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PHL auto industry closes 2020 with 275K units sold


BusinessWorld
January 18, 2021 | 12:03 am
By
Kap Maceda Aguila
THE PHILIPPINE auto industry finally puts a lid on a turbulent 2020 a year when it ended up selling 275,512 units based on reported totals from the Chamber of Automotive Manufacturers of the Philippines, Inc. (CAMPI), Association of Vehicle Importers and Distributors, Inc. (AVID), and Truck Manufacturers Association (TMA). This figure represents a hefty 40% decline from the 2019 total of 457,110 vehicles sold.
ILLUSTRATION BY: JOY D. DAGUN
CAMPI, TMA
CAMPI and TMA reported a joint sales total of 27,596 units last December growing 19.1% over the previous month’s 23,162. The December 2020 figure is 18.1% below the 33,715 units sold over the same period in 2019. ....

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Plug the loopholes of the Safeguard Measures Act

Over the past three years, there were three domestic industries that sought protection under an old law, Republic Act No. 8800 or the Safeguard Measures Act. The primary objective of that law is to save the economic viability of a domestic industry as well as save local jobs. The process s litigious ....

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