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