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AboitizPower breaks ground on new battery storage project

Nasipit, Agusan del Norte — Aboitiz Power Corp., through its subsidiary Therma Marine Inc. (TMI), has started groundwork for a new 48-megawatt (MW) hybrid battery energy storage system (BESS), signaling a strategic expansion in the company’s energy portfolio aimed at enhancing grid reliability and supporting renewable energy integration.

Boomi CEO Warns of Infrastructure Crisis in New Book

As businesses rush to adopt artificial intelligence, a sobering message from Boomi CEO and chairman Steve Lucas cuts through the hype: outdated digital infrastructures are sabotaging AI success. In his new book, Digital Impact: The Human Element of AI-Driven Transformation (Wiley), released Monday, Lucas argues that most organizations are pouring millions into AI while struggling under decades-old systems, fragmented data, and disconnected apps.

Gov’t targets 205K farmers in climate-resilient agri rollout

The Philippine government, in collaboration with international partners, has identified key municipalities for the rollout of the Climate Resilient Agriculture (CRA) interventions under the $39-million "Adapting Philippine Agriculture to Climate Change" (APA) Project.

SPAVI posts strong 2024 finish, bolstered by 4Q surge and global expansion

Shakey’s Pizza Asia Ventures, Inc., one of the country's top multi-brand food service groups, capped off 2024 with a robust performance driven by aggressive expansion, strategic investments, and sustained consumer demand during the holiday season.

CIBI, SEC forge data-sharing alliance

In a move poised to strengthen corporate transparency and streamline due diligence processes, CIBI Information, Inc., the country's first and only credit bureau, has signed a landmark data-sharing agreement with the Securities and Exchange Commission (SEC). The partnership is aimed at expanding access to verified regulatory data, addressing a long-standing challenge in the country’s financial ecosystem.

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Philippine Competition Commission raises fines

The Philippine Competition Commission (PCC) has dramatically increased penalties for anti-competitive practices and non-compliance under its newly issued Memorandum Circular No. 26-002, signaling a more aggressive approach to market discipline.

Robinsons Retail sets May 26 record date for dividend

Robinsons Retail Holdings Inc. (RRHI), the retail arm of the Gokongwei Group, has set May 26 as the record date for shareholders entitled to receive its P2.00-per-share cash dividend, as the company returns more than P2 billion to investors amid a strong retained earnings position.

MPIF assesing Tubbataha Reefs health in exploration dive

Metro Pacific Investments Foundation (MPIF) is holding the Shore It Up! Tubbataha Exploration Dive until May 27, 2026, by bringing together experts to assess the health of the Tubbataha Reefs Natural Park — a critical Philippine marine sanctuary and global biodiversity site in the Sulu Sea.

BPI strengthens financial inclusion and environmental action

The Bank of the Philippine Islands (BPI) has reinforced its commitment to financial inclusion and environmental sustainability, aligning efforts with this year’s Sustainability Awareness Month theme “Sustainable Progress for All” to drive inclusive growth and a greener economy nationwide.
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