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.
Philippine merchandise exports reached a record $8.8 billion in June 2026 as growing demand for semiconductors used in artificial intelligence, Internet of Things devices, and hyperscale data centers boosted electronics shipments.
The Philippine government is backing the planned expansion of Canadian enterprise software firm OpenText in the country, a move officials said could bring more investments in cloud computing, artificial intelligence (AI), cybersecurity, and other digital technologies while generating additional high-value jobs.
The Asean Digital Economy Framework Agreement (DEFA) seeks to facilitate cross-border digital transactions by establishing common frameworks for areas such as digital identities, online consumer protection, electronic payments, cybersecurity, data governance, and emerging technologies.
The Department of Trade and Industry (DTI) has clarified that it is no longer pursuing a proposed policy that would have required businesses to secure government permits before publishing advertisements and promotional materials.
The Philippines is expanding its international partnerships to support artificial intelligence (AI) development and critical minerals cooperation under the US-led Pax Silica initiative, with recent engagements in the UAE, Israel, and Türkiye.
The Philippines’ export sector posted a record monthly performance in March 2026, driven largely by sustained global demand for electronics used in emerging technologies.
The Intellectual Property Office of the Philippines (IPOPHL) has partnered with the Department of Trade and Industry (DTI) to expand the use of a global creator identification system aimed at improving the visibility and protection of Filipino artists in international markets.
The Department of Trade and Industry (DTI), through its financing arm Small Business Corporation (SBCorp), is launching a ₱2-billion loan facility aimed at helping small transport operators and drivers transition to electric vehicles.
The Department of Trade and Industry (DTI) has outlined a roadmap aimed at positioning the Philippines as a global semiconductor and electronics hub, targeting $110 billion in annual exports by 2030.
