Government reaffirms auto industry supportFrom AB Capital's The Opening Bell: Three MovesEventThe government confirmed that obligations under the CARS Program will still be paid despite the 2026 budget veto, tapping verified savings from the 2025 budget. Agencies emphasized that the government “will not abandon the auto industry,” aiming to restore investor and manufacturer confidence. Credible payment of nearly P4bn in obligations stabilizes automaker sentiment and reduces execution risk around future industrial policy. ActionIn our view, this strengthens the medium-term manufacturing story and limits downside to the local auto supply chain. It is not to be construed as an offer or solicitation of an offer to sell or buy the securities herein mentioned.

Source: Philippine Star January 20, 2026 03:21 UTC