Expect pickup trucks to be more costly after the provision reimposing the excise tax on the vehicle type was approved, alongside other tax reform measures under the proposed Capital Market Efficiency Promotion Act (CMEPA). The CMEPA, a legislation deemed a priority of the administration under the...
Vehicle sales in the Philippines grew by 2.5 percent in April, which marked the slowest growth in seven months, amid a sharp decline in passenger car sales. A joint report by the Chamber of Automotive Manufacturers of the Philippines Inc. (CAMPI) and the Truck Manufacturers Association (TMA) showed...
Local furniture manufacturers are seeking immediate government intervention to safeguard the industry from the impact of the 17-percent tariffs imposed by the United States on Philippine goods, citing the risk of potential factory closures and job losses. In a position paper addressed to the...
The 2nd International Machinery, Tools & Accessories Philippines (IMTAP 2025) and 3rd Philippine Subcon & Manufacturers Exhibition (PSMEX 2025) officially opened on May 8, 2025, with a well-attended and high-energy ceremony at the Lobby of Hall A, World Trade Center Metro Manila. The event welcomed...
Car sales in the Philippines rose by six percent at the end of March, totaling to over 110,000 vehicles sold, driven largely by strong demand for multi-purpose commercial vehicles. A joint report by the Chamber of Automotive Manufacturers of the Philippines Inc. (CAMPI) and the Truck Manufacturers...
Driven by robust demand for commercial vehicles, the Philippine auto market recorded substantial sales growth last year, with industry leaders optimistic about continued expansion this year. Data from the Chamber of Automotive Manufacturers of the Philippines Inc. (CAMPI) and the Truck...
The local cement industry, represented by the Cement Manufacturers’ Association of the Philippines (CeMAP), assured that it has more than enough capacity to meet demand from the domestic housing sector. During the 32nd National Developers Convention, CeMAP President Reinier Dizon said local...
The establishment of a “decarbonization fund” will be mandated for large-scale enterprises that will exceed their carbon emissions target, as proposed in a “Low Carbon Economy” bill that recently secured approval from the House Committee on Climate Change. The propounded “low carbon...
The Court of Tax Appeals (CTA) has denied the petition of five cement trading companies against the safeguard duties imposed by the government in 2019 on cement importations. In 2018, the Department of Trade (DTI) conducted a probe on the increased importations of cement. The investigation...
Carsales in May this year grew a dramatic 44.8 percent versus May 2022 with 38,177 units sold, bringing year-to-date sales to 166,104 units or 31.5 percent higher than the same period last year, a joint report by the Chamber of Automotive Manufacturers of the Philippines, Inc. (CAMPI) and Truck...
Motor vehicle sales went up 21.8 in April compared to the same month last year on improving economic situation and availability of a wider range of motor vehicle models, according to a joint report by the Chamber of Automotive Manufacturers of the Philippines, Inc. (CAMPI) and Truck Manufacturers...
Domestic motor vehicle sales in the first quarter this year went up by 30.1 percent to 97,284 units as against 74,754 units sold in the same period last year, with March sales hitting 36,880 units, making it the second highest monthly performance post pandemic, official industry data showed. A...
