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.
Security Bank Capital, the investment banking arm of Security Bank Corporation, celebrates its 30th anniversary with a renewed commitment to financing a sustainable and inclusive future for the Philippines.
The Department of Energy (DOE) announced that starting January 2026, communities hosting power projects will receive higher financial benefits under the Energy Regulation (ER) 1-94 program.
The Philippine Tobacco Growers Association (PTGA) estimates local farmers could lose ₱978.44 million in 2025 due to the continued rise in cigarette smuggling. The group said around 11.8 billion sticks of illicit cigarettes are expected to flood the market next year, displacing roughly 9.4 million kilograms of locally grown tobacco.