ACEN plant operations manager unloads P16M shares

Ayala Corp. executive director Ramon Mejia Gabino has sold a big chunk of his holdings in the conglomerates energy unit, ACEN.

Mejia, who is head of ACEN’s plant operations, dumped two million shares at P8.20 each.

Mejia, who is president of NorthWind and North Luzon Renewables and One Subic Power, has 5.993 million ACEN shares worth P0 million in his portfolio.

Shell CEO hints energy firms should pay more tax

Shell’s departing chief executive indicated Tuesday that governments should “probably” tax energy firms more to help protect the poorest from rocketing electricity and gas bills and ease the cost-of-living crisis.