Tag: ACEN

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ACEN secures India wind project financing boost

ACEN Corp., the listed green energy arm of the Ayala Group, has secured a project finance term loan worth INR7.517 billion to fund the development of its Bijapur Wind project in Karnataka, India, marking another step in its regional expansion.

Ayala pushes growth, spending, earnings skyward

Capital discipline and strategic investments drove Ayala Corp.’s performance last year, with the listed conglomerate spending P92.9 billion on expansions across residential, leasing, hospitality, and estate development. The outlay underscores the group’s confidence in long-term growth even amid market volatility.

ACEN profit slides as renewable output surges

ACEN Corp., the renewable energy arm of the Ayala Group, reported a sharp drop in net income for 2025 as weaker power prices, weather disruptions, and asset impairments weighed on earnings despite strong growth in renewable energy output.

ACEN swaps debt for ENEX equity

ACEN Corp. is tightening its grip on subsidiary ENEX Energy Corp., converting P75 million worth of receivables into equity in the listed oil and gas explorer.

ACEN lands TIME’s elite list

ACEN has secured a coveted spot in TIME and Statista’s Asia-Pacific’s Best Companies 2026, joining 500 top-performing firms recognized for shaping the region’s business landscape.

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Mynt IPO likely to price below P10, analysts say

Mynt Inc., the company behind leading fintech platform GCash, may see its upcoming initial public offering (IPO) priced below the stated P10 indicative level, according to market analysts.

Aznar Shipping files IPO to fund expansion

Cebu-based Aznar Shipping Corp. has filed with the Securities and Exchange Commission (SEC) to raise as much as P670 million through an initial public offering (IPO), as the regional operator seeks capital to expand its fleet and supporting infrastructure across the Visayas.

President Marcos secures $75M India pledges targeting rural health, digital rails

President Ferdinand Marcos Jr. locked in strategic expansion commitments from Indian conglomerates, anchoring a diplomatic push with USD75 million in immediate investments from iSON Group projected to generate 2,000 local jobs.

DOTr rolls out monthly financial aid to PUV operators

Starting this September, the Department of Transportation (DOTr) is providing targeted financial assistance to transport cooperatives and corporations struggling with monthly loan payments, to keep modern public utility vehicles (PUVs) running and protect workers’ livelihoods.

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