SM Prime Holdings Inc., the property development arm of the Sy family’s business empire, announced it will complete the land reclamation portion of its 360-hectare Manila Bay project by the end of 2024, marking a major milestone in one of the country’s most ambitious urban infrastructure projects.
SM Leisure Resort Residences, a subsidiary of listed property developer SM Prime Holdings Inc., is reintroducing its expansive Hamilo Coast in Batangas—not just as a weekend escape, but as a permanent address—with the launch of Pico Terraces, a mid-rise residential enclave nestled within 2.3 hectares of prime seaside real estate.
SM Investments Corp. and its property development arm SM Prime Holdings Inc. are looking to the European bond market to raise funds to bankroll continued expansion and sustain growth.
Diversified investment holding company Ayala Corp. is reassessing its capital expenditure program for the year as global macroeconomic volatility forces a more cautious investment stance, though the conglomerate is keeping its earnings targets unchanged for now, according to president and CEO Cezar P. Consing.
The Department of Agriculture (DA) is preparing for a possible moderate to strong El Niño later in 2026, warning it could reduce farm output, cut farmers’ incomes, and slow economic growth.
ACMobility, Ayala Corp’s mobility arm, is on track for a financial turnaround after narrowing losses in 2025, with management expecting the business to reach profitability in 2026 as its electric vehicle push gains scale.
The Department of Environment and Natural Resources (DENR) will roll out 660 land titles for public school sites this year, giving schools permanent ownership of the land they occupy.