Tag: RACE

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Toyota flags scale, flexibility concerns after RACE axed 

Transport & Logistics Context.ph Context.ph -
The decision to scrap the Revitalizing the Automotive Industry for Competitiveness Enhancement (RACE) program has drawn a measured response from Toyota Motor Philippines Corp. (TMP), the country’s largest vehicle assembler, which had been preparing for the initiative’s rollout as early as last year.

Philippines drops RACE, pivots to EV incentives 

Trade & Investments Context.ph Context.ph -
The Philippine government has scrapped its long-planned Revitalizing the Automotive Industry for Competitiveness Enhancement (RACE) program, opting instead to fast-track a new incentive framework focused on electric vehicles, a senior investment official said.

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.

CAMPI presses gov’t on auto incentives

Economy Context.ph Context.ph -
The Chamber of Automotive Manufacturers of the Philippines, Inc. (CAMPI) has urged the government to immediately release long-delayed incentives under the Comprehensive Automotive Resurgence Strategy (CARS) Program and to fast-track the rollout of its successor, the Revitalizing the Automotive Industry for Competitiveness Enhancement (RACE) program.

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The Country Place offers extended Baguio stays for groups

Travel & Tourism 0
Baguio has a way of making visitors want to linger. The cool mountain air, pine-scented mornings, coffee stops, and leisurely walks can make a quick weekend feel almost too short.

Luzon corridor puts $20-B project pipeline before investors

Economy 0
The Philippines put more than USD20 billion worth of infrastructure and industrial projects before about 600 local and foreign investors, seeking to turn the Luzon Economic Corridor (LEC) from a development blueprint into a pipeline of fundable deals.

Tiu Laurel urges ASEAN-India cooperation on food security risks

Agriculture 0
Agriculture Secretary Francisco P. Tiu Laurel Jr. called for stronger ASEAN-India collaboration Wednesday at the Ninth ASEAN-India Ministerial Meeting on Agriculture and Forestry, warning that geopolitical tensions, climate shocks, and volatile farm input costs threaten regional food supplies.

Luzon, Visayas co-ops seal 15-year power supply deals

Energy & Mining 0
Twenty-nine Luzon and Visayas electric cooperatives have secured long-term power supply agreements (PSAs) with six generation firms, ensuring stable electricity for millions, the National Electrification Administration (NEA) announced Thursday.

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