SM Prime Holdings Inc. might list the overseas subsidiary handling the firm’s China-based shopping centers within the next five years, said Jose Sio, chief finance officer of parent company SM Investments Corp. 

In an interview with reporters on Thursday, Sio also said the group’s property unit SM Development Corp. (SMDC) plans to offer real estate products to overseas buyers.

IN spite of its smallness, it looks like foreign manufacturers cannot ignore the Philippine market in their push to make their presence felt in the Southeast Asian region. After automaker GM relaunched its Chevrolet brand last week, Toshiba yesterday announced it is reentering the country’s home appliances market.

Harry Fujimaki Yoshihiro, country manager for Toshiba home appliances in the Philippines, said although the Japanese electronics giant has already been in the country in previous times, “the results were not good.” He added that this might be due to a wrong market approach and strategy. “This time, he said, we are fully committed to the Philippine market…to the people and the future.”

INVESTORS swamped Megaworld Corp.’s latest bond offering, the listed builder said in a statement on Thursday. In a filing to the stock exchange, Megaworld disclosed that the P5-billion bond issuance, upsized from the original P3 billion, was 2.4 times oversubscribed.

The fixed-rate bonds, which carry a rate of 8.46 percent per year and a term of five years and six months, will be sold in minimum denominations of 50,000. Proceeds from the offering will be used to finance the development of the proposed central district development in Fort Bonifacio.