+ Follow FLORIO Tag
FLORIO
Array
(
[results] => Array
(
[0] => Array
(
[ArticleID] => 141804
[Title] => Shell, Caltex to ask for new extension of IPO
[Summary] => Two of the country’s oil majors, – Pilipinas Shell Petroleum Corp. and Caltex (Philippines), Inc. – are likely to formally request the Department of Energy (DOE) for another extension of their initial public offering (IPO).
"As far as we are concerned, we are not yet ready," Caltex country chairman Nick Florio told reporters recently. He said they will indicate in their next quarterly report to Energy Secretary Vincent S. Perez the factors why they think it is not yet time for them to offer their shares to the public.
[DatePublished] => 2001-11-29 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] =>
[AuthorName] =>
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[1] => Array
(
[ArticleID] => 141565
[Title] => Caltex sees earnings to hit P600M
[Summary] => Caltex Philippines Inc., the country’s third largest oil firm, expects earnings to reach P500 million to P600 million this year, way below its original target of P1 billion for the period, a ranking company official said.
In an interview, Caltex country chairman Nick Florio said they have to revise their earnings projection to reflect the real situation in the market.
"Consumption is down, margins are below expectation and sales are down. The level of profitability in the industry is also below expectation," he said.
[DatePublished] => 2001-11-27 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1096364
[AuthorName] => Donnabelle L. Gatdula
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[2] => Array
(
[ArticleID] => 129400
[Title] => Shell, Caltex pick IPO advisers
[Summary] => Two of the country’s oil majors have selected their financial advisers for their planned initial public offering (IPO).
Pilipinas Shell Petroleum Corp. country chairman Oscar Reyes said they have appointed Salomon Smith Barneys as the company’s financial advisor for its IPO plans.
Caltex Philippines Inc. country chairman Nick Florio, said they would be tapping JP Morgan Chase Manhattan to handle the public offering.
[DatePublished] => 2001-08-09 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1096364
[AuthorName] => Donnabelle L. Gatdula
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[3] => Array
(
[ArticleID] => 129014
[Title] => Major oil companies seek deferment of Clean Air Act
[Summary] => Major oil companies are expected to lobby for the deferment of their compliance to the Clean Air Act (CAA) due to the economy’s continued weakness.
"We would be working with the industry and with the Department of Energy (DOE) to look for deferment of the second phase of CAA if possible," Caltex Phils. Inc. country director Nick Florio said.
He said the second phase of the CAA is capital intensive. "The amount of investment is very significant. It could be up to $150 million. Its a real concern for us," Florio said.
[DatePublished] => 2001-08-06 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] =>
[AuthorName] =>
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[4] => Array
(
[ArticleID] => 95755
[Title] => NDC, Caltex move closer to settling dispute
[Summary] => The National Development Company (NDC) and Caltex Philippines appear to be inching closer to a settlement of their lease dispute.
According to reliable government sources, the NDC has softened on its earlier stance to go ahead and institute legal proceedings against Caltex for its refusal to vacate NDC properties after the expiration of a 25-year lease.
NDC, sources revealed, are now willing to work out a compromise with Caltex on the various lease agreements.
[DatePublished] => 2001-04-09 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1097285
[AuthorName] => Marianne V. Go
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[5] => Array
(
[ArticleID] => 96543
[Title] => Shell, Caltex set to launch IPOs
[Summary] => Pilipinas Shell Petroleum Corp. and Caltex Philippines Inc., are ready to sell 10 percent of their shares through an initial public offering (IPO). They are simply waiting for the market to get better.
"We have done the necessary preparations for our IPO. We have named our financial advisor," Shell country chairman Oscar Reyes said in an interview.
Reyes said they are just waiting for the "right timing… to ensure success because we want it to have a good impact on the Philippine capital market and of course, to the investors."
[DatePublished] => 2001-03-27 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1096364
[AuthorName] => Donnabelle L. Gatdula
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[6] => Array
(
[ArticleID] => 96506
[Title] => Oil players to maintain prices; dismiss calls for any rollback
[Summary] => Local oil players committed yesterday to maintain pump prices of their products in the next two months while dismissing any possibility of a rollback.
At the annual general meeting of the Philippine Institute of Petroleum Inc. (PIP), executives of the "Big 3" oil companies and the new oil players lambasted Consumer and Oil Price Watch (COPW) chairman Raul Concepcion’s pronouncement that a rollback is in the offing following the continuing downtrend in world crude prices.
[DatePublished] => 2001-03-23 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1096364
[AuthorName] => Donnabelle L. Gatdula
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[7] => Array
(
[ArticleID] => 97009
[Title] => Caltex bucks reimposition of 3% oil tariff
[Summary] => Lifting the suspension of the three-percent tariff on oil imports will result in an increase in domestic oil prices, an official of Caltex Phils. Inc., one of the country’s Big "3" oil companies said.
"The lifting of the tariff suspension will create an upward pressure on the prices of local fuel and will translate to an immediate reaction in oil prices in the coming weeks," Caltex country chairman Nick Florio said.
[DatePublished] => 2001-02-12 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] =>
[AuthorName] =>
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[8] => Array
(
[ArticleID] => 96709
[Title] => Caltex still bullish on prospects of oil sector
[Summary] => Caltex Philippines, Inc., one of the major players in the local oil industry, is doubling its budget from about $25 million in 2000 to at least $45 million this year despite its heavy losses.
Caltex country chairman Nicholas Florio said his company remains bullish about the prospects of the country’s oil industry this year. "We are still optimistic that the Philippines’ oil industry will be stable," he said.
Florio said a hefty net loss after tax of about P2.9 billion in 2000 will not hinder their enthusiasm to expand their operations in the Philippines.
[DatePublished] => 2001-01-11 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1096364
[AuthorName] => Donnabelle L. Gatdula
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[9] => Array
(
[ArticleID] => 88840
[Title] => Caltex mulls 75¢ oil price increase
[Summary] => Another oil price hike is in the offing.
Caltex Philippines Inc. is looking at a 70- to 75-centavo per liter increase on local prices of petroleum products this month while the new players have their sights trained on a P1 increase.
Pilipinas Shell Petroleum Corp. is also planning a similar increase, possibly early next month, according to Shell president Oscar Reyes.
[DatePublished] => 2000-11-18 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1097672
[AuthorName] => Ted P. Torres
[SectionName] => Headlines
[SectionUrl] => headlines
[URL] =>
)
)
)
abtest
November 29, 2001 - 12:00am
February 12, 2001 - 12:00am
