The President has accepted the resignations of Rufino B. Bomasang, president and chief executive officer of the PNOC-Exploration Corporation, and Jose A. Gangan, president and chief operating officer of the PNOC-Petrochemical Development Corporation, Press Secretary Ignacio Bunye said Monday.
The two top officials of state-owned Philippine National Oil Co. (PNOC) have quit their posts in the wake of President Gloria Macapagal-Arroyo's order to review the performance of government-owned and -controlled corporations and government financing institutions. [source]
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