Philippines Fiber Optic Cable Network Ltd., Inc. (PFOCN) has secured a Green Lane Certificate from the Board of Investments (BOI), accelerating its P49.56-billion Phase 2 nationwide fiber optic expansion and underscoring government support for large-scale digital infrastructure.

The Department of Agriculture (DA) plans to convert up to 37,000 hectares of rice fields in Nueva Ecija to mung bean production after major irrigation damage threatened rice output in the country’s top rice-producing province.

Federal Land Inc., a wholly owned subsidiary of GT Capital Holdings, and its subsidiary Horizon Land Property Development Corp. have sold their entire 52 percent stake in Crown Central Properties Corp. to Crown Equities, Inc. for P73.475 million.