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Mindanao Daily 7 NEWS northmin . westmin . caraga . davao Your Mindanao-wide Community Newspaper
friDAY, june 13, 2014
Isuzu targets bigger slice on heavy-duty trucks market
Isuzu Philippines Corporation (IPC) is targeting a larger market share on heavy-duty truck segments as the auto company focuses on penetrating in this market. Joseph Bautista, head of sales division for IPC, told reporters that with the launching of its new lines of heavy-duty trucks, the firm aims to increase its market share on this segment from 20 percent to 50-60 percent in 2015. IPC launched two new models of C-Series or rigid truck and another two new models of E-Series or tractor head during the Isuzu Truck Fest 2014 Manila held Wednesday at the SMX Convention in Mall of Asia, Pasay City. These new truck models fall in the Category V vehicles or heavy-duty truck segment. Bautista said markets for these heavy-duty trucks are mining companies, oil firms, and local government units (LGUs) for their dump trucks, among others. He added that IPC is also optimistic for the local demand in this segment as the countr y hastens infrastructure developments. He noted that as IPC now offers heavy-duty trucks, the company hopes
to be the market leader for Category V vehicles next year. Largest share in the heavy-duty truck market is MAN which is followed by Isuzu. Likewise, IPC president Nobuo Izumina mentioned that the company eyes to strengthen its truck sales to 3,000 units for 2014 against last year’s sales of 2,600 trucks. IPC’s light and medium trucks or Categories III and IV, respectively, have strong presence in the domestic market of about 60 percent market share. IPC’s market share in the overall truck segments is at 60 percent. Meanwhile, the newly launched C-Series is conducive for wing van flatbed cargo, dump truck, fuel or water tanker, garbage compactor, and concrete mixer. C-S eries trucks are priced at Php 5.6 million. On the other hand, E-Series can be applied as fuel or water tanker, flatbed or lowbed trailer, refrigerated van trailer, container van trailer, and bulk carrier. E-Series trucks prices are at Php 4.5 million for tractor head alone while tractor head with fuel tanker hits up to Php 7.598 million. (PNA)
1st Mindanao Social Business Summit. Social entrepreneur champ Senator Paolo Benigno “Bam” Aquino IV speaks before the delegates of the 1st Mindanao Social Business Summit spearheaded by Gawad Kalinga founder Tony Meloto at Central Mindanao University Farmers’ Training Center. The 3-day event aims to advocate for partnership among stakeholders emphasizing the need for a holistic support mechanism towards inclusive growth to reduce poverty. The Summit also puts heads together to manifest vital resolves concerning peace and development issues in Mindanao, as well as its implications for social entrepreneurships, and to generate commitments towards establishment of a Social Enterprise Institute (SEI) in CMU as a mentoring hub for Mindanao.
Bus operators urged to secure ISO certificate of compliance A lawmaker wants to require all public utility bus operators/companies registered and operating in, or engaged in business in the Philippines and granted franchises to secure a certificate of compliance with the appropriate standards set by the International Organization for Standardization (ISO) from accredited certifying agencies. Rep. Edgar Erice (2nd District, Caloocan City) filed House Bill 4276, which
seeks to improve and standardize the quality of services being delivered by public utility bus operators/ companies authorized to engage in business in the country by compelling them to comply with the established standards provided by the ISO. “Given the low motorization which is estimated at 9 cars per 1,000 people, bus transport verily plays an important role in the economy by providing an affordable mode of trans-
portation. Concomitant with the essential role of PUB companies/operators is their responsibility to observe extraordinary diligence in the transportation of commuting public and ensure their safety,” Erice said. According to Erice, public utilities are privately owned and operated businesses whose services are essential to the general public. They are enterprises which specially cater to the needs of the public and conduce
to their comfort and convenience. As such, Erice said public utility services are impressed with public interest and concern. “The same is true with respect to the business of common carrier which holds such a peculiar relation to the public interest that there is super-induced upon it the right of public regulation when private properties are affected with public interest, hence, they cease to be juris See operators, page 11