DAVAO-BASED independent oil firm Phoenix Petroleum Philippines, Inc. (Phoenix Petroleum) said it will earmark P100 million for the creation of a mutual fund to benefit soldiers, policemen and their families as the company marked its 10th listing anniversary on Tuesday.

“Our listing 10 years ago fueled the company’s expansion from Davao City to the rest of the Philippines,” Phoenix Petroleum President and Chief Executive Officer Dennis Uy said.