The two most recent significant business development in the country are the formation of a third telco to challenge the duopoly and resumption of the exploration and development of the Reed/Recto Bank oil and gas prospects as the Malampaya gas is nearing depletion. The government assembled a sizable spectrum and awarded the same to the […]
Chinese dilemma in oil & gas exploration in South China Sea Among the areas in the South China Sea, Reed Bank is the most promising area for oil and gas exploration. Recto Bank is said to contain most of the oil and natural gas in the South China Sea. For this fact, China is not […]
Among the areas in the South China Sea, Reed Bank is the most promising area for oil and gas exploration. Recto Bank is said to contain most of the oil and natural gas in the South China Sea. Exploration in Reed Bank is covered by Service Contract 72 which is being operated by Forum Energy […]
Prior to the entry of Dennison Holdings Corporation in August 2018, DITO CME HOLDINGS CORP. (DITO) was a shell company holding cash of around 1.1 Billion Pesos and some available-for-sale securities/financial assets valued at around 360 Million Pesos. In August 2018, Dennison Holdings Corporation infused capital to DITO in the amount of 1.3 Billion Pesos […]
