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.
The Anti-Red Tape Authority (ARTA) is set to launch new rules designed to cut bureaucratic delays in housing development, reviving long-dormant provisions of the three-decade-old Lina Law as the government seeks to accelerate affordable housing projects and reduce regulatory bottlenecks.
GAC Philippines is widening its presence in the country with six new dealerships, underscoring its confidence in the Philippine automotive market even as competition intensifies among Chinese and other Asian vehicle brands.
Singapore-based fashion retailer Love, Bonito is looking beyond simply opening more stores in the Philippines. The brand is also exploring collaborations with Filipino designers, signaling a strategy that blends retail expansion with deeper local engagement as it strengthens its foothold in one of Southeast Asia's fastest-growing consumer markets.