Securities and Exchange Commission has cleared the way for Top Line Business Development Corp., a listed petroleum products distribution and retail company, to tap the capital markets, favorably considering its amended registration statement for a multi-tranche preferred share issuance.
Singapore is no longer just a distant dot on Top Line Business Development Corp.’s growth chart. It has become a very literal marker of how far the company has travelled in 12 years, from a Visayas-based real estate developer to an emerging energy player now thinking in global supply routes.
Top Line Business Development Corp. is stepping up its expansion drive while tapping capital markets, filing with the Securities and Exchange Commission for a follow-on offering of up to P1.5 billion in perpetual preferred shares.
Listed fuel distributor and retailer Top Line Business Development Corp. (TOP) delivered record financial results in 2025, underscoring the gains from its vertically integrated model and aggressive retail push.
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.
The Bangko Sentral ng Pilipinas (BSP) reported that the country’s gross international reserves (GIR) stood at $97.4 billion as of end-October 2026. This dip in foreign currency reserves was primarily driven by the central bank’s active foreign exchange interventions, downward adjustments in the value of gold assets amid shifting global prices, and the national government withdrawing funds from its central bank deposits to cover foreign debt service obligations alongside other international funding needs.
Motorcycle sales among the country’s four major manufacturers rebounded in the third quarter of 2026, rising 8.1 percent year-on-year to 524,860 units as stronger monthly volumes in August and September reversed the previous quarter’s contraction.
The Philippines will bring some of the world’s biggest business names, regional policymakers and Hollywood actress Angelina Jolie to Manila on November 11 for a summit focused on how Southeast Asia can protect economic resilience, accelerate digital transformation and ensure growth reaches smaller businesses and underserved communities.
The enduring friendship and diplomatic ties between Japan and the Philippines took center stage during the 82nd commemoration of the historic Battle of Surigao Strait, jointly organized by the City of Surigao and the Province of Dinagat Islands.