DTI to revive RACE program of incentives for ICE vehicles

THE Revitalizing the Automotive Industry for Competitiveness Enhancement (RACE) program will be revived, the Department of Trade and Industry (DTI) said, citing the need to support the internal combustion engine (ICE) vehicle industry due to continuing market demand. “We will issue the guidelines very soon,” Trade Secretary Ma. Cristina A. Roque told reporters on the […]