There is no surge in importation of both passenger cars and light commercial vehicles (LCVs) into the country and the increase in the volume of importation cannot be considered “recent, sudden, sharp, and significant,” according to the Tariff Commission Staff Report. The report is a...
Workers in the motor vehicle industry have opposed the inclusion of 2020 data on imported vehicles in the Tariff Commission’s investigation whether the imposition of safeguard measure against imported completely built up passenger cars and light commercial vehicles be made permanent or...
The House Committee on Trade and Industry on Monday, May 24 approved the draft bill on the proposed law that seeks to strengthen the competitiveness of the Philippine motor vehicle manufacturing industry. The panel particularly approved the draft bill on House Bill No. 1833 or the proposed...
The Land Transportation Office (LTO) has further extended the registration validity of motor vehicles as a way to avoid overcrowding in its offices as it resumed operations in the Greater Manila Area this week. Land Transportation Office (FILE PHOTO / MANILA BULLETIN) This, as the agency resumed...
GT Capital Holdings, Inc., the flagship of the Ty family, reported a 53 percent drop in core net income to P7.4 billion last year from the P15.8 billion earned in 2019. In a disclosure to the Philippine Stock Exchange, the firm said consolidated net income reached P6.5 billion last year, 68...
Ford Philippines has unveiled the Ford Ranger FX4 MAX, a new Ranger pickup truck that delivers off-road driving capabilities inspired by the Ranger Raptor while living up to the Ranger’s brand of comfort, safety, and versatility. The Ranger FX4 MAX comes in six colors, including Arctic White,...
Japanese motorcycle giant Yamaha Motor has expanded its Philippine motorcycle manufacturing operation with P2.691 billion investments and hiring of additional 1,300 jobs for its plant in Batangas. Philippine Economic Zone Authority (PEZA) Director General Charito “Ching” Plaza, who attended the...
Motor vehicle sales in ASEAN plunged 29 percent in pandemic year 2020 with all countries in the red with Indonesia and the Philippines posting the steepest declines, data from the ASEAN Automotive Federation (AAF) showed. Based on the AFF data, ASEAN countries’ combined sales reached only...
The Department of Trade and Industry will require motor vehicle dealers to allow outright cash mode of payment as an option amid complaints that buyers are forced to pay on installment basis only where interest rate is usuriously high. DTI Secretary Ramon M. Lopez said at the Senate hearing by the...
DOTr Secretary Arthur Tugade (Photo bB Ali Vicoy) Private Motor Vehicle Inspection Center (PMVIC) owners on Feb. 11 heeded the call of Department of Transportation (DOTr) Secretary Arthur Tugade to lower their current inspection fees for private vehicles from P1,500-P1,800, to P600 while there is a...
DOTr Secretary Arthur Tugade (Photo bB Ali Vicoy) Department of Transportation (DOTr) Secretary Arthur P. Tugade today (Feb. 11) appealed to private vehicle inspections centers (PMVICs) to lower their inspection fees for private vehicles registering with the Land Transportation Office (LTO) from...
The Department of Transportation (DOTr) is automating its motor vehicle inspection system to ensure the roadworthiness of vehicles. Unsafe vehicles on the road can kill, Transportation Secretary Arthur P. Tugade underscored. in 2019 alone, Metro Manila had a total of 121, 771 road crashes,...
