BSP joins global central banking group promoting ‘green’ finance

MANILA, Philippines – The Bangko Sentral ng Pilipinas has joined the ranks of monetary authorities around the world working toward managing climate- and environment-related risks in a bid to mobilize capital toward a sustainable economy. In a statement, BSP Governor Benjamin Diokno said the regulator’s move is part of its initiative of promoting a “sustainability […]

Group bucks nuclear energy plan

Electricity consumers and science advocates raised a howl over renewed government moves to make the Philippines a nuclear-power country, particularly as the recently signed Executive Order No. 116 revived the possibility of using the mothballed power plant in Bataan....

Ayala Group inks power plant deal with Marubeni unit

The Ayala group through AC Energy Philippines Inc. (ACEPH) has signed a shareholders’ agreement with a unit of Marubeni Corp. related to a joint venture for a 150-megawatt diesel-fired po­wer plant in Rizal. ACEPH said in a disclosure that the deal also involved its...