PXP Energy Corp., the listed oil and gas exploration firm of the MVP Group, said Friday it has raised its stake in FEC Resources Inc. to 81.25 percent from 78.39 percent by converting USD1.16 million in loans into 131.6 million new shares.
PXP Energy Corpo. reported a core net loss of P21.1 million in the first half of 2025, more than double the P9.5 million loss from the same period last year, due to weaker crude prices, lower Galoc volumes, and rising production costs.
PXP Energy Corp., a publicly listed oil and gas exploration firm, reported a first-quarter net loss of P9.4 million, significantly wider than the P2.6 million loss posted during the same period last year.
DMCI Mining Corp., a leading Philippine nickel producer operating through Zambales Diversified Metals Corp. (ZDMC) and Berong Nickel Corp., welcomed the recent surge in nickel prices, but company leadership emphasized that market performance is not driving its expansion plans.
The Bank of the Philippine Islands (BPI) is strengthening its digital banking services for businesses through the Express Check Deposit feature on the BPI BizLink platform.
The Philippine Chamber of Commerce and Industry (PCCI) on Tuesday urged the government to adopt a bold national energy strategy anchored on three key pillars to ensure reliable, affordable, and sustainable power for the country.