Petron bonds listed on PDEX, investor confidence underscored
Petron Corp. on Monday listed on the Philippine Dealing and Exchange Corp. (PDEX) its fixed-rate bond that raised P32 billion amid oversubscription, which underscored investor confidence on the Philippines’ largest oil company.
Fuel prices drop again, but year-to-date gains remain high
The various fuel retailers will roll back pump prices for the second consecutive week starting Tuesday, 8 July, with gasoline down by ₱0.70 per liter, diesel by ₱0.10, and kerosene by ₱0.80, according to announcements from the major players including Caltex, Seaoil, PTT, and Clean Fuel.
Insurer achieves full IFRS 17 compliance ahead of 2027 deadline
Malayan Insurance has become one of the first insu in the country to achieve full IFRS 17 readiness, completing implementation of the global accounting standard two years ahead of the extended 2027 national deadline.
Petron wraps up ₱50B bond program with ₱32B tranche
Petron Corp. has successfully raised ₱32 billion from its latest fixed rate bond issuance, concluding the final tranche of its ₱50-billion shelf registration program with the Securities and Exchange Commission (SEC).
MAG doubles A330neo fleet with Airbus order
Malaysia Aviation Group (MAG), parent of Malaysia Airlines, has placed a firm order for 20 additional Airbus A330-900 widebody aircraft, doubling its future A330neo fleet to 40 units.
