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Funding for vetoed RACE program still under discussion — Trade department
Business World Philippines
|January 28, 2026
THE Department of Trade and Industry (DTD said it is still in discussions for funding a vetoed incentive program known as Revitalizing the Automotive Industry for Competitiveness Enhancement (RACE).
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“We're hoping for that, definitely. But I can’t really say when, we need to finish the discussion first,” Trade Secretary Ma. Cristina A. Roque told reporters on the sidelines of an event on Tuesday, when asked about the timetable for locking down the funding.
This story is from the January 28, 2026 edition of Business World Philippines.
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