The Gokongwei group is revving into a new growth lane after the Philippine Competition Commission (PCC) cleared Robinsons Supermarket Corporation’s acquisition of 100 percent of Premiumbikes Corp., marking the retailer’s first foray into the automotive sector.
The Board of Investments (BOI) has moved to calm investor nerves, assuring Toyota Motor Philippines Corp. and Mitsubishi Motors Philippines Corp. that nearly P4 billion in unpaid incentives under the Comprehensive Automotive Resurgence Strategy (CARS) program will still be settled—despite President Ferdinand Marcos Jr.’s veto of the budget allocation.
In a city defined by traffic jams, fuel price shocks, and marathon commutes, Metro Manila’s transport problem rarely lacks bold ideas—only workable ones.