Auto sales slide to nearly pandemic-era lows
Vehicle sales by members of the Chamber of Automotive Manufacturers of the Philippines (CAMPI) and the Truck Manufacturers Association (TMA) sank to a 47-month low in April, signaling continued weakness in the Philippine auto market amid a surge in fuel prices following the conflict in the Middle East.
FAST, DTI boost Northern Mindanao MSME logistics
FAST Logistics Group and Department of Trade and Industry Misamis Oriental have expanded their partnership to strengthen logistics support for micro, small, and medium enterprises (MSMEs) in Northern Mindanao, aiming to help local businesses reach wider markets and build more resilient supply chains.
PH, EU near landmark free trade deal
The Philippines and the European Union are closing in on a free trade agreement (FTA), moving in step with the target set by Trade Secretary Cristina Roque to wrap up negotiations by June or July this year.
DHL launches global heavyweight express cargo service
DHL Express is ramping up its push into heavyweight air cargo with the worldwide rollout of Heavy Weight Express (HWX), a new premium service aimed at businesses needing faster and more dependable delivery for large shipments.
Fuel prices set to rise again this week
Local fuel prices are poised to increase once more, with gasoline expected to go up by P0.80 to P1.00 per liter and diesel by P0.40 to P0.60 per liter this week, according to an anonymous local fuel retailer. The projection is based on five-day average global trading rates, full-week Platts Singapore price benchmarks, peso-dollar exchange shifts, and changes in cargo premiums.
