A Filipino lawmaker proposes a bill to boost the local automotive industry with tax breaks and subsidies.

A Filipino lawmaker has proposed a bill to boost the local automotive industry by offering tax exemptions and subsidies to car manufacturers and parts makers. The bill aims to increase local vehicle production beyond the current 23% share and support a wider range of car models. It seeks to enhance the Comprehensive Automotive Resurgence Strategy (CARS) by providing a more inclusive framework for the entire automotive sector, potentially generating more jobs and tax revenue.

November 19, 2024
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