• Mon, March 31, 2025

by: BusinessMirror

Banks lend ?34.41B for Acen's wind power build

ACEN Corp. recently disclosed it is borrowing from local banks to partly finance the P70-billion wind power project of its subsidiary, Giga Ace 6 Inc. ACEN said in a disclosure to the local bourse on Monday that an Omnibus and Security Agreement (OLSA) worth P34.

by: Forbes

Best Business Checking Accounts Of 2025

Taylor Tepper covered banking, investing and pretty much everything else in personal finance for more than ... re a sole proprietor or you operate a business with employees, it's critical ...

by: Week99er

Don't Miss Out: Best Cryptos to Buy for March 2025 With Real-World Power

Markets are cooking again, and crypto's pulling off its usual spring surprise. Bitcoin's reclaimed territory above $70K, ETH's flirting with a new ATH, and altcoins are quietly waking up from their winter nap.

by: CoinTelegraph

BNB Chain catches memecoin wave as Solana wipes out

BNB Chain is gaining ground in the memecoin wars, capturing retail trading volume as Solana cools. Analysts call it a cyclical shift, but the momentum is real.

by: Axios

BlackRock's Larry Fink treads cautiously in letter that shies from politics

BlackRock CEO Larry Fink reassures investors that this moment of economic anxiety will pass, in his annual letter out Monday morning. Why it matters: Fink runs the world's biggest asset manager and is hugely influential — his widely read letter typically reflects the business trends of the current moment.

by: TechRepublic

Business Loan Requirements & How To Qualify

A business plan outlines how you plan to utilize loan funds for business purposes and the key characteristics of your business, including structure, industry, location, and services or products offered.

by: WHIO

What to consider when choosing a corporate credit card program

Brex explains that modern corporate card programs provide more spending power, greater control and visibility over spending, and automated expense reporting for employees.

by: Insider

Goldman Sachs slashed its S&P 500 target again, with tariffs set to hit stock returns and economic growth

Goldman Sachs cut its S&P 500 target and raised its recession forecast. The bank now sees a 35% chance of a recession in the next 12 months.

by: Newspoint

Major Financial and Economic Changes from April 1, 2025: What Gets Expensive, What Gets Cheaper?

As the new financial year (FY 2025-26) begins, several key changes are set to take effect from April 1, 2025. These changes will impact tax rules, banking, UPI transactions, GST, motor insurance, loans,

by: CNET

Tax Credits vs. Deductions: How They're Different and What They'll Do for You

There are about two weeks left in the 2025 tax season, so you might want to get a move on. Even if you've only dipped a toe into the filing process, you might already be considering which credits and deductions you qualify for.

by: CNN

China beefs up its biggest banks to boost the economy

Four of China's largest state-owned banks said on Sunday they plan to raise a combined 520 billion yuan ($71.60 billion) in private placements from investors, including the finance ministry, after Beijing pledged to help them support the economy.

by: Fortune

Trump sons launch new Bitcoin mining business called 'American Bitcoin'

Eric Trump is American Bitcoin's cofounder and chief strategy officer. Matt Prusak, the former chief commercial officer of Hut 8, is the company's CEO. Justin Mateen, the cofounder of the dating app Tinder, is a board member, along with two other Hut 8 executives.

by: Reuters

Volvo goes back to car industry basics with surprise CEO switch

Volvo Car's abrupt decision to tap Hakan Samuelsson as its CEO puts the car industry veteran back in charge of steering the automaker through U.S. President Donald Trump's tariff turbulence and a wobbly transition to electric cars,

by: AOL

Rocket CEO discusses $11 billion acquisition spree and impact of Trump tariffs on housing

Earlier this month Rocket said it would purchase popular real estate brokerage and home data website Redfin ( RDFN) for $1.75 billion. The deal is seen boosting Rocket's mortgage origination business. Combined, Krishna has invested more than $11 billion this month. Rocket's stock price has fallen on both deals.

by: BellaNaija

Mastering Business and Life: Valuable Lessons From LG's Exclusive Masterclass

The modern business world is changing, and so are the conversations around it. At the LG Insider Business Masterclass, women from various industries came together to explore how technology, financial literacy,

by: CNBC

This bond fund manager dropped out of a Ph.D program to find her passion in finance

It wasn't until her Ph.D. program that she shifted gears — dropping out and getting an internship at Federated Hermes. It also brought her back home to Pittsburgh, where she grew up. "I was hired at Federated in our muni bond group and money market group,

by: AfroTech

FCC Announces Investigation Into Disney And ABC Due To Concerns That They Might Be 'Promoting Invidious Forms Of DEI Discrimination'

The Walt Disney Company and its ABC television network have joined the list of media companies the Federal Communications Commission (FCC) is investigating for their diversity, equity, and inclusion (DEI) practices.

by: Barchart

BP Plc Is Attracting Value Buyers with its 5.69% Dividend Yield and 10x P/E

BP Plc (BP), the integrated energy (oil and gas) company, has an attractive 5.68% dividend yield and a low 10x price/earnings (P/E) multiple. These are attractive value metrics for value investors, including short-sellers of out-of-the-money (OTM) put options.

by: Entrepreneur

Why Young 'Next Gen' Entrepreneurs Thrive on Innovation and Bold Moves

A new generation of decision-makers is changing practices with their innovative solutions, mixed banking preferences, and reliance on social media for education.

by: Reuters

Tesla deliveries likely fell as competition, Musk backlash surge

Tesla investors are bracing for a drop in first-quarter vehicle deliveries as a backlash against CEO Elon Musk's politics exacerbates weakening demand for the electric vehicle maker's aging lineup.

by: Insider

Primark's CEO resigned over an allegation of inappropriate behavior, which was an 'error of judgment,' company says

The CEO of a major budget fashion retailer has stepped down after a woman made an allegation of inappropriate behavior against him, the company says. According to a press release by Primark's owner, Associated British Foods,

by: Fortune

Trump's Social Security nominee is a Fortune 500 CEO. Will he fix the agency's customer-service problems, or run afoul of Musk's war on costs?

