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Philippines drops RACE, pivots to EV incentives 

The Philippine government has scrapped its long-planned Revitalizing the Automotive Industry for Competitiveness Enhancement (RACE) program, opting instead to fast-track a new incentive framework focused on electric vehicles, a senior investment official said.

Negros Power pours P1.3B into grid upgrades; cuts outages and expands rural electrification

Negros Electric and Power Corporation (Negros Power) is seeking to accelerate its grid modernization by allocating P1.3 billion to upgrade infrastructure, expand electricity access and improve service reliability across the province. 

Converge expands hiring to support network growth

Leading fiber broadband provider Converge ICT Solutions Inc. is increasing its workforce to support its expanding digital infrastructure across the country.

Nueva Ecija farmers test cheaper fertilizer method to cut costs

The Department of Agriculture (DA) is testing a new, lower-cost fertilizer approach to help rice farmers cope with rising input prices.

Megaworld expands lead in green office developments

Megaworld Corp., the property development arm of tycoon Andrew Tan, has strengthened its position as the country’s leading developer of green office spaces after securing another sustainability certification for its growing portfolio.

Just in

ACMobility charging network expands as BYD sales surge 

ACMobility has captured nearly half of the Philippines’ open-access electric vehicle charging network as it rapidly expands infrastructure alongside the surging sales of Chinese EV brand BYD.

Beverage group warns P20 tax could raise drink prices

A proposed P20 increase in the excise tax on sweetened beverages could push up drink prices and put further pressure on consumers and small retailers, the Beverage Industry Association of the Philippines (BIAP) warned.

Taiwan firms target PH energy, healthcare, farm gaps

Taiwanese companies are looking to expand in the Philippines by targeting gaps in energy, healthcare, agriculture, and digital infrastructure, with 125 firms showcasing technologies at Taiwan Expo 2026 in Manila.

ED Council approves key amendments to NSCR, MCIA PPP projects

The Economy and Development (ED) Council, which operates under the Department of Economy, Planning and Development (DEPDev) has given the green light to amendments covering the North-South Commuter Railway (NSCR) Operations and Maintenance (O&M) deal and the Mactan-Cebu International Airport (MCIA) public-private partnership (PPP) project, alongside adjustments to three major development programs and a review of class suspension rules.
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