Exclusion of motorcycles, trikes from P60-B incentive for EVs questioned

Inquirer.net - Sep 17, 2026

Ahead of its planned rollout, the Philippines’ P60-billion incentive scheme for electric vehicle (EV) manufacturers is facing pushback from a leading industry group, which questioned why the program is focused on four-wheeled vehicles and excluded motorcycles and tricycles. Electric Vehicle Association of the Philippines (Evap) president Willy Tee Ten said he was puzzled as to

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MANILA, Philippines — Government budget releases remained slightly behind last year’s pace by end-August, putting greater pressure on agencies to accelerate spending in the remaining months of 2026. Latest data from the Department of Budget and Management (DBM) showed that allotment releases had reached 94.1 percent, or P6.391 trillion of the P6.793-trillion budget in the

DBS bets on strong PH growth rebound but flags energy risk

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MANILA, Philippines — The Philippines has the potential to grow by an average of 5.8 percent a year from 2026 through 2035, according to DBS Bank Ltd., though it warned that the country’s heavy reliance on imported energy could weigh on that expansion. In a report copublished with Bain & Company and Vriens & Partners,

Toyota protests exclusion of hybrid cars from TNVS slots

Sep 17, 2026

MANILA, Philippines — Toyota Motor Philippines Corp., is questioning the exclusion of hybrid electric vehicles (EVs) from the 7,500 new ride-hailing slots in Metro Manila opened by the Land Transportation Franchising and Regulatory Board (LTFRB). Under Memorandum Circular No. 2026-084, which took effect on Aug. 27, the LTFRB allocated additional Transport Network Vehicle Service (TNVS) slots

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MANILA, Philippines — Production of palay (unmilled rice) and corn could post double-digit declines this third quarter, according to the latest estimates of the Philippine Statistics Authority (PSA), with smaller harvest areas expected to gnaw on output. Based on standing crops as of Aug. 1, the PSA estimated palay production in the July-to-September period at 3.19

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MANILA, Philippines — An increase in excise tax on sweetened beverages, alcohol and tobacco could push inflation to as high as 4.5 percent in 2027, adding to price pressures as the country continues to grapple with the oil shock fallout. This is according to Chinabank Research’s latest commentary, which said the tax increases proposed by the

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MANILA, Philippines — The Bangko Sentral ng Pilipinas (BSP) is proposing a more streamlined process for disciplining errant banks and their directors, officers and employees, with penalties ranging from reprimands and fines to suspension, removal from office and disqualification. The BSP is collecting comments from stakeholders on a draft circular that will spell out how the

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The expression “Keep it simple, stupid (Kiss)” has been the advocacy of the Federation of Philippine Industries (FPI) in addressing the dangerous problem of substandard products, especially steel bars. Given climate change, this has become urgent; though some at the Department of Trade and Industry (DTI) favor this, such as Assistant Secretary Regino Mallari, others

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MANILA, Philippines — Alternergy Holdings Corp., a listed renewable energy company, is making its debut in the debt market to raise P2 billion, as it rolls out more clean power facilities. The company on Wednesday said its board of directors had given the go-ahead to issue green fixed-rate notes worth P2 billion. READ: Alternergy inks

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MANILA, Philippines — The Bases Conversion and Development Authority (BCDA) is bringing in one of Asia’s oldest banks to scout investment and financing opportunities across its Clark properties, which form part of the foreign-backed Luzon Economic Corridor. Under a memorandum of understanding, Standard Chartered Bank Philippines—the first foreign bank established in the country—will jointly study with

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MANILA, Philippines — SM Prime Holdings Inc. has renewed its nearly two-decade partnership with World Wide Fund for Nature-Philippines (WWF-Philippines) to strengthen marine conservation efforts at Hamilo Coast in Nasugbu, Batangas. SM Prime said on Wednesday that, through leisure resort residences developer Costa del Hamilo Inc. (CDHI), it entered the fifth phase of the Hamilo Coast

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MANILA, Philippines — Filinvest Group has tapped the green mobility subsidiary of Manila Electric Co. (Meralco) to equip its properties with solutions supporting electric vehicles (EVs). In a statement on Wednesday, Movem Electric Inc. said the partnership would cover the deployment of EV requirements across Filinvest’s commercial, residential and office developments. READ: Toyota cautious but

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MANILA, Philippines — Grab is deepening its push into financial services with a $1.49-billion deal to acquire a controlling stake in Atome Financial, the Singapore-based buy now, pay later (BNPL) fintech that operates in the Philippines and four other Southeast Asian markets. On Tuesday, Grab said it would acquire a 60-percent equity interest in Atome Financial

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Exclusion of motorcycles, trikes from P60-B incentive for EVs questioned

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