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Briefs: Phoenix Petroleum raises P7B from preferred shares




Phoenix Petroleum Philippines, Inc. held a ceremonial bell ringing at the Philippine Stock Exchange (PSE) on Thursday after the company raised P7 billion from the issuance of its Series 4 preferred shares.

“I am optimistic that the company will continue its growth trajectory particularly as it intends to use a portion of the proceeds from this offering for depot and network expansion and improvements. I am told that there are terminal upgrades in Batangas and Misamis Oriental, while new terminals will be constructed in General Santos and Cebu. The company will also utilize the funds to reimburse advances to its subsidiaries, including its foreign subsidiaries. As you may know, Phoenix has presence in Singapore, Indonesia and most recently, in Vietnam,” PSE chairman Jose Pardo said in his welcome remarks during the event.

Shown in the photo (from left) PNX chief operating officer Henry Albert Fadullon; PNX SVP for External Affairs, Business Development, and Security Atty. Alan Raymond Zorrilla; PNX director Monico Jacob; PNX Treasurer and chief finance officer Concepcion de Claro; PNX chairman Domingo Uy; and PNX president and chief executive officer Dennis Uy; PSE Chairman Jose Pardo; PSE Directors Ma. Vivian Yuchengco, Wilson Sy, Roberto Cecilio Lim; PSE chief operating officer Atty. Roel Refran and PSE director Alejandro Yu.

PH-China art showcase in Shenzhen

At the China leg of “In Harmony with Nature,” five Filipino artists and five Chinese artists collaborate for an exhibit that seeks to promote environmental awareness, stewardship, and green living in both countries.

Organized by Bank of China Manila, together with the Metropolitan Museum of Manila (MET), the Chinese Culture and Art Association, and the China Daily Asia Pacific, the art exhibit is part of a cultural exchange program that seeks to unveil the subtle similarities shared by two neighboring—but culturally different—countries. As testament to this ambition, both exhibitions featured collaborative paintings involving all 10 artists during the gallery openings at the MET and the Art Wharf. The resulting works showcased an amalgamation of perspectives about man and the environment—showing how different visions come together to showcase harmony.

Photo shows Program organizers join the artists after their collaborative painting session in Shenzhen, China. From L-R: Norberto Carating; Phyllis Zaballero; Ding Jie; Cai Zhixin; Zhou Li, Editor-in-Chief of China Daily Asia Pacific; Tina Colayco, President of MET; Deng Jun, Country Head of Bank of China Limited, Manila Branch; Rico Lascano; Manuel Baldemor; Zhou Yanzhao, President of Chinese Culture and Art Association (CCAA) Limited; Hao Ping; Jonahmar Salvosa; Liu She; and Kuku Chai.

Christmas at the SM Mall of Asia

The SM Mall of Asia recently launched its Christmas festivities opening doors to amazing activities to bring happiness and cheer to its shoppers. This began with the lighting of the 60-foot Christmas tree with live performances by the Manila Philharmonic Orchestra and UST Choir and the first ever state-of –the-art Indoor and Music Lights Show. Photo shows Santa leading the celebrations underneath the tree amidst the confetti.

Duty Free Philippines pre-Christmas sale

Duty Free Philippines (DFP) is holding a big 2-day pre-Christmas sale from 9 and 10 November 2019 at Duty Free Fiestamall in Parañaque City.

Enjoy up to 60 percent on home furnishing; up to 50 percent on eyewear; 30 percent on chocolate bundles, bags, shoes, watches, perfumes, and cosmetics; up to 25 percent on Keleo Jewelries; up to 20 percent on sporting apparel, sneakers, sports shoes, and Lacoste; up to 15 percent on wines and liquor; and 10 percent on all grocery items; and up to 10 percent on appliances, consumer electronics, toys, and baby essentials.

Shoppers can take advantage of buy-one-get-one deals on selected Everlast products.

Overseas Filipino workers (OFW) and balikbayans who wish to start a business and make money this Christmas season and all-year-round can avail of up to 30 percent discount on e-bikes; up to 10 percent on popcorn maker, potato cutter, shawarma machine, fryer, hotdog roller, ice cream machine, crepe machine, candy floss maker, chicken rotisserie, rice mill, e-bikes and commercial laundry machine.

OFW certified by the Philippine Overseas Employment Administration, Overseas Worker Welfare Administration, Philippine Overseas Labor Officer or by the embassy/consulate of the Philippines in the country where he or she had been deployed, may opt to endorse in writing the Kabuhayan shopping privilege to his or her immediate family members within the second degree of consanguinity or affinity.

China state-owned media seeks strong Manila cooperation

The Philippines and Chinese government sought to sustain cooperation in the media and communications industry as relations between the two countries continue to strengthen.

Presidential Communications Operation Office (PCOO) Secretary Martin Andanar said he hopes to maintain the good relationship between China’s government-owned media outfits and the Philippine media, during the China Media Group’s (CMG) courtesy visit on Thursday, 7 November at the Philippine Information Agency headquarters in Quezon City.

“The cooperation between the Philippines media and Chinese media escalated to levels that are unheard of,” he said.

“We hope that even with the departure of Ambassador Zhao [Jianhua], we can maintain the same good relationship,” Secretary Andanar added.

The PCOO chief also expressed gratitude for the fair coverage of developments in the Philippines by CMG-member outlets such as China Central Television (CCTV), China Global Television Network (CGTN), and China Radio International (CRI).

“We are very grateful for the commitment of CMG. I experience very good coverage from CCTV, CRI, whenever I go [to] different parts of the world,” he said.

Andanar also attributed the good coverage to the close relationship forged between the two countries under the Duterte administration.

“The relationships of the Philippines and China has elevated to a new level since President Duterte was elected into office,” he said.

Meanwhile, the CMG delegation—led by Huang Chuanfang who is a member of its editorial board—thanked the Philippine government for supporting their journalists when seeking requests for interviews, helping to give them deeper understanding on local issues.

“We saw our reports by our journalists in the Philippines from CCTV and CRI. From their reports, which are very newsworthy, [they] show us that they have a deeper understanding,” he said.

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