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  1. Join Date
    Nov 2005
    Posts
    34,816
    #3461
    Quote Originally Posted by jut703 View Post
    Shell pala si LM? SBO or PSPC?

    Sent from my SM-N970F using Tapatalk
    sa pagkaalam ko po

    dunno the details

  2. Join Date
    Nov 2005
    Posts
    34,816
    #3462
    Quote Originally Posted by tarzegetakizerd View Post
    Petron turns Vacuum Tower Bottoms into diesel, Kero, even naphtha products. Ang pinaka-latak sa petron, coke fines, which is sinusunog as fuel sa SMC Power Plant. Walang tapon.
    ok

    bottoms into naphtha?

    galing naman

  3. Join Date
    Feb 2018
    Posts
    731
    #3463
    Quote Originally Posted by uls View Post
    ok

    bottoms into naphtha?

    galing naman
    yep. Dati din naman supplier si petron ng bitumen and fuel oils for tankers, etc. pero since inupgrade yung planta in 2012, wala na yung ganun products

    Foster Wheeler Wins Engineering and Procurement Contract for Petron Refinery Upgrade in the Philippines | Business Wire

  4. Join Date
    Nov 2005
    Posts
    34,816
    #3464
    Quote Originally Posted by tarzegetakizerd View Post
    yep. Dati din naman supplier si petron ng bitumen and fuel oils for tankers, etc. pero since inupgrade yung planta in 2012, wala na yung ganun products

    Foster Wheeler Wins Engineering and Procurement Contract for Petron Refinery Upgrade in the Philippines | Business Wire
    ok thanks dude

  5. Join Date
    Oct 2012
    Posts
    25,927
    #3465
    Quote Originally Posted by tarzegetakizerd View Post
    Petron had the advantage of further converting bottoms (Latak) into valuable products, which Shell couldn't. The updated tech would have made Petron more competitive than Shell, but the losses due to double taxation is too much.

    Seems like the government would turn a blind eye on this one



    Petron refinery to close ‘very soon’ | BusinessWorld
    Sayang the jobs

  6. Join Date
    Oct 2002
    Posts
    34,040
    #3466



    Sent from my iPhone using Tapatalk

  7. Join Date
    Nov 2005
    Posts
    34,816
    #3467
    Quote Originally Posted by shadow View Post



    Sent from my iPhone using Tapatalk
    ^^^

    "lingering household caution" -- many still not going out coz takot sa virus

    "limited fiscal policy support" -- this is what i keep bringing up... need gov't stimulus... pero wala

    "permanent damage to corporate sector balance sheets and the labor market" -- madami receivables mga companies di makolekta

    and companies are not in hiring mode

    and last but not least the strong peso which i said is not really a good sign coz it means mahina ang imports (mahina demand for $$$) dahil mahina ang domestic demand
    Last edited by uls; October 28th, 2020 at 06:47 PM.

  8. Join Date
    Nov 2005
    Posts
    34,816
    #3468
    pero ok ung strong peso sa mga may dollar denominated debt

  9. Join Date
    Sep 2003
    Posts
    21,866
    #3469
    A friend in Vmall who pays 110k/month for their unit renegotiated their contract. Their June-August lease went down to 35k/month...


    “Shang Properties, the owner of the Shangri-La Plaza Mall, just reported that receivables over 90-days-old from tenants of the Ortigas mall for the third quarter of the year had grown to P24 million from only P4.75 million a year ago. The larger aging accounts came amid shrinking revenues, with Shang reporting P92 million receivables by end-September, compared to P195.3 million for the same end-period last year.”
    Sent from my Mi 9T Pro using Tapatalk

  10. Join Date
    Oct 2002
    Posts
    19,512
    #3470
    Quote Originally Posted by uls View Post
    pero ok ung strong peso sa mga may dollar denominated debt
    Lugi exporters. Thats Php2.50 for every USD1.00 since start of lockdown in March.
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Philippine Economy Talk