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Phoenix sets ties with Indonesia’s oil firm

DENNIS A. UY-led Phoenix Petroleum Philippines, Inc. continues to expand its business within Southeast Asia as it plans to enter into a partnership with a unit of Indonesia’s state-owned oil company for fuel supply marketing.

Phoenix Petroleum lists P3.1 billion of debt paper at PDEx

PHOENIX PETROLEUM Philippines, Inc. has listed P3.1 billion in securities on the Philippine Dealing and Exchange Corp. (PDEx), which it plans to use to fund its fuel and lubricant imports.

Phoenix to sell P3.5-B debt papers

PHOENIX Petroleum Philippines, Inc. is set to offer up to P3.5 billion of commercial papers under a new debt financing program.

Phoenix launches asphalt facility in Batangas

A UNIT of Phoenix Petroleum Philippines, Inc. said it completed the first phase of construction of its asphalt plant in Batangas which is now supplying products to contractors in the country.

‘Unscathed’ Phoenix reports positive April, May results

Phoenix Petroleum Philippines, Inc. has stayed relatively unscathed, the Davao City-based oil company said, as the coronavirus pandemic persists to challenge an industry that has suffered from a slump in consumer demand.

Phoenix to power GBP Cebu plants

PHOENIX Petroleum Philippines, Inc. is set to power Global Business Power Corp. (GBP) after the firms’ exclusive agreement on Monday.

Phoenix Petroleum inks deal with US-based firm

PHOENIX Petroleum Philippines, Inc. said on Monday a subsidiary signed a memorandum of agreement with a US-based company to bring in power generation sets that run on different gases.

Phoenix Petroleum Q2 net falls 8.4% on strong growth in costs

PHOENIX Petroleum Philippines, Inc. said net profit attributable to the parent firm fell 8.4% in the second quarter to P486.24 million, according to its quarterly financial report, in part as cost and expenses as well as other charges rose during the period.

Ways to increase fuel economy

High fuel prices are a constant source of stress and frustration for car owners. But there are several tried-and-tested steps motorists can take squeeze...

Phoenix to amend China Bank trust agreement

PHOENIX Petroleum Philippines, Inc. is asking the consent of the holders of its P1.375-billion fixed rate notes to adopt certain amendments to the trust agreement between the company and China Banking Corp., it told the stock exchange on Tuesday.

Phoenix Petroleum sees Tianjin facility as model for LNG import terminal

PHOENIX Petroleum Philippines, Inc. has strengthened its partnership with its Chinese counterpart in the planned liquefied natural gas (LNG) import terminal in Batangas with a visit to a facility in Tianjin, China that can serve as a model for the local project.

Phoenix Petroleum assessing proposed areas for retail expansion

DAVAO CITY — Listed independent oil firm Phoenix Petroleum Philippines, Inc. is assessing various locations proposed by potential dealers as part of its expansion program this year, a top company official said yesterday.

Phoenix Petroleum signs MoU with PNOC, CNOOC unit

PHOENIX Petroleum Philippines, Inc. has signed a memorandum of understanding (MoU) with Philippine National Oil Co. (PNOC) and China’s CNOOC Gas and Power Group Co. Ltd. (CNOOC G&P) to jointly explore opportunities in the liquefied natural gas (LNG) hub project, whose main proponent is Davao City businessman Dennis A. Uy.

Phoenix prepares dollar bond issue, opens 1st Autoworx shop

PHOENIX Petroleum Philippines, Inc. has tapped foreign financial institutions to arrange a series of fixed income investor meetings in Manila, Hong Kong and Singapore, possibly resulting in the issuance of dollar-denominated debt instruments.

Dennis Uy’s Phoenix Petroleum nets P2.8 billion in 2018 as revenues...

PHOENIX Petroleum Philippines, Inc. reported an 82% increase in net income in 2018 to P2.77 billion in what it called a banner year after generating record revenues and profit.

Phoenix Petroleum in talks with PNOC for ‘strategic alliance’ on LNG...

PHOENIX Petroleum Philippines, Inc. is in talks with Philippine National Oil Co. (PNOC) towards forging a “strategic alliance” with the state-led firm on its proposed liquefied natural gas (LNG) regasification terminal in Batangas province.

Phoenix Petroleum gives go-signal for JV with CNOOC

PHOENIX Petroleum Philippines, Inc. said on Friday that its board of directors gave the go-signal to enter into a joint venture with China National Offshore Oil Corp. (CNOOC) to operate liquefied natural gas (LNG)-related trade and services under its proposed LNG integrated hub project.

