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.
The Department of Agriculture has lifted its temporary ban on poultry imports from Belgium after Philippine veterinary authorities concluded that the European nation had established sufficient safeguards against High Pathogenicity Avian Influenza (HPAI).
The Filinvest Group inaugurated its first large-scale solar power project, a 20.774-megawatt peak (MWp) facility located in the PHIVIDEC Industrial Estate, Tagoloan, Misamis Oriental.
Isuzu Philippines Corporation (IPC) reinforced its commitment to aftersales excellence with the conclusion of the 21st Isuzu Service Skills Olympics (ISSO), a nationwide program designed to sharpen the technical and customer service capabilities of dealership personnel.
The Aboitiz Foundation is expanding its digital workforce development efforts with AIDA Plus, a new skills-to-employment platform designed to prepare more Filipinos for opportunities in the growing digital economy.