SM Prime Holdings Inc. is paving the way for a fresh funding channel after its board of directors approved the reclassification of 100 million unissued common shares into 100 million preferred shares, a move designed to broaden its capital-raising flexibility and attract a wider investor base.
SM Prime Holdings is accelerating its push into the regions, announcing plans to open four new malls outside Metro Manila in 2026 in a move that underscores confidence in provincial consumer growth.
SM Prime Holdings is making a bold play to turn the Visayas into the country’s next marquee events corridor, banking on the SM Seaside Cebu Arena to draw global acts, foreign fans and fresh investment outside Metro Manila.
Filipino motorists face yet another round of pump price increases this coming Tuesday, underscoring the ongoing volatility of domestic fuel costs driven by compounding international crises. According to Jetti Petroleum president Leo Bellas, gasoline prices are projected to rise between P1 and P1.50 per liter, while diesel prices could jump by P1.75 to P2.25 per liter. This upcoming price hike follows the previous week’s substantial surge of P2.49 per liter for gasoline, P3.84 for diesel, and P5.01 for kerosene, highlighting how rapidly fuel rates are creeping higher almost every single week.
Damage to the agriculture sector from the southwest monsoon (habagat) enhanced by Tropical Cyclones Luis, Maymay, and Neneng has risen to ₱1.79 billion, the Department of Agriculture (DA) reported in its 10 a.m. advisory on August 22.
The Department of Agriculture (DA) has launched a stricter, nationwide campaign against counterfeit, unregistered, adulterated, and illegally produced farm inputs, moving to shield farmers from financial and livelihood losses while ensuring fair competition for legitimate industry players.