PEZA eyes P100B in pledges this year

Shaun H. Ruff

The Philippine Economic Zone Authority (PEZA) seeks to get more than P100 billion in investment pledges this year, slightly higher than last year. “We don’t want to be promising high figures,” PEZA Director-General Charito B. Plaza said in an e-mailed statement on Friday. “Instead, we must work hard and build […]

Coronavirus slams PHL vehicle sales in 2020

Shaun H. Ruff

Sales of new vehicles plunged in 2020 due to the strict lockdown and economic slowdown. — PHILIPPINE STAR/MIGUEL ANTONIO N. DE GUZMAN By Jenina P. Ibañez, Reporter CAR SALES slumped in 2020, after a holiday demand spike failed to make up for the plunge in demand during the coronavirus-induced lockdown, […]

Nissan to end car assembly in PHL

Shaun H. Ruff

Nissan Philippines, Inc. sold 21,751 units in 2020, which represented a 9.72% share of the local market. The company’s logo is seen at Nissan Motor’s global headquarters building in Yokohama, Japan, Dec. 17, 2018. — REUTERS/KIM KYUNG-HOON/FILE PHOTO By Jenina P. Ibañez, Reporter NISSAN Philippines, Inc. (NPI) will halt its […]

Consumer Act, CREATE named DTI priorities

Shaun H. Ruff

PHILIPPINE STAR/MICHAEL VARCAS THE Trade department has asked the new chairman of the House committee on trade and industry to prioritize the passage of consumer protections and pricing laws. Trade Secretary Ramon M. Lopez and Navotas Representative John Reynald M. Tiangco held their first virtual meeting Tuesday. In a statement […]