Sony Group Corporation and Honda Motor Co., Ltd. announced that they have signed a joint venture agreement to establish a new company to engage in the sale of high-value-added electric vehicles (EVs) and provide services for mobility. The announcement is the result of discussion of a strategic alliance in the mobility field between the parties as announced in the joint …
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Toyota Motor Philippines (TMP) recently launched the 2022 season of its premier one-make-race series, the Toyota Gazoo Racing (TGR) Vios Cup. After its series of virtual programs for the 2021 season where racing fans watched the live racing action via TMP’s online channels, this year’s edition of the Toyota Gazoo Racing Vios Cup is once again welcoming the passion and …
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Automobile Association Philippines (AAP) president Augustus “Joe” V. Ferreria was elected to the FIA Senate during the meeting of the World Council for Automobile Mobility and Tourism held last June 21 at the FIA headquarters in Paris, France. FIA Senate president Carmelo Sanz de Barros sent a congratulatory email to Ferreria welcoming him to the Senate. Before the meeting, FIA …
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Sales of Chery Auto Philippines surged more than double in April compared to the same month last year, a 143-percent increase and a best-ever monthly figure for the brand. This is propelled by much better consumer brand awareness and buoyed by growing market confidence in an improving pandemic climate. The figures reflect the strong yet still-growing demand for the company’s …
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A total of 30 teams are participating in the biggest overlanding competition set in October with over P1-million worth of prizes up for grabs. Mototesto Overland Equipment, in cooperation with Petron Philippines and Motolite, is the organizer of the 2022 Petron Philippine Overland Expedition: Pacific Coast Challenge that will coincide simultaneously with the 6th Philippine Overland Expo. The expedition will …
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Paint a picture of you in the beautiful island paradise of Boracay, Cebu, Iloilo or even in Manila or maybe Tagaytay. You now have more reasons to go on vacation with travel accommodations to excite you while you stay with the Philippines’ largest homegrown hospitality chain, Megaworld Hotels & Resorts. Catch all their 11 properties from across the country participate …
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Tanduay President and COO Lucio Tan III is among the 16 personalities who were declared People Asia’s Men Who Matter for 2022. In the article, “Destiny’s Man”, People Asia editor-in-chief Joanne Rae Ramirez wrote that the young Tan was “destined to inherit, not just the title, but the responsibility of being ‘Kapitan’ Lucio Tan, Sr.’s crown prince.” Lucio III assumed …
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By Gem Suguitan People are beginning to enjoy the new norm, going places and having fun after the previous lockdowns and community quarantines brought about by the pandemic. Where to go? Did you know that there are numerous museums in the provinces of Cavite-Laguna-Batangas-Rizal-Quezon, (CALABARZON) mostly free and easy to find? Why museum? It is one of the best places …
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Nationwide residential property prices up by 5.6% YoY, but edge lower by 1% QoQ in Q1 2022 The residential real estate prices of various types of new housing units in the Philippines maintained its growth momentum in Q1 2022.[1] The Residential Real Estate Price Index (RREPI) rose by 5.6 percent from a year ago, but declined by 1 percent from …
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Southeast Asia’s projected rise to become the world’s fourth-largest economic bloc in 2030, along with its acceleration in eCommerce, has made it one of the most attractive markets for companies worldwide. However, businesses outside the region find that entering it is a complicated process that requires a deep understanding of eCommerce fundamentals and the SEA customer experience. The key to …
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The Market Monitor Minding the Nation's Business