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.
ACEN Corp., the renewable energy arm of the Ayala group, reported net income in 2024 surging 27 percent to P9.36 billion, fueled by higher generation from new renewable energy plants, a strategic expansion program, and a 25 percent increase in attributable renewable output, totaling 5,596 GWh.
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.
ACEN, the listed energy company of the Ayala Group, will soon begin building the 60-megaWatt Pangasinan Solar farm, the listed power firm’s first development in the province and the second solar farm to start a major construction this year.
ACEN, the listed energy platform of the Ayala Group, will increase its power generation capacity with the development of a new 300-megawatt solar farm, called Palauig 2 Solar, in Zambales at a cost of P16 billion.
The Aurora Pacific Economic Zone and Freeport Authority (APECO) has secured P177 million in government assistance to prepare a feasibility study for a proposed international seaport in Casiguran, a project envisioned to turn Aurora into a gateway for manufacturing, logistics and Pacific trade.
The Bases Conversion and Development Authority (BCDA) is targeting about P165 billion in additional investment partnerships within three months, expanding its development pipeline in agriculture, energy and aviation while seeking to turn rising private-sector interest into sustained government revenues and jobs.
Cyber threats across the Philippines have intensified significantly this year, with more than 9 million user credentials compromised in the third quarter alone, according to the latest Cyber Threat Landscape Report from Viettel Cyber Security (VCS). The figure marks more than double the 4.3 million recorded in the same period last year, bringing the year-to-date total to over 28.3 million—nearly three times the full-year count for 2025.
The Government Service Insurance System (GSIS), working with the Technical Education and Skills Development Authority (TESDA), has provided automotive servicing training to 15 dependents of GSIS members and pensioners in Cebu, opening pathways to employment, steady income, and small business ownership.