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 Employers Confederation of the Philippines (ECOP) is calling for sweeping reforms to make the Philippine economy more dynamic, resilient, and attractive to investors.
The Philippines made a bold statement in the global sustainable fashion scene, raking in over USD322,000 in export sales at the Hong Kong Fashion and Home Expo 2026. Led by the Department of Trade and Industry (DTI) and CITEM, the delegation showcased the country’s unique blend of heritage, innovation, and eco-conscious design.
SM Hotels and Conventions Corporation (SMHCC) has appointed Kits Pinga as the new club general manager of Pico de Loro Beach & Country Club, signaling a renewed commitment to operational excellence and enriched member experiences across its leisure portfolio.
The Fertilizer and Pesticide Authority (FPA) has suspended five fertilizer companies for violating fertilizer laws and policies, including selling counterfeit or substandard products, mislabeling goods, blocking official inspections, and moving items under regulatory hold. Some of these firms previously took part in government procurement and subsidy programs.