Citicore taps Landbank to accelerate solar expansion
Citicore Renewable Energy Corp. (CREC) has secured a P4.05-billion project finance loan from Land Bank of the Philippines to build two embedded solar power projects in Central Luzon, expanding clean energy capacity while helping electric cooperatives deliver more reliable and potentially cheaper electricity.
Sprouts.ai secures $9 million to simplify B2B sales with AI
The Palo Alto-based startup Sprouts.ai has raised $9 million in a Pre-Series A funding round, bringing its total funding to $14 million. The investment was co-led by True Global Ventures and Accel, with participation from Kickstart Ventures. The company plans to use the new capital to improve its AI agent capabilities, expand its integrations with other software, and fuel its overall platform growth.
Lower oil prices may give BSP policy flexibility
Easing global oil prices could provide the Philippines with a timely economic tailwind, strengthening the peso, improving financial conditions and giving the Bangko Sentral ng Pilipinas (BSP) greater scope to ease monetary policy, according to Manulife Investment Management.
Meralco, UPEEP training engineers for solar, nuclear energy future
Manila Electric Company (Meralco), led by Manuel V. Pangilinan, has signed a cooperation agreement with the United Professional Electrical Engineers of the Philippines (UPEEP) to raise professional standards in electrical engineering.
GCash expands digital giving as donations surge nationwide
GCash is widening its digital philanthropy platform after raising more than P8 million for earthquake relief efforts in Mindanao and adding 14 new non-government organizations (NGOs) to its in-app donation hub, GBayanihan.
