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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CNOOC Deploys Team for LNG Deal

By Myrna M. Velasco, Manila Bulletin The China National Offshore Oil Corp. (CNOOC) has deployed its team in firming up a deal with Filipino firm Phoenix Petroleum Philippines Inc. (PSE: PNX) on the targeted venture of putting up a liquefied natural gas (LNG) terminal in the country. The CNOOC team in the Philippines, according to […]
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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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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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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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PHStocks Exclusive: Top 30 Best Performing Stocks in May 2017

Manila—(PHStocks)—The PHStocks top performers and losers list returns after several months of absence. As always, the list is based on the price performance of stocks based on their closing price at the last trading day of the prior month and their closing price at the last trading day of the month in review. So, without […]
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