dont misunderstood me Jebat, i dont need that kind of fun ....hahahahahaha just stay back watch show can be fun tooo.......enter when got clearer picture laaa.
August 8, 2017 MEDIA RELEASE FOR PUBLICATION & BROADCAST PETRON POSTS P8.2 BILLION NET INCOME FOR FIRST HALF OF 2017 Petron Corporation, the Philippines’ leading oil refining and marketing company, ended the first half of 2017 strong, hitting a consolidated net income of P8.2 billion, up 56% from the P5.3 billion posted over the same period last year, despite crude oil inventory losses and a 45-day scheduled maintenance shutdown of its refinery as part of its 10-year inspection program. The solid performance was driven by the company’s deliberate focus on more profitable segments and improved refinery production yields, while sustaining sales volumes coming from a record-breaking year in 2016. “With our upgraded refining capabilities, we derived more value and produced more profitable products. This is strongly complemented by our extensive expansion efforts in both our logistics and retail businesses,” Petron President and CEO Ramon S. Ang said. During the period, total sales volumes for both Malaysia and the Philippines reached 52.9 million barrels, slightly higher than the previous record of 52.6 million from 2016. Petrochemical sales also surged 78% year-on-year. Consolidated sales revenues increased by 28% to P207 billion in the first six months of the year from P161.9 billion over the same period in 2016. Operating income stood at P14.6 billion, a 27% improvement from the previous year’s P11.5 billion. The company remains confident about its prospects for the year underpinned by the country’s strong economic performance. (continues)
KUALA LUMPUR: Embattled state investment company 1Malaysia Development Bhd. received an extension to make a payment of more than $600 million to an Abu Dhabi sovereign wealth fund after missing a deadline last month.
1MDB is in talks with International Petroleum Investment Co. on the new arbitration settlement date, Malaysian Treasury Secretary General Irwan Serigar Abdullah told reporters on Tuesday. Irwan is also the chairman of 1MDB’s board of directors.
“It’s a question of time,” Irwan said. “In due course when the time comes, we will pay off.”
1MDB was due to make a payment to IPIC by the end of July and had a five-business day grace period to meet the obligation. The settlement would have been made from proceeds of a 1MDB rationaliSation plan that involved the monetization of so-called investment fund units.
The money that was expected to arrive last month had been delayed till August, 1MDB said in a statement last week. The holdup was due to the need for additional regulatory approvals, it said. 1MDB didn’t foresee the time it would take to sell the units and meet regulatory requirements, Irwan said Tuesday.
The payment to IPIC is part of a US$1.2bil settlement over a debt dispute and is half the amount 1MDB and the Malaysian finance ministry agreed to make to IPIC. The second installment is due by the end of 2017.
1MDB’s 5.99% notes due 2022 rose to 108.291 to the dollar as of 2:07 p.m. in Kuala Lumpur, according to prices compiled by Bloomberg. The yield has dropped about 48 basis points in 2017. - Bloomberg
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
Kyou
1,225 posts
Posted by Kyou > 2017-08-08 09:57 | Report Abuse
@machai ... how abt cc?