The Philippine garments industry is set to receive significant cost relief under the CREATE MORE Law, with new tax incentives aimed at lowering power and labor expenses as manufacturers grapple with rising costs and intensifying global competition.
The Philippines is expected to generate around 680,000 jobs and attract ₱120 billion in capital investment under the Electric Vehicle Incentive Strategy (EVIS), Trade Secretary Cristina A. Roque said, as the country positions itself as a key player in Southeast Asia’s EV manufacturing race.
The Securities and Exchange Commission (SEC) has launched a new incentive program aimed at helping corporations that have fallen behind on their annual report submissions restore their good standing.