Dennis Uy-led Phoenix Petroleum posted a Php132 million net income in the second quarter of the year, a turnaround from the Php5 million net loss posted in the same period last year....
Filipino Olympic boxer Nesthy Petecio will also be getting cash incentives, this time worth Php13 million, for her silver finish in the Tokyo games. Manila Electric Company (MERALCO) and PXP Energy’s Manny...
Phoenix Petroleum Philippines of Davao-based businessman Dennis Uy has clarified that the company is not for sale, though investors are welcome to boost capital for further expansion. In a report by The...
The Department of Energy (DOE) has cancelled Phoenix Petroleum Philippines’ application to build a liquefied natural gas (LNG) facility, according to one of its officials. During a Senate hearing on Tuesday, Energy...
Dennis Uy-led Phoenix Petroleum has gone on a “capital light” expansion while implementing a comprehensive financial management program, as it aims to recover from the effects of the COVID-19 pandemic on its business....
The Malampaya gas platform off the coast of Palawan could still produce up to 1.6 trillion cubic feet (TCF), based on estimates and data submitted to the Department of Energy (DOE) by the...
Department of Energy (DOE) Secretary Alfonso Cusi has issued a review of the compliance of power coops to the service requirements of their own franchises. The review will be done after the...
The Department of Energy (DOE) is planning to implement the Green Energy Option Program on the business sector, giving businesses the option to choose cost-efficient renewable energy resources for their energy needs....
Alsons Power Group has received five bid offers to construct its 105 MW coal-fired power plant in Talisayan, Zamboanga City. SRPI Project Manager Archimedes Donatos said that the proposals are for the...
If there are a few words that kept coming out of the Duterte administration since they took office, it’s these: The Philippines is a growing economy. And they are very committed to...
