Published May 12, 2021, 5:00 AM
Listed firm Phoenix Petroleum Philippines Inc. has declared cash dividend that will be paid to holders of its Series 4 (PNX4) preferred shares, according to the firm’s disclosure to the Philippine Stock Exchange.
The payout will be anchored on 7.5673-percent per annum interest rate; and will cover shareholders as of record date May 21, 2021 and to be settled on May 24 this year.
For the PNX3B series of the company’s preferred shares, it stated that go-signal on cash dividend declaration “has yet to be approved, including pertinent dates, which have yet to be set and determined.”
The Uy-led oil firm previously indicated that for it to shore up revenue stream, it will be re-calibrating business pivot to the high-margin retail segment of the downstream oil sector as well as on the liquefied petroleum gas (LPG) market.
Published January 10, 2021, 5:30 AM
Uy-led Phoenix Petroleum Philippines Inc. is reinforcing its digital or electronic commerce (e-commerce) platform in bids to bolster its sale of petroleum products.
The new offering from the oil company is via “Limitless” discount fuel vouchers, which is an app-based component of its loyalty program; and these come in P1,000, P500 and P100 denominations.
Phoenix Petroleum President Henry Albert Fadullon
Phoenix Petroleum President and CEO Henry Albert Fadullon noted “as our brand further evolves, we have also innovated the way we offer our products and conduct our promos.”
He explained that the company is enhancing the integration of e-commerce in the company’s marketing strategy, “especially this year when safety is of prime concern.”
Clipper Petroleum received two special-use and one rezoning approval from the Gainesville City Council Tuesday evening allowing for the construction of a 4,500-square foot convenience store on Thompson Bridge Road at Christopher Drive.
The business will also feature a dozen gasoline pumps where users will be protected from the weather by an overhead canopy.
Clipper Petroleum President and CEO Tom Bower said he was disappointed that evening but determined to make adjustments to the plan in order to gain approval, including addressing the concerns of neighbors who spoke in opposition before the Planning and Appeals Board.
“The main reason (for opposition) was the traffic they thought would be added to Christopher as a cut-through street,” Bower said. As to subsequent conversations he had with neighbors who spoke in opposition to his application at that November meeting, “We had a good conversation with them and they were very reasonable.”