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.
Alternergy Holdings Corp., a listed renewable energy, has secured two tranches of funding from Rizal Commercial Banking Corp. (RCBC) for its 28 megaWatt-peak Balsik Solar Power Project in Hermosa, Bataan.
Emerging Power Inc. (EPI), the renewable energy arm of Nickel Asia Corporation (NAC), has secured a P5.175-billion senior term loan facility from Rizal Commercial Banking Corporation (RCBC) to fund the construction of its 145-megawatt peak (MWp) Cawag solar power project in Subic, Zambales.
The Department of Agriculture (DA) has secured firm commitments from rice millers and importers to buy local palay at minimum prices, even as imported rice enters the market.
The Melco Resorts (Philippines) Foundation, together with City of Dreams Manila and Entertainment City Estate Management Inc., turned over P9.9 million worth of security gadgets and equipment to the Philippine National Police–National Capital Region Police Office (PNP-NCRPO) in a ceremonial event held at City of Dreams Manila.
Ayala Corp. has received board approval to file a five-year shelf registration of up to P30 billion with the Securities and Exchange Commission, allowing the conglomerate to issue peso-denominated bonds through public offerings.