BoI weighs P9 billion in fiscal support for RACE program

WIRE — THE Board of Investments (BoI) said it is proposing P9 billion worth of fiscal support for its Revitalizing the Automotive Industry for Competitiveness Enhancement (RACE) program, which is designed to address continued demand for gasoline-powered vehicles. "(RACE is) supposed to be a bridge of the CARS (Comprehensive Automotive Resurgence Strategy) and the EVIS (Electric Vehicle

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