For sale: Petron?

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Philippine Star

Tycoon Ramon S. Ang, apparently piqued at a proposal to have Petron Corporation sold back to the government, said he had no problem with that. The usually unflappable president and chief executive officer (CEO) of the San Miguel Corp. conglomerate said that the government could have the oil company through a five-year installment payment scheme. Selling back Petron to the government, Ang said, was no problem with him. He made the statement during a hearing of the House committee on ways and means. Some congressmen identified with the Left have filed a bill seeking to re-nationalize Petron. “I …

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