With pump prices climbing past P100 per liter, Toyota Motor Philippines (TMP) is accelerating its shift toward electrified mobility, positioning hybrids and battery electric vehicles as practical alternatives for cost-conscious motorists.
The Truck Manufacturers Association, Inc. (TMA) has backed a government move allowing the temporary use of lower-grade fuel, but warned it must be enforced with “utmost caution” to avoid damaging modern vehicles.
President Ferdinand R. Marcos Jr. has ordered the release of P145.56 billion to fund the Central Mindanao High Standard Highway Project, aiming to accelerate infrastructure development and spur economic growth in the region.
Rising global oil prices, fueled in part by Middle East tensions, are increasingly pressuring export-oriented firms. The Philippine Economic Zone Authority (PEZA) is acting to shield its locators by boosting logistics efficiency within ecozones, Director General Tereso Panga said.