Tag: Toyota Motor

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Toyota seeks hybrid slots in Metro Manila TNVS

Mobility Context.ph Context.ph -
Toyota Motor Philippines Corp. (TMP) is pressing the transport regulator to allow conventional hybrid vehicles to compete for 7,500 new transport network vehicle service (TNVS) slots in Metro Manila, challenging the government’s decision to limit the latest allocation to plug-in and fully electric vehicles.

Toyota Tamaraw drives local manufacturing, MSME growth

Mobility Context.ph Context.ph -
Toyota Motor Philippines Corp. (TMP) hit a record 63,803 locally assembled vehicles in 2025 as its Next Generation Tamaraw helped expand domestic sourcing and business opportunities for parts suppliers, body builders, and small enterprises.

Gov’t taps P4.08B savings for auto incentives

Transport & Logistics Context.ph Context.ph -
The government will tap P4.081 billion in savings from the Department of Public Works and Highways’ 2025 budget to settle overdue automotive manufacturing incentives, including about P1.5 billion owed to Toyota Motor Philippines Corp. under the Comprehensive Automotive Resurgence Strategy.

Toyota PH remits P23.66B to customs

Trade & Investments Context.ph Context.ph -
Toyota Motor Philippines Corp. (TMP) remitted P23.66 billion in customs duties and taxes in the first seven months of 2026, emerging as the biggest revenue contributor to the Bureau of Customs-Port of Batangas (BOC-POB).

Toyota nears 3M sales as manufacturing fuels Philippine growth

Transport & Logistics Context.ph Context.ph -
Toyota Motor Philippines (TMP) is poised to surpass three million cumulative vehicle sales later this year, a milestone that highlights how nearly four decades of local manufacturing and sustained investments have helped cement its position as a key driver of jobs, industrial development, and the country's automotive sector.
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Foreign currency reserves drop to $97.4B

Banking & Insurance 0
The Bangko Sentral ng Pilipinas (BSP) reported that the country’s gross international reserves (GIR) stood at $97.4 billion as of end-October 2026. This dip in foreign currency reserves was primarily driven by the central bank’s active foreign exchange interventions, downward adjustments in the value of gold assets amid shifting global prices, and the national government withdrawing funds from its central bank deposits to cover foreign debt service obligations alongside other international funding needs.

Motorcycle sales rebound 8.1% in Q3 to 524,860 units

Mobility 0
Motorcycle sales among the country’s four major manufacturers rebounded in the third quarter of 2026, rising 8.1 percent year-on-year to 524,860 units as stronger monthly volumes in August and September reversed the previous quarter’s contraction.

ASEAN growth summit brings business leaders, Angelina Jolie to Manila

Economy 0
The Philippines will bring some of the world’s biggest business names, regional policymakers and Hollywood actress Angelina Jolie to Manila on November 11 for a summit focused on how Southeast Asia can protect economic resilience, accelerate digital transformation and ensure growth reaches smaller businesses and underserved communities.

Japan-Philippines friendship highlighted at 82nd Battle of Surigao Strait commemoration

Context Dispatch 0
The enduring friendship and diplomatic ties between Japan and the Philippines took center stage during the 82nd commemoration of the historic Battle of Surigao Strait, jointly organized by the City of Surigao and the Province of Dinagat Islands.

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