Business leaders welcomed President Ferdinand R. Marcos Jr.'s renewed anti-corruption drive in his fifth State of the Nation Address, saying a stronger crackdown on graft could improve investor confidence, while urging the administration to match its message with reforms that make the Philippines more competitive.
Mitsubishi Motors Philippines Corp. (MMPC) is preparing to invest P7 billion in local hybrid electric vehicle production once the government formally rolls out the Electric Vehicle Incentive Strategy (EVIS), becoming one of the first automakers to publicly commit fresh capital under the proposed incentive program.
President Ferdinand Marcos Jr. used his fifth State of the Nation Address on Monday to present an agenda centered on lowering household costs, strengthening energy security and accelerating infrastructure, signaling a renewed focus on economic resilience as global uncertainties persist.
President Ferdinand Marcos Jr. highlighted major energy reforms during his State of the Nation Address, focusing on adopting nuclear energy and removing system loss charges from electricity bills.
A University of the Philippines study is urging the government to consider using the Maharlika Investment Fund (MIF) to finance a dedicated semiconductor development fund that could help the Philippines move into higher-value segments of the global chip industry.
The Department of Trade and Industry (DTI) is targeting the settlement of outstanding incentives under the Comprehensive Automotive Resurgence Strategy (CARS) program within the year before fully rolling out a new generation of automotive incentives, including the Electric Vehicle Incentive Strategy (EVIS).
The Chamber of Real Estate and Builders’ Associations (CREBA) is pushing for housing reforms that protect buyers while keeping homebuilding commercially viable, warning that excessive regulation and tax uncertainty could ultimately squeeze housing supply.
CHERRY is tightening the protection of its intellectual property as the homegrown electronics brand expands beyond mobile phones into smart home devices and other consumer technologies sold increasingly through e-commerce.