(C)Inquirer.net
Last updated on May 6th, 2021 at 07:40 am
Honda Cars Philippines Inc. (HCPI) stated that the closure of its manufacturing plant in the province of Laguna was part of its global operations reduction and was not related to local problems.
HCPI spokesperson Atty posted. Louie Soriano, the Philippine manufacturing shutdown was not related to local concerns including proposed changes to the current tax regime.
Basically, if you are a businessman and you are looking, for example, from a regional operational point of view, you have to make an efficient allocation of your capital.
His remarks follow claims that the closing of the company’s manufacturing facility was due to concerns about the local tax regime.
On 22 February HCPI declared the closure of its production facility in Santa Rosa, Laguna effective 25 March.
It is disappointing that Honda Motors has decided to close the manufacturing plant. They noted that the company is now trying to secure jobs in other industries with the affected employees.
The world of Asian television is abuzz with the debut of the much-anticipated Chinese series, "The Bird Hides Its Love".…
It's official, the wait is over for Singapore FEARNOTs. On April 28, 2026, this morning, Source Music thrilled the K-pop…
Florida has witnessed a grisly first of its kind in the application of artificial intelligence in crime. During the double…
Seoul is going all over the world as one of the most affordable travel destinations in the year 2026. The…
South Korea is now recognized as the capital of aesthetic medicine in the world, with a historic 2.01 million foreigners…
The current seismic disturbances in the North of Japan have attracted the attention of the whole world particularly following a…
This website uses cookies.
Read More