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Energy & Mining
ACEN gives up solar, wind contracts; names new key executives in strategic shift
ACEN Corp., the renewable energy firm led by the Ayala group, has voluntarily handed back a set of early-stage wind and solar service contracts in the Philippines, as it moves from rapid expansion toward sharper execution and more efficient capital use. The company also unveiled key executive appointments that will take effect next year, alongside its latest financial results showing strong earnings growth.
Corporate Bulletins
UP Law Class of 1976 celebrates golden jubilee with anti-dynasty win
The University of the Philippines College of Law Class of 1976 will mark its golden jubilee on Friday with an unusual anniversary gift: a Supreme Court victory in its decades-long fight against political dynasties.
Corporate
Ayala Corp. nine-month core profit slips 6% as emerging units gain ground
Ayala Corp. reported a 6 percent decline in core net income for the first nine months of the year, as softer earnings in its traditional property and banking businesses were tempered by steady telecommunications profits, stronger energy contributions, and rapid revenue growth across its emerging healthcare and electric vehicle ventures.
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