BusinessJuly 13, 2026

BoI Proposes P9 Billion Support for RACE Program to Boost Local Auto Industry

The Board of Investments is set to propose substantial funding for its RACE program, a move that could reshape the automotive landscape in the Philippines. As industry demands shift, this initiative seeks to bridge traditional gasoline vehicle production with the future of electric mobility.

Mateo Dela CruzRead

BusinessJune 10, 2026

DTI Revives RACE Program to Support Internal Combustion Engine Vehicles

The Department of Trade and Industry is set to reinstate the RACE program, offering new incentives for internal combustion engine vehicles. This decision comes as the automotive market faces an 11.8% decline in sales.

Mateo Dela CruzRead