Pilipinas Shell Batangas Refinery to be Converted to First Class Import Terminal

Pilipinas Shell in Tabangao, Batangas Refinery is shutting down shuts down for a new world-class import terminal development The Shell Tabangao refinery that will be converted into world-class import terminal

Dubbed as a “world-class full import terminal," the Tabangao oil refinery constructed in 1960 has been an important refinery center for the last 100 years of operating in the Philippines.

Shell Philippines President and CEO Cesar G. Romero said that the company “has the technical capability and flexibility to manage and adapt to disruptive conditions.”

“Due to the impact of the Covid-19 pandemic on the global, regional and local economies, and the oil supply-demand imbalance in the region, it is no longer viable for us to run the refinery,” Romero added.

Pilipinas Shell is a subsidiary of Royal Dutch Shell which suffered a P5.5 billion net loss in the first quarter of this year because of the pandemic crisis.

The company …

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Vermosa Rising in Cavite

Vermosa developed by AyalaLand is poised to be the new BGC of south of Metro Manila. Located along Daang Hari Road, encompassing Bacoor and Imus Cavite, which is just a few meters away from Dasmarinas. The future city of the South, sprawling 700+ hectare estate is master-planned to offer horizontal residential, sports, dining, hotel, schools, to an entertainment destination! Mixed-used CBD (Central business district) A central business district will take up 124 hectares of the development. It which will hold various business and commercial establishments, residential developments and schools. Furthermore, 165 hectares of land will be devoted to parks and gardens Vermosa set to redesign urban living. Vermosa is 5km from 2nd exit from Cavite. Approx. 10-30 mins. away from Kawit, Dasmarinas, and Sta. Rosa Laguna. Vermosa is 5km from 2nd exit from Cavite. Approx. 10-30 mins. away from Kawit, Dasmarinas, and Sta. Rosa Laguna Ayala Land, Inc. (ALI) announced Wednesday (Se…
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Skyway Stage 3 and 4

Manila (Philippine Daily Inquirer/ANN) - Conglomerate San Miguel Corp. (SMC) and Jakarta-based Citra Group is building up a war chest worth US$1 billion for infrastructure projects in the Philippines and Indonesia, with the aim of becoming Southeast Asia's biggest toll road player. At a briefing yesterday, Citra Group chair Shadik Wahono said the company planned to form a joint venture with San Miguel that would eventually go public, either through an initial public offering (IPO) in the Philippines or through the issuance of toll road asset-backed securities called Business Trusts in Singapore. The new holding firm, which has yet to be named, will handle both groups' extensive toll road assets in Indonesia and the Philippines. "The consortium's balanced mix of revenue-producing mature assets and strong development projects gives bright prospects for its future," Wahono said. "Its focus on toll road infrastructure in the Philippines and Indonesia-with their large po…
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Zuellig Building: Top three “Best Office”

Zuellig Building: Another pride of Makati" By Kim Arveen Patria | Yahoo! Southeast Asia Newsroom Amid a construction boom that has seen high-rise buildings sprout all over Metro Manila, a development in Makati has grabbed the attention of an international real estate award-giving body. The newly constructed Zuellig Building has made it to the top three in the "Best Office and Business Development" category of MIPIM Asia Awards. This qualifies the 33-storey office building to vie for gold against two other shortlisted development: the Tianjin Global Financial Center in China and the 50 Connaught Road Central Building in Hong Kong. The building, located at the intersection of Makati Avenue and Paseo de Roxas, was developed by Bridgebury Realty Corp. and designed by architecture firm Skidmore, Owings & Merrill LLP. It is the first real estate development in the Philippines to be recognized by MIPIM. "The Zuellig Building's commitment to environmental …
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Ayala to bid LRT-1 from Baclaran to Bacoor Cavite

MANILA, Philippines - Aiming to sustain its growth momentum on the back of a vibrant local economy, Ayala Corp. is shelling out $500 million in the energy space over the next five years in line with its goal to build a portfolio of around 1,000 megawatts of power capacity. Ayala Corp. also said it would bid for road, rail and other transport projects. In a briefing following the company’s annual stockholders meeting yesterday, Ayala chairman Jaime Augusto Zobel De Ayala said the group is raising its capital spending by 38 percent this year to a record P91 billion, bulk of which will be used to develop a record number of residential units and for the modernization of its telecommunications network and investments in the water business. The conglomerate said it is prepared to bid for the contract to extend and manage the Light Rail Transt Line 1 (LRT 1). The government said it will start the bidding process for the P61.53 billion LRT 1 South Extension project from Baclar…
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