubleDragon income soars, Hotel101 lists on Nasdaq
DoubleDragon Corp., a listed property developer, posted a P2.37 billion consolidated net income for the first half of the year, a 44 percent increase year-on-year, backed by robust property revenues and strategic expansion.
