New PNOC president initiates reforms

The new president of Philippine National Oil Co. (PNOC) has reorganized and streamlined the functions of subsidiaries to maximize the government-owned company’s efforts at cutting inefficiencies and managing its finances properly.

“All Department of Energy (DOE) officers and all government-owned and controlled corporations (GOCCs) related to DOE will move as one; we will help each other; there should be no duplication. Before, all the companies of PNOC did not coordinate, but that can’t be the case anymore,” PNOC president and CEO Reuben Lista said in an interview.