February 19, 2021 | 12:05 am Font Size
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ALSONS Consolidated Resources, Inc. (ACR) on Thursday has named a new president and chairman to lead the firm starting March.
In a disclosure to the local bourse, ACR said that Nicasio I. Alcantara would be the next president and chairman of the company, which was helmed by Tomas I. Alcantara.
It said Tomas Alcantara decided to retire for health reasons, but would remain a director of the company. His retirement would take effect on March 1, the firm said.
Nicasio Alcantara previously led ACR as its chairman and president from 1995 to 2001. From 2001 to 2009, he was the chairman and chief executive officer of Petron Corp. At present, he is the chairman of ACR Mining Corp. and an independent director of Phoenix Petroleum Philippines, Inc.
Published February 10, 2021, 5:30 AM
The Philippine Stock Exchange, Inc. (PSE) is adding newly-listed firms in its sector indices while the main PSE index (PSEi) will see no changes in its composition.
In a statement, the bourse said these changes are based on the regular stock performance review for the January to December 2020 period and will take effect on February 15, 2021.
In terms of sector indices, ten companies will be added while seven will be removed. Among the ten listed firms are the three companies that listed on the main board in 2019 namely Axelum Resources Corporation (AXLM), AllHome Corporation (HOME), and Fruitas Holdings, Inc. (FRUIT).
By
Angelica Y. Yang
THE Energy department has identified Vires Energy Corp. and Atlantic Gulf and Pacific Co. (AG&P) as potential investors in a floating facility for imported gas, as the country prepares for the depletion of its sole supplier of the energy resource.
“Yesterday, we had a pre-application conference with Vires Energy, which plans to bring in an FSRU (floating storage and regasification unit) and also with AG&P, which has… an initial agreement with San Miguel (Corp.). They also intend to bring an FSRU,” Department of Energy (DoE) Assistant Secretary Leonido J. Pulido III told participants of a Senate hearing on Tuesday.
MANILA, Philippines Oil firms are raising pump prices for the second time this year as global prices were pushed up by Saudi Arabia’s pledge to further cut production. Gasoline prices will be raised by P0.85 per liter, diesel prices by P0.30 and kerosene by P0.25 per liter. In separate advisories, Petro Gazz, Petron Corp., Phoenix Petroleum Philippines Inc., Pilipinas Shell Petroleum Corp., PTT Philippines and Seaoil Philippines said their.
Published January 10, 2021, 5:30 AM
Uy-led Phoenix Petroleum Philippines Inc. is reinforcing its digital or electronic commerce (e-commerce) platform in bids to bolster its sale of petroleum products.
The new offering from the oil company is via “Limitless” discount fuel vouchers, which is an app-based component of its loyalty program; and these come in P1,000, P500 and P100 denominations.
Phoenix Petroleum President Henry Albert Fadullon
Phoenix Petroleum President and CEO Henry Albert Fadullon noted “as our brand further evolves, we have also innovated the way we offer our products and conduct our promos.”
He explained that the company is enhancing the integration of e-commerce in the company’s marketing strategy, “especially this year when safety is of prime concern.”