Davao City Approves EV Incentives Ordinance

Davao City Council approved an ordinance granting incentives to EV manufacturers, dealers, and users to promote sustainable transportation, including tax holidays and free parking.

PCG Seizes P80M Smuggled Cigarettes in Cebu City

The Philippine Coast Guard confiscated two container vans of illicit cigarettes worth up to P80 million in a raid at Cebu City's North Reclamation Area, following surveillance and intelligence reports.

Pag-IBIG Home Loans Hit ₱32.92B in Q1 2026

Pag-IBIG Fund released ₱32.92 billion in home loans in Q1 2026, up 9% year-on-year, financing 20,926 homes. Socialized housing loans surged 68%, aiding lower-income members.

DOT Awards PHP19.25M to Tourism Start-Up Projects

The Department of Tourism awarded PHP19.25 million in grants to student-led tourism start-up projects under its Tourism Start Up Challenge, with three national winners each receiving PHP5 million.

PH Bank Lending Up 10.7% in March 2026

Philippine bank lending expanded 10.7% year-on-year in March 2026, driven by business loans and consumer credit, supporting production and household consumption.

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