Car industry warns time running out for Philippines
By Ben Arnold O. de Vera
Monday,
09 August 2010
www.manilatimes.net
AUTO industry associations want the Aquino
administration to expedite its review of the Comprehensive Motor Vehicle
Development Program (CMVDP) so the country can catch up with its Southeast
Asian neighbors. Department of Trade and Industry (DTI) Undersecretary Cristino
Panlilio, who is also Board of Investments (BOI) managing head, said last week
said that the government will review Executive Order 877-A to align it with the
employment generation thrust of the Aquino administration.
Vehicle
sales hit record growth in a single month in July, pushing year-to-date sales
to a robust growth of 37 percent.
A report of
the Chamber of Automotive Manufacturers of the Philippines Inc. (CAMPI) shows
that July registered an all-time high sales of 15,972 units, bringing total
sales for the year to 98,119 units, up 37.2 percent from 71,506 units in the
same seven-month the previous year.
MOTOR vehicle sales in July zoomed to an
“all-time high” so far this year, the Chamber of Automotive Manufacturers of
the Philippines Inc. (Campi) said. In a joint report with the Truck
Manufacturers Association, Campi said sales last month reached 15,972 units, up
5.2 percent from June’s 15,189 units, and about a third higher than the 11,597
units sold in July last year.
Industry sales during the first seven months of this year totaled 98,119 units,
37.2-percent higher than the 71,506 units in the same period last year.
