The latest news and trends in the domestic market.
DTI chief sees approval of RACE budget this year
MANILA – Department of Trade and Industry (DTI) Secretary Ma. Cristina Roque on Tuesday expressed optimism that the proposed Revitalizing the Automotive Industry for Competitiveness Enhancement (RACE) program will be approved and funded this year. In an interview, Roque said discussions on the program —described as a modified version of the Comprehensive Automotive Resurgence Strategy (CARS)— are ongoing.
“We’re hoping for that, definitely,” she said, referring to the discussions to be finished this year.
“But I can’t really say when. We need to finish the discussions first.”
SBCorp. allocates P2B in loans for female-run firms
THE Department of Trade and Industry (DTI) said the Small Business Corp. (SBCorp.), has allocated P2 billion this year for a loan program targeting women-led enterprises.
“We continue to support women entrepreneurs seeking local and global expansion, while also opening opportunities for those ready to expand, create jobs, and strengthen local economies,” Trade Secretary Cristina A. Roque said.
“We understand that capital is a challenge to many, and the DTI through SBCorp. has tailored programs to meet the needs of our MSMEs, like this Women’s Enterprise Fund (WEF),” she added.
Strong MSME engagement sets the stage for SM Supermalls’ 2026 programs
