AgriNurture, DA, Bataan Freeport Authority ink digitalization program accord By TED CORDERO, GMA News
Published April 30, 2021 3:34pm Listed firm AgriNurture Inc. said Friday it entered into a memorandum of understanding (MOU) with the Department of Agriculture (DA) and the Authority of the Freeport Area of Bataan (AFAB) to establish an agri sector digitalization program. In a disclosure to the Philippine Stock Exchange, ANI said the MOU aims to establish an agri-sector digitalization program dubbed “1DA 1Bataan 1ANI Agri Digitalization Program.” The program shall have a “general purpose and objective of facilitating the implementation and rolling out of financial inclusion of all stakeholders in the agricultural sector, particularly the unbanked stakeholders such as the country’s farmers and fisherfolk, through a regulated financial technology platform and licensed virtual currency.”
FIRB targets May 17 to pass CREATE IRR bworldonline.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bworldonline.com Daily Mail and Mail on Sunday newspapers.
Petron plans perpetual capital securities sale Jordeene B. Lagare
PETRON Corp. on Thursday announced its plans to issue US dollar-denominated senior perpetual capital securities.
Petron said in a disclosure that its executive committee authorized the offering of such securities, with terms and conditions to be determined at a later time.
Net proceeds from this transaction will be used for the repayment of indebtedness and for general corporate purposes.
Petron has secured approval in-principle from the Singapore Exchange Securities Trading Ltd. (SGX-ST) for the listing and quotation of the securities.
The Hongkong and Shanghai Banking Corp. Ltd. is the sole global coordinator for the planned issuance.
Published March 10, 2021, 11:51 AM
The crash in global oil prices coupled with immense domestic demand contraction had knocked down leading oil firm Petron Corporation with P11.4 billion net loss last year from its P2.3 billion earnings in 2019.
The oil company indicated its sales declined by 27-percent to 78.6 million barrels versus brisk outcome of 107 million barrels in sales the prior year.
Such sales performance consequently sparked off 44-percent tumble on the oil firm’s consolidated revenues to P286 billion, which had been mainly attributed to the pernicious impact of the Covid-19 pandemic. That result had been compared to very rosy P514.4 billion revenues in 2019.
Petron swings to P11-B loss as revenues fall bworldonline.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bworldonline.com Daily Mail and Mail on Sunday newspapers.