GAC Motor Returns to NADA To Meet North American Dealers

January 29, 2019
SAN FRANCISCO -- Automaker GAC Motor has returned to the National Automobile Dealers Association Show (NADA), the premier showcase of auto products, services and technologies being held from January 25 to 27 in San Francisco, to connect with dealers in North America as it continues to advance its plans to enter the market.

Top economists see 7.2% growth

January 28, 2019
The Philippine economy is forecast to make a comeback this 2019 with a range of 6.8 percent to 7.2-percent growth and an above-average expansion in the next two years, while it is poised to weather risks that are currently dampening other neighboring economies, according to a renowned Philippine-based economist.

Car importers report 17% sales drop

January 24, 2019
On Wednesday, the Association of Vehicle Importers and Distributors (AVID) reported that sales of both passenger car and light commercial vehicle segments were down last year by 22 percent and 14 percent, respectively.

Economy to grow 6.8%-7.2% this year

January 16, 2019
The Philippine economic growth trajectory is expected to pick up this year, growing between 6.8 percent and 7.2 percent on an upturn in consumption spending amid improving inflation outlook, the First Metro Investments Corp. (FMIC) and the University of Asia and the Pacific (UA&P) said Tuesday.

Local carmakers’ sales down 16%

January 15, 2019
The overall sales of local carmakers dropped by 16 percent in 2018, greater than its projected 14-percent decline for the year, the Chamber of Automotive Manufacturers of the Philippines, Inc. (CAMPI) reported.

No letup in anti-inflation drive

January 07, 2019
The government’s economic managers on Friday vowed to continue working towards further reining in the prices of commodities, even as the country’s inflation rate has already declined to a seven-month low of 5.1 percent in December.