MANILA – The Philippine market for motor vehicles and motorcycles remain one of Asean’s fastest growing in the first nine months of the year.
Data from the Asean Automotive Federation (AAF) show that the Philippines sold 169,727 motor vehicle units at end-September, or 29.2 percent more than last year’s 131,381 units.
The Philippine market’s growth bucked the 10.8 percent decline in Asean sales and trailed Singapore and Vietnam. The Asean average was weighed down by the 37.3 percent contraction in Thailand, which was the region’s second biggest market for motor vehicles at 648 million (see chart below).
Auto companies in the Philippines have been registering record sales so far this year, leading an industry group to revise upwards its growth target.
For motorcycles, Philippine sales of 569,036 units were 4.3 percent more than the 545,544 units in the same nine months of last year, outpacing nearly everyone except Indonesia, which registered a 4.6 percent year-on-year increase to 6.079 million. Both countries bucked the 0.6 percent drop in sales for Asean.
Philippine assembly of both motor vehicles and motorcycles is still lagging behind domestic sales, even as production is higher than in most neighboring countries.
AAF data show the Philippines produced 67,610 motor vehicles at end-September, or 16 percent more than the 58,326 units in the same period last year and bucked the 11 percent contraction in Asean. The Asean average was weighed down by the 27 percent contraction in Thailand, which at 1.408 million remains the region’s biggest assembler of motor vehicles (see chart below).
For motorcycles, the Philippines’ 1.5 percent growth in production was the region’s second-fastest, but the country’s overall output of 548 million was only a sixth of regional leader Indonesia’s 6.065 million.
Vehicle assemblers have been pressing the Philippine government to put in place more incentives to encourage higher production. Already more than a year in the making, an industry road map has yet to be issued. –Chelsea Cruz, InterAksyon.com
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
September –
5 Sept – Intl Day of Charity
7 Sept – Intl Day of Clean Air for Blue Skies
8 Sept – International Literacy Day
12 Sept – United Nations Day for South-South Cooperation
15 Sept – International Day of Democracy
16 Sept – International Day for the Preservation of the Ozone Layer
17 Sept – World Patient Safety Day
18 Sept – International Equal Pay Day
21 Sept – International Day of Peace
26 Sept – International Day for the Total Elimination of Nuclear Weapons
27 Sept – World Tourism Day
28 Sept – International Day for Universal Access to Information
29 Sept – International Day of Awareness of Food Loss and Waste
30 Sept – World Maritime Day
Monthly Observances:
Health, Safety and Sanitation Month
National Clean-up Month
Civil Service Month
National Peace Consciousness Month
Social Security Month
Rule of Law Month
National Teachers’ Month (Sept 5-Oct 4)
Weekly Observances:
Sept 17 – 23:
World Clean and Green Week
Week 2: Education Week
Week 4: Medicine Week
Last Week: National Family Week
Daily Observances:
Third Saturday:
International Coastal Clean-up Day
Third Monday: World Health Day
Last Friday: National Maritime Day
Sept 8: National Literacy Day
Sept 15: Philippine Medicine Day
Lorem ipsum dolor sit amet, consectetur adipiscing elit. Ut elit tellus, luctus nec ullamcorper mattis, pulvinar dapibus leo.
