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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Tala pushes borrower safeguards as digital lending expands

Banking & Insurance 0
As digital lending gains ground in the Philippines, AI-powered lender Tala is urging the industry to put consumer protection on equal footing with credit access, warning that abusive collection practices by rogue operators could erode public confidence in financial technology.

Benoni port makeover opens smoother Camiguin island adventures

Travel & Tourism 0
A trip to Camiguin may soon begin with a better first impression. The newly upgraded Benoni Port is set to make island hopping less about waiting in line and more about getting straight to the White Island sandbar, volcanic springs, waterfalls, and laid-back charm that have made the island one of the country's favorite hidden escapes.

GSIS allots ₱12.62M emergency loan for Puerto Galera amid water shortage

Banking & Insurance 0
The Government Service Insurance System has set aside ₱12.62 million in emergency loans for 485 qualified members and pensioners in Puerto Galera, Oriental Mindoro, which is under a state of calamity due to El Niño-driven dry conditions and water shortages. Eligible active members and old-age or disability pensioners may borrow up to ₱20,000, or up to ₱40,000 to settle existing emergency loans while keeping a net release of ₱20,000. Loans come with a 6 percent annual interest rate, 36-month repayment term, no processing fees, loan redemption insurance, and a two-month grace period for the first payment. Applications will be accepted via the GSIS Touch app until July 24, 2026.

BSP outlines new “rainy day” safety net rules for banks

Banking & Insurance 0
The Bangko Sentral ng Pilipinas (BSP) met with local financial institutions on June 25, 2026, to discuss a key safety measure designed to keep the country's banking system stable during tough economic times.

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