Pinnacor Newswire

Pinnacor Newswire

Comprehensive Real-Time News Feed for Pinnacor.

Results 1 - 20 of 29 in Pinnacor

  1. San Miguel to manufacture Spam, to invest $1.5 billion in new breweriesRead the original story w/Photo

    Thursday Jun 14 | Manila Bulletin

    SMC ANNUAL STOCKHOLDERS' MEETING - SMC President and Chief Operating Officer Ramon S. Ang responds to positive feedbacks from shareholders during yesterday's annual stockholders meeting at the Valle Verde Country Club. With him is SMC Chairman and Chief Executive Officer Eduardo M. Cojuangco Jr. In 2017, the conglomerate's consolidated revenues rose 21 percent to P826 billion while operating income grew 11% to P111 billion.

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  2. Petron, Shell cut gas price by P1.20/liter, diesel by P0.90Read the original story w/Photo

    Saturday Jun 2 | Manila Bulletin

    After Phoenix Petroleum Philippines rolled back the pump price of gasoline, diesel, and kerosene Friday night, Petron Corporation and Pilipinas Shell Petroleum Corporation followed suit cutting the price of gasoline by P1.20 per liter and P0.90 for diesel products. Comparatively, the enforced rollback of Petron and Pilipinas Shell are smaller compared to the price reduction for gas and diesel announced by Phoenix Petroleum Friday .

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  3. Oil prices on the rise again at P0.65/liter for gasoline; P0.35/liter for dieselRead the original story w/Photo

    Monday May 28 | Manila Bulletin

    On combined trigger factor of upswing in global oil prices and the depreciation of the peso against the US dollar, prices of petroleum products at the pumps will rise again this week by P0.65 per liter for gasoline; and P0.35 per liter for diesel products. For kerosene, which is another commodity with wide social impact on some segments of Filipino communities as well as industries, its price will inch up by P0.45 per liter.

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  4. Eyes on property stocks, large capsRead the original story w/Photo

    May 20, 2018 | Manila Bulletin

    Stock market analysts see buying opportunities emerge after recent price drops in local equities and recommend selective buying of property stocks and emerging blue chip stocks. "The property sector was the only index that was in the green this week as several companies posted tremendous growth in the first quarter.

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  5. Petron earmarks P15-B capex for PH, Malaysia expansionsRead the original story w/Photo

    May 15, 2018 | Manila Bulletin

    Leading oil firm Petron Corporation will earmark P15 billion worth of capital expenditures this year for investment expansions domestically as well as on its Malaysian operations. According to Petron Chief Finance Officer Emmanuel L. EraA a, P5.0 billion will be funneled for Malaysian expansion - primarily for the rollout of additional 50 retail stations and the continued implementation of its refinery upgrading.

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  6. Petron supports FIA Sport Conference 2018Read the original story w/Photo

    May 10, 2018 | Manila Bulletin

    Industry leader Petron Corporation will be the official local fuel and oil sponsor of the FIA Sport Conference 2018, to be held in Pasay City from June 4 to 6. This is the first time the event is taking place in Asia, and is being hosted by the Automobile Association Philippines and supported by the Department of Tourism . The FIA-Federation Internationale de l'Automobile-is the governing body of all four-wheel motor sport worldwide,and brings together some 245 national motoring and sporting organizations from 143 countries.

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  7. SMC posts P234-B revenues, net profit up 31% at R19.4 BRead the original story w/Photo

    May 10, 2018 | Manila Bulletin

    Diversified conglomerate San Miguel Corporation started 2018 strong, reported a 31 percent jump in consolidated recurring net income to P19.4 billion in the first quarter of the year due to the robust performance of all its businesses. In a disclosure to the Philippine Stock Exchange, the firm said its revenues and operating income reached P234.3 billion and P32.7 billion, 20 percent and 19 percent higher than last year, respectively.

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  8. Petron and Lalamove partner upRead the original story w/Photo

    Apr 26, 2018 | Manila Bulletin

    From left: Benjamin Simone Tuason, Petron Loyalty Sales Executive, Cards Business Group; Jessamyn Clavio, Petron Loyalty Sales Manager, Cards Business Group; Bentley Elgincolin,Petron National Sales Manager, Cards Business Group; Albert Go, Lalamove Country Director; April Dannah Majarocon, Lalamove Operations Director; and Salome Akiko Sumulong, Lalamove Strategic Partnerships Manager. Petron Corporation recently signed into a partnership with on-demand logistics company, Lalamove, to benefit their partner-drivers.

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  9. Petron net profit rises 30% to P14.1BRead the original story w/Photo

    Mar 13, 2018 | Manila Bulletin

    Petron Corporation, the Philippines' leading oil refining and marketing company, reported a 30 percent jump in consolidated net income to P14.1 billion last year from earnings of P10.8 billion in 2016. In a disclosure to the Philippine Stock Exchange, Petron said its consolidated sales revenue rose 26 percent to P434.6 billion in 2017 from P343.8 billion in the previous year while operating income increased by 16 percent to P27.6 billion.

