Tag: PXP Energy

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PXP boosts stake in Forum Energy assets

Energy & Mining Context.ph Context.ph -
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 widens 1H loss on weaker oil

Energy & Mining Context.ph Context.ph -
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 widens loss on weaker Galoc output, lower oil price

Corporate Context.ph Context.ph -
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.

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Metrobank reports ₱12.6B profit in Q1 2026

Corporate 0
Metropolitan Bank & Trust Co. (Metrobank) posted a net income of ₱12.6 billion in the first quarter of 2026, supported by steady asset growth, improved margins, and higher fee-based income.

Inflation hits 3-year high on oil shocks, policy tightening eyed

Economy 0
Philippine inflation surged to a three-year high in April, exceeding expectations and strengthening the case for further monetary tightening, according to data released by the Philippine Statistics Authority.

TESDA, Nestlé expand coffee training for farmers 

Agriculture 0
The Technical Education and Skills Development Authority (TESDA) and Nestlé Philippines are ramping up a joint initiative to upskill Filipino coffee farmers, aiming to boost productivity, enhance bean quality, and create more sustainable livelihoods in rural communities.

Agricultural trade deficit widens in March to $1.17B

Agriculture 0
The Philippines’ agricultural trade deficit widened sharply in March as import growth continued to outpace exports, highlighting persistent supply constraints despite rising overall trade, according to the Philippine Statistics Authority.

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