Toyota Motor Philippines Corp. (TMP) has tapped P2.9 billion in tax payment credits under the government’s Comprehensive Automotive Resurgence Strategy (CARS) program, but the incentives pale beside the scale of the carmaker’s taxes paid and export footprint, according to government and industry data.

The Tariff Commission (TC) has recommended against imposing a definitive general safeguard duty on imports of recycled corrugating medium, concluding that statutory thresholds under Philippine trade law were not fully satisfied after a months-long investigation.

The Philippines has emerged as ASEAN’s top tourism economy, leading the region in tourism’s contribution to gross domestic product and ranking among the strongest job creators, according to the 2025 World Travel and Tourism Council (WTTC) Economic Impact Report.