Economy
Philippines Faces Uphill Battle to Become Auto Hub Amidst Regional Competition
The Philippines faces stiff regional competition in its bid to become an automotive manufacturing hub, according to BMI. To leverage its domestic market and cost-competitive labor, the country needs consistent policy support, improved infrastructure, and stronger supplier networks.
This article requires PRO
This article is outside the free access window or is a special report. PRO unlocks it and the full archive.
Related articles
- Philippine Auto Sales Poised for First Decline Since 2020 Amid Economic Headwinds
The Philippine automotive market is projected to see an 8.7% drop in vehicle sales in 2026 due to geopolitical tensions, rising interest rates, and sluggish economic growth. This marks the first annual contraction since the 2020 pandemic, ending three consecutive years of record sales.