Agriculture

The government has moved to steady investor confidence in the automotive sector, assuring participants in the Comprehensive Automotive Resurgence Strategy (CARS) program that long-promised incentives will be honored despite last year’s budget setback.

The Philippines has opened its doors wider to Chinese tourists with a new policy granting 14-day visa-free entry—but the real question is whether travelers from the world’s largest and most dynamic tourism market will actually walk through.

Agriculture Secretary Francisco P. Tiu Laurel Jr. has directed state-owned Food Terminal Inc. (FTI) to buy large volumes of mung beans and chili peppers directly from local farmers to stabilize prices and reduce dependence on imports.