DOLE Central Luzon announces Labor Day job fairs

SAN FERNANDO CITY, Pampanga – The Department of Labor and Employment (DOLE) in Central Luzon continues to invite repatriated overseas Filipino workers, fresh college graduates and other jobseekers to attend the government sponsored 2011 Labor Day job fairs.

DOLE regional information officer Jerry Borja said the May 1 activity will simultaneously be held in the following venues: Bataan People’s Center in Balanga City; Freedom Park in Cabanatuan City; Rizal Triangle in Olongapo City; SM Marilao, SM Baliwag; SM Pampanga; and Camp Aquino in Tarlac.

Borja revealed that thousands of overseas and local careers will be offered by companies from the Business Process Outsourcing, Banking, Hotel, IT, and Manufacturing sectors.

Interested applicants are advised to bring their resume, ID pictures, transcript of records or diploma, and clearances.

Borja reminds jobseekers that they will only be entertained from 8:00 a.m. to 5:00 p.m. He also reiterated that they will not be charging any application, entrance, and registration fees from them.

source: http://www.philstar.com/Article.aspx?articleId=679419&publicationSubCategoryId=200

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Posted in: business,companies,DOLE,job seekers,jobs,labor,Outsourcing,simultaneously,workers

Firms in Limay reminded to help protect environment

LIMAY, Bataan, Philippines – In keeping with Earth Day as celebrated around the world last Friday, Mayor Ver Roque urged multi-national companies operating in this industrial town to help him protect the environment.

Roque said that while he considers investors as partners of this town in progress, good business managers are responsible for caring for “mother nature” and ensuring the health of its residents.

His appeal comes in the light of the P78-billion expansion program of Petron Corporation for plant in this town.

The mayor said he is confident that with the support his administration is giving to investors like Petron, they will, in return, ensure that the health of the environment and his constituents are not compromised.

Recently, Roque joined Petron executives at the launching of Phase 2 of the oil firm’s refinery upgrade, which is targeted for completion by the end of 2014.

In his bid to give priority to his constituents in terms of employment, Roque and the Sangguniang Bayan headed by Vice Mayor Remigio Tayag, Jr., adopted a resolution urging multi-national companies operating here to give employment priority to Limay residents.

- by: MAR T. SUPNAD



source: http://www.mb.com.ph/articles/315330/firms-limay-reminded-help-protect-environment

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Posted in: Bataan refinery,business,celebrate,companies,health,health care,investment,investors,refinery

S.Korea's Daelim Industrial wins $317-M Limay project

MANILA, Philippines (UPDATED) - South Korea's Daelim Industrial Co Ltd said in a regulatory filing on Friday that it had signed a 345.3 billion won ($317 million) deal to build a petrochemical plant in Limay, Bataan.

Daelim said it would complete the plant by November under a deal with Petron, the Philippines' largest oil refining firm.

Petron Corp, which has a refinery and soon, an oil depot, in Limay has been making moves to enter the petrochemical market to complement its presence in the petroleum market.

Bataan hosts a petrochemical industrial estate, which has been envisioned to house the first world-class petroleum complex in the Philippines.

Petrochem in Philippines

The Philippines is one of the few among ASEAN countries without an integrated petrochemical industry.

In the Asia Petrochemicals Business Environment Rankings matrix of research firm Business Monitor International (BMI), the Philippines comes 11th out of 12 countries, with 39.3 points. This puts it 7.1 points behind Indonesia and 8.8 points ahead of Vietnam.

"The Philippines petrochemicals sector suffers from a lack of locally available feedstock and a relatively small and inefficient local polymers manufacturing base, which is incapable of supplying the plastics industry. If announced plans for petrochemicals expansion come to fruition, the country could climb up the rankings, but it is unlikely to exceed India’s score," according to BMI's "Philippines Petrochemicals Report Q1 2011"

"Nevertheless, the Philippines has a supportive business environment in which the petrochemicals industry can grow," it added.

Currently, the Philippines' petrochemicals industry is dependent on ethylene imports, thus is vulnerable to external factors, particularly exchange rate fluctuations, BMI said.

JG Summit Petrochemical Corporation, a unit of the Gokongwei-led holding company, has a petrochem plant in Brgy. Simlong in Batangas, about 125 km south of Manila. This joint venture between JG Summit Holdings Inc. and Marubeni Corp manufactures and supplies polyolefin products in the Philippines.

Limay lies along the Manila Bay side of Batan province.
- with Reuters, Agence France-Presse

source: http://www.abs-cbnnews.com/business/04/08/11/skoreas-daelim-industrial-wins-317-m-limay-project

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Posted in: business,environment,investment,petrochemicals,South Korea's Daelim,South Korea's industrial

Petron unveils ambitious refinery expansion plan

Targeted for completion by 2014, Petron Corp. on Wednesday said it has unveiled its most ambitious investment to date – a refinery expansion project (RMP-2) that commemorates the Petron Bataan refinery’s (PBR) 50th anniversary.

"The decision to undertake this massive project was borne out of the vision to make Petron Bataan Refinery among the best in Asia," Petron Chairman and CEO Ramon S. Ang said in a statement. "From a national perspective, this major investment underscores our belief in the country's prospects and our strong commitment to significantly contribute to nation-building."

RMP-2 will enhance Petron’s capability to supply the increasing demand for petrochemicals and white products such as LPG, gasoline, diesel. This will enhance the country’s supply security of petroleum products.

Once completed, RMP-2 will enable Petron's Bataan Refinery to "digest" a wider range of crude oils, including those from African sources, giving it greater flexibility to source cost-efficient crude oil types from any part of the world.

