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.
Setting the initial public offering price of Mynt Inc., the operator of GCash, at P6.60 per share—near the lower end of its indicative range—does not signal trouble, according to market watchers. The figure lands close to the mid-point of the original P10-per-share indicative price band.
The Bases Conversion and Development Authority (BCDA) Group has secured three agreements with Japanese companies to explore infrastructure-resilience and energy-efficiency projects at major economic hubs in Luzon, as the Philippines seeks to deepen Japanese investment beyond individual facilities.
As the nation marks Filipino Elderly Week (Oct 1–7), the Government Service Insurance System (GSIS) reaffirms stronger commitment to its more than 600,000 pensioners and retirees—rolling out improved benefits, fairer rules, and simpler, fully digital services to boost financial security and ease of use.
Cebuana Lhuillier is expanding its technology-enabled services with the rollout of Cash Accepting Machines (CAMS) across its nationwide branch network, giving customers another option for routine financial transactions while retaining access to in-person assistance.