MANILA (AFX-ASIA) – Energy Secretary Vicente Perez said he has agreed with Pilipinas Shell Petroleum Corp and Caltex Philippines Inc to a plan under which the oil firms will no longer be penalised for their delayed IPOs. “Given that they are alarmed by the energy department’s warning that we will slap appropriate penalties for the…
PHILIPPINES: Manila holds off penalties on oil companies’ delayed IPOs
Posted on August 21, 2002 by EnergyAsia