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Regarding negotiations with CNOOC, PXP’s words are out: “to date there are no disclosable information in respect of such ongoing negotiations, including the existence of such ongoing negotiations itself”

Among the areas in the South China Sea, Reed Bank is the most promising area for oil and gas exploration.  Reed Bank/Recto Bank is said to contain most of the oil and natural gas in the South China Sea. For that, China is not keen on giving their claim to the area without participation inContinue reading “Regarding negotiations with CNOOC, PXP’s words are out: “to date there are no disclosable information in respect of such ongoing negotiations, including the existence of such ongoing negotiations itself””

PLDT (TEL) after shedding assets, buying Sky Cable from ABS?

Someone has said that in deal making, if you are a buyer pretend to be a seller and if you are a seller pretend to be a buyer. After Business World has reported that the Philippine Competition Commission (PCC) green-lit DMC Urban Property Developers, Inc.’s acquisition of Smart Towers, the Makati-based office building assets ofContinue reading “PLDT (TEL) after shedding assets, buying Sky Cable from ABS?”

PLDT (TEL) sells Smart Towers as it addresses triple threat

It was reported that DMC Urban Property Developers, Inc.’s acquisition of PLDT’s (TEL) Smart Towers office building and the land they are built on has been approved by the Philippine Competition Commission. The sale is amidst the threats TEL is facing. TEL is facing a triple threat – of elevated capital expenditure requirements, elevated debtContinue reading “PLDT (TEL) sells Smart Towers as it addresses triple threat”