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...
The Philippines’ motorcycle industry is on an upward trajectory, with sales surging in the first quarter of the year, fueled by consumers’ growing appetite for a more affordable mode of transport as the economy maintains stable growth. The latest data from the Federation of Asian Motorcycle...
Car sales in the Philippines posted a six-percent hike as of the end of February, driven by a growing demand for electric vehicles (EVs) and personalized driving experiences, according to the Chamber of Automotive Manufacturers of the Philippines Inc. (CAMPI). A joint report by CAMPI and the...
The Philippines' motorcycle sales surged last year as Filipinos sought affordable transportation amid traffic woes and the rise of e-commerce and ride-hailing services. Data from the Federation of Asian Motorcycle Industries (FAMI) showed that motorcycle sales in the Philippines jumped past 1.6...
More motorcycles were added to Philippine roads as sales swelled to over 1.2 million units as of end-September this year, the latest Federation of Asian Motorcycle Industries (FAMI) report showed. FAMI's updated database this week showed that the five member-companies of the Motorcycle Development...
Motorcycle sales as of end-August zoomed past the one-million mark in the Philippines, where growth in both new units sold and domestic production is the fastest among the five original member-states of the Association of Southeast Asian Nations (ASEAN). For Robert Dan J. Roces, economist at the...
Owing primarily to favorable outcome of its better inventory holdings, major oil firm Shell Pilipinas Corporation posted significant hike of 1,320 percent in its first half net income to P1.7 billion from relatively lean profit of P123 million in the same period last year. The company indicated...
Despite robust outcome at its top line, the consolidated net income of leading oil player Petron Corporation posted a slight downturn in the first half to P6 billion from last year’s P6.14 billion in the same period. On the company’s operating income, this logged more favorable result with 8.0...
Having posted record sales of roughly 9.0% in the first half and with cash stream from additional generated capacities, power utility giant Manila Electric Company (Meralco) has scaled up its profit goal to P43 billion for the entire year from its initial target of P40 billion. Meralco Chairman...
Car sales increased in the first six months of the year with both the passenger car and commercial vehicle segments experiencing growth. A joint report by the Chamber of Automotive Manufacturers of the Philippines, Inc. (CAMPI) and the Truck Manufacturers Association (TMA) revealed that total...
While the intention of the Land Transportation Office (LTO) to penalize the unregistered sale or mortgage of vehicles is laudable, Sen. Grace Poe said that it must have a clear policy for a polished execution. "The agency needs to ensure that the systems are in place for a smooth rollout of the...
The upturn in sales had propelled 16 percent rise in the first quarter net income of leading player Petron Corporation to P3.93 billion from last year’s three-month outcome of P3.4 billion. Petron indicated that the profitability climb had been registered across operational chains of the...
