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Petron
stockholders’ meet.
Nicasio Alcantara (center),
Petron chairman and CEO, reviews his presentation at the
oil refiner’s stockholders’ meeting at the SMX
Convention Center in Pasay City. Also in photo is
Philippine National Oil Co. president Antonio Cailao
(left), to represent the government in Petron, and Craig
Webster, head of legal and transaction management of
Ashmore, the UK-based fund manager that acquired Saudi
Aramco’s 40-percent stake in Petron for $550 million.
Thursday’s meeting was Aramco’s last since buying into
Petron during the Ramos administration.
--NONIE REYES |
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TOP STORIES |
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BSP
to settle P3.6-B BIR case |
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THE Bangko
Sentral ng Pilipinas (BSP) has agreed to pay the Bureau of
Internal Revenue (BIR) in what is shaping up as a settlement
of P3.6 billion in assessed tax liabilities, without the
central bank admitting liability. |
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3
House panels study telco rates
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NOT
satisfied with the three-month 50-centavo promo rate on
short message service (SMS) or text messaging, Speaker
Prospero Nograles directed three House committees to hasten
deliberations on a bill proposing to regulate the rates
charged by telecommunications companies on text messaging,
affecting some 55 million subscribers. |
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Ashmore here for ‘the long haul’ |
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“WE’RE here
for the long haul.”
This is what Petron Corp.’s new owner and
fund manager Ashmore Group said on Thursday at the sidelines
of Petron’s stockholders’ meeting. |
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Over
P100-M swine funds ‘dubious’ |
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SENATE
probers confirmed on Thursday that more than P114 million in
the so-called Quedan and Rural Credit Guarantee Corp. (Quedancor)
swine scam loan proceeds were allegedly disbursed for
questionable fees paid to various groups and individuals
just before the 2004 elections, tending to bolster suspicion
that a huge chunk of the fund was diverted to the
administration’s presidential campaign. |
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Palace pursues complaint vs pollster |
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MALACAŅANG
on Thursday formally asked the Marketing and Opinion
Research Society of the Philippines (MORES) to take a public
stand on the alleged lack of professionalism supposedly
demonstrated by independent pollster Pulse Asia Inc. in its
two recent surveys that showed continued unfavorable public
opinion on the presidency. |
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Full
inquiry into VAT funds, use |
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A MILITANT
legislator is seeking a congressional investigation on
President Arroyo’s Katas ng VAT program, which he said has
been turned into a “survival kit and public-relations tool.” |
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Meralco decision stays, as justices’ row pends |
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THE ruling
of the Court of Appeals’ (CA) Eight Division upholding the
control of the Lopez bloc over the Manila Electric Co. (Meralco)
will remain, at least for now, after the court en banc
decided to leave the issue concerning the validity of the
decision to the parties to take the legal steps they may
deem appropriate. |
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ARMM
poll deferment bill OK’d, but. . . |
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ELEVEN days
before the scheduled Autonomous Region in Muslim Mindanao
elections on August 11, the House Committee on Suffrage and
Electoral Reforms approved on Thursday the consolidated bill
seeking postponement of the polls. |
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NSO
notes 15% hike in number of workers abroad |
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THE National
Statistics Office (NSO) estimates that the number of
Filipinos working abroad has increased by 15.3 percent from
April to September 2007. |
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Bank lending grows 15.4% in May |
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DESPITE
expectation of an economic slowdown this year, bank lending
posted a double-digit growth of 15.4 percent on average in
May, the Bangko Sentral ng Pilipinas (BSP) said on Thursday. |
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Jonas’s mother goes back to SC |
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EDITA T.
BURGOS, mother of missing political activities Jonas
Burgos, Thursday filed a petition before the Supreme Court
seeking to nullify the Court of Appeals (CA) decision saying
that she failed to prove her claim that the military was
behind her son’s abduction and disappearance. |
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Waterworld.
Nonstop,
heavy rains flooded huge parts of Metro Manila on
Thursday afternoon, stranding motorists and even office
workers who had simply gone out to lunch. One of those
quickly flooded was the area near the intersection of
Chino Roces and Dela Rosa Streets in Makati City.
--ROY DOMINGO |
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