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.
Top Line Business Development Corp. has thrown the brakes off its expansion, shifting into overdrive on a growth strategy that was originally set to unfold over three years.
Filinvest Land, Inc. said its mall business continued to strengthen in the first quarter, with leasing revenues climbing 17 percent year-on-year to P744 million as higher tenant occupancy and stronger consumer traffic boosted recurring income.
The Philippines is drawing renewed investment interest from Chinese companies involved in electric vehicles (EVs), renewable energy, manufacturing and telecommunications infrastructure, according to Trade Secretary Cristina Roque.
The government is seeking to expand the P2-billion financing pool for a program helping public transport operators transition to electric vehicles (EVs), as demand grows among transport groups and delivery riders looking for cleaner and more cost-efficient mobility options.