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Another carmaker has made some changes to cope with the Department of Trade and Industry's (DTI) provisional safeguard duties on vehicle imports. Mazda Philippines has just announced that it has already begun collecting security deposits for purchases of select vehicles.Since
Stocks are projected to cover all customer purchases in March
Carmakers have had to make some big decisions to cope with the Department of Trade and Industry's (DTI) new safeguard bonds on vehicle imports. Companies such as Toyota, Honda, Mitsubishi, Isuzu, and Ford have all had to adjust their prices or
“The auto industry is a key driver of economic activity”
Aside from reaffirming its commitment to local automotive production as one of only two carmakers to retain manufacturing facilities in the country, Toyota Motor Philippines (TMP) is also strengthening its importation activities with the planned opening of its Batangas Vehicle Logistics Hub
“The problem is that there isn’t much local manufacturing left to save”
It was shocking news to wake up to, on the first work week of the year, when the Department of Trade and Industry (DTI) announced that it would be slapping an additional P70,000-P110,000 bond on imported vehicles to preserve
by Niky Tamayo
See how the world of motoring has fared in the first few days of 2021
Here’s a simple explainer
The Department of Trade and Industry (DTI) dropped a bombshell to start off 2021, as the agency announced that it will be imposing new safeguard duties on imported vehicles in a bid to protect the local car manufacturing industry.If you've
Likens move to ‘pulling the rug from under the auto sector’
Yesterday, the Department of Trade and Industry (DTI) announced the implementation of provisional safeguard duties on car imports in the Philippines. The measure comes in the form of cash bonds amounting to P70,000 per unit for passenger cars, and P110,000
by Drei Laurel
The measure will take effect for 200 days starting January 20, 2021
Big news for the local automotive industry to start off 2021: The Department of Trade and Industry (DTI) has announced that it will impose certain cash bonds on imported vehicles as provisional safeguard duties.This decision comes as a response to the
The new ruling will ease vehicle imports and exports in the region
The Philippine automobile industry is embracing a landmark agreement by members of the Association of Southeast Asian Nations (ASEAN) that eases testing regulations on automotive products in the region.In a statement released to Esquire Philippines, the Chamber of Automotive Manufacturers Association
A technical working group has been formed
A technical working group (TWG) composed of automotive industry stakeholders and resource persons with the goal of "fine-tuning" a bill aimed at expediting the registration of imported vehicles has been formed by the House of Representatives.House Bill 6455, which was
by Drei Laurel
Bureau of Customs withholds 14 luxury cars
We all know the Bureau of Customs is a fetid cesspool inhabited by corrupt people. Where else can an ordinary employee in the Philippines afford a Porsche? But to be fair to those concerned, there are still righteous individuals who aspire to
With a release document now required for every unit
The Bureau of Internal Revenue has reportedly made importing a premium vehicle harder for local distributors since the agency is now asking them to secure a release authority for each unit that they\'ll be bringing into the country.According to BusinessWorld,
