THE Board of Investments (BOI) targets to release the implementing rules and regulations (IRR) of the Comprehensive Automotive Resurgence Strategy (CARS) Program next month so that fiscal preparations can be made to unlock the incentives offered under the program.
President Benigno Aquino 3rd approved last month Executive Order (EO) 182 implementing the CARS Program, which aims to encourage Philippine car makers to scale up and invest in parts manufacturing.
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