Manufacturing grew faster in May—PSA IN BRIEF

MAJOR oil player Petron Corp. said Friday it raised P14 billion from its perpetual preferred shares offering. It said the initial base offer of P12.5 billion was oversubscribed by P1.5 billion, affirming the positive and continued support of institutional and retail investors for Petron.

“We’re grateful and at the same time, humbled by the strong response of the investment community. Results such as this move us to pursue projects that will ensure our growth and sustainability in the long haul,” said Petron president and chief executive Ramon Ang.

COURTESY VISIT. Key officials and alternate board of directors of the National Home Mortgage Finance Corp. pay a courtesy visit to newly-appointed Bangko Sentral ng Pilipinas Governor Eli Remolona (fifth from left). NHMFC is the sole government entity engaged in securitization. With Remolona are (from left) Gaudencio Hernandez, vice president Ma. Luisa Favila, Department of Finance assistant secretary Glenda Rumohr, NHMFC president Renato Tobias, BSP Deputy Governor Bernadette Romulo-Puyat, Department of Human Settlements and Urban Development assistant secretary Krizzy Crawford De Leon, NHMFC vice president Carolina Cortez, vice president Ma. Victoria Alpajaro and acting corporate secretary Joshua Emmanuel Cariño.