Cris Larano

Dec 11, 2024 | hydrocarbonprocessing.com | Cris Larano

By CRIS LARANOPetron Corp. said Wednesday that its board has approved a plan to invest in US-based ExxonMobil's downstream oil business in Malaysia, an initial overseas foray for the Philippines' largest oil refiner by capacity and sales. Petron has yet to finalize the size of the investment and the stake, it told the stock exchange. Petron president Eric Recto told Dow Jones Newswires that the board has yet to decide whether to buy all or a portion of the stake that parent firm San Miguel Corp.

Aug 16, 2024 | fr.advfn.com | Cris Larano

By Cris Larano MANILA--Philippine Airlines Inc., or PAL, is seeking to delaythe delivery of some aircraft it had earlier ordered from AirbusIndustrie as the carrier reviews both its domestic andinternational routes, the airlines' listed parent company PALHoldings Inc. (PAL.PH) said Friday.

Aug 16, 2024 | fr.advfn.com | Cris Larano

By Cris Larano MANILA--Philippine Airlines controlling shareholder Lucio Tan isagain on the hunt for a strategic partner for the airline shortlyafter parting ways with San Miguel Corp. (SMC.PH), and aims to seala deal within three years, the carrier's returning president, JaimeBautista, said. "We want a strategic investor in the next two to three years,"Mr. Bautista told reporters after launching Friday the return ofPAL--as the airline is popularly known--to New York after an18-year absence.