ACEN, the listed renewable energy arm of the Ayala Group and one of the fastest-growing renewable energy platforms in Asia-Pacific, has extended up to P4 billion in short-term financing to wholly owned subsidiary Sanmar Solar Inc. to support the expansion of a large-scale solar facility in Zambales.
ACEN Corp., the green energy arm of the Ayala Group, said its wholly-owned unit, ACEN Australia, has secured access rights to the Central West-Orana Renewable Energy Zone (CWO REZ) for projects in New South Wales, which includes power generation from solar and wind energy.
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.
EastWest has expanded its EasyWay digital banking app to let Filipinos open savings accounts and apply for credit cards entirely from mobile devices, removing traditional hurdles to accessing financial services.
GCash, the fintech platform used by 49 million Filipinos or 42% of the population, remains in the early stages of development with significant room to expand into banking and other financial services, according to a senior business adviser.
The Luzon Economic Corridor (LEC) can give investors a head start by plugging them into 218 established economic zones and 1,777 locator companies already operating along the Subic-Clark-Manila-Batangas corridor, according to the Philippine Economic Zone Authority (PEZA).
The Securities and Exchange Commission (SEC) has granted regulatory approval for two key transactions: the direct public offering (DPO) of Allied Care Experts (ACE) Medical Center - Pateros Inc. and the rental pool program of Arthaland Corp., a leading property developer.