Business Environment Risks Pose A Threat To Refining Sector Aspirations

BMI View: Philippines' Energy Secretary Jose Rene Almendras' announcement that two foreign companies are considering making significant investments in the country's downstream sector could help reverse the segment's decline. However, without any liberalisation of pricing, and with growing risk of state intervention, these investments may be a long way away from materialising.

To read the full article, please choose one of the following options: