ACEN, the listed energy platform of the Ayala Group, will increase its power generation capacity with the development of a new 300-megawatt solar farm, called Palauig 2 Solar, in Zambales at a cost of P16 billion.
The Bank of the Philippine Islands (BPI) has released version 13.1 of its mobile app, introducing advanced security features aimed at combating evolving cyber threats.
Globe Telecom has entered a multi-year, multi-million-dollar partnership with Xtelify, the digital innovation arm of India’s Bharti Airtel, to deploy next-generation AI-driven software aimed at revolutionizing customer service and operational efficiency in the Philippines.
Inflation in the Philippines eased to its lowest level in six years in July, driven by falling prices of rice, other food items, and utilities. The headline inflation rate slowed to 0.9 percent, down from 1.4 percent in June, according to the Philippine Statistics Authority (PSA).
Lending activity by universal and commercial banks (U/KBs) continued its upward trajectory in June, supporting stronger domestic demand and economic momentum, according to preliminary data from the Bangko Sentral ng Pilipinas (BSP).