Editor s Note
AutoIndustriya.com
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There is a big issue brewing in the Philippine auto industry.
The DTI is legally empowered by Republic Act 8800 to protect Philippine-made products against similar or competing imported products via safeguard measures, and that is what they will do. For 200 days the DTI will require a PHP 70,000 safeguard bond for every passenger vehicle and PHP 110,000 for every light commercial vehicle imported from most of the major countries our market sources them from, with some exceptions depending on vehicle type and country of origin. The 200 days will be used to buy time for the concerned government agencies to investigate and meet about what to do in the long term.
Autohub Group President Willy Q. Tee Ten
TO BE HONEST, we’re still on the 2020 side of things as we put this “Velocity” issue to bed, so I’m hoping and praying that the waning days of this year don’t have more awful surprises in store, either natural or man-made.
If you believe in an eternal being, what do you pray for? How different is it from what you wished for at the start of 2020? Perhaps even more interesting: What is your state of mind as we enter this new year we actually started pining for very early in 2021 as things started to go south?