Tag: Top Line

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Top Line reclassifies 800M shore for funding flexibility

Corporate Context.ph Context.ph -
Top Line Business Development Corp. said its board of directors has approved the reclassification of 800 million unissued common shares into preferred shares, both with a par value of P0.10 per share.

Top Line acquires 38 fuel stations, depot, tanker fleet for P925M 

Corporate Context.ph Context.ph -
Top Line Business Development Corp. said on Tuesday it acquired 38 retail fuel stations, a 2-million-liter depot, and 15 fuel tanker trucks from Total Oil & Gas Resources Inc. and Ballston Metro Corp. 

Surge in fuel sales drive Top Line 1Q earnings

Corporate Context.ph Context.ph -
Top Line Business Development Corp., the Cebu-based oil distributor, reported a 38 percent year-on-year increase in net income, reaching P37.9 million in the first quarter, buoyed by robust fuel sales and strategic network expansion. 

Fuel sales drive Top Line earnings to record levels

Corporate Context.ph Context.ph -
Top Line Business Development Corp. said Friday net income last year surged 49 percent  to P115 million, underscoring the strong growth trajectory of the Cebu-based oil and fuel distributor.

Top Line starts IPO, aims to raise P624.6M for expansion

Corporate Context.ph Context.ph -
Top Line Business Development Corp. launched its week-long initial public offering (IPO) on Monday, aiming to sell 22 percent of the Cebu-based company to raise approximately P624.6 million.

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ADB: Philippines stays course despot inflation surge

Economy 0
Despite a sharp rise in April inflation and mounting external risks, the Philippines remains “on the right track,” according to Asian Development Bank chief economist Albert Park, who spoke to CNBC during the lender’s annual meeting in Uzbekistan on Tuesday. 

Alsons Power highlights need for timely outage reporting

Energy & Mining 0
Alsons Power Group emphasized the importance of promptly reporting power outages to maintain stable and reliable operations.

DigiPlus profit in Q1 falls as access rules bite

Corporate 0
DigiPlus Interactive Corp., operator of BingoPlus, ArenaPlus, and GameZone, posted a net income of P2.8 billion in the first quarter of 2026, down 33 percent year-on-year as regulatory changes and softer consumer spending weighed on platform activity.

DICT targets up to 80% cut in broadband costs by 2028

Communications & Technology 0
The Department of Information and Communications Technology (DICT) plans to cut broadband costs in the country by 40 to 80 percent by 2028 under its National Digital Connectivity Plan.

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