Tag: Toyota

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Toyota flags scale, flexibility concerns after RACE axed 

Transport & Logistics Context.ph Context.ph -
The decision to scrap the Revitalizing the Automotive Industry for Competitiveness Enhancement (RACE) program has drawn a measured response from Toyota Motor Philippines Corp. (TMP), the country’s largest vehicle assembler, which had been preparing for the initiative’s rollout as early as last year.

Toyota Philippines profit hits record on EV push 

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Toyota Motor Philippines (TMP) booked a record P19 billion net income in 2025, up 18.9 percent from P16.03 billion a year earlier, parent GT Capital Holdings reported, as strong vehicle demand and an expanding electrified lineup lifted results.

GT Capital earnings rise on strong core units

Corporate Context.ph Context.ph -
GT Capital Holdings, Inc. posted a 17 percent increase in consolidated net income to P33.68 billion in 2025, driven by solid contributions from its...

Toyota Philippines targets 20% EV sales

Transport & Logistics Context.ph Context.ph -
Toyota Motor Philippines is ramping up its electrification push, targeting electrified vehicles to account for 20 percent of total sales this year, as demand for greener mobility gains traction.

Toyota expands EV push amid fuel spike

Transport & Logistics Context.ph Context.ph -
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.
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PhilWeb returns to profitability in first half 2026

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PhilWeb Corp. announced Tuesday it has returned to profitability in the first half of the year, posting net income of P60.96 million — a turnaround from the P41.76 million loss recorded in the same period last year.

Converge backs DTI push to accelerate MSME digitalization 

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Converge ICT Solutions Inc. is strengthening its push to help micro, small, and medium enterprises (MSMEs) adopt digital technologies as it partners with the Department of Trade and Industry (DTI) to expand access to connectivity, digital tools, and artificial intelligence.

GMR eyes wider Philippine airport presence

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Indian infrastructure giant GMR Group is looking to expand its Philippine footprint as it positions its newly opened Alluri Sitarama Raju International Airport in Andhra Pradesh as a gateway connecting India with Southeast Asia.

2027 budget targets recovery as economy slows

Economy 0
The government is betting on an economic rebound in 2027, building its proposed P7.2-trillion national budget around faster growth, easing inflation, and a gradual recovery in investment after a bruising year.

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