Economy
BOI moves to pay CARS arrears despite budget veto
The Board of Investments (BOI) has moved to calm investor nerves, assuring Toyota Motor Philippines Corp. and Mitsubishi Motors Philippines Corp. that nearly P4 billion in unpaid incentives under the Comprehensive Automotive Resurgence Strategy (CARS) program will still be settled—despite President Ferdinand Marcos Jr.’s veto of the budget allocation.
PCC launches online portal, easing anti-competition complaints
The Philippine Competition Commission (PCC) is making it easier for citizens to report potential anti-competitive practices with the launch of its online case reporting system.
Clark manufacturers compete to hire laid-off garments workers
Following the closure of Charter Link Clark, Inc., nearly 500 garment workers in the Clark Freeport Zone are finding new opportunities as rival manufacturers step in to fill the gap.
Venezuela Strike Sparks Oil Jitters, Philippine Markets
Global markets are bracing for turbulence after the US weekend strike in Venezuela, which resulted in the capture of President Nicolas Maduro and signals a temporary US administration of the country. Analysts warn the move could ripple across energy markets, with implications for the Philippine economy.
BOI pivots focus as 2025 targets falter
The Board of Investments (BOI) is recalibrating its strategy in 2026, moving from chasing renewable energy registrations to supporting project execution and targeting high-value sectors.
