Phoenix Petroleum Philippines Inc. informed the Philippine Stock Exchange (PSE) that it is unable to pay dividends due to its preferred shareholders because it has no unappropriated retained earnings. The PSE had written Phoenix Petroleum, directing it to give an update on the redemption and...
Independent oil firm Phoenix Petroleum Philippines Inc. announced that it is joining the rise of electric vehicle (EV) fleets through a partnership with V-Green Charging Station Development Philippines Inc. In a disclosure to the Philippine Stock Exchange (PSE) on Monday, Aug. 18, Phoenix said it...
Visayas fuel distributor Top Line Business Development Corporation, through subsidiary Light Fuels Corporation, is acquiring the gasoline station of Phoenix Petroleum Philippines, Inc. in Cebu. In a disclosure to the Philippine Stock Exchange, Top Line said its board of directors has unanimously...
The Department of Energy (DOE) has instructed players in the deregulated downstream oil industry to assess the quality of their fuel products before these are retailed to customers – primarily if there had been infiltration of floodwaters in their underground storage facilities or if some...
As it continues to traverse rough financial terrain on its operations, Uy-led Phoenix Petroleum Philippines Inc. indicated that it will be pursuing a sale-and-lease back arrangement for its assets with Sy-controlled BDO, which has been its long term go-to bank for credit line. According to Phoenix...
Dennis Uy’s Phoenix Petroleum Philippine Inc. approved the selling of its ownership stake in PNX Petroleum Singapore Pte. Ltd. via share buy back. “The divestment is consistent with and pursuant to the Liability Management Exercise [LME] in order to generate additional working capital to...
It will be a financially-punishing drive at the petroleum stations, as the price of diesel will rise by as much as P3.50 per liter, while gasoline prices will climb by P2.10 per liter, effective Tuesday, August 1, according to the price adjustment advisories of the oil companies. Additionally, the...
Phoenix Asphalt Philippines, Inc., a subsidiary of listed firm Phoenix Petroleum Philippines Inc., is introducing to market its new asphalt product to be used in airport runways. Phoenix Asphalt explained that its latest product called polymer modified bitumen (PMB) is a kind of bitumen with added...
Listed firm Phoenix Petroleum Philippines Inc. has inked a memorandum of understanding (MOU) with Malaysia’s state-owned Petronas for possible tie-up for the marketing of the latter’s fuel products and introduction of its innovative technology solutions in the Philippine oil sector. In a...
Listed firm Phoenix Petroleum Philippines Inc. further expanded its market share to 8.3 percent in the first half this year from a leaner 7.1 percent last year, securing its stature as the third biggest player in the deregulated downstream oil industry in the country. Phoenix Petroleum Logo Citing...
DIY Cold Patch Mix for potholes in concrete and asphalt-based roads. Offering a new solution to recurring problems in Philippine roads, new asphalt player, Phoenix Asphalt, is introducing an innovative product that aims to provide an effective and durable fix for road potholes. Called Cold Patch...
Marco Gumabao or Vitto Marquez? From four, fiery celebrity racers, only two celebrity racers emerged as the finalists for the Phoenix Pulse Young Drivers’ Program-Celebrity Showdown . Marco Gumabao and Vitto Marquez are the top racers in the Time Trial challenge, which made Kim Baranda and Joshua...
