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 Securities and Exchange Commission (SEC) has streamlined the country’s securities borrowing and lending framework by assigning all administrative functions to the Philippine Stock Exchange (PSE), aiming to create a more efficient and integrated short selling market.
The Philippine Airlines (PAL) has strengthened its North American operations by putting its second Airbus A350-1000 into service on the Manila-Toronto route, a key step in the airline’s ongoing fleet modernization plan. This new aircraft joins the carrier’s first A350-1000, which currently flies the Manila-New York route, giving PAL two premium long-haul gateways in North America served by its newest and largest aircraft type.
First Gen Group, the Philippines’ leading renewable energy firm, has partnered with e-waste recycler HMR Envirocycle to roll out Drop IT for Good, a company-wide campaign for collecting and properly disposing of IT equipment and other electronic waste across the Lopez Group.