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    Tag: ACEN

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    ACEN joins Denmark’s CIP in offshore wind power venture

    Energy Context.ph Context.ph -
    ACEN Corp., the Ayala Group’s listed energy platform, has signed definitive agreements to acquire a 25 percent minority stake in the planned 1-gigawatt offshore wind project in Camarines...

    Telecom, energy units weigh down Ayala 1Q earnings

    Corporate Context.ph Context.ph -
    Ayala Corp., the diversified holding company of the Ayala Group, reported a 3.7 percent decline in net income to P12.6 billion in the first quarter, weighed down by one-off items and weaker contributions from its telecom and energy units.

    ACEN profit drops 28% on lower generation, weaker market prices

    Corporate Context.ph Context.ph -
    ACEN Corp. reported a 28 percent year-on-year decline in its first-quarter consolidated net income attributable to equity holders, falling to ₱1.95 billion from ₱2.72 billion in the same period of 2024. The slump was driven by lower generation output and declining prices in the Philippine Wholesale Electricity Spot Market (WESM), the company said Thursday.

    ACEN secures P34.41B Loan for Quezon-Laguna wind farm

    Energy Context.ph Context.ph -
    ACE Corp., the renewable energy arm of the Ayala Group, announced that its subsidiary, GIGA ACE 6 Inc., has secured a loan of up to P34.41 billion to finance its 344.5-megawatt onshore wind power project, which spans towns in Quezon and Laguna.

    ACEN Corp. sets aside P660M for land acquisition via BCHC subsidiary

    Corporate Context.ph Context.ph -
    ACEN Corp., a listed renewable energy (RE) developer, has entered into a subscription agreement with subsidiary firm Buendia Christiana Holdings Corp. (BCHC), committing P660 million in investments. This involves the purchase of 660,000 common shares and 5,940,000 redeemable preferred shares (RPS) from BCHC, a special purpose vehicle created to manage land acquisition for ACEN’s growing portfolio of power projects.
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    FDI to emerging economies dips to 15-year low, warns World Bank

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    Foreign direct investment (FDI) inflows to emerging markets and developing economies (EMDEs) have declined sharply since their 2008 peak, falling from 5 percent of GDP to around 2 percent in recent years, according to a World Bank study. The decline affects nearly 60 percent of EMDEs, including regional players like the Philippines, and threatens progress in infrastructure development, poverty reduction, job creation, and climate action.

    MPA expands talent pipeline with MSU-GenSan energy pact

    Corporate Bulletins 0
    The Meralco Power Academy (MPA), led by Manuel V. Pangilinan, has entered into a strategic partnership with Mindanao State University-General Santos (MSU-GenSan) to drive innovation in energy education and training, further strengthening the talent pipeline for the energy sector.

    Insurer launches its first Shari’ah-compliant life policy

    Banking & Insurance 0
    Pru Life UK has unveiled its first Shari’ah-compliant life insurance product in the Philippines, the PRUTerm Lindungi, marking a landmark innovation in the insurance sector. Rooted in Islamic principles of mutual aid, fairness, and shared responsibility, the plan is designed to provide inclusive, ethical, and affordable life protection for Filipinos of all backgrounds.

    Accenture shares drop as 3Q bookings miss expectations

    Corporate 0
    Shares of Accenture slid nearly 7 percent on Friday after the global professional services giant reported lower-than-expected new bookings for its fiscal third quarter ending May 31, despite solid gains in revenue and profitability.

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    Four DA officials safely repatriated amid Israel-Iran conflict

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    Agriculture Secretary Francisco P. Tiu Laurel Jr. expressed deep gratitude to the Philippine Embassy in Israel and other government agencies for ensuring the safe return of four Department of Agriculture (DA) officials who were stranded in Israel after renewed tensions with Iran.
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    FDI to emerging economies dips to 15-year low, warns World Bank

    0
    Foreign direct investment (FDI) inflows to emerging markets and developing economies (EMDEs) have declined sharply since their 2008 peak, falling from 5 percent of GDP to around 2 percent in recent years, according to a World Bank study. The decline affects nearly 60 percent of EMDEs, including regional players like the Philippines, and threatens progress in infrastructure development, poverty reduction, job creation, and climate action.
    Corporate Bulletins

    MPA expands talent pipeline with MSU-GenSan energy pact

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    The Meralco Power Academy (MPA), led by Manuel V. Pangilinan, has entered into a strategic partnership with Mindanao State University-General Santos (MSU-GenSan) to drive innovation in energy education and training, further strengthening the talent pipeline for the energy sector.
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