In a disclosure to the SEC, Oil Refiner Petron Corp, informed them of changes to the officers of the company as elections took place to reflect the new owner’s stake.

San Miguel Corp recently acquired majority stake in Petron after it bought SEA Refinery from the Ashmore Group. The Ashmore Group of UK just last year bought the remaining 40% stake of the Philippine government in Petron.
Read the rest of this entry »

After much shellacking from politicians and transports groups for being too slow in lowering their pump prices, publicly listed Petron Corp offered their financial files for scrutiny so that politicians can check for themselves if the company is indeed profiting unjustly with their product pricing.

Petron Public Affairs Manager Virginia A. Ruivivar. said : “If lawmakers actually look into our financial position, they would find that we are in a very difficult situation.”
Read the rest of this entry »