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.
President Ferdinand R. Marcos Jr. has reopened Metro Manila to new Philippine Economic Zone Authority (PEZA)-registered information technology parks and centers, easing a seven-year investment restriction while keeping the broader ban on other types of economic zones in the capital.
The Bank of the Philippine Islands (BPI) has secured final regulatory approvals to merge two of its thrift banking subsidiaries, a move that underscores the lender's push to streamline operations, strengthen capital efficiency, and sharpen its digital banking strategy.
The Department of Energy (DOE) is urging the proposed Pax Silica development to build its own power plant instead of drawing electricity from the Luzon Grid, warning that the project's massive energy demand could strain the country's main power network if left unaddressed.
Kia Philippines is expanding its product lineup with more sport utility vehicles while maintaining a balanced mix of internal combustion engine, hybrid and electric vehicles, reflecting a strategy that aligns with the realities of the Philippine market rather than a rapid transition to full electrification.