Sustainability

P1-M maximum bank deposit insurance coverage ‘long overdue’

A Philippine representative has welcomed the decision of the state-run Philippine Deposit Insurance Corp (PDIC) to double the maximum deposit insurance coverage (MDIC) for bank depositors from P500,000 to P1 million, effective March 15. “The 100% increase in the MDIC to P1 million per depositor per bank is long overdue,” Makati City Rep. Luis Campos […]

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Auto body making group urges continuation of PUV modernization

Addressing the future of public transportation, the Automotive Body Manufacturing Association of the Philippines (Abmap), led by its executive director Edgar Manuel, has strongly urged for the continuation of the Public Utility Vehicle Modernization Program (PUVMP). This comes amid calls from groups to suspend the program. The PUV modernization program, which officially started in June

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Learn from Malaysia to boost PH auto parts industry

Malaysia’s automotive parts manufacturing industry has become a regional success story, contributing over $4 billion (P233 billion) annually to its economy and accounting for 30% of its total automotive output. With a well-defined policy framework and strong government support, Malaysia has transformed its auto parts sector into a vibrant and globally competitive industry. For the

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Isuzu PH’s Heart and Smile project graduates new batch of scholars

Isuzu Motors Limited Japan (IML), in partnership with the Technical Education and Skills Development Authority (Tesda) and World Vision, recently celebrated the graduation of Batch 22 scholars from the Isuzu Heart and Smile Project (IHSP) at the Isuzu-Tesda Auto Mechanic Training Center. The 18 graduates successfully completed the rigorous 2-year Automotive Servicing Course, achieving the

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Leading truck maker gets ISO certified for quality management system

Isuzu Philippines Corp (IPC) recently received the ISO 9001:2015 certification for its quality management system. The certificate was officially awarded by TÜV Rheinland in a formal ceremony led by IPC president Tetsuya Fujita. This recognition marks a significant milestone for IPC, highlighting its commitment to maintaining exceptional standards in quality management across all facets of

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P17B budgeted for monthly subsistence allowance for soldiers

(Photo by Somchai Kongkamsri/Pexels) The 2025 General Appropriations Bill passed by Congress includes an allocation of P17 billion to cover the P10,500 monthly subsistence allowance for soldiers, House of Representatives Minority Leader Marcelino “Nonoy” Libanan said on Dec. 18, ahead of the 89th founding anniversary of the 165,000-strong Armed Forces of the Philippines (AFP) on

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