InDrive, a ride-hailing company with roots in Russia but based in California, is preparing to enter the Philippine market dominated by Grab Philippines after it sought to secure a franchise license. Arsen Tomsky, InDrive CEO and founder, said they submitted their request to have transport network vehicle service (TNVS) slots before the Land Transportation, Franchising and Regulatory Board (LTFRB). The …
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June, 2023
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20 June
Tony Fernandes optimistic on local tourism
Capital A chief executive officer Tan Sri Tony Fernandes is willing to hasten the local tourism industry’s recovery and attract more foreign investments to the Philippines. The AirAsia owner said more customers are switching from more expensive to less expensive products and doing shorter trips as a result of flying across the Pacific. In the Philippines, connectivity has always been …
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20 June
MG Philippines Super Discounted Crossover SUV
Owning a crossover SUV is made very available by The Covenant Car Company, Inc. (TCCCI) – MG Philippines – with its “Make Your Way With MG” promo that will run until the end of the month. You can drive home in style behind the wheel of the MG ZS Style AT variant for a low down payment of only P98,000 …
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20 June
Chery sets May record sales
Chery Auto Philippines enters the Magic 10 ranking in the passenger vehicle sales with 323 units sold for the month of May based on the latest data reported by the Chamber of Automotive Manufacturers of the Philippines, Inc. (CAMPI). It was a 51 percent increase from Chery’s total sales of 214 units in April and this is mainly …
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20 June
Team Kramer fits Jetour philosophy
In a sea of fame car brands often associate their products with, one family exuded the prestige, luxury, and ideals of travel plus to the fore – the Kramer Family. Composed of celebrity husband and wife Doug and Chesca, along with their kids Kendra, Scarlett, and Gavin, is your typical Filipino family with their good-natured way of life that values …
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20 June
Hot selling Ford Territory
The Next-Generation Ford Territory is making waves in the local automotive industry with over 1,500 units sold two months after it was launched, thanks to its powerful yet efficient performance, stylish design, premium interiors, and smart technologies. The Territory Titanium is available at P1,335,000 while the Titanium X is available at P1,599,000 and they come in six colors — Blue …
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20 June
Isuzu Philippines opens Valenzuela dealership
Isuzu Philippines Corporation (IPC), the country’s leading truck manufacturer and distributor, will soon be opening its Isuzu Valenzuela at one of the highly urbanized cities of Bulacan. To be operated by long-time dealer principal Industrial & Transport Equipment, Inc. (INTECO), Isuzu Valenzuela sits on a 2,000 square meter land along MacArthur Highway corner Bartolome street in Valenzuela City. It is …
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19 June
Philippine tourism expected to achieve up to 8 percent growth this year
The share of tourism to the country’s gross domestic product (GDP) could reach as high as eight percent this year due to the further reopening of the Philippine economy, an economist said on Friday. Rizal Commercial Banking Corporation chief economist Michael Ricafort In an interview with the Philippine News Agency (PNA), Rizal Commercial Banking Corporation chief economist Michael Ricafort said …
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19 June
The Triumphs and Sacrifices of Filipino Working Fathers
In the bustling metropolis where dreams are forged, a remarkable group of fathers silently tread the path of dedication and sacrifice. On Fathers’ Day, we shine a spotlight on the unsung heroes of the Filipino workforce, whose unwavering commitment to their families often goes unnoticed amidst the demands of their careers. For many Filipino working fathers, the journey begins before …
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19 June
‘Filipinos now more value-conscious in FMCG purchases’—Kantar
Filipinos are coming out of the pandemic more value-conscious than ever, Kantar, the world’s leading marketing data and analytics company, reveals based on its latest data about the FMCG (Fast Moving Consumer Goods) industry. The Kantar report also outlines key trends that are shaping consumer behavior amidst rising tides of inflation. “Filipinos are becoming more critical of their brand choices, especially …
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The Market Monitor Minding the Nation's Business