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SM Prime Holdings Inc. is expanding three malls in Iloilo, Batangas, and Naga, adding about 70,000 square meters of gross floor area to its regional retail portfolio in the fourth quarter of 2026.

Ferronoux Holdings Inc. shareholders have approved a P1.52-billion property-for-share swap with Eagle I Landholdings Inc., giving the latter a majority stake in the listed investment holding company as Ferronoux expands into real estate.

The Anti-Red Tape Authority is moving to help clear regulatory bottlenecks for the proposed Pax Silica Innovation Ecosystem in New Clark City, while insisting that faster government approvals will not mean weaker legal, environmental, or social safeguards.

The government will tap P4.081 billion in savings from the Department of Public Works and Highways’ 2025 budget to settle overdue automotive manufacturing incentives, including about P1.5 billion owed to Toyota Motor Philippines Corp. under the Comprehensive Automotive Resurgence Strategy.