MANILA - Petron Corporation posted a net income of P4.99 billion in the January to September period, reversing the P12.6 billion net loss it incurred in the same period last year.
“As international oil prices continued to rally with Dubai crude breaching the $75 per barrel-mark in the third quarter, Petron’s consolidated revenues from its Philippine and Malaysian Petron president and CEO Ramon Ang said the company’s strategic investments helped Petron be more financially resilient despite external challenges.
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SMC chief Ramon Ang willing to sell Petron back to govt“Anytime po, pwede ko pa ipautang sa Philippine government. Bilhin ninyo ito ng over five years to pay,” says SMC president and chief executive officer Ramon Ang. Huwag lang doon sa crony ni Duts na si Uy. Government should not be in the oil- selling business; it attracts corruption, diba attyharryroque? Baka interested si Dennis Uy.
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Ramon Ang open to selling Petron back to gov’tICYMI: Business tycoon and San Miguel Corporation chief executive officer Ramon Ang has offered to sell Petron Corporation back to the Philippine government through a five-year installment payment scheme. Bongbong Marcos wants to be President para mabura lahat ang mga kaso nila-para mabawi ng mga Marcos ang PETRON, SAN MIGUEL CORP., UNITED COCONUT PLANTERS BANK na inari ni Danding Cojuangco, a Marcos crony and dummy- with help from his first cousin Pres. Cory Aquino. Smart offer This has to be studied very well. One, SMC is having a hard time maintaining Petron. It already gave up on its oil refinery. Two, there are already so many smalltime players that offer much lower per liter. This may not be a good investment. Better for gov to stay as regulator.
Source: inquirerdotnet - 🏆 3. / 86 Read more »
SMC chief Ramon Ang willing to sell Petron back to govt“Anytime po, pwede ko pa ipautang sa Philippine government. Bilhin ninyo ito ng over five years to pay,” says SMC president and chief executive officer Ramon Ang. Huwag lang doon sa crony ni Duts na si Uy. Government should not be in the oil- selling business; it attracts corruption, diba attyharryroque? Baka interested si Dennis Uy.
Source: CNN Philippines - 🏆 13. / 63 Read more »