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Ayala, ADB deal awarded for pushing electric vehicle use

October 23, 2025

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Business World Philippines

AYALA CORP. and the Asian Development Bank’s (ADB) $100-million financing deal has been recognized as the Philippines’ Transport Deal of the Year at The Asset Triple A Sustainable Infrastructure Awards 2025 for supporting the expansion of the country’s electric vehicle (EV) infrastructure.

- Alexandria Grace C. Magno

The agreement funds AC Mobility Holdings, Inc. (AMHD), Ayala’s mobility arm, in developing a network of charging stations and commercial EV fleets nationwide.

المزيد من القصص من Business World Philippines

Business World Philippines

Fed to trim rates twice more this year; 2026 rate path very unclear

— The US Federal Reserve will lower its key interest rate by 25 basis points (bps) next week and again in December, according to a Reuters poll of economists who remain deeply divided on where rates will be by the end of next year.

time to read

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DTI overhauls PCAB, tightens licensing rules

THE GOVERNMENT is set to implement major reforms in the country’s contractor licensing system as it overhauls the Philippine Contractors Accreditation Board (PCAB) amid investigations into anomalous flood control projects, Trade Secretary Ma. Cristina A. Roque said on Wednesday.

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time to read

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Business World Philippines

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1 mins

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time to read

1 mins

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Business World Philippines

Fix the budget process

The flood control scandal has more to do with the flawed budget process, rather than corruption itself.

time to read

3 mins

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Business World Philippines

Ayala, ADB deal awarded for pushing electric vehicle use

AYALA CORP. and the Asian Development Bank’s (ADB) $100-million financing deal has been recognized as the Philippines’ Transport Deal of the Year at The Asset Triple A Sustainable Infrastructure Awards 2025 for supporting the expansion of the country’s electric vehicle (EV) infrastructure.

time to read

1 min

October 23, 2025

Business World Philippines

Airbus opens second jet assembly line in China

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time to read

1 min

October 23, 2025

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