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Wednesday, 04 June 2025, 8:45 am

    Energy

    ACEN completes acquisition of Australia renewables project

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    ACEN, the renewable energy arm of the Ayala Group, said Thursday that its subsidiary, ACEN Renewables International,  has completed the acquisition of the Australia development platform, UPC Renewables Asia Pacific Holdings.

    Hydro plant sale attracts 14 bidders

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    The Power Sector Assets and Liabilities Management Corp. (PSALM) on Tuesday bared having attracted 14 bidders for the 165-megawatt Casecnan Hydroelectric power plant.

    Power rations loom over off-grid areas

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    Supplying the so-called off-grid areas with electricity is proving problematic for the National Power Corporation (NPC) as it bared a budget shortfall P3.95 billion wide on Monday.

    Oil prices up third week in a series

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    Local oil retailers have implemented a price increase in the cost of petroleum products for a third time in a series.

    Raslag moves to develop 4th solar farm, eyes 2024 completion

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    Raslag Corp., a Pampanga-based renewable energy corporation listed on the stock exchange, said Monday its board approved several contracts for the development of its fourth solar farm, the 35.2-megaWatt-peak Raslag 4.
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    Context.ph is a business news and features website based in the Philippines. Our goal is to provide readers easily digestible articles to help people better understand the news and make informed decisions.

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    Banking & Insurance

    UnionBank launches P10B bond offer

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    Union Bank of the Philippines, the country’s 9th largest lender by assets, began the public offering on Wednesday of its latest debt securities—aiming to raise at least P10 billion to support funding needs.
    Banking & Insurance

    Peso gains temper NG debt increase in April

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    The outstanding debt of the national government increased to P16.753 trillion as of end-April 2025, a 0.41 percent or P68.69 billion rise from the previous month.  The April figure was 4.4 percent higher than the P15.017 trillion posted in the year-earlier period.
    Context Dispatch

    Lawyer Francis Lim named new SEC chairman

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    President Ferdinand R. Marcos Jr. has appointed lawyer Francis Edralin Lim as the new chairperson of the Securities and Exchange Commission. Executive Secretary Lucas P. Bersamin said on Tuesday that Lim will take over from SEC Chairman Emilio Aquino, whose seven-year term ends on June 6.
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