Home » Archives
Comprehensive Motor Vehicle Development Plan Seen Released Soon
Published on 7 Aug, 2011 at 10:15 in Philippine Auto News | | No Comments
The Board of Investments (BoI) will “soon” release the much-delayed implementing rules and regulations for Executive Order 877-A, or the Comprehensive Motor Vehicle Development Plan, as it can no longer wait for further inputs on provisions governing the automotive sector.
Trade Undersecretary and BoI managing head Cristino Panlilio said the other parts of the IRR—including the rules governing motorcycles, trucks, and…
Car Loans Rise as Philippine Auto Industry Grows
Published on 26 Oct, 2008 at 15:52 in Philippine Auto News | | No Comments
Car loans climbed in June as the local automotive industry continued posting sales growth amid the perceived economic downturn.
Data from the central bank showed that automobile loans (ALs) stood at P79.1 billion as of end-June, 3.3 percent higher than the loans extended for car purchases at the end of the first quarter….
