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.
Globe is expanding vital healthcare access for vulnerable communities through its long-running partnership with the PGH Medical Foundation, Inc. (PGH MFI). Serving over 600,000 patients yearly including charity cases, newborns and emergency cases, Philippine General Hospital is often the only option for low-income Filipinos needing life-saving treatment.
Thousands of volunteers across the country came together for Brigada Eskwela 2026 to get public schools ready for the opening of classes, cleaning facilities, repainting areas, tending gardens and carrying out small repairs. Over 600 BDO employees took part in the effort, donating paint, supplies and vegetable seedlings to support work at six partner schools spanning Metro Manila, Isabela, Misamis Oriental and Negros Oriental. Education officials praised the initiative as proof that the Filipino spirit of bayanihan remains strong, noting the contributions bring hope to learners. BDO representatives thanked school communities and volunteers, adding that the bank’s long-running support for the program reflects how collective action helps build better learning spaces for Filipino youth.
The Philippines has cleared a critical milestone in its drive for greater energy security after Prime Energy completed the month-long maintenance turnaround of the Malampaya Deep Water Gas-to-Power Project, restoring indigenous gas production and preparing the country's biggest gas field for a fresh production boost later this year.
The Philippines has taken its first concrete step toward adopting the OECD-backed Global Minimum Tax, laying the groundwork for a sweeping overhaul of how large multinational companies are taxed and signaling a new era in cross-border corporate taxation.