By Justine Ireland D. Tabel, Reporter
The Firplest government Finishing the Promotion of the Promotion of Cospea Provide Mass Companies to promote land production activities, according to theefice of the special assistant to President Investment and economic development (Osapieia).
Osapie Chief Frederick D. GO said the government will soon be launching the automotive industry to find a competitive plan.
“Previous management has come to the fully of the Automotive Resurgence Strategy (Cars), and that has already been done, but we want to continue to encourage the car’s industry,” he told reporters on Monday.
Mr. Just said the race program would provide encouragement to companies that will create new car models in the country.
The program will be used by the Department of Trade and Industry (DTI), unlike the vehicles, which were established in a greater chronological order.
“We designed a race for the Department’s way,” said Mr. Go, notice that the money had The program is allocated to the general provision legal Act of 2025.
The race system is given to millions of P250 under the DTI’s Budget for financed projects.
Created with a large order No. At that time the President Benigno S. III III, the automotive system aims to attract new investment in the automotive industry.
Provide three slots of car manufacturers, which had to produce at least 200,000 units in a registered model to obtain motives.
However, only two slots are filled – Toyota Motor Philippines CORP. (Tmp), producing Vitsubishi Modan, and Mitsubishi Motors Philippines CORP. (MMPC), making the Mirage Tatchback and Mirage G4 Sedan.
Mr. GO has spotted the race system can accept more than three participants.
“We have learned in cars … Program (Race) is a little different, but the purpose is the same, that when you present many local things to the car, then you can be eligible.
With a new program in the jobs, TMP and the MMPC is expected to register new models for the race.
“We showed that our DTI is the following registration of tamaraw as a model of additional vehicles if it is based on the law (especially in considering sound change of new production models,” said TMP in a statement.
“In case the DTI creates a new car system – such as useful this program, we will take the opportunity to make the opportunity to make automobile manufacturers,” added.
TMP has just been grown for P5.5 billion in its Laguna station to consolidate vehicular production and parts of household and parties outside the area, and to create a new conversion environment.
At that time, Mitsubishi Motors Corp. (MMC), the most recent name of President Ferdinand R. Marcos, JR., have made P7-billion investment in the Philippines for the next five years.
The investment plan is said to include a new manufacturing model in its plant in the Guna, according to the Presidential Communications ofefice (PCO). PCO said MMC will take part in race programs.
Currently, Pilipine Anseson Association, Inc (PPMA)
“The action time is now. Without intervention, the Philippines risked its financial risk,” said the party in a statement on Monday.
“Empowerment of acquaintance and emergency in the automotive sector is not exceeded.
Data from the Asean Mafumote Feederor has produced 116,650 cars in the first 11 months of the 2024, at five points in accordance with six countries.
Thailand produced many cars, 1,36 million in the time of January-to November, followed by Indonesia (885,173), and Vietnam (157,173).
“Our industry is at risk. We must immediately accept the Steps of Resolutions Auto-Productive Skills, or will continue falling after our Asian neighbors
“DTI contributes important role in this situation, efforts that encourage only knows but also develops the active car sector is not important,” add.
Earlier, the PPMA said the government could support the Category for 30% of the contained in the Philippines and provide incentives such as money.
It also proposed export taxes, accelerated reductions and developed research and development.
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