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.
President Ferdinand Marcos Jr. delivered one of the strongest foreign policy messages of his administration on Monday, declaring that the Philippines "will not yield" in defending its sovereignty and reaffirming the country's commitment to the landmark 2016 Arbitral Award on the West Philippine Sea.
The Philippine Chamber of Commerce and Industry (PCCI) is pushing a series of customs reforms to unclog cargo operations at Ninoy Aquino International Airport (NAIA), warning that persistent delays threaten one of the country's biggest export engines—the semiconductor and electronics industry.
President Ferdinand Marcos Jr. on Monday asked Congress to approve a sweeping package of tax relief measures for middle-income earners, workers and small businesses, signaling a shift toward policies aimed at boosting household spending and encouraging business expansion.