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.
In a city defined by traffic jams, fuel price shocks, and marathon commutes, Metro Manila’s transport problem rarely lacks bold ideas—only workable ones.
The Department of Transportation (DOTr) said Monday that the EDSA busway lanes between Roxas Boulevard and Orense are now fully open after repair works were completed.