Vietnamese electric vehicle manufacturer VinFast has officially entered the Philippine motorcycle market, launching an early booking program for three electric two-wheeler models as it ramps up efforts to expand its footprint in Southeast Asia.
Vietnamese electric vehicle manufacturer VinFast strengthened its foothold in the Philippines after emerging as the country’s leading battery electric vehicle (BEV) brand while posting robust global sales growth in the first quarter of 2026.
The Philippine Economic Zone Authority (PEZA) is positioning itself to capture a larger share of Southeast Asia's fast-growing electric vehicle (EV) supply chain, with Vietnam's VinFast emerging as a potential new investor as Indonesian automotive manufacturers expand their presence in Philippine economic zones.
VinFast is positioning its seven-seater VinFast Limo Green as a practical income-generating vehicle for Filipino ride-hailing drivers, as rising fuel prices and lower EV operating costs reshape transport economics in the Philippines.
Vietnam-based mobility platform Green GSM is ramping up its Philippine expansion after signing agreements with 75 transport companies and cooperatives for the planned deployment of up to 18,497 VinFast VF 5, Herio Green, and Limo Green electric vehicles across major urban centers nationwide.
Energy policy craftsmen are actively working to fulfill President Ferdinand Marcos Jr.’s directive to eliminate system loss charges from monthly electricity bills, pursuing a sustained policy push aimed at lowering energy costs across the country. The initiative targets both technical losses inherent in power distribution and non-technical losses caused by electricity theft, alongside the value-added tax (VAT) currently applied to these unconsumed kilowatt-hours.
ACEN Corp. posted a 411 percent jump in consolidated net income to P3.9 billion in the first half of 2026, from P763 million a year earlier, the Ayala Group energy firm said Tuesday.
To shield domestic livestock producers from market disruption caused by foreign supply spikes, the Department of Agriculture has activated special safeguard duties on select imported meat products. Issued under Department Order No. 24, series of 2026, by Agriculture Secretary Francisco Tiu Laurel Jr., the directive establishes temporary protective tariffs after government monitoring confirmed that incoming import volumes crossed official safety thresholds.
Jollibee Foods Corp. reported a 17 percent decline in first-semester net income this year, falling to P4.92 billion from P5.91 billion in the same period last year, even as a solid second-quarter performance could not offset earlier pressures.