+ Follow JGSPC Tag
JGSPC
Array
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[results] => Array
(
[0] => Array
(
[ArticleID] => 21462
[Title] => Gokongwei buys out Marubeni in petrochem unit
[Summary] =>
[DatePublished] => 2007-10-17 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1804021
[AuthorName] => Zinnia B. Dela Peña
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[1] => Array
(
[ArticleID] => 344623
[Title] => JG Summit seeks loans for $500-M naphtha cracker plant project
[Summary] => JG Summit Petrochemical Corp. (JGSPC) is holding talks with several multilateral agencies and commercial banks for the possible financing for its $500-million naphtha cracker plant.
Lance Gokongwei, president and chief operating officer of JG Summit Holdings Inc., the parent firm of JGSPC, said negotiations are ongoing and an agreement is expected to be reached anytime soon.
Three foreign groups based in Asia have earlier expressed interest to join JGSPC in the construction of the naphtha cracker facility in Batangas.
[DatePublished] => 2006-06-30 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1804021
[AuthorName] => Zinnia B. Dela Peña
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[2] => Array
(
[ArticleID] => 308799
[Title] => JG Summit expects to conclude talks with foreign firms for naphtha project
[Summary] => JG Summit Petrochemical Corp. (JGSPC) expects to conclude negotiations with a prospective foreign investor for its proposed $500-million naphtha cracker plant by March next year.
Lance Gokongwei, president and chief operating officer of JGSPC’s parent firm JG Summit Holdings, said they are in continuous discussions with prospective contractors and expect to close a deal next year.
Three foreign groups based in Asia have expressed interest to join JGSPC in the construction of the naphtha cracker facility in Batangas.
[DatePublished] => 2005-11-26 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1804021
[AuthorName] => Zinnia B. Dela Peña
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[3] => Array
(
[ArticleID] => 305148
[Title] => Gov’t stands by decision to cut tariff on 11 petrochem products
[Summary] => JG Summit Petrochemical Corp. (JGSPC) and the Association of Petrochemical Manufacturers of the Philippines (APMP) have failed to present new arguments or evidence to convince the Cabinet-level Tariff and Related Matters (CTRM) Committee to reverse its earlier decision to go ahead with the tariff reduction on 11 petrochemical products.
As such the CTRM will stand by its earlier decision and will let the National Economic Development Authority (NEDA) Board reaffirm its decision.
This was confirmed to The STAR by Budget Secretary Romulo Neri yesterday.
[DatePublished] => 2005-11-04 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1097285
[AuthorName] => Marianne V. Go
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[4] => Array
(
[ArticleID] => 293315
[Title] => JG Summit sets bid for construction of P26.25-B naphtha cracker project
[Summary] => JG Summit Petrochemical Corp. (JGSPC) is set to bid out today (Aug. 25) the contract for the construction of its planned P26.247-billion naphtha cracker project.
JGSPC president Wilfredo Paras said there are at least three interested Asian bidders for the construction project.
He did not identify who the three interested bidders are.
[DatePublished] => 2005-08-25 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1097285
[AuthorName] => Marianne V. Go
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[5] => Array
(
[ArticleID] => 278747
[Title] => JG Summit assures naphtha project on track
[Summary] => JG Summit Petrochemical Corp. (JGSPC) has assured the Board of Investments (BOI) that it is on schedule for its naphtha cracker project in spite of the resurrected complaint of former congressman and now governor of Bataan Enrique Garcia regarding the planned location of the plant in Batangas.
According to Trade and Industry Secretary Juan B. Santos, JGSPC is set to present this week to the Tariff and Related Matters (TRM) Committee its compliance to the timetable it had earlier submitted to the body.
[DatePublished] => 2005-05-23 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1097285
[AuthorName] => Marianne V. Go
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[6] => Array
(
[ArticleID] => 273514
[Title] => JG Summit seeks extension of import duty-free privilege
[Summary] => JG Summit Petrochemical Corp. (JGSPC) is asking the Board of Investments (BOI) to extend JGSPC’s availment of the duty-free importation of capital equipment to 2007 even though the incentive is supposed to expire by 2006.
According to JGSPC, the machinery for its proposed naphtha cracker plant is scheduled to be delivered only by 2007 as completion of the project is still in 2008.
At the same time, JGSPC also informed the BOI that it has appointed Deutsche Bank to be its financial advisor for its financing of the naphtha cracker project.
[DatePublished] => 2005-04-11 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1097285
[AuthorName] => Marianne V. Go
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[7] => Array
(
[ArticleID] => 272247
[Title] => Plastic firms urge government to lower tariff on petrochem products
[Summary] => The Philippine Plastic Industry Association (PPIA) is urging the government to finally lower to one percent the Common Effective Preferential Tariff (CEPT) rate on imported petrochemical products while the naphtha cracker project of JG Summit Petrochemical Corp. (JGSPC) is still not operational.
In a letter to Trade and Industry Secretary Juan B. Santos and Economic Planning Secretary Romulo Neri, the PPIA assured that they would support the tariff increase on resins once the JGSPC naphtha cracker becomes operational in 2008.
[DatePublished] => 2005-04-01 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1097285
[AuthorName] => Marianne V. Go
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[8] => Array
(
[ArticleID] => 271761
[Title] => Governor wants BOI to force JG Summit to locate its petrochem project in Bataan
[Summary] => Former Congressman and now Governor of Bataan Enrique Garcia is opposing the recent decision of the Board of Investments (BOI) to approve the planned location of JG Summit Petrochemical Corp.’s (JGSPC) naphtha cracker plant in Batangas.
Garcia said that the first proposed naphtha cracker project, by then proponent, Luzon Petrochemical Corp. (LPC), was supposed to be built in Bataan.
The BOI had approved the project and gave the necessary incentives way back in 1988.
[DatePublished] => 2005-03-28 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1097285
[AuthorName] => Marianne V. Go
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[9] => Array
(
[ArticleID] => 270901
[Title] => BOI lists JG Summit petrochem project as pioneer industry
[Summary] => The Board of Investments (BOI) has approved the application of JG Summit Petrochemical Corp. (JGSPC) for registration on a pioneer basis as a new domestic producer of ethylene, propylene, pyrolysis gas and other by-products.
Based on its application documents with the BOI, the JGSPC naphtha cracker project would have a cost of P26.247 billion to be financed primarily from loans amounting to P18.373 billion and equity contribution of P7.874 billion.
The JGSPC naphtha cracker project, however, is scheduled to start commercial operation by December 2008.
[DatePublished] => 2005-03-19 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1097285
[AuthorName] => Marianne V. Go
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
)
)
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