BDO Unibank Inc. (BDO) has committed ₱12.04 billion in financing—35 percent of a ₱34.41 billion loan facility—for ACEN Corporation’s onshore wind power project, poised to become the largest wind facility in the Philippines. The financing is structured under a 15-year term.
The Government Service Insurance System (GSIS) honored government agencies that made the highest payments toward long-overdue social insurance premiums—some dating back to October 2007—during its Stakeholders’ Dialogue held at Sequoia Hotel Manila Bay.
Naga City, Pasig City, and Cauayan in Isabela have been named global finalists in the 2025 Bloomberg Mayors Challenge. They join 47 other cities worldwide selected for ideas that aim to improve how local governments serve their people.
Electricity prices in the Philippines could fall below ₱1 per kilowatt-hour (kWh) by 2050 if all renewable energy (RE) projects under the Department of Energy’s (DOE) Green Energy Auction (GEA) Program are fully implemented, according to DOE undersecretary Rowena Cristina Guevara.