Tag: Electric Vehicle

The Philippines is bracing for a decline in local palay production this year, with output expected to drop by at least 1 million metric tons due to severe weather patterns and soaring input costs, according to the Department of Agriculture.

The Government Service Insurance System has set aside P1.69 billion in emergency lending assistance to help nearly 69,000 members and pensioners in three calamity-stricken areas weather the dual impacts of severe El Niño conditions and a worsening dengue outbreak.

Agriculture Secretary Francisco Tiu Laurel Jr. has stood firm on the necessity of canceling the import permit for 12,480 metric tons of Vietnamese rice, framing the decisive action as a key component of the administration's broader policy to protect local farmers, curb unnecessary importation, and enforce strict agricultural regulatory standards.

The Philippine Economic Zone Authority (PEZA) will help Toyota Motor Philippines Corp. (TMP) pursue outstanding incentives under the Comprehensive Automotive Resurgence Strategy (CARS) program, as the government seeks to sustain automotive manufacturing investments despite softer export prospects this year.