The Philippines’ gross international reserves (GIR) declined to $104.6 billion at the end of April 2025, according to preliminary figures released by the Bangko Sentral ng Pilipinas (BSP) last week. This marked a drop from the end-March level of $106.7 billion. GIR, which consists of foreign currency assets such as securities, monetary gold, and foreign exchange, serves as the country’s …

The Land Transportation Franchising and Regulatory Board (LTFRB) denied appeals to further expand the existing motorcycle taxi fleet in Metro Manila, reasoning this could shrink the earnings of current public utility vehicle (PUV) drivers. LTFRB Chairman Teofilo Guadiz III said the agency will maintain the cap of 45,000 motorcycle taxis for Metro Manila. Guadiz also chairs the technical working group …

Hariphil Asia Resources, Inc., the Philippine distributor of Hyundai commercial vehicles, recognized the dealership teams whose exceptional performance in customer service and business development continues to drive industry transformation. The awards program took place within the first Hyundai Truck and Bus national conference of the year. Bringing together key dealership leaders and executives, the conference mapped out the year’s business …

Iñigo Anton, a promising young racer from the Philippines, made headlines recently with his outstanding performance in the first round of the Formula 4 Southeast Asia (SEA) Championship held at the Sepang International Circuit in Malaysia. The Fast Filipino clinched two Rookie Cup wins and achieved an impressive overall podium finish—a notable accomplishment for any racer, particularly someone in their …

Astara-backed JMC Philippines is expanding its electrified lineup with the official launch of the JMEV EV2 and JMEV EV3. The JMEV EV2 blends dynamic styling with smart, refined details and powered by a 26 kW motor producing 84 Nm of torque, enabling smooth city driving and hill climbing with a top speed of 105 km/h. A 15.86 kWh battery provides …

The winners of the 24th Henry Ford Awards (HFA) were presented recently by Ford Philippines during a ceremony at Whitespace Manila in Makati City. With the theme “Black and White”, the event recognized the outstanding contributions of automotive journalists who have chronicled the industry’s important events, trends and issues, putting them on ‘black and white’, marking an important impact to …

Whether it’s a last-minute invite to the beach or a spontaneous “let’s go” that turned into a full-blown road trip, the Bajaj Maxima Z is the go-to ride for every friends who are always ready for adventure. The Bajaj Maxima Z is here to make every trip affordable with its impressive fuel efficiency of 27 to 30 kms/liter, you can …

Motorists from Manila, Pasay, and Makati will soon be able to fill up with clean quality Caltex fuels as Chevron Philippines continues its mission of bringing Filipinos high-quality fuels and lubricants with the construction of a new retail site along the southbound lane of South Luzon Expressway. The site will serve millions of motorists south of the metro. Its proximity …

Grab Philippines and local motorcycle taxi platform Move It partnered with the Commission on Elections to launch #RIDETOVOTE — a two-phase voter education and empowerment campaign ahead of the May 12 midterm elections. Grab is leveraging its digital ecosystem — including its superapp, highly-engaged social media pages, and robust influencer network — to disseminate vital voter information in partnership with …

Great Wall Motor continues to make waves on the global automotive stage, recording an impressive 100,061 vehicles sold worldwide in April 2025 which underscores the brand’s rising global appeal, robust product lineup, and commitment to innovation across both traditional and new energy vehicles. The April figures reflect the strong performance of new energy vehicles which accounted for 28,813 units sold, …