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 Department of Agriculture has confirmed an increase in corn minimum access volume or MAV to 500,000 metric tons, a policy adjustment meant to shore up supply, bring down livestock feed expenses, and prevent steeper meat price increases for Filipino consumers.
Air travelers and shippers will face higher transport costs next month after the Civil Aeronautics Board (CAB) raised the fuel surcharge level for domestic and international flights amid climbing jet fuel prices.
The proposed restructuring of the Samal Island-Davao City Connector Project has cleared a key government review, bringing the toll-free bridge closer to final approval as officials seek to improve mobility, commerce and access to essential services in the region.
The Luzon Economic Corridor (LEC) could generate up to P2.9 trillion in economic activity during construction alone, potentially rivaling the contributions of remittances, tourism and IT-business process management (IT-BPM), according to property consultancy JLL Philippines.