OTCPK:EUCTF - Post by User
Post by
newdaydawningon Jan 13, 2018 10:57pm
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Post# 27352010
Philippines fuel marking contract...
Philippines fuel marking contract......to be awarded this quarter. This is going to be big deal given that the Philippines loses at least US$565 million dollars in tax revenues annual because of the rampant trade in illicit fuels. Implementation would begin in the second half of this year. If SICPA wins the job, EUO will prosper and the SP should move north quickly. If SICPA is unsucessful, EUO will likely continue to linger at current levels, barring news of an upside surprise.
https://www.dof.gov.ph/taxreform/index.php/2017/11/28/dof-expects-fuel-marking-system-place-2nd-semester-2018/