Transport & Logistics
Competition Commission clears Ayala Logistics power play
The Philippine Competition Commission (PCC) has given the green light to a strategic joint venture between listed conglomerate Ayala Corp. and EMIF II Holding III B.V., clearing the latter’s acquisition of a roughly 40 percent stake in AC Logistics Holdings Corp.
Toyota urges sustained gov’t support for CARS program
Following the veto of the budget for fiscal support to the Comprehensive Automotive Resurgence Strategy (CARS) program, Toyota Motor Philippines (TMP) underscored the need for sustained government backing to ensure the country’s competitiveness in the automotive manufacturing sector.
PPA sees record holiday travel, over 6M passengers
The Philippine Ports Authority (PPA) reported that more than 6.28 million passengers traveled through the country’s ports during the recent holiday season, the highest number in the agency’s 52-year history.
Gokongweis rev up motorcycle retail push
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.
BOI moves to pay CARS arrears despite budget veto
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.
