Phoenix Petroleum to invest $13M in SG arm

By Jordeene B. Lagare

Sep 25, 2019 12:18 am

LISTED Phoenix Petroleum Philippines Inc. has secured the go-signal to invest $12.6 million (P655.20 million) in its Singaporean subsidiary to strengthen its presence on the island-state.

In a disclosure on Tuesday, the Davao City-based independent oil company said its board of directors approved the investment in PNX Petroleum Singapore Pte. Ltd.

Already have an active account? Log in here to continue reading.
Or
Subscribe to the Premium Subscription plan to access this subscriber-exclusive article.