Dennis Uy-led firm, CNOOC get go-signal for LNG terminal

PHOENIX Petroleum Philippines, Inc. looks to break ground for its liquefied natural gas (LNG) facility with partner China National Offshore Oil Corp. (CNOOC) this year, after securing the energy department’s go-signal.

Phoenix Petroleum on track to hit income target

PHOENIX Petroleum Philippines, Inc. said it expected to hit its P1.5-billion income target for 2018, with its new businesses driving growth and continuing to do so in 2019, the company’s finance chief said.

Phoenix Petroleum plans more fund-raising activities in 1st half

PHOENIX PETROLEUM Philippines, Inc. is looking to raise P5 billion by the first half of next year apart from the remaining P3 billion in short-term commercial papers that it is considering to issue around the same period, company officials said on Thursday.

Phoenix Petroleum sets issue date for commercial paper offering

PHOENIX Petroleum Philippines, Inc. has set the issue date of its commercial paper offering on Dec. 27, after the initial offer of P7 billion ended on Thursday, a company official said.

Phoenix gets SEC nod for P10-B commercial papers

PHOENIX PETROLEUM Philippines, Inc. said the Securities and Exchange Commission (SEC) had approved the registration of the company’s P10 billion worth of commercial papers and its permit to sell the securities.

Phoenix Petroleum 9-month core profit jumps 27%

PHOENIX Petroleum Philippines, Inc. grew its core profit by 27% in the first nine months of the year, driven by higher volumes of petroleum products sold.

Phoenix Petroleum to issue up to P10-B commercial papers

PHOENIX Petroleum Philippines, Inc. said its board of directors had approved the issuance of commercial papers amounting to up to P10 billion, of which an initial series amounting to P7 billion are to be offered this year, the company told the stock exchange on Thursday.

Phoenix Petroleum supports Pinoy athletes’ dream with P50 million to Siklab...

IN CULMINATION of its “Buhayin Ang Laban Para Sa Ginto” donation drive, Phoenix Petroleum has turned over a cash donation amounting to P50 million to Siklab Atleta Pilipinas Sports Foundation on Sept. 7, 2018.

Phoenix Petroleum Q2 profit surges to P531M as revenues double

PHOENIX Petroleum Philippines, Inc. reported a 62% increase in net income to P531.11 million in the second quarter, as revenues more than doubled with the surge in sales volume.

Phoenix Petroleum second-quarter profit surges 62%

Phoenix Petroleum Philippines, Inc. reported a net income of P531.11 million in the second quarter, higher by 62% compared with the P327.77 million posted...

Dennis Uy to deliver keynote speech at BW Economic Forum

THE TWIN FORCES of innovation and disruption are sweeping the country’s current business landscape, and industry leaders must be quick to adapt or be...

Phoenix Petroleum earnings, revenue up 65% and 107% in Q1

PHOENIX Petroleum Philippines, Inc. reported a net income of P464.75 million for the first three months of 2018, 65% higher than the P282.31 million...

PSALM names winning bidders for power plant fuel supply

THE Power Sector Assets and Liabilities Management Corp. (PSALM) named Pilipinas Shell Petroleum Corp and Phoenix Petroleum Philippines, Inc. as the winning bidders for...

Pilipinas Shell, Phoenix Petroleum win supply bid for two power plants

The Power Sector Assets and Liabilities Management Corp. (PSALM) selected Pilipinas Shell Petroleum Corp and Phoenix Petroleum Philippines, Inc. as the winning bidders for...

Phoenix Petroleum Q1 earnings soar on acquisitions, network expansion

Phoenix Petroleum Philippines, Inc. reported a net income of ₱464.75 million for the first three months of 2018, 65% higher than the ₱282.31 million...

Phoenix Petroleum breaks ground for asphalt facility

Phoenix Petroleum Philippines, Inc. said it had broken ground for the asphalt facility it is building with local and foreign partners in Calaca, Batangas. The...

Phoenix Petroleum says market share reaches 6.2%

PHOENIX Petroleum Philippines, Inc. said it expanded its share to 6.2% of the local market as of end-2017, citing a report from the Department...

Phoenix Petroleum’s market share increases to 6.2%

Phoenix Petroleum Philippines, Inc. has expanded its share in the local petroleum industry, cornering 6.2% of the market as of end-2017 and posting the...