On the back of a surge in petrochemicals end-markets, the Philippines JG Summit Holdings is preparing for a major expansion of its recently established petrochemicals complex, which is running at ------ capacity. The new production streams will add value to basic chemicals and provide opportunities for greater diversification in the industry. ...At the end of the cracker s expansion, its pygas yield will increase to about ---,--tpa, while its mixed C- output will rise to about ---,-------,---tpa. The Philippines Petrochemicals Risk/Reward Index (RRI) has been revised down -.- points this quarter due to a -.- points decline in its Country Risk rating, although this is partly offset by a -.- points improvement in its market risk rating. The country enjoys positive scores for market risk, and recent growth in capacity has bolstered its potential for further downstream diversification. The Philippines has a supportive business environment in which the petrochemicals industry can grow.
...President Benigno Aquino III of the Liberal Party has sought to root out the excesses of the preceding administration, which could help to recover resources lost to corruption in past years. Tentative plans to adopt a parliamentary-style constitution, a process referred to locally as charter change, or cha cha , could reduce the concentration of executive power. Plans to eventually move towards a federal structure would decentralise political power and very likely improve regional governance. Development plans are on the cards following the government s signing of the final comprehensive peace deal with the nation s largest Muslim rebel force, the Moro Islamic Liberation Front. The government is also seeking a peace agreement with the communist New People s Army, which also poses a threat in the region, but progress has been slow. ...Development plans are on the cards following the government s signing of the final comprehensive peace deal with the nation s largest Muslim rebel force, the Moro Islamic Liberation Front. The government is also seeking a peace agreement with the communist New People s Army, which also poses a threat in the region, but progress has been slow.
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