Davao-based tycoon Dennis Uy's fuel retailer Phoenix Petroleum Philippines Inc. and businessman Ramon Garcia Jr.'s DFNN were among six companies suspended on Thursday from trading by the Philippine Stock Exchange (PSE) for failing to submit their 2022 annual report by the extended deadline.

The PSE also suspended the trading for TKC Metals Corp., Manila Jockey Club, Inc., MJC Investments Corp. and IPM Holdings Inc.

Annual reports are critical documents that help guide the decisions of the investing public.

The PSE said the nonsubmission of the annual report violates the listing and disclosure rules of the exchange.

The bourse warned the companies last week they would be suspended on May 18 if they still failed to comply. The deadline was previously extended to May 2 this year. INQ