ACEN invests P1.15B in subsidiary for renewable energy projects
ACEN Corp., the energy arm of the Ayala Group, has signed a subscription agreement worth P1.15 billion with fully owned subsidiary Giga Ace 8 Inc. The investment covers common and preferred shares issued from Giga Ace 8’s unissued capital stock.
Strait of Hormuz blockade rings alarm bells for economy
Energy and agriculture leaders warn of significant risks to fuel supply, prices, and food security after Iran announced it is closing the Strait of Hormuz, and threatening to fire on any vessel attempting to transit. This development follows reported attacks by the United States against Iran, according to a Reuters report.
Philippines, Sweden forge new growth partnerships
The Philippines and Sweden are exploring deeper economic cooperation in renewable energy, digitalization, manufacturing, healthcare, and advanced technologies, as both countries seek to boost...
CAB cuts fuel surcharge as global prices fall, lower airfares expected June 16–30
The Civil Aeronautics Board (CAB) has approved a reduction in fuel surcharges following a sustained drop in global jet fuel costs, a change that will take effect from June 16 to 30 and expected to bring down the shipping rate for passengers and cargo.
PhilHealth eyes overhaul to cut health costs
Filipinos could see major changes in how healthcare is delivered and paid for over the next two years as the Philippine Health Insurance Corp. (PhilHealth) rolls out reforms aimed at strengthening primary care, expanding targeted benefits, and reshaping how hospitals are reimbursed.
