Tag: CARS

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CARS incentives finally shift into gear 

Economy Context.ph Context.ph -
Government incentives under the Comprehensive Automotive Resurgence Strategy (CARS) Program could finally begin flowing this year, with funding initially sourced from declared savings of the Department of Public Works and Highways (DPWH).

Gov’t secures funds, calms carmakers’ nerves

Economy Context.ph Context.ph -
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.

Metalworkers warn auto policy backslide risks jobs

Economy Context.ph Context.ph -
The country’s metalworkers are sounding the alarm over what they see as a quiet but consequential retreat from industrial policy.

Mitsubishi seeks to fast-track CARS claims

Economy Context.ph Context.ph -
Mitsubishi Motors Philippines Corp. (MMPC) said it will work closely with government agencies to ensure the swift processing and release of its incentives under the Comprehensive Automotive Resurgence Strategy (CARS) Program, following President Ferdinand Marcos Jr.’s veto of the program’s proposed 2026 budget allocation.

Auto parts makers sound alarm bells after budget veto

Transport & Logistics Context.ph Context.ph -
Philippine auto parts manufacturers are warning that the veto of funding for the Comprehensive Automotive Resurgence Strategy (CARS) could accelerate the decline of the country’s already fragile automotive manufacturing sector.
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CAB lowers fuel surcharges; cheaper airfares from July 16–31

Transport & Logistics 0
Air passengers will get cheaper tickets from July 16 to 31, as the Civil Aeronautics Board (CAB) cuts fuel surcharges amid falling global jet fuel prices. Rates drop to Level 8 from the earlier Level 9, with domestic passenger surcharges at ₱253 to ₱787, and international rates at ₱835.05 to ₱6,208.98. Cargo fees will range from ₱1.30 to ₱3.80 per kg domestically and ₱4.29 to ₱131.92 per kg internationally.

Manulife PH names new executive

Corporate Bulletins 0
Manulife Philippines has appointed Erwin Go as chief corporate solutions and alternative distribution officer, and he will join the company’s executive committee. Go will lead strategy for group insurance, partnerships, and new distribution channels as the firm expands growth options and improves experiences for clients and partners.

P&A Grant Thornton opens new office in Pampanga, expanding to Central Luzon

Corporate Bulletins 0
P&A Grant Thornton has launched its latest office in Clark Freeport Zone, Pampanga, extending its professional services to businesses across Central Luzon and supporting the region’s ongoing economic growth.

Vitarich charts long-term growth with renewed corporate purpose

Corporate 0
Vitarich Corp. is sharpening its long-term growth strategy after delivering stronger profitability in 2025, with the integrated poultry and animal nutrition company using organizational reforms to position itself for sustained expansion in the Philippine agribusiness sector.

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