The Philippines continued to lead with the fastest growth rate in motor vehicle production in the ASEAN region as it posted a 34.9 percent jump in the first eight months of the year.
Based on data from the Association of Southeast Asian Nations Automotive Federation , 74,107 motor vehicles were assembled in the Philippines from January to August, significantly higher than the 54,918 units recor?ded in the same period last year.
The Philippines also posted the highest growth rate in motor vehicle sales at 29.8 percent, selling a total of 276,215 units, higher than the 212,872 units sold in the same period a year ago.In contrast, Myanmar posted the largest decline in motor vehicle sales at 68.3 percent. Motorcycles and scooters assembled within the ASEAN jumped by 4.7 percent to 8.276 million units from 7.901 units in the previous year.
During the first eight months, motorcycle and scooter sales in ASEAN increased by 12 percent to 8.565 million units.Experience super-sized fun at SM’s 65th anniversary this OctoberReady to own a Kumon franchise? Here's all you need to know! SM Investments Corp., the listed conglomerate of the Sy Group, is targeting to boost the earnings contributions of its investments portfolio to at least 15 percent from 10 percent.
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