ACEN lands green energy deal with Shangri-La Tower
ACEN Corp. retail electricity arm ACEN Renewable Energy Solutions (ACEN RES) has secured a new contract with St. Francis Shangri-La Place to supply the luxury residential tower’s common areas with renewable energy sourced from its portfolio of solar, wind, and geothermal power plants.
Widening BOP deficit flagged as key risk to external stability
The Bangko Sentral ng Pilipinas (BSP) on Monday reported that the country’s external position, represented by the balance of payments (BOP), posted a deficit of USD2.6 billion in April 2025, sharply wider than the USD639 million shortfall recorded in the same month last year.
First Gen takes control of Pi Energy for ₱1B
First Gen Corp., a major power producer under the Lopez-led First Philippine Holdings (FPH) group, has acquired full ownership of Pi Energy Inc. for ₱1.006 billion.
Avian flu contained in CamSur; poultry supply remains
The Bureau of Animal Industry (BAI) has assured consumers that poultry products, including chicken meat and eggs, remain safe to eat despite a confirmed case of Avian Influenza (AI) in Camarines Sur earlier this month.
SRA ups sugar output forecast for 2024-25 by 5 percent
The Sugar Regulatory Administration (SRA) has revised its forecast sugar output for crop year 2024-2025, reflecting a nearly 5 percent increase to 1.837 million metric tons (MT) from an earlier estimate of only 1.782 million MT, SRA administrator Pablo Luis Azcona said Monday.
