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.
Alfamart Trading Philippines, Inc., the SM Group’s minimart chain, is strengthening its nationwide retail operations through its long-running partnership with PLDT Enterprise and Smart Communications.
LG Electronics showcased its latest AI-powered home innovations at the LG InnoFest 2026 APAC event in Busan, Korea, highlighting smart and practical technologies designed for Asian households, including Filipino families.
Investment approvals at the Philippine Economic Zone Authority (PEZA) skyrocketed in April, jumping to P63.9 billion from just P4.6 billion in the same month last year. The surge was driven by 26 newly approved projects, signaling strong investor confidence in the country’s economic zones.