Car sales up 18% in 2017 to over 425K units

MANILA — Sales of automotive vehicle manufacturers in the country rose to 425,673 units in 2017, up  18.4 percent from 359,572 units in 2016, joint report of Chamber of Automotive Manufacturers of the Philippines, Inc. (CAMPI) and Truck Manufacturers Association (TMA) showed Wednesday. Commercial vehicle buoyed the industry sales last year as it rose 26.4 … Read More

PH targets USD131-B exports by 2022

MANILA — The Philippines targets USD122 billion to USD131 billion revenues from exports of goods and services by the end of the Duterte administration, Export Marketing Bureau (EMB) Director SenenPerlada said Friday. On the sidelines of the Slingshot ASEAN, Perlada told reporters that the Department of Trade and Industry (DTI) is crafting the Philippine Export … Read More

DTI chief, biz group pay tribute to SyCip

MANILA — Trade Secretary Ramon Lopez paid homage on Monday to the late business leader Washington SyCip, who passed away on Saturday. Lopez recognized the contribution of SyCip in pursuing social development initiatives that benefitted many Filipinos. “We are saddened to hear of the passing of an inspiring Filipino icon, who has transcended beyond the business … Read More

Pres. Duterte to gov’t agencies: Cut red tape

MANILA, Aug. 10 — President Rodrigo Duterte has reminded government agencies dealing with businesses to cut red tape and urged businessmen to report those who are engaged in corruption. “Corruption is really one I don’t like,” Pres. Duterte said during his keynote address to businessmen at the 2017 Sulong Pilipinas, a Philippine Development Forum at … Read More

ASEAN, Japan tackle NoKor, South China Sea

  MANILA — The meeting of foreign ministers of the 10-member state ASEAN and Japan here over the weekend discussed critical regional issues such as situations on Korean Peninsula and South China Sea, said Japanese Foreign Ministry Deputy Press Secretary Toshihide Ando. In a press briefing Sunday evening, Ando mentioned that Japanese Foreign Minister Taro … Read More

Car makers want perks for electric, hybrid vehicles production

MANILA — Automotive vehicle manufacturing groups have pushed for incentives to support the production of electric vehicles (e-vehicles) and hybrid vehicles in the country. During the pre-event press conference for the 1st ASEAN Electric and Hybrid Vehicles Summit Friday, Chamber of Automotive Manufacturers of the Philippines, Inc. (CAMPI) President Rommel Gutierrez said providing fiscal and … Read More

Pres. Duterte asks Putin for arms

MOSCOW — President Rodrigo Duterte has requested Russian President Vladimir Putin for a soft loan for weapons which will be used by the Philippine government in its fight against terrorism. President Duterte made this request during his bilateral meeting with the Russian leader at the Grand Kremlin Palace here Tuesday evening (early Wednesday morning in … Read More

Pres. Duterte back in PHL

MANILA, May 24 — President Rodrigo Duterte has arrived in Manila from Moscow at 4:30 p.m. Wednesday. President Duterte left Moscow at 1:38 a.m. Wednesday (Moscow time) or 6:38 a.m. in Manila. The Chief Executive flew back to Manila and cut short his four-day official visit in Russia after declaring martial law in Mindanao on … Read More

President Duterte arrives in Moscow with 19 high-level official delegation

MOSCOW — President Rodrigo Duterte has arrived here in Moscow, Russia past 11 p.m. Monday (past 4 a.m. May 23, Manila time). Nineteen high-level officials are joining the President’s official visit to Russia which include Senate President Aquilino Pimentel III, Executive Secretary Salvador Medialdea, Foreign Affiars Secretary Alan Peter Cayetano, National Defense Secretary Delfin Lorenzana, … Read More