Tag: U.S. Trade and Development Agency

Aboitiz Equity Ventures Inc. said its indirect subsidiary is contesting a hefty penalty from Malaysian regulators over alleged anti-competitive behavior, pushing back against findings it says do not reflect its business practices.

The peso is quietly reclaiming its footing, with the USD/PHP pair slipping for a second week (-0.3 percent) after a brisk four-week climb. 

Electric vehicle (EV) momentum is accelerating in the Philippines, with BYD Philippines doubling down on expansion as it banks on rising consumer interest, stronger sales and a cost-driven value proposition.

The government is aiming to fully settle its remaining obligations under the Comprehensive Automotive Resurgence Strategy (CARS) Program by 2027, according to Ceferino Rodolfo, managing head of the Board of Investments.