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  10. Petron joins bandwagon for e-vehicle charging stationsRead the original story w/Photo

    Feb 23, 2018 | Manila Bulletin

    Another oil firm that is joining the investment bandwagon on electric vehicles charging stations is leading oil firm Petron Corporation, according to Energy Secretary Alfonso G. Cusi. Fundamentally, the San Miguel Corporation-held oil company will be following the lead of multinational oil firm subsidiary Shell Philippines on this alternative transport foray.

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  11. LPG prices cut by P3.15/kgRead the original story w/Photo

    Feb 1, 2018 | Manila Bulletin

    The price of liquefied petroleum gas , the main cooking fuel for households has been reduced by P3.15 per kilogram or a total reduction of P34.65 for the standard 11-kilogram cylinder.

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  12. Petron to expand Malaysia refinery for $3.5 billionRead the original story w/Photo

    Dec 31, 2017 | Manila Bulletin

    Filipino leading oil firm Petron Corporation is lining up mammoth investment of $3.5 billion to expand the capacity of its Port Dickson refinery in Malaysian oil market by additional 90,000 barrels per stream day. "The Malaysian refinery expansion if we will add 90,000 barrels per day will entail investment of $3.5 billion," Petron President and Chief Executive Officer Ramon S. Ang said.

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  13. SMC to borrow $1.3 B for Masinloc plant purchaseRead the original story w/Photo

    Dec 22, 2017 | Manila Bulletin

    Diversifying conglomerate San Miguel Corporation will be tapping the capital markets again next year for roughly $1.3 billion worth of fresh borrowings to finance its 630-megawatt Masinloc plant acquisition. In an interview on the sidelines of the company's R20-billion bond listing, SMC Chief Finance Officer Ferdinand K. Constantino said they will likely raise 70-percent of the $1.9 billion purchase price that SMC Global-Power Holdings, Inc. had tendered for the Masinloc asset.

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  14. Seaoil forges strategic partnership with Australia's largest fuels firmRead the original story w/Photo

    Dec 20, 2017 | Sun-Star

    SEAOIL Philippines Inc. , the country's largest independent fuel player, said it has signed a definitive agreement that forges a strategic partnership with Caltex Australia Petroleum Pty Ltd . The Australian company will acquire a 20 percent equity interest in Seaoil in what is intended to be a long-term partnership between the two independent players.

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  15. SMC's consolidated revenues seen reaching P927 B next yearRead the original story w/Photo

    Dec 19, 2017 | Manila Bulletin

    The consolidated revenues of conglomerate San Miguel Corporation across all business segments would likely hit P927 billion level next year, rising 14-percent from what is targeted at P815 billion this 2017, according to a company source. Income from operations, the source added, will likely reach P125 billion for 2018, expanding 18-percent from forecast level of P106 billion on a full-year basis this 2017.

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  16. Oil pump prices to surge by P6 per literRead the original story w/Photo

    Dec 10, 2017 | Manila Bulletin

    With the Duterte administration-sponsored tax reform measure almost done at the legislative bicameral level and already inching close to its signing into law, Filipino consumers are almost certain to meet the new year with a punishing P6.00 per liter tiered increases in fuel prices. In the calculation of the country's oil companies, the increase in diesel prices could be at P6.72 per liter with value-added tax as it will be coming from a zero excise tax level; while for gasoline, it will be at P5.65 per liter on top of the P4.35 per liter excise tax component of current pump costs.

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  17. 55 vehicles tested in DOE fuel eco-runRead the original story w/Photo

    Nov 25, 2017 | Sun-Star

    Some 55 vehicles of various brands were tested in this year's fuel economy run of the Department of Energy -Energy Utilization Management Bureau. The participating vehicles consisted of sedans, service utility vehicles, multi-purpose vehicles, and pick-ups with 26 vehicles running on diesel and another 26 running on gasoline.

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  18. Ateneo tiltRead the original story w/Photo

    Nov 11, 2017 | Manila Bulletin

    The Ateneo Alumni Association, Inc. will hold a fund-raising golf tournament dubbed as "All Blue on the Greens" on Nov. 17 at the Canlubang Golf and Country Club.

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  19. Petron posts P11.8-B consolidated incomeRead the original story w/Photo

    Nov 10, 2017 | Manila Bulletin

    As it inches up on its mark as a significant oil industry player in the Asia Pacific region, leading Philippine oil firm Petron Corporation has also been impact fully building up its bottom line having logged consolidated net income of P11.8 billion in this year's January-September stretch, 58 percent higher than the year-ago financial outcome of P7.4 billion. Within the nine-month span, the oil firm's consolidated revenues also climbed 27 percent to P313.5 billion from P247.8 billion the previous year; while operating income had expanded 31 percent to P22.1 billion vis-A -vis the 2016 level of P16.8 billion.

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  20. SMC profit soars 21% to P43.8 B as revenues climb 20% to P597 BRead the original story w/Photo

    Nov 10, 2017 | Manila Bulletin

    Diversified conglomerate San Miguel Corporation reported a 21 percent hike in recurring net income to P43.8 billion in the first nine months of 2017 from last year's P36.3 billion Recurring profit is excluding the effect of foreign exchange translation and the one-time gain from the sale of its telecommunications business last year. SMC's revenues rose 20 percent to P597.0 billion for the first nine-months of the year on higher sales mainly from its core food, beverages, and packaging businesses.

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