Bulk of P15-B ASEAN budget of President’s office for car rentals – Rappler


Chrisee Dela Paz

Published 7:15 PM, August 31, 2016
Updated 7:17 PM, August 31, 2016

BIG CHUNK. 'Big chunk will be used for rental of cars for dignitaries,' Diokno says during a Senate hearing. Photo by Chrisee Dela Paz/Rappler

BIG CHUNK. ‘Big chunk will be used for rental of cars for dignitaries,’ Diokno says during a Senate hearing. Photo by Chrisee Dela Paz/Rappler

MANILA, Philippines – Bulk of the P15 billion (1.92 million) budget for the country’s hosting of the Association of Southeast Asian Nations (ASEAN) Summit in 2017 is planned to be spent on car rentals for dignitaries.

“Big chunk will be used for rental of cars for dignitaries. We might even expand the number of visitors. So there is the president of the US, [prime minister of] Canada, and others,” Budget Secretary Benjamin Diokno said during a Senate hearing on Wednesday, August 31.

With some Cabinet members implementing austerity programs, it came as a surprise to the public that the current administration’s proposed budget for the Office of President Rodrigo Duterte went up by about 7 times to P20.03 billion (0.3 million) from the current year.

This is around P17 billion more than the P2.87 billion (.44 million) budget that the Office of the President (OP) earmarked for 2016.

According to Diokno, the increase is due to the country’s hosting of the ASEAN Summit in 2017, which happens on the organization’s 50th anniversary.

Trimmed down version

During the hearing, Diokno said the P15 billion budget had already been trimmed down by the Department of Budget and Management (DBM). The initial amount requested for the hosting of the ASEAN Summit 2017 was P19 billion.

“We tried to trim it down again, but they said this is going to be a big event, as it is the golden anniversary of ASEAN. Most of it will be spent domestically – in hotels, restaurants, local travel of dignitaries.

Other than the heads of the ASEAN member states, Diokno revealed that United States president and Canadian Prime Minister Trudeau will arrive.

The budget for ASEAN hosting is P5 billion higher than the P10 billion budget of former President Benigno Aquino III for Asia-Pacific Economic Cooperation (APEC) hosting.

“For ASEAN, it will be two summits. We will distribute some [of the funds] to concerned agencies, like the Philippine National Police, [Department of] Foreign Affairs, and [Department of] Tourism. It will be accounted for,” Diokno said.

ASEAN members are Brunei Darussalam, Cambodia, Indonesia, Laos, Malaysia, Myanmar, the Philippines, Singapore, Thailand, and Vietnam.

In early August, the DBM submitted the proposed P3.35-trillion 2017 national budget to Congress. Among the budget priorities are infrastructure, agriculture and rural development, and peace and order. – Rappler.com

US=P46.59

More Than 7700 Local Government Offices Alerted About Car Rental Customers’ Traffic Fines, Tickets – PR Newswire (press release)

ST. LOUIS, Sept. 22, 2016 /PRNewswire/ — In an ongoing effort to help address outstanding fines for traffic, parking and toll violations by car rental customers, Enterprise Holdings Inc. has notified more than 7,700 local governments in the United States and Canada.

Enterprise Holdings operates the Alamo Rent A Car, Enterprise Rent-A-Car and National Car Rental brands through its integrated network of regional subsidiaries and franchise locations. Since 2011, Enterprise Holdings has sent out annual reminders – along with the company’s contact information – as part of the public record and directed government officials to deliver notice of any outstanding tickets and fines to the company’s “shared services” administrative centers in Tulsa and Toronto.

North American Light-Vehicle Production Soars in August, But … – Wall Street Journal

s
ENLARGE

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Photo:

Bloomberg News

North American car and light-truck production hit an August record last month, despite cooling demand, leaving dealer inventory at a multiyear peak and setting the stage for potentially generous sales incentives this fall.

General Motors Co.
GM


-0.83
%




led the auto industry with a 21% increase in output to 372,678 vehicles produced in the region, according to data provider WardsAuto.com. Overall, Wards estimates 1.69 million vehicles were produced in the U.S., Mexico and Canada last month.

