Tag: DBM

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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).

DBM pressed to clear CARS arrears

Economy Context.ph Context.ph -
Lawmakers are pressing the Department of Budget and Management (DBM) to finally clear nearly P4 billion in government arrears owed to two major automakers under the Comprehensive Automotive Resurgence Strategy (CARS), a move seen as critical to restoring investor confidence in the Philippines’ industrial policy.

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SEMPHIL expansion draws 30 Korean suppliers

Communications & Technology 0
Samsung Electro-Mechanics Philippines Corp.’s (SEMPHIL) P50.7-billion expansion is starting to draw interest from its Korean supply chain, with about 30 Tier 1 suppliers of parent Samsung Electro-Mechanics Co. Ltd. (SEMCO) expected to come to the Philippines in October to assess potential local investments.

ACMobility takes EV safety campaign nationwide

Transport & Logistics 0
ACMobility has launched a nationwide electric vehicle safety education program covering EV technology, charging, ownership, and vehicle safety as electric vehicles become more common in the Philippine market.

Marcos signs expanded tertiary education law

Education, Health & Science 0
President Ferdinand Marcos Jr. on Friday signed amendments to the Universal Access to Quality Tertiary Education Act, expanding government assistance beyond free tuition to help poor and disadvantaged students stay in college or technical-vocational training and build a larger skilled workforce.

PCCI backs $110B electronics export target

Trade & Investments 0
The Philippine Chamber of Commerce and Industry (PCCI) is backing the electronics industry’s push to raise exports to USD110 billion by 2030, but said achieving the target will depend on how quickly the government and industry can turn the new roadmap into investments, skills, and higher-value semiconductor capabilities.

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