BMI: Rate cuts to rev up PH auto demand

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2 months ago

The projected decline in interest rates could boost local demand for cars, boding well for the consumption-reliant Philippine economy, BMI Research said. In a commentary released on Friday, BMI raised its 2024 growth forecast for vehicle sales in the Philippines to 466,500 units, or an 8.5 percent growth. The rosier outlook for the automobile industry

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