ACE Corp., the renewable energy arm of the Ayala Group, announced that its subsidiary, GIGA ACE 6 Inc., has secured a loan of up to P34.41 billion to finance its 344.5-megawatt onshore wind power project, which spans towns in Quezon and Laguna.
The Energy Regulatory Commission (ERC) has provisionally approved a higher refund of P19.96 billion for Manila Electric Co. (Meralco) customers, equivalent to P0.1189 per kilowatt-hour (kWh). This is larger than Meralco’s original proposal of P19.1 billion.
The Department of Agriculture (DA), through the Sugar Regulatory Administration (SRA), has begun distributing the first batch of cash assistance to sugarcane farmers under the Presidential Assistance for Farmers and Fisherfolk Program (PAFFP).
DigiPlus Interactive Corp. has integrated its sportsbook brand ArenaPlus sportsbook platform into the Sportradar Integrity Exchange (SIE), a global system that helps detect and prevent match-fixing.
Federal Land NRE Global Inc. (FNG) said demand for its projects remains strong despite economic uncertainties, particularly in its 600-hectare River Park development in Cavite.