When the pandemic took hold in 2020, many automotive companies struggled to continue communications with their customers. The lockdown had forced many showrooms to close, disrupting the way car companies do business. Realizing the value of digitalization early on can be a boon, particularly when...
Automotive leader Toyota Motor Philippines (TMP) has urged Filipinos to patronize locally produced vehicles as it supports government efforts to promote local car production even turning bullish with 30 percent recovery growth on sales and the operation of its P4.5-billion new logistics hub...
MB file photo The Philippine Metalworkers Alliance (PMA-SENTRO) has called for a review of the automotive industry development plan stating the imposition of the safeguard measure is not enough to save the domestic automotive industry and stop car companies' exodus from the Philippines. PMA...
The Philippines’ Tariff Commission (TC) has set a public hearing on wide ranging product categories totaling 37 tariff lines, including rice, corn, cars, motor vehicle parts, chemicals, and cement imported from Thailand which tariff concessions may be suspended in retaliation to Thailand’s...
Will bonds shift demand locally? On January 4, 2020, the Department of Trade and Industry announced the imposition of a safeguard duty or tariff on imported cars in response to a petition made by the Philippine Metalworkers Alliance (PMA). The provisional safeguard duty will be in the form of a...
Just a few days ago, the Department of Trade and Industry announced the imposition of a safeguard duty or tariff on imported cars in response to a petition made by the Philippine Metalworkers Alliance (PMA). The provisional safeguard duty will be in the form of a cash bond amounting to P70,000/unit...
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...
Board of Investments (BOI) Managing Head Ceferino S. Rodolfo is amenable to a three-year delay in the compliance of the volume requirement by participants of the Comprehensive Automotive Resurgence Strategy (CARS) Program in consideration of the setback caused by the pandemic. Rodolfo made...
The Department of Trade and Industry (DTI) is finalizing its report on its investigation on the surge in the importation of motor vehicles into the country, indicating that government is on its way towards the imposition of safeguard measure against imported cars to protect the domestic industry...
Just this week, Pantone announced the colors of the year , being Ultimate Gray and Illuminating (yellow). It may seem like a trivial bit of information, perhaps even odd that some institute should dictate the year’s colors to be used. Yet this seemingly innocuous announcement has wide-reaching...
By BERNIE CAHILES-MAGKILAT Toyota Motor Philippines (TMP), the country’s largest car company, has acknowledged that while it continued to import vehicles to meet local demand it also said that producing vehicles locally is an even more essential part of the economic recovery efforts of the...
