KCars Inc. inaugurated its Hyundai Marikina last week marking its first partnership with Hyundai Motor Philippines Inc. (HMPH). The showroom is located at Lot 33 Blk 30 Gil Fernando Avenue, barangay Roque, Marikina City and it spans 4,405 sqm and can accommodate four display vehicles and up to nine vehicles in its service area.  “We at KCars are so happy …

Honda Cars Philippines will soon be introducing the new HR-V RS e:HEV, its third hybrid model in the market after the CR-V and the Civic in getting closer to their goal for carbon neutrality by 2050 and plans to inaugurate four new dealerships within this year. This was revealed by HCPI president Rie Miyake during its Media Thanksgiving Party last …

Twelve brand-new Jetour X50 compact SUVs are up for grabs for the first half of the year as Jetour Auto Philippines and Midori Clark Hotel& Casino renewed their partnership for another great run at an exclusive and exciting raffle event. This is the third partnership run after the first two successful collaboration between JAPI and Midori since 2023 in which …

The Department of Trade and Industry (DTI) is optimistic about pursuing a bilateral free trade agreement (FTA) with the United States under the renewed Trump administration, according to Undersecretary Ceferino Rodolfo. Speaking at an event in Makati City last week, Rodolfo noted that President Donald Trump’s track record suggests a stronger possibility of advancing talks on a PH-US FTA during …

The Department of Finance (DOF) has issued a Joint Administrative Order (JAO) to combat smuggling, misdeclaration, and undervaluation of imported goods through streamlined customs procedures and enhanced inspection systems. The DOF released JAO No. 001-2025 to set in motion Administrative Order (AO) No. 23, which establishes a Digital and Integrated System for Pre-border Technical Verification and Cross-border Electronic Invoicing.  This …

Trade Secretary Cristina Roque emphasized the Philippines’ commitment to inclusive digital transformation to enhance its trade and financial ecosystems during the World Economic Forum’s (WEF) annual meeting in Switzerland. At the Innovative Trade Financing Forum last week, Roque highlighted how the Philippines is leveraging advanced technologies like artificial intelligence (AI) and digital tools to revolutionize supply chains, e-commerce, and services …

A Filipino ice cream brand has expanded into locally-sourced fresh milk production, aiming to provide livelihood opportunities for dairy farmers and significantly boost supply by late 2025. During the launch of Carmen’s Best fresh milk in Makati City recently, Jovy Hernandez, President and CEO of Metro Pacific Agro Ventures (MPAV)—the agricultural arm of Metro Pacific Investments Corp. (MPIC)—highlighted the company’s …

SteelAsia Manufacturing Corp., the country’s largest steel producer, is set to invest PHP30 billion in constructing a state-of-the-art steel facility in Candelaria, Quezon. In a statement released Wednesday, SteelAsia announced that the new plant will serve as an import substitute for heavy structural steel products, which the Philippines currently sources from other countries.  The facility will utilize cutting-edge European steel …

The Philippines has re-entered the international bond market for the first time this year with a dual-tranche offering of US dollar-denominated bonds, featuring both 10-year and 25-year maturities. National Treasurer Sharon Almanza confirmed that the government aims to raise at least USD500 million through these US dollar bonds.  The Bureau of the Treasury (BTr) has provided initial pricing guidance for …

The Philippines successfully raised a total of USD3.29 billion from the sale of US dollar and euro-denominated bonds, the Bureau of the Treasury (BTr) announced on Friday. The bond issuance included USD2.25 billion in 10-year and 25-year US dollar bonds and €1 billion (USD1.04 billion) in a 7-year euro bond. Both the 25-year dollar bond and the 7-year euro bond …