ADB, Ayala ink $100-M loan to develop EV ecosystem

THE ASIAN Development Bank (ADB) and Ayala Corp. have signed a $100-million (around P5.8-billion) financing deal to support the company’s efforts to develop an electric mobility (e-mobility) ecosystem in the Philippines.

Philippines Secures $15 Billion Renewable Energy Deal With UAE’s Masdar

The Philippines is taking a significant step toward its energy transition goals with a landmark $15 billion agreement with Masdar, the United Arab Emirates’ state-owned renewable energy company. The deal aims to develop solar, wind, and battery energy storage systems across the Southeast Asian nation.