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
September 18 –
International Equal Pay Day
“Increase wages now,
more than other cost items.
For widespread, practical equality!”
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
#Report Corruption #SearchPosts #TakePicturesVideos
October –
Monthly Observances:
Industry and Commerce Safety Month
National Statistics Month
Local Government Month
Consumer Welfare Month
Cooperative Month
National Quality and Productivity Improvement Month
National Health and Wellness Tourism Month
National Indigenous Peoples Month
Weekly Observances:
Week 1: Elderly Filipino Week
Week 2: National Health Education Week
Local Government Week
National Mental Health Week
October 17-23:
National Week for Overcoming Extreme Poverty
October 18 – 24:
United Nations Week
Last Week:
Nurses’ Week
Consumers’ Protection Week
Week of the 4th Sunday:
Barrio Farmers’ Week
Daily Observances:
First Monday (Oct 4): Universal Children’s Day i
n the Philippines
Oct 5: National Teachers’ Day
Oct 10: Local Government Day
Third Thursday (Oct 14): Conflict Resolution Day
Oct 21: Tenants’ Emancipation day
Oct 24: United Nations Day
Oct 29: National Indigenous People’s Thanksgiving Day
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