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).
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.
The Clark Development Corp. (CDC) is driving local supply chain integration within the Clark Freeport Zone, urging manufacturers and exporters to source materials from fellow locators to cut import reliance under the Luzon Economic Corridor (LEC).
Long before budget flights and remote work made moving abroad a breeze, a brave crew of Filipinos packed up, headed to Spain and Andorra, and essentially wrote the manual on surviving Europe.
DHL Express is hiking its shipping rates in the Philippines by an average of 5.9 percent starting January 1, 2027, passing on rising global operational pressures to local businesses engaged in international trade.