MANILA (AFX-ASIA) – President Gloria Arroyo said she has decided to defer the government’s sale of its 3.75 million shares or a 40% stake in Petron. The stake sale, expected to raise some 6.5 billion pesos, had been considered by the government earlier to help fund its budget deficit. (US$1=54 peso) Mrs Arroyo said in…

This article is for Subscriber members only.
Log In Register