BOI warns of delay in rules of new car devt program
By Ben Arnold O. De Vera Reporter
Monday,
23 August 2010
www.manilatimes.net
THE implementing guidelines of the new
automotive program would be ready only next month, or well past the end-August
deadline, as the Board of Investments (BOI) is awaiting inputs from a group of
vehicle importers. Cristino Panlilio, BOI managing head, told reporters after
meeting with the Alliance of Vehicle Importers and Distributors (AVID) on
Friday that the group has been given two weeks to submit its position paper
containing their recommendations for the implementing rules and regulations
(IRR) of the Comprehensive Motor Vehicle Development Program (CMVDP) or
Executive Order (EO) 877-A.
Board of Investments asks car firms to submit 5-yr devt plans
By Ma. Elisa P. Osorio
Monday, 23 August 2010
www.philstar.com
MANILA,
Philippines - The government is asking local car manufacturers to submit a list
of demands to ensure additional investment in auto assembly in the next five
years.
The Board of
Investments (BOI) said that they are waiting for car manufacturers to give them
a list of what they need. The BOI is in the process of crafting the Motor
Vehicle Development II (MVDP). This is a supplement to the Comprehensive MVDP.
ALICE, WHO
runs a farm supplies business, is one of many Filipinos who use their family
vehicle for business errands, or vice versa.
“When you
buy a car, the cost doesn’t end there,” she says in Filipino. “A car needs
maintenance and repairs. So it’s better to buy a car for family and business
use. That way it [car] pays for itself,” she says.
