Top Line to form Singapore-based trading unit
Cebu-based Top Line Business Development Corp. is planning to create a Singapore-based subsidiary to serve as its trading arm for fuel importation.
In a statement on Wednesday, Top Line said its board of directors had given the green light to establish such a unit focused on engaging with global fuel suppliers. This, as it targets to jack up its importation plans.
Top Line’s logistics subsidiary recently received a certificate of registration from the Bureau of Customs, allowing it to engage in fuel importation activities.
Choosing Singapore for the planned unit’s headquarters makes sense as the market is considered the largest oil trading hub in Asia.
This gives Top Line an advantage to firm up ties with key market players among producers in the Middle East.
“This initiative is a strategic step toward our long-term vertical integration strategy by optimizing our end-to-end supply chain,” said Constance Marie Lim, first vice president and chief financial officer of Top Line.
“By establishing a trading presence in Singapore, we enhance our fuel supply reliability and efficiently structure our costs. Over time, this is expected to contribute to better margins and more efficient fuel sourcing across our network,” Lim said.
The group is involved in commercial fuel trading, depot operations and retail fuel in the Visayas region.
Last week, the firm said it had completed the renovation of eight stations in Northern Cebu. This first batch of rebranded stations was part of a network of 38 retail outlets it acquired from Total Oil & Gas in July 2025.
