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    Tag: Ayala Corp.

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    Ayala Corp. secures ‘A minus’ rating from JCR

    Corporate Context.ph Context.ph -
    Conglomerate Ayala Corporation has earned an A minus (A-) rating from the Japan Credit Rating Agency Ltd. (JCR) for its inaugural long-term foreign currency debt sale, the company said on Monday. The rating, which aligns with the Philippine sovereign rating, will significantly improve Ayala's access to yen-denominated loans, providing more favorable borrowing terms for its growth initiatives.

    A.P. Moller Capital to acquire 40% stake in Ayala’s AC Logistics

    Corporate Context.ph Context.ph -
    Danish investment firm A.P. Moller Capital, through its EMIF II Holding III B.V. entity, has entered into an agreement to acquire up to a 40 percent economic stake in AC Logistics, a subsidiary of Ayala Corporation.

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    BSP keeps dovish stance despite peso weakness

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    The local currency the peso briefly sank to a record low this week, reflecting sustained weakness in the local currency as the Bangko Sentral ng Pilipinas (BSP) maintains a growth-focused stance. The peso fell to ₱59.13 per U.S. dollar on Tuesday before rebounding to ₱58.72 on Wednesday—its strongest in three months—after remarks from BSP Governor Eli Remolona tempered market concerns.

    PCC OKs Raslag-Verdant JV for Mindoro wind and battery project

    Energy 0
    The Philippine Competition Commission (PCC) has approved Raslag Corp.’s joint venture with Singapore-based Verdant Philippines Alpha Pte. Ltd. for a renewable energy project in Mindoro.

    ADB, PH in talks for power grid upgrade loan 

    Energy 0
    The Asian Development Bank (ADB) confirmed it is in discussions with the Philippine government for a possible loan to enhance the country’s power transmission network.

    Home Credit PH, Puregold launch credit card for small business owners

    Corporate Bulletins 0
    Home Credit Philippines has teamed up with Puregold Price Club Inc. to launch the Aling Puring Credit Card, its first branded credit card designed for small business owners.

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    DENR moves to contain molasses spill in Negros Oriental

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    The Department of Environment and Natural Resources (DENR) has assured the public that a coordinated response is underway following the collapse of a containment lagoon at Universal Robina Corp.’s (URC) Bais Distillery in Negros Oriental, which released molasses wastewater into Bais Bay within the Tañon Strait Protected Seascape.
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    BSP keeps dovish stance despite peso weakness

    0
    The local currency the peso briefly sank to a record low this week, reflecting sustained weakness in the local currency as the Bangko Sentral ng Pilipinas (BSP) maintains a growth-focused stance. The peso fell to ₱59.13 per U.S. dollar on Tuesday before rebounding to ₱58.72 on Wednesday—its strongest in three months—after remarks from BSP Governor Eli Remolona tempered market concerns.
    Energy

    PCC OKs Raslag-Verdant JV for Mindoro wind and battery project

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    The Philippine Competition Commission (PCC) has approved Raslag Corp.’s joint venture with Singapore-based Verdant Philippines Alpha Pte. Ltd. for a renewable energy project in Mindoro.
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