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TOYOTA INVESTS R5.2 BILLION IN CARS – Toyota Motor Philippines Corporation (TMP) has invested R5.2 billion for the Comprehensive Automotive Resurgence Strategy (CARS) program. The increase in investment follows the company’s decision to put up a state-of-the-art plastic injection facility in its Santa Rosa plant, expansion of its press parts facility, and the introduction of new hemming technology. TMP is also localizing additional press parts on top of the 50% total body shell weight requirement. In photo during the opening of the 1st Philippine Auto Parts Expo (PhilAPEX) are (from left) Philippine Parts Maker Association president Ferdinand Raquelsantos, CARS Program Management Office (PMO) Director Romulo Manlapig, TMP President Satoru Suzuki, Trade and Industry Secretary Ramon Lopez, CARS PMO manager Marissa Concepcion, and Board of Investments Governor Henry Co.

PEZA okays P2.4-B medical tourism zone

By Bernie Cahiles-Magkilat The Philippine Economic Zone Authority (PEZA) has approved Centurial Medical Development Corp. for its P2.49 billion medical tourism facility, which houses 200…