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.
Ashfall and ongoing volcanic activity from Mayon Volcano have damaged farms in Albay, affecting hundreds of farmers and causing millions of pesos in losses, according to the Department of Agriculture (DA).
The Department of Agriculture (DA) has set aside P2.5 billion for a farm-to-market road network in Sultan Kudarat to help expand coffee production and improve access to remote farming areas.
The Philippines and Vietnam have strengthened their agricultural partnership by securing a major rice supply agreement during talks held on the sidelines of the ASEAN Summit in Cebu.