BIZ BUZZ: PNOC vs Petron: P100B in property assets at stake

The government stands to lose P100 billion worth of real estate assets—summing up to 357 hectares (ha) comprising refinery lots in Bataan, 23 bulk plant sites and 66 service station lots across the country—that the courts had ordered state-owned Philippine National Oil Co. (PNOC) to give back to Petron Corp. following a leasing dispute during
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