FOCUS Ventures, Inc., the local distributor of Chinese automotive brand Chana, may invest $8 million on a Philippine assembly plant if domestic sales go up significantly, an executive told reporters yesterday.
“Our principal is pushing us [to put up a factory] but we said, ‘hold it,’” Focus Ventures President Stephen D. Sy said at the sidelines of a motorshow media launch.
Sales will have to hit 100 units a month before assembly operations here are deemed feasible, Mr. Sy said.
The two-year-old firm vehicle distributor so far averages 30 units a month in sales, he said.
Focus Ventures enjoys a niche in the low-cost commercial vehicle segment with the P280,000 “multi-carry one” compact truck enjoying the most demand.
The vehicle sales target that will trigger the investment will hopefully be achieved “in one or two years,” Mr. Sy said. — Jessica Anne D. Hermosa, Businessworld
Nov 16 – International Day for Tolerance
“No more toleration of corruption!”
Invoke Article 33 of the ILO Constitution
against the military junta in Myanmar
to carry out the 2021 ILO Commission of Inquiry recommendations
against serious violations of
Forced Labour and Freedom of Association protocols.
Accept National Unity Government (NUG)
of Myanmar. Reject Military!
#WearMask #WashHands
#Report Corruption #SearchPosts #TakePicturesVideos
November
Nov 2 – Intl Day to End Impunity for
Crimes Against Journalists
Nov 9 – World Science Day for Peace
and Development
Nov 16 – International Day for Tolerance
Nov 19 – World Toilet Day
Nov 20 – World Children’s Day
Nov 25 – Intl Day for the Elimination of
Violence Against Women
Monthly Observances:
Homes Safety Month
Filipino Values Month
National Rice Awareness Month
National Consciousness Month
for Punctuality and Civility
Environmental Awareness Month
National Children’s Month
Organic Agriculture Month
Weekly Observances:
Nov 19-25: Global Warming and
Climate Change Consciousness Week
Nov 23-29: National Girls’ Week
Population and Development Week
Nov 25 – Dec 12: Social Welfare Week
18-Day Campaign to End
Violence against Women
Week 2: Week 3: Drug Abuse Prevention
and Control Week
Last Week: Safety and Accident
Prevention Week
Daily Observances:
Last Saturday: Career Executive Service
Day
Nov 19: National Child Health Day
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