Business

A surprising situation was announced since, by mid-January, Petron Corp. will be shutting down its Bataan refinery as the last operating oil refinery in the world. In it’s recent disclosure to the Philippine Stock Exchange, Petron highlighted that its refinery in Limay will be shut down by Bataan’s economic plant starting in the second half of January 2021.Prreviously, The Bataan …

KUALA LUMPUR: Malaysia Airports Holdings Bhd (MAHB) is optimistic that passenger traffic at its airports can steadily recover as the airline commences operations and other airlines resume flights. After a three-year hiatus last month, MAHB said KL International Airport had welcomed Cathay Pacific back. No matter how tough the situation gets, we will always rise up together as one big …

The Country’s favorite has set its new goal giving the long-term agreement with the coconut water brand, Vita Coco has been extended by the Po family-led Century Pacific Food Inc. CNPF is expected to embark on a major expansion of its coconut sector next year, rising production capacity with an additional P300 million investment to meet the growing global demand …

Perpetual bonds are generally issued by governments or institutions owned by governments. There are times when businesses with an impressive business background that are financially healthy have been able to sell perpetual bonds. From the viewpoint of the issuer, the main advantage is that the issuer does not have to pay for the theory. For the issuer, they just have …

The Toll Regulatory Board warned that toll concessionaires and operators which face fines or even suspended toll collections for any continuing breach of enforcing rules and regulations on cashless transactions on expressways. Due to atrocious state of the RFID system that leads to chaos and contributes to the intense traffic situation, mayor Rex Gatchalian of Valenzuela City repeal the North …

In preparation for its commercial launch next year the third telco player Dito Telecommunication is going full-speed with its user-friendly test. In view of this, Adel Tamano who is the chief administrative officer of Dito Telecommunication that as part of its ongoing roll-out and preparation for the forthcoming launch, the company has expanded the first wave of friendly user tests …

In a bid to streamline production, Nikkei has heard, Sony will merge its two factories in Malaysia by the end of September of next year. The Japanese electronics-to-entertainment conglomerate will close its audio device factory in the state of Penang, Malaysia, and transfer its manufacturing functions to a facility near Kuala Lumpur, the country’s capital. It will impact about 3,600 …

KOTA BARU, Dec 5- Goldsmiths with blowtorches and chisels sit at wooden desks in a backroom workshop in Malaysia as they melt and mold the precious metal into glittery jewelry. Over the coronavirus pandemic, demand for the safe-haven product has increased and it is not just professional investors who cash in but also small businesses. This year the Makmur Gold …

The Indonesian Palm Oil Association (Gapki) recently announced that Indonesia’s exports of crude palm oil and its derivatives increased three percent to 2.76 million tons in September this year from 2.68 million tons in August. Export volume growth was attributed to an increase in exports to countries such as China, Brazil, Malaysia, Russia, and Africa, Gapki CEO, Mukti Sardjonoo. While …

As part of efforts to streamline the organizational structure of the Lopez Company by cutting the number of public holding entities, Lopez Holdings Inc. will exit the local stock exchange. Surprisingly, The Lopez Holdings told the local stock exchange that the firm will voluntarily delist until First Philippine Holdings Corp. (FPH), its power arm, completes the acquisition of up to …