SP New Energy Corp., the renewable energy subsidiary of MGen Renewable Energy Inc., has named Anthony Vergel Velasco as its new chief audit executive, strengthening its governance framework as it scales up its clean energy portfolio.
MGEN Renewable Energy, Inc. (MGreen), through its subsidiary SP New Energy Corporation (SPNEC), has successfully concluded a deal with Actis Rubyred (Singapore) Pte. Ltd. for a 40 percent equity stake in Terra Solar Philippines, Inc. (MTerra Solar).
Rizal Commercial Banking Corp. (RCBC), the country’s 6th largest lender by assets, is deepening its financial inclusion push through a partnership with Tambunting Pawnshop, bringing digital banking services to more underserved communities through over 100 branches nationwide.
The Philippine Economic Zone Authority (PEZA) is ramping up its green industrialization agenda, with renewable energy investments emerging as a key pillar in its bid to make Philippine ecozones more competitive and attractive to global investors.
The Philippines has made notable gains from trade-driven growth, but sustaining that momentum will require a sharper focus on reducing trade costs, improving logistics, and streamlining border procedures, according to the World Trade Organization (WTO).