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.
Ayala Corp., a diversified investment holding company, reported a record net income of P42.0 billion for 2024, up 10 percent year-on-year increase. Excluding one-off items, its core net income hit P45.0 billion, marking a significant milestone for the company.
The Bank of the Philippine Islands (BPI), led by the Ayala Group, has unveiled its new digital payroll solution, ePayroll, designed to streamline payroll management for businesses while enhancing employee onboarding. The system, integrated into BPI’s corporate banking platform, BPI BizLink, is set to simplify payroll processing, allowing businesses to onboard employees and disburse salaries with ease and efficiency.
Motorists are bracing for significant fuel price hikes this week, but the Department of Energy (DOE) has secured a staggered implementation of the adjustments to help ease the impact on consumers.
Real estate consultancy Prime Philippines projects Quezon City to be the biggest beneficiary of Metro Manila’s upcoming railway expansions, underscoring significant economic and policy implications for the city’s growth.
The Department of Energy (DOE), in partnership with the Southeast Asia Energy Transition Partnership (ETP), has launched the Compendium: Guidebook to Permitting and Consenting for Offshore Wind Energy in the Philippines. The guidebook aims to streamline the complex permitting process currently involving over 80 permits across more than 25 government agencies.