Auto industry with 33% sales surge

View in browser   |   Shop Inquirer August 16, 2023 Auto industry starts second half of year with 33% sales surge Sales of automotive vehicles in the Philippines continued to rise at a double-digit pace in July, growing by 33.3 percent and signaling a strong start for the industry for the second half of the year. A joint report from the Chamber of Automotive Manufacturers of the Philippines Inc. (Campi) and the Truck Manufacturers Association released on Tuesday showed that new vehicle sales reached 37,086 units in July, higher than the 27,813 units recorded in the same period a year ago. By Alden M. Monzon GT Capital hits record-high profit at P16.6B Ty family-led conglomerate GT Capital Holdings Inc. saw first-semester profits soar to a historic high on strong contribution from its business units. The banking, automotive, property, insurance and infrastructure giant's January to June net income doubled to P16.6 billion while core income surged 106 percent, GT Capital president Carmelo Maria Luza Bautista said in a statement.  By Miguel R. Camus The world is not round Time and time again, many long-standing beliefs have been proven to be inaccurate by life events.  And that is why risk management is very important. In personal finance, part and parcel of risk management is getting adequate life insurance. By Efren Ll. Cruz Like this email? Forward it to your friends and let them know that they can sign up here. BIZ BUZZ Jollibee loves local chicken​ If there's anyone who's relying on imported chicken for its products it's definitely not Jollibee, as the group stressed that it has been and continues to source its poultry locally.  By Daxim L. Lucas INQUIRER PLUS-EXCLUSIVE Globe to defend 7-year wireless telco leadership Globe Telecom Inc. is ready to defend the crown it has worn for about seven years now as rival Smart Communications Inc. recently declared its aspiration to reclaim the top spot after the SIM (subscriber identity module) card registration cut their market share gap significantly.  By Tyrone Jasper C. Piad Try Inquirer Plus. Inquirer Plus is the digital version of the Philippine Daily Inquirer. Register for a 30-day trial for free to get access to Inquirer's fearless reporting, app-exclusive stories, and archives. REGISTER NOW Hi Edward. Have feedback? We're happy to hear it. Give Suggestions newsletter@inquirer.com.ph © 2023 PHILIPPINE DAILY INQUIRER, Barangay Tejeros, Makati City, Philippines You are receiving this email because you are subscribed to Inquirer Newsletters. Unsubscribe anytime