vince ong

13.2K posts

vince ong

vince ong

@vinchie_cebu

Passionate about flying & aviation. Hopeless foodie. Proud to be from Cebu and the Philippines. Curious traveler. Inclusive Fintech advocate.

Cebu, Philippines Katılım Haziran 2009
269 Takip Edilen816 Takipçiler
vince ong
vince ong@vinchie_cebu·
@daxlucas Some countries level the playing field. Some countries level the competition. 😅🙈
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Dax
Dax@daxlucas·
Amazing SG, as usual. "Under the new standard, EVs that can be charged wirelessly do so by simply parking over a charging pad, without needing to plug in." ------ National standard for EV charging upgraded to include new tech such as wireless systems straitstimes.com/singapore/tran…
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vince ong
vince ong@vinchie_cebu·
@HoR_102 I see. Hope this gets fixed soon. This is a potent moat of Petron versus the many “efficient importers” of fuel in PH.
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Nicky Franco
Nicky Franco@HoR_102·
No quick fix. Debris clearing still ongoing as of early Feb and waiting for engineering firms' cost estimates. It's a completely new build; fabrication/delivery/installation probably taking until end-2026. Petron Malaysia will likely post a loss this year and be a drag to $PCOR.
Nicky Franco tweet media
vince ong@vinchie_cebu

@HoR_102 @shawnyao Doesn’t take long the fix a jetty. And they are a strong player also in the downstream oil industry in Malaysia …so they have options if they want

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vince ong
vince ong@vinchie_cebu·
@shawnyao @TheEconomist POGOs were just concentrated on certain geographies. But “fruits” of corruption are being parked nationwide in as every city has their “Forbes Park”. How I wish they just placed their windfall in businesses like in other developing countries; would have benefited more Filipinos
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The Economist
The Economist@TheEconomist·
The greatest challenge for Asia’s metropolises is a shortage of decent and affordable housing. Fixing that would improve millions of lives. To find out how, register to continue reading (it’s free) econ.st/4uMPi2F
The Economist tweet media
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vince ong
vince ong@vinchie_cebu·
@HoR_102 @shawnyao Doesn’t take long the fix a jetty. And they are a strong player also in the downstream oil industry in Malaysia …so they have options if they want
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Nicky Franco
Nicky Franco@HoR_102·
$PCOR has a smaller refinery in Malaysia, one of the few countries which has not imposed export restrictions. Unfortunately, it has been offline since December because a storm destroyed its jetty. Disclosures were made to Bursa Malaysia but not to the PSE.
Bloomberg@business

Philippine refiner Petron has received a shipment of Russian oil, according to its CEO, after the US issued a waiver allowing the purchase of the crude. bloomberg.com/news/articles/…

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vince ong
vince ong@vinchie_cebu·
@BrianTycangco Good mind conditioning together with ERC statement today. Never underestimate how bad Filipinos are screwed in crisis situations
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Brian Tycangco 鄭彥渊
Brian Tycangco 鄭彥渊@BrianTycangco·
Rising fuel prices are just the start of the impact of the Middle East war on the Philippines. As the crisis runs down the supply chain, it will expose other areas of weakness in the country’s infrastructure and crisis preparedness that were neglected for years with lawmakers and government institutions too focused on money making schemes. Power spikes are a consequence of not having a strategic petroleum reserve built up during times of weak oil prices and a total absence of stress testing the system for potential supply shocks. The government should prevent utilities from raising rates beyond a set limit, and instead provide tax breaks to make up for the short-term losses due to volatile fuel prices.
The Philippine Star@PhilippineStar

LOOMING POWER PRICE SPIKES Electricity prices at the country’s spot market may spike by over P5 per kWh amid global fuel supply disruptions. Citing market simulations, the DOE estimates that getting supply from the spot market could exceed P9 per kWh from the average price of P3.50 per kWh in February. As such, the DOE is pushing for the full dispatch of coal-fired power plants to cushion the increase in prices by up to P2 per kWh. | via @brixlelis

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Noorie lova
Noorie lova@noorielova·
📍Dauis, Bohol, Philippines A place where I truly recharge✨
Noorie lova tweet mediaNoorie lova tweet mediaNoorie lova tweet mediaNoorie lova tweet media
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vince ong
vince ong@vinchie_cebu·
Friend just flew in town in the right private jet… no worries on fuel availability in a @GulfstreamAero G700… when you can land with up to 7 hours of fuel left. 👍🏻
vince ong tweet media
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vince ong
vince ong@vinchie_cebu·
@BrianTycangco And I heard majority of BYD sales are cash…so they are only getting started
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Brian Tycangco 鄭彥渊
Brian Tycangco 鄭彥渊@BrianTycangco·
Friends report that the local Tesla dealer in the Philippines is so packed it looks like an Apple store. But then again, there’s only ONE Tesla dealership in the country. BYD dealers on the other hand are growing like weeds. And they are 3-4 weeks out of stock on many models, waiting for new deliveries from China. $BYDDF $TSLA
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vince ong
vince ong@vinchie_cebu·
@BrianTycangco The elephant in the room. Why is government allowing windfall profits at the expense of its people? 🙈🤷🏻‍♂️
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Brian Tycangco 鄭彥渊
Brian Tycangco 鄭彥渊@BrianTycangco·
Diesel prices do not DOUBLE in just a few weeks if you have 60 days of fuel "reserves". Also, reserves in the Philippines mean those stocks held by private oil companies - not by government. There's a big difference.
ABS-CBN News@ABSCBNNews

LOOK: Here's how long the oil reserves of countries and territories in the Asia-Pacific region will last, based on data from BMI as of March 19, 2026. The Philippine government said its stock of oil will be sufficient for 60 more days. WATCH: youtube.com/watch?v=1unziw…

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vince ong
vince ong@vinchie_cebu·
@daxlucas @boochanco The answer is simple, but hard to execute. Because of addiction to corruption. fuel (mainly diesel)has been the top smuggled product for decades. Why nobody wants to invest in refineries. Aral Aral muna. And bawas bawas muna sa nakaw. Just stop smuggling & squandering
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Dax
Dax@daxlucas·
Excellent piece by @boochanco – a man who was in the thick of things the last time we tried to subsidize petroleum. “There is much to learn from our past if only our government has institutional memory. For our legislators who want to repeal the Oil Deregulation Law, siguro, aral aral muna.” Subsidizing fuel prices philstar.com/business/2026/…
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vince ong
vince ong@vinchie_cebu·
@Trinhnomics You can just imagine what’s happening in the region’s top food importer… Philippines 🙈
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