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Philippines: Gov’t mulls options for sale of unused Malampaya gas

MANILA, Philippines — The Philippine government is re-exploring options for the sale of unused Malampaya gas called banked gas after several failed bids. Energy Secretary Alfonso Cusi has directed state-run Philippine National Oil Co. (PNOC) to conduct studies and submit recommendations on the banked gas. “As DOE secretary and chairman (of PNOC), let’s look for the best option. So […]

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Malaysia’s CIMB expands banking business in Philippines

MANILA, Philippines — Malaysia’s second largest financial services provider CIMB Group is dipping its hands in the investment banking business after formally launching its banking presence in the Philippines to complete its footprint in Southeast Asia. Effendy Shahul Hamid, chief executive officer of Group Ventures and Partnerships of the CIMB Group, said the Kuala Lumpur-based […]

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