The production surge comes even though retail demand for new vehicles is flagging and consumers’ appetite for used cars in good shape appears to be strengthening.

GM is now holds the largest days’ supply of inventory among major auto makers except for Volkswagen AG
VLKAY


-0.98
%




, according to Wards, with 74 days of supply, a level up sharply from July’s 66 days and the 63 days at the end of August 2015

The No. 1 U.S. auto maker by sales earlier this year was short of certain high-demand vehicles a factor in pushing its U.S. market share to the lowest level in several decades.

Auto makers’ overall September production is forecast to grow modestly, according to Wards, with GM continuing to ramp up its output. Wards forecasts a slight increase for full-year industry production.

The auto industry’s 61 days of supply at August 31 marked the second consecutive month that overall stock levels hit a 12-year high.

Haig Stoddard, Wards’ industry analyst, said soft August sales in part led to the higher inventory levels. Even if the industry finishes 2016 on a strong note, Mr. Stoddard said, auto makers won’t need to increase output at North American factories, given the glut of dealer stock available.

The boost in production over the summer months could help lift third-quarter financial results at GM, Toyota Motor Corp.
TM


-2.60
%




, and others when figures are posted next month. Besides GM, several car makers increased output during summer months.

Car companies book revenue and profits on wholesale deliveries, not sales to end users. A glut, however, can bite the industry if higher costs for sales promotions are needed to move dealer inventory.


ENLARGE



While light-vehicle sales through August were slightly ahead of 2015’s record pace, auto makers have been paying more to keep demand humming.

Researcher J.D. Power estimates retail sales, or deliveries to individuals at dealerships, fell 1.3% to 9.3 million over the first eight months of the year compared with the same period in 2015. Overall sales are up less than 1% over that period, buoyed entirely by fleet sales to rental car companies and government and commercial buyers.

Car buyers received a ,378 in incentives on a new purchase in August, according to Autodata Corp., or a 10% discount. Incentive spending is up 12% compared with the previous year, according to the firm, driven largely by increases at Ford Motor Co.
F


-0.08
%




, Fiat Chrysler Automobiles
FCAU


-1.68
%




NV, GM and Toyota.

In a note to investors earlier in September, Morgan Stanley
MS


-1.02
%




auto analyst Adam Jonas said higher inventory and spending on discounts were fueling concern the U.S. auto market has peaked.

But Mr. Jonas also said car companies have plenty of tools to keep buyers interested. Cheap financing, including subsidized leases and low-interest loans, has helped keep payments low. “We would not underestimate the industry’s ability to keep the cycle going,” Mr. Jonas said, after auto sales fell short of expectations in August.

Auto executives, however, must combat the growing supply of late-model used cars flooding the market as leases expire or qualified buyers look to update their vehicles.

On Wednesday, used-vehicle retailer CarMax Inc.
KMX


-1.12
%




said same-store car sales grew 3% in the fiscal second quarter, and selling prices crept up 2.3%. Revenue growth lagged behind its expectations and profit declined during the quarter because of one-time charges and lower store traffic.

Black Book, which tracks car prices, says used-car values are beginning to erode compared with a year ago on vehicles made since the U.S. financial crisis. The decline reflects increased supply.

New-car pricing is threatened when buyers are paying less to get used cars in good condition.

Write to John D. Stoll at

Tesla Ranked Top Auto Brand by Canadians in University Study – Hybrid Cars News

Tesla Motors is the most trusted auto brand in Canada despite its low sales, according to a university study reported by The Globe and Mail.

The University of Victoria’s second-annual Gustavson Brand Trust Index ranked Tesla at 11th overall, in front of all other auto brands sold in Canada. With Tesla only having sold about 4,300 electric cars in Canada, how did the electric carmaker end up in the top spot?

It has to do with Canadian consumers perceiving the brand as acting from a broader value perspective beyond value for the money spent. It’s more about how the company, “respects the environment, treats employees well, invests in the community and cares about societal well-being,” said Saul Klein, dean of the Gustavson School of Business.

