Domestic car manufacturers and traders slammed the decision of the Philippine government to slap a punitive safeguard duty on imported completely built up (CBU) cars and light commercial vehicles (LCVs), citing short and long-term risks to the industrial sector, price hikes, deferment of expansion...
The Philippines today slapped a provisional safeguard duty against imported passenger cars and light commercial vehicles (LCVs) to protect the domestic motor vehicle manufacturing industry from the onslaught of imported vehicles, a move that will hit Thailand and Indonesia the most being the top...
The Association of Vehicle Importers and Distributors, Inc. (AVID) continues its robust revival with a whopping 212 percent increase in sales, from 4,955 units sold in the second quarter of the year to 15,471 units sold in in the third quarter. AVID President Ma. Fe Perez-Agudo AVID President Ma....