The Department of Finance (DOF) and Department of Trade and Industry (DTI) have backed the government’s new P60-billion incentive program for electric vehicle manufacturers, saying it could attract investments and develop a domestic EV supply chain.
The Bangko Sentral ng Pilipinas (BSP) and the Department of Justice (DOJ) have signed an information-sharing agreement aimed at speeding up the investigation and prosecution of financial account scams.
In a post on X after returning from the Philippines, Binance founder Changpeng Zhao said the country has climbed to fourth place globally in TRM Labs' Country Crypto Adoption Index, reflecting the increasing use of digital assets among Filipinos.
The Department of Finance (DOF) has welcomed the pilot launch of the National Single Window–Integrated Trade Facilitation Platform (NSW-ITFP), a digital system designed to consolidate import, export, and transit-related government processes into a single online platform.
During a meeting with AIIB officials, Department of Finance (DOF) secretary Frederick D. Go identified red tape and high energy costs as among the country’s major economic challenges.
Government-run Landbank has reduced its InstaPay transfer fee for person-to-person transactions from P15 to P8 as it pushes to make digital banking services cheaper and more accessible to Filipinos.
The European Union has awarded the Philippines a €22.6-million (around ₱1.4-billion) Digital Economy Package to accelerate the country’s digital transformation, strengthen cybersecurity, and expand the use of artificial intelligence in government services.
Department of Finance (DOF) secretary Ralph G. Recto urged Indian companies to explore investment opportunities in the Philippine technology and services sectors during the Philippine-India Business Forum last Aug. 7.
The new hub has the potential to create hundreds of jobs in the Philippines in the near future, including across key customer service functions, the company said.
