Frontier global investment. Best money investments for 2011. Frontier Global Investment
Congratulation Philtranco! Alatco, Pantranco South, Philtranco, Piltranco 1914-2011 97th Anniversary July 6, 1914 1914: a young enterprising American serviceman Albert Louise Ammen together with another American, Max Blouse organized a small transportation company in Iriga, Camarines Sur, with an initial fleet of one (1) auto-truck. He called the company ALATCO or the A.L. Ammen Transport Co., Inc. Its first route was Iriga-Naga. Mr. Ammen's venture into the transport business had become so successful that soon he expanded his fleet to service the other towns of Camarines Sur, Camarines Norte, Albay and Sorsogon. ALATCO became the principal carrier in the Bicol region, inaugurating highway travel that was to open remote villages in the Bicolandia, to the mainstream of economic and social development. 1942: World War II aborted expansion of the transport company. When it resumed operations in 1945 with surplus US Navy trucks bought from the United States Commercial Company, the company was faced with ruinous competition and beset with problems of maintaining its efficiency and safety as a result of her expanded size and nature of operations. 1949: The Heirs of Don Nicasio Tuazon of Manila took over ownership of ALATCO, and, with infusion of new capital, embarked on an ambitious program of expansion and rehabilitation. One important development at this time was the company's "dieselization" Program that converted its gas-powered trucks to diesel. 1952: ALATCO operated four hundred (400) units in its fleet, and it centered its fleet in Iriga. It also maintained subsidiary shops in Daet and Labo, Camarines Norte; Naga City, Camarines Sur; Ligao, Tabaco, and Legaspi in Albay; and Sorsogon and Irosin in Sorsogon. 1953: ALATCO ventured to Quezon province by consolidating into local and express bus operations from three small bus companies servicing the area. It operated under the umbrella of the Eastern Tayabas Bus Co. (ETBCO) headed by Mr. Ramon Soler. EBTCO later entered into a 5-year lease contract with the Laguna Tayabas Bus Company (LTBCO). 1971: ALATCO and ETBCO were sold to the Mantrade Group that formally amalgamated the operations of the two firms into one company. It was named the Pantranco South Express, Inc. (PSEI) to differentiate it from its northern counterpart, which the group then already owned. 1973: Compounded by global crises and steep escalation of fuel costs, PSEI nearly collapsed. The new owners (the Mantrade Group of the Manuel Lopa and Jose Cojuangco families) insisted on providing the service even during floods, road interruptions and bad road conditions. Debt-strapped and traumatized by high operation costs, the company's creditors decided to take over the organization. 1974: The Creditors Syndicate of PSEI decided to develop and implement a Corporate Rehabilitation Program. The same year, the Company added Catanduanes, Samar and Masbate to its scope of operations, having formalized tie-ups with passenger ferry operators in these areas. 1978: PSEI introduced its air-conditioned coaches in its southern route. 1980: The Company expanded its freight service operations and moved its central offices and terminal at its present site in Pasay City. 1981: The Company pioneered in Eastern Visayas and by year-end had connected all of Leyte and Samar provinces to the Luzon mainstream. PSEI also entered the sea transport business with its passenger and vehicle ferry, linking the ports of Matnog, Sorsogon and Allen, Northern Samar. 1982: A new level of service was inaugurated with the addition of Royal Class and new air-conditioned coaches with toilets and VCR's in the company's fleet. PSEI also became the first bus company in the Philippines to computerize its operations. 1984: PSEI, together with two other ferryboat operators, formed a joint venture company, the St. Bernard Services Corporation (SBTC) that now operates in the San Bernardino Strait, with the government ferry boat, Maharlika I. In the same year, the company changed its name to Philtranco Service Enterprises, Incorporated. 1986: Commemorated the first Luzon-Visayas-Mindanao (LUZVIMINDA) run that became the first trans-Philippine bus-cum-ferry-operation. Now PSEI has seven ferryboat operations crossing Matnog and Allen, and Liloan, Southern Leyte and Surigao City, Surigao del Norte. Having opened the southern frontiers of Mindanao to Luzon and Visayas with its inter-modal transport service, Philtranco hopes to contribute its share in effecting the real unification of the nation where the economic, educational, cultural, political and social opportunities are shared by every Filipino. April 1999: Penta Pacific Realty Corporation acquired PSEI headed by businessman Jose C.H. Alvarez. This new group immediately programmed a fleet replacement of 80 units costing PHP250 million. June 2000: The 29-seater Gold Service Bus was introduced, initially serving key cities in the Bicol region, with a coach stewardess as additional crew to assist After years of kissing Gaddafi's ass the West wants to get rid of the tin pot dictator - and face the weapons they SOLD HIM! Iraq part two The Secret of Libya's Liquid Gold Tuesday, April 06, 2010 An infinite wealth of treasure lies in The Elephant Field, 800km south of Tripoli, which was discovered by UK company Lasmo in 1996. The Elephant Field drew a renewed focus upon MENA oil and gas, and showed that there are new possibilities waiting to be found in the face of a global oil crisis. Booming investment within China and India has created a vast amount of pressure on MENA oil reserves, but Libya could hold the solution. There are doubts over Libyan official records regarding their oil and gas reserves; oil and gas experts insist Libya has much higher amount than they are currently prepared to say. Although Libya hopes to reach a target of three million bpd by 2013, this is impossible without foreign investment. Therefore Libya might be a key port of call for the struggling oil and gas industry, which is set to be one of the items up for discussion at the illustrious NGO&G MENA Summit (run by GDS International) being held this week in Doha. The heads of oil companies, and important industry players such as Farouk Al Zanki MD and Chairman of Kuwait National Petroleum Company, Randy Clark CEO of Energistics and Hamed Ibrahim Karim, GM Exploration and PICO Petroleum have united once again at the NGO&G MENA summit to discuss the volatile future of the oil and gas industry. Behind the closed doors of this union the various difficulties faced by erratic regulatory compliance laws, and the ever-important topic of finding more efficient ways to recover oil are up for discussion. Khalid Al-Faleh CFO of Aramco called for oil companies to financially share the burden of the investment required to meet expected demand for oil. Libya is a magnet for oil discovery, and offers not only better routes to Europe and America than The Gulf, but it also could become the final frontier for the entire oil and gas industry. Industry leaders hope that the collaboration at the NGO&G Mena Summit will encourage Libya to be more transparent about their natural resources, and whether the technology solutions discussed increase efficiencies in established oil fields. Similar posts: total investment income cheap stocks to invest pension reserve investment trust corporate investment bank investment adviser codes vc investment criteria msn investment news best gold investment 2011 how to invest book |
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