Fiserv CEO Frank Bisignano has the credentials to upgrade Social Security, but faces broad distrust because of DOGE's cuts.

by: Reuters

Allianz scraps nuclear, military exclusions to back Europe's rearmament drive

Germany's Allianz Global Investors has dropped two exclusions blocking its sustainable funds from investing in defence, becoming one of the first major European asset managers to change their policies to help finance the region's rearmament.

by: Reuters

Dow and X-energy submit for construction permit for nuclear project in Texas

Chemical firm Dow and X-energy Reactor Company have submitted a construction permit application to the Nuclear Regulatory Commission (NRC) for a proposed nuclear project in Seadrift, Texas, the companies said on Monday.

by: Reuters

Deutsche Bank: Kirsty Roth, Klaus Moosmayer proposed to join supervisory board

Deutsche Bank said on Monday that Kirsty Roth and Klaus Moosmayer have been proposed to join the German bank's supervisory board in a vote at the upcoming annual shareholder meeting on May 22.
  • Fri, April 4, 2025

by: Kiplinger

Machine Learning in Finance: Real-World Applications and Challenges

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by: AOL

WA House Finance Committee considers three major tax increase proposals

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by: Insider

U.S. Bank Business Checking Account Review: Pros, Cons, and Alternatives

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by: NFUonline

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NFU senior economist Sanjay Dhanda explains green finance and runs through a comprehensive list of the current finance schemes offered by the prominent banks that can help farmers build business resilience.

by: Cryptopolitan

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by: Investopedia

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She holds a Bachelor of Science in Finance degree from Bridgewater State University and helps develop content strategies. The term business analyst tends to be a generic job title in multiple ...

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by: Forbes

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by: Reuters

US bank stocks sink as Trump's tariffs cloud dealmaking, loan demand

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by: Week99er

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Ever feel like you're always one step behind in the crypto game? Wondering which altcoin is about to explode? Well, sit tight because MAGACOIN FINANCE is making waves, and you don't want to miss this ride.

by: deBanked

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by: CNN

Dow closes more than 700 points lower and the S&P 500 is on track for its worst quarter since 2022

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by: Forbes

Payment Risk Management: What Every Small-Business Owner Should Know

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by: Reuters

Vietnam's VietJet to sign aircraft finance deal, boost cooperation with Boeing, document says

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by: Investopedia

Here Are 5 Small Business Tax Strategies to Know for 2025

Stoy Hall, CFP and founder of Black Mammoth, shares how he's helping small business owners leverage tax planning strategies—including entity optimization, deductions, and retirement accounts—to minimize liability and build long-term wealth.

by: Cryptopolitan

Mutuum Finance (MUTM) Price Prediction: Here's Why Investors Are Ignoring Ethereum (ETH) and Solana (SOL) For MUTM In 2025

As the cryptocurrency market charges into 2025, a paradigm shift is unfolding. Ethereum (ETH) and Solana (SOL), once the undisputed performers of the

by: Insider

Boomers face a 'devastating' blow to their life savings as more tariff pain looms, finance guru warns

Finance professor Peter Ricchiuti told BI tariffs are "prosperity killers" that have turned running a business into a "big game of Whack-A-Mole."

by: Reuters

UK Supreme Court ruling on motor finance commissions went 'too far,' watchdog says

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by: Forbes

Best Online Finance Degrees Of 2025

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The CISO Evolution: How To Become A Business Enabler

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by: Reuters

Democrats ask SEC to preserve records related to Trump's crypto business, probing conflicts

A pair of top Democratic lawmakers asked the U.S. securities regulator on Wednesday to preserve records related to President Donald Trump's crypto venture World Liberty Financial and posed questions about potential conflicts of interest.

by: Forbes

Unlocking Wealth Preservation: How Premium Finance Can Empower Foreign Nationals

Premium finance represents a powerful solution for high-net-worth foreign nationals looking to preserve wealth while addressing estate planning challenges.

by: Forbes

Why Banks Are Tightening Lending, And What It Means For Your Business

With stricter lending, construction companies might have to downscale their projects or seek alternative financing sources, resulting in project delays, budget overruns and reduced profit margins. Additionally, the need for immediate cash flow can lead to a reliance on short-term loans, which often come with higher interest rates.

Banks lend ?34.41B for Acen's wind power build

ACEN Corp. recently disclosed it is borrowing from local banks to partly finance the P70-billion wind power project of its subsidiary, Giga Ace 6 Inc. ACEN said in a disclosure to the local bourse on Monday that an Omnibus and Security Agreement (OLSA) worth P34.
The article from BusinessMirror reports that banks have provided a loan of P34.41 billion to ACEN Corp. for the construction of its 440-megawatt (MW) wind power project in Pagudpud, Ilocos Norte. This financing, which includes a P27.7 billion green loan, is part of ACEN's strategy to expand its renewable energy capacity. The project, known as the Pagudpud Wind Project, is expected to be one of the largest onshore wind farms in the Philippines and will significantly contribute to the country's renewable energy goals. The funding was arranged by a consortium of banks including Bank of the Philippine Islands, Security Bank Corp., and Rizal Commercial Banking Corp., highlighting the growing interest in sustainable investments in the region.

Read the Full BusinessMirror Article at:
https://businessmirror.com.ph/2025/03/31/banks-lend-%E2%82%B134-41b-for-acens-wind-power-build/

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