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Top News In Liquigaz Philippines Today - Breaking & Trending Today

LPG firm maintains steady market share

While the world is experiencing jitters over the crisis between Ukraine and Russia, local LPG market players are logging steady market growth. Just like other petroleum products, however, the country has no influence over the contract prices of LPG. This is attributed by the Energy department to the relatively small… ....

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Cosco Capital settles P4-B corporate notes


Cosco Capital settles P4-B corporate notes
June 4, 2021 | 12:05 am
LUCIO L. Co’s Cosco Capital, Inc. said that it had paid its P4-billion seven-year corporate notes to its creditors.
In a regulatory filing on Thursday, Cosco Capital said it had settled its loan with the following: Land Bank of the Philippines, Rizal Commercial Banking Corp., Maybank Philippines, Inc., Robinsons Bank Corp., Security Bank Corp., and United Coconut Planters Bank.
The company said the loan was used for its investment in liquefied petroleum gas distributor Liquigaz Philippines Corp. in 2014. It acquired Liquigaz from SHV Energy of the Netherlands.
Cosco Capital said it sold Liquigaz in 2019 “at over three times the acquisition cost,” without disclosing figures. ....

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ECQ-proof industries


A year after the National Capital Region (NCR) and the rest of Luzon Island went into the dreaded ECQ, or enhanced community quarantine, for two months, here we are back to square one with the resurgence of COVID-19 cases and hard lockdowns in NCR plus the provinces of Bulacan, Cavite, Laguna, and Rizal.
Millions of Filipinos in the Greater Metro Manila area are once again confined to their homes, this time for extended periods since the curfew is now 11 hours long from 6:00 p.m. to 5:00 a.m. Only a few industries have been allowed by the Inter-Agency Task Force (IATF) on the Management of Emerging Infectious Diseases to operate in areas under ECQ. ....

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