Petron's operational efficiency will also improve significantly since the project will allow the full "conversion" of all remaining black streams into high-margin white products and petrochemicals. This means that the company can run its refinery 100 percent without incurring penalties from producing low-value fuel oil.

The project will increase current propylene production by nearly 200 percent.

RMP-2 will double Petron's refining complexity, enabling it to compete more effectively with refineries in the Asia-Pacific region.

Best of all, RMP-2 will enable local production of fuels that meet the global clean air standard of the future – Euro 5. This will improve the country’s air quality, according to Petron.

Petron will partner with companies Axens, UOP, CBI Lummus, Foster Wheeler, and Daelim – leading global technology and engineering companies focused on petrochemical production and refinement.

"The RMP-2 project supports Petron's strategic initiatives namely our retail network expansion program, the integration of our petrochemicals business, and increasing our presence in the export market. These are aimed at ensuring its growth momentum over the long-term." Ang said.

By the end of 2010, the company already had over 1,700 service stations – by far the largest in the country.

The country's fuel demand is expected to increase as the economy continues to grow. — AY/VS, GMA News

source: http://www.gmanews.tv/story/217098/business/petron-unveils-ambitious-refinery-expansion-plan

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Posted in: Bataan refinery,business,petrochemicals,Petron,refinery

Manila's Petron to spend $1.8 bln to expand refinery

(Reuters) - The Philippines' Petron Corp will spend around $1.8 billion to upgrade its oil refinery in Bataan, northwest of Manila, as it seeks to boost long-term growth, chairman Ramon Ang said on Wednesday.

The country's top oil firm said the project will enhance the country's oil supply security and its capacity to meet the growing demand for white products such as liquefied petroleum gas, gasoline and diesel, and petrochemicals.

The expanded facility, which currently has a 180,000 barrel-per-day capacity, would allow Petron to "digest" a wider range of crude oils, including from African sources, Ang said at a company event at the refinery.

Petron, controlled by local conglomerate San Miguel Corp , buys most of its crude supply from Saudi Arabia.

Ang, who is also president of San Miguel, said the refinery upgrade supported Petron's strategic initiatives including its retail expansion programme and the integration of its petrochemicals business.

Shares in Petron rose 0.14 percent on Wednesday, underperforming the broader market's 1.09 percent advance. The stock has fallen 25.5 percent so far in 2011, while the broader market is up 0.3 percent. (Reporting by Erik dela Cruz; Editing by John Mair)



source: http://www.reuters.com/article/2011/04/06/petron-idUSL3E7F605B20110406

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Posted in: Bataan refinery,business,gasoline,gasoline production,Petron,refinery

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Related Links;



Bataan Provincial Investment Promotion Plan (2008-2010)
Strategic Location of the Province
Proximity & Accessibility
Water & Power Utilities
Agricultural Produce
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Posted in: business,entrepreneur,entrepreneurship,incentives,investment,investors,small enterprise

Investment Generation Activities

Despite the absence of a Local Investment Incentives Code, Bataan was able to generate new investments and encourage existing industries to expand on their operations. Take the case of the Petron Bataan Refinery who infused another multi-million dollar investment on petrochemical feedstock facilities, the Petro Fluidized Catalytic Cracking Unit and Propylene Recovery Unit. Another one is the PNOC Alternative Fuels Corporation that will use Jatropha plants as source of biofuels, which is located inside the PNOC Petrochemical Park in Mariveles. The Ayala Land Corporation, developer of Anvaya Cove, the most complete leisure park in Asia which is located in Morong town. The operation of the new P650-million San Miguel Foods Incorporated, a producer of animal feeds where half of its production is intended for its own feed requirements bannered by SMC B-Meg Feed Mill, is another locator in Mariveles.

Governor Enrique T. Garcia Jr is the number one investment promotion officer of the Province. Middle of 2007, the Governor together with Congressman Abet Garcia, Mayor Joet Garcia and Mayor Jessie Concepcion were invited by the Chinese government to observe the operation of power plants in China. The China trip produced an agreement between Bataan and the Chinese Government to establish a 600 megawatt, $822-million clean coal-fired power plant in Mariveles. The project will be undertaken through GN Powers Corp., a power utility company affiliated with Hydro Mac, a corporation owned by the Republic of China.

This only shows that investors are not only after the fiscal or tax incentives an LGU can offer. They give more considerations on the location, the skilled manpower, availability of raw materials for their businesses, the peace and order situation, accessibility to airport and seaport facilities (Subic, Clark and Manila), infrastructure facilities, good road network, and the presence of multi-national industries that give credence to Bataan as a complete investment destination.

On the LGU side, Bataan implements the best streamlined procedure on the issuance of business permits and licenses. The nightmare of most businessmen in securing necessary business documents is now over with the presence of twelve (12) Business-One-Stop-Shops, ideal and traditional, province wide.

The Provincial government may also provide the following:

1. Support to maintain industrial peace and security;

2. Assistance in securing direct source of electric power, water supply, and telecommunication services;

3. Assist in site selection and facilitates negotiation for Road-Right–of- Way;

4. Assist in labor recruitment and arbitration;

5. Assistance in the negotiation of special rates for industries with a minimum load of at least 1000 kilowatts; and

6. Other assistance as the Provincial Government may provide.




Related Links:


Bataan Provincial Investment Promotion Plan (2008-2010)
Strategic Location of the Province
Proximity & Accessibility
Water & Power Utilities
Agricultural Produce
Cost of Doing Business
Investment Areas
Investment Priority Areas
Investment Incentives

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Posted in: Assistance,Bataan refinery,business,investment,investors,petrochemicals,Petron,refinery