Udenna Interested in Becoming NMP

Udenna Corp., the parent company of Phoenix Petroleum Philippines Inc. (PSE: PNX) and Chelsea Logistics Holdings Corp. (PSE: CLC), expressed earlier its interest to participate in the Philippine Government’s plan to bring in a New Major Player (NMP), and its recent purchase of selection documents from the National Telecommunications Commission (NTC) yesterday, October 8, 2018, is […]
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Phoenix Petroleum Inks Joint Venture Agreement

The Board of Directors of Phoenix Petroleum Philippines Inc. (PSE: PNX) has approved and authorized the execution of a joint venture agreement with TIPCO Asphalt Public Co. Ltd and Carlito B. Castrillo of PhilAsphalt (Dev’t) Corp. for the purpose of operating, marketing and distribution of Bitumen and Bitumen-related products in the Philippines. Related Articles:Udenna Interested […]
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SIAL CVS, FamilyMart, and ITOCHU Completes Sale of PFM to Phoenix Petroleum

SIAL CVS Retailers Inc., FamilyMart Co. Ltd, and ITOCHU Corp. have concluded the transaction to sell 100% of the outstanding shares of Philippine FamilyMart CVS Inc. (PFM) to Phoenix Petroleum Philippines Inc. (PSE: PXP), further to a Memorandum of Agreement (MOA) entered into by the parties last October 30, 2017. PFM is the official Area […]
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PHStocks Exclusive: Top 30 Strongest Stocks in 2017

Another year of trading is over. The Philippine Stock Exchange (PSE) index finished 2017 at a record high 8,558.42 on Friday, 29 December 2017. It was the 14th time that the index closed at a record high during the year. For 2017, the index gained 25%. Of course, it’s also that time of the year […]
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Phoenix Petroleum Board Approves Acquisition of PDB’s LPG Business in the Philippines

Davao—(PHStocks)—The Board of Directors of Phoenix Petroleum Philippines Inc. (PSE: PNX) has announced that on July 5, 2017 it has approved and authorized the execution of two agreements for the purchase of: (1) 100% shares owned by PDB Netherlands in Petronas Energy Philippines Inc. (PEPI); and, (2) 100% shares in Duta Inc., for a total […]
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PH Stocks Recover

Manila—(PHStocks)—Philippine stocks recover Wednesday, 5 July 2017, after two days of decline. The benchmark Philippine Stock Exchange index (PSEi) edged higher by 0.19% or 14.88 points to close today’s trading at 7,848.84. The wider all shares index gained 15.8 points to close at 4,712.7. All counters are in the green, led by the Industrials, which […]
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Phoenix Petroleum Inaugurates New Terminal in Cebu

Davao—(PHStocks)—Phoenix Petroleum Philippines (PSE: PNX) inaugurates today, June 29, 2017, its newest terminal, in Consolacion, Cebu. It is Phoenix Petroleum’s ninth facility in the country and its largest in the Visayas. The new terminal has a capacity of 15 million liters and can store diesel, gasoline, jet fuel, special fuel oil, and industrial fuel oil. […]
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Phoenix Petroleum Fuels Country’s Largest Humanitarian Ship

Davao—(PHStocks)—Phoenix Petroleum Philippines Inc. (PSE: PNX) fuels the M/V Amazing Grace, the country’s first and biggest humanitarian vessel, in support of safety and disaster relief. The leading independent and fastest-growing oil company in the Philippines is donating PhP25 million worth of fuels, lubricants, and technical services for the vessel recently launched by the Philippine Red […]
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