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 Japan International Cooperation Agency (JICA) has concluded its technical assistance program for the Light Rail Manila Corporation (LRMC), focused on advancing energy conservation along Light Rail Transit Line 1 (LRT-1).
Acesite (Phils.) Hotel Corp. is taking a step back from plans to reopen the long-shuttered Waterfront Manila Pavilion Hotel, citing rising reconstruction costs and an uncertain outlook for tourism and gaming revenues.
The Philippines is on track for a stronger grain harvest this quarter, with palay production projected to rise 5.3 percent from a year ago, although slipping yields suggest farmers are still battling productivity challenges despite expanding planted areas.
The government has taken a major step toward securing the future of the country’s busiest air gateway, with the Manila International Airport Authority (MIAA) agreeing to acquire the 61-hectare property occupied by Ninoy Aquino International Airport (NAIA) Terminal 3 from the Bases Conversion and Development Authority (BCDA) in a P48-billion transaction.