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 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.
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.
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 Philippine Stock Exchange (PSE) has announced major updates to its criteria for companies joining the 30-member benchmark index, introducing a new market capitalization threshold and revised liquidity rules ahead of the February 2027 rebalancing period.
The Philippines and Japan established formal diplomatic ties in 1956, building a longstanding partnership centered on friendship, economic cooperation, and cultural exchange.
San Jose del Monte (SJDM) City in Bulacan has stepped up its emergency efforts as reduced allocations from the Metropolitan Waterworks and Sewerage System (MWSS) cut the local water district’s daily supply from 70 million liters to 45 million liters.
PMFTC Inc., the Philippine unit of Philip Morris International, has maintained its position as the country’s leading purchaser of locally grown tobacco leaves for three consecutive years.