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                    [Title] => Petron remits P375-M dividends to government
                    [Summary] => Petron Corp., the country’s largest oil refiner, has remitted P375-million worth of dividends to the government through the Philippine National Oil Co. (PNOC). 


The amount represents a P0.10/share cash dividend to PNOC, which holds around 3.75 billion Petron shares – equivalent to a 40-percent stake in the company. 


Petron chairman Nicasio I. Alcantara turned over the cash dividend to PNOC president and CEO Eduardo V. Mañalac.  


Since the oil firm’s privatization in 1994, Petron has remitted nearly P6 billion in cash dividends to PNOC.


                    [DatePublished] => 2006-07-05 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1096364
                    [AuthorName] => Donnabelle L. Gatdula
                    [SectionName] => Business
                    [SectionUrl] => business
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HELPING FILIPINO

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                    [ArticleID] => 345503
                    [Title] => Petron remits P375-M dividends to government
                    [Summary] => Petron Corp., the country’s largest oil refiner, has remitted P375-million worth of dividends to the government through the Philippine National Oil Co. (PNOC). 


The amount represents a P0.10/share cash dividend to PNOC, which holds around 3.75 billion Petron shares – equivalent to a 40-percent stake in the company. 


Petron chairman Nicasio I. Alcantara turned over the cash dividend to PNOC president and CEO Eduardo V. Mañalac.  


Since the oil firm’s privatization in 1994, Petron has remitted nearly P6 billion in cash dividends to PNOC.


                    [DatePublished] => 2006-07-05 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1096364
                    [AuthorName] => Donnabelle L. Gatdula
                    [SectionName] => Business
                    [SectionUrl] => business
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                )

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abtest

Petron remits P375-M dividends to government

By Donnabelle L. Gatdula | July 5, 2006 - 12:00am

Petron Corp., the country’s largest oil refiner, has remitted P375-million worth of dividends to the government through the Philippine National Oil Co. (PNOC). The amount represents a P0.10/share cash dividend...

Business