Phoenix Petroleum Philippines, Inc. committed support for the families of soldiers in Marawi City, as it marked its 10th listing anniversary at the Philippine Stock Exchange (PSE) on July 11, 2017.
The country’s leading independent and fastest-growing oil company allocated P100 million to create the LIFE fund. It is envisioned to help beneficiaries secure sustainable Livelihoods, achieve Independence, sustain their Families and provide Education to their children.
“The LIFE Fund is our commitment of support to our troops, who protect and defend us with their lives. Without their efforts to keep the peace, businesses will not be here celebrating milestones in our companies,” said Phoenix Petroleum President and CEO Dennis Uy.
The LIFE Fund is a mutual fund designed to give something back to the brave men and women who risk their lives for the protection of the citizens of this country. It is a private sector initiative that aims to provide long term financial aid and livelihood development for members of the Armed Forces and their families.
Phoenix Petroleum announced its ongoing effort to put together LIFE as it rang the closing bell at the PSE in Makati City to celebrate its 10th year as a publicly listed company.
The initial public offering of Phoenix Petroleum on July 11, 2007 marked many firsts for the company: the first company from Davao City to list on the PSE, and the first oil firm to go public after the passage of the Oil Deregulation Law in 1998.
Going forward, Phoenix Petroleum will remain committed to deliver world-class services and products; empower people through its various advocacies; and inspire the entrepreneurial spirit of every Filipino.