The government will roll out the new Motor Vehicle Development Program (MVDP) by mid-June, Trade Secretary Jesli Lapus said.
Upon publication of Executive Order (EO) 877, or “The Comprehensive Motor Vehicle Development Program,” which President Gloria Arroyo signed on April 23, the Board of Investments (BOI) would come up with a draft of the program’s implementing rules and regulations in a month’s time, Lapus said.
The Trade chief said the BOI would consult auto industry players and stakeholders in drafting the implementing rules.
A copy of EO 877 was received by the Department of Trade and Industry from Malacañang’s records office on Wednesday. A BOI source said the draft submitted by the agency for the President’s approval “is almost the same” as the approved EO.
“The new MVDP will be the catalyst that would provide the auto industry the environment to maximize and even expand its capacity, provide for a wider supply base for parts and components, and encourage the development and expansion of both the domestic and export markets for vehicles and parts and components,” Lapus said in a text message to reporters.
In a separate text message, Elizabeth Lee, Chamber of Automotive Manufacturers of the Philippines Inc. president, said “We hope the [new] MVDP will truly be good for the Philippine auto industry, particularly for the CKD [completely knocked down] assembly.”
Ben Arnold O. de Vera, Manila Times
March –
IT’S WOMEN’S MONTH!
“Respect and support women
every day of the year/s!”
Invoke Article 33 of the ILO Constitution
against the military junta in Myanmar
to carry out the recommendations of the 2021 ILO Commission of Inquiry
against serious violations of protocols of
Forced Labour and Freedom of Association.
Accept the National Unity Government (NUG)
of Myanmar. Reject Military!
#WearMask #WashHands
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Monthly Observances:
Women’s Role in History Month
Weekly Observances:
Week 1: Environmental Week;
Women’s Week
Week 3: Philippine Industry and “
Made-in-the-Philippines Products Week
Last Week: Protection and Gender-Fair Treatment
of the Girl Child Week
Daily Observances:
March 8: Women’s Rights and
International Peace Day;
National Women’s Day
March 4: Employee Appreciation Day
March 15: World Consumer Rights Day
March 18: Global Recycling Day
March 21: International Day for the Elimination
of Racial Discrimination
March 23: International Day for the Right to the Truth
Concerning Gross Human Rights Violations
and for the Dignity of Victims
March 25: International Day of Remembrance of the
Victims of Slavery and the Transatlantic Slave Trade
March 27: Earth Hour
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