Thursday, 25 June 2020

With the foray into the LPG area

With the foray into the LPG area, Phoenix objectives to construct considerable presence in the non-fuel petroleum markets which presently account for about one percentage of the organization’s enterprise.

PEPI generates most of its income within the Visayas and Mindanao – underpenetrated regions, with growing disposable earning and appealing call for potentialities. This will allow Phoenix to similarly grow this commercial enterprise in its domestic market, in which there is room for worthwhile enterprise enlargement and much less opposition compared to Luzon.

Phoenix Petroleum is the main independent oil enterprise in the Philippines, engaged within the trading and marketing of refined petroleum products and lubricants, operation of oil depots and garage facilities, hauling and into-plane offerings. PROPERTY developer DoubleDragon Properties Corp. Said on Thursday it has set a discount rate of 6.0952 percentage in step with yr for its seven-yr peso-denominated constant retail bonds.

The retail bond trouble can have a base size of P6.Five billion and an oversubscription allotment of P3.2 billion.

The offer length for the retail bonds will run from July 7 to thirteen, 2017 problem to the receipt of the permit to sell from the Securities and Exchange Commission (SEC). The bonds may be officially issued on July 21.

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