The Securities and Exchange Commission (SEC) has released proposed changes to the rules governing real estate investment trusts (REITs), aiming to widen the types of real estate assets that can generate income for REIT portfolios and give companies more flexibility in how they operate.

The Department of Public Works and Highways (DPWH) says the government could earn more than ₱100 million from auctioning luxury vehicles seized from contractors Curlee and Sarah Discaya, who are linked to irregularities in flood-control projects.

The Energy Regulatory Commission (ERC) has rejected proposals to increase its number of commissioners from five to nine, saying the move would not solve the agency’s current challenges.