RAADEE S. SAUSA, TMT

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MITSUBISHI Motors Philippines Corp. (MMPC) said it has commenced mass production of the Mirage hatchback model at its Santa Rosa, Laguna plant under the government’s Comprehensive Automotive Resurgence Strategy (CARS) program. The first Philippine-made Mitsubishi Mirage hatchback was unveiled in ceremonies led by MMPC outgoing president and chief executive officer…

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SUZUKI Philippines Inc. (SPH) said it posted 35 percent sales growth for the first half of the year on the back of effective brand-building efforts in numerous platforms, particularly in recent months. The company said successive openings of new dealerships in the country’s key cities and the launch of products…

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ISUZU Philippines Corp. (IPC) posted 7.3 percent growth in sales in the first six months of the year driven mainly by brisk demand for its Commercial Vehicle (CV) units, a top company official said. “We believe that as the year progresses, the buying power of Filipinos would also grow. This…

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THE Department of Trade and Industry-Board of Investments (DTI-BoI) and the Department of Labor and Employment (DoLE) signed on July 25 a joint Department Order (DO) on guidelines in the accreditation of garment firms. These guidelines would cover garment manufacturers, exporters and subcontractors who would want to avail of preferential…

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TATA Motors Philippines, the local unit of India’s largest maker of commercial vehicles (CVs), launched on Tuesday a range of CVs in the country through a distribution agreement with local partner Pilipinas Taj Autogroup Inc. “The Philippines is one of our key markets in Southeast Asia and we are delighted…

POST-SONA

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BUSINESS leaders on Tuesday cheered President Rodrigo Duterte’s state of the nation address (SONA) delivered the day before, describing the points he raised and policies he reiterated as “honest,” “direct to the point” and “refreshing.” “No pretensions and direct to the point. Frank appeal to end temporary restraining orders and…

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THE government is urging businesses to invest in materials-recovery facilities for the impending phaseout of the country’s old iconic jeepneys. The phaseout is expected to result in scrap materials that could offer an opportunity for upstream industries in scrap recycling, Board of Investments (BoI) Managing Head Ceferino Rodolfo said. “With…

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THE Board of Investments (BOI) has approved Robinsons Land Corp.’s (RLC) Summit Hotel and Resorts Group’s P500-million hotel project in Tacloban City in Leyte which is expected to help boost recovery efforts in the region. “This will serve as a significant boost to the recovery efforts in the region, beefing…

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THE Cagayan Economic Zone Authority (CEZA) will soon become a bustling economic growth center and tourist destination as well as a major transshipment and logistics hub in Northern Luzon, the newly designated CEZA administrator said on Monday. CEZA Administrator and Chief Executive Officer Raul Lambino added, “As the President’s personal…

BOI APPROVES MANDAUE-BASED SMALL FIRM’S APPLICATION

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THE Board of Investments (BoI) said it has approved an application by Maison Galuchat Inc., a Mandaue City-based micro enterprise, to set up a furniture-manufacturing project worth P9.13-million. Maison seeks to manufacture furniture and accessories and export 100 percent of the production to Asia, Europe and the United States. The…

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