• The Philippines posted the second highest growth in motor vehicle production in Southeast Asia in the first two months of the year, with its output rising by more than a fifth.
  • Data from the Association of Southeast Asian Nations (ASEAN) Automotive Federation (AAF) showed that 22,379 motor vehicles were assembled in the Philippines in the January to February period, 20.9 percent higher than the 18,510 units manufactured in the same period in 2023.
  • The Philippines placed second to Myanmar where motor vehicle production jumped by 541 percent during the two-month period to 314 units from the previous year’s 49 units.