Hope - Gokongweis want Petron
I do not usually read the morning paper nowadays. It is predominantly bad news. For example, the most prestigious entity for rice research and development – IRRI (International Rice Research Institute) is located here in our country, yet we are the the biggest importer of rice in the world. Hilarious.
Consumer prices are rising like hell. Government scandal there, here, the list is endless.
The Gokongweis want Petron. You begin to ask, whats the big deal with one company having a different owner? Its just a different set of hands counting the income -wrong.
The Gokongweis are a prominent business family in the Philippines. Some of the businesses they own are Cebu Pacific, Digitel, Robinsons Malls, and Sun Cellular.
Petron is one of the biggest gas companies operating in the Philippines, along with Shell and Caltex.
How is this supposed purchase good news? (more…)
Thursday, May 8th, 2008