The Asian Development Bank (ADB) has secured a financing package of up to USD100 million to support Ayala Corporation’s efforts to build a sustainable electric mobility ecosystem in the Philippines. The funding will be directed towards the procurement and installation of electric vehicle charging stations (EVCS) and the purchase of electric vehicles for commercial use, accelerating the country’s transition to cleaner transportation.
The Bangko Sentral ng Pilipinas (BSP) has approved USD3.21 billion in medium- to long-term foreign borrowings for the public sector in the fourth quarter of 2024.
The Department of Agriculture (DA) has announced a new partnership with the major retail chains to distribute affordable rice nationwide, aimed at stabilizing prices and improving access for Filipino households.
DigiPlus Interactive Corp. has announced a significant milestone in its growth, doubling its active user base in 2024 to 40 million from 20 million in 2023.