Senator Juan Miguel “Migz” Zubiri has sponsored a measure that seeks to amend the Freeport Area of Bataan Act to further strengthen the Authority of the Freeport Area of Bataan (AFAB), emphasizing that enhancing its powers will pave the way for more investments and job opportunities while...
Leading oil firm Petron Corporation is scheduling the redemption of its Series 2B preferred shares by November 3 this year at a redemption price of P1,000.00 per share. In a disclosure to the Philippine Stock Exchange (PSE), the company noted that it already “commenced delivery of its notice of...
Filipino firm Citicore Power Inc. has finished the installation of solar rooftops that will provide the electricity needs of at least eight (8) buildings in the domain of the Authority of the Freeport Area of Bataan (AFAB), an economic zone north of Manila. The completed portion of the project has...
Leading oil firm Petron Corporation will be issuing P50 billion worth of peso-denominated fixed rate bonds – and the initial tranche to be offered to the public will be P18 billion. In a disclosure to the Philippine Stock Exchange (PSE), the oil company emphasized that it will slate P50 billion...
The Authority of the Freeport Area of Bataan (AFAB) expressed satisfaction over the responses of two of its registered firms alleged involved in fuel smuggling activities in certain ports. In a statement, AFAB said Seasia Nectar Port Services Inc. (SNPSI) and Seafront Shipyard and Port Terminal...
The Authority of the Freeport Area of Bataan (AFAB) is joining the digital bandwagon as it shifting focus on attracting financial technology (fintech) firms engaged in blockchain, distributed ledgers and other fintech solutions firms from emerging digital econoImies to locate operations in the...
Leading oil firm Petron Corporation rescued the country’s only petroleum refining facility from near-shutdown after securing approval on its application as registered enterprise of the Authority of the Freeport Area of Bataan (AFAB). The non-closure of its refinery business was confirmed by...