Survey respondents under 35 (Canadian Millennials) gravitated more toward Tesla. That seemed to have been influenced by Tesla’s commitment to a fossil-fuel-free automotive future.

Tesla was added as a “disruptive brand,” and not because of its wide sales volume, Klein said.

Two other disruptive brands were included in the survey, but didn’t do so well. The Uber ride-hailing brand and Airbnb hotel-alternative brand finished at numbers 273 and 245, respectively. Uber finished near the bottom of the list as the index ranked 276 national brands within 27 industry sectors.

That may have to do with confrontations Uber has been having with cities and taxi drivers, according to The Globe and Mail. As for Airbnb, the company’s reputation for rental-market disruption and claims of racial discrimination could have placed it lower on the rankings, the Canadian newspaper said.

SEE ALSO:  Model S Is Canada’s Top-Selling EV

The data was collected from 6,384 online surveys held between June 20 and July 8 of this year. The fatal crash in Florida involving the Autopilot system wasn’t announced as a National Highway Traffic Safety Administration investigation until June 30, so that incident probably had little effect on the survey findings.

Volkswagen has seen the impact of changes in brand perception. The German automaker ranked in the middle of the pack of 215 brands rated in last year’s study but finished last this year about nine months after its emissions scandal broke.

“Brand trust takes a long time to build, but sharp drops are quite likely,” Klein said.

The Globe and Mail

More Than 7700 Local Government Offices Alerted About Car Rental Customers’ Traffic Fines, Tickets – PR Newswire (press release)

ST. LOUIS, Sept. 22, 2016 /PRNewswire/ — In an ongoing effort to help address outstanding fines for traffic, parking and toll violations by car rental customers, Enterprise Holdings Inc. has notified more than 7,700 local governments in the United States and Canada.

Enterprise Holdings operates the Alamo Rent A Car, Enterprise Rent-A-Car and National Car Rental brands through its integrated network of regional subsidiaries and franchise locations. Since 2011, Enterprise Holdings has sent out annual reminders – along with the company’s contact information – as part of the public record and directed government officials to deliver notice of any outstanding tickets and fines to the company’s “shared services” administrative centers in Tulsa and Toronto.

Bulk of P15-B ASEAN budget of President’s office for car rentals – Rappler


Chrisee Dela Paz

Published 7:15 PM, August 31, 2016
Updated 7:17 PM, August 31, 2016

BIG CHUNK. 'Big chunk will be used for rental of cars for dignitaries,' Diokno says during a Senate hearing. Photo by Chrisee Dela Paz/Rappler

BIG CHUNK. ‘Big chunk will be used for rental of cars for dignitaries,’ Diokno says during a Senate hearing. Photo by Chrisee Dela Paz/Rappler

MANILA, Philippines – Bulk of the P15 billion (1.92 million) budget for the country’s hosting of the Association of Southeast Asian Nations (ASEAN) Summit in 2017 is planned to be spent on car rentals for dignitaries.

“Big chunk will be used for rental of cars for dignitaries. We might even expand the number of visitors. So there is the president of the US, [prime minister of] Canada, and others,” Budget Secretary Benjamin Diokno said during a Senate hearing on Wednesday, August 31.

With some Cabinet members implementing austerity programs, it came as a surprise to the public that the current administration’s proposed budget for the Office of President Rodrigo Duterte went up by about 7 times to P20.03 billion (0.3 million) from the current year.

This is around P17 billion more than the P2.87 billion (.44 million) budget that the Office of the President (OP) earmarked for 2016.

According to Diokno, the increase is due to the country’s hosting of the ASEAN Summit in 2017, which happens on the organization’s 50th anniversary.

Trimmed down version

During the hearing, Diokno said the P15 billion budget had already been trimmed down by the Department of Budget and Management (DBM). The initial amount requested for the hosting of the ASEAN Summit 2017 was P19 billion.

“We tried to trim it down again, but they said this is going to be a big event, as it is the golden anniversary of ASEAN. Most of it will be spent domestically – in hotels, restaurants, local travel of dignitaries.

Other than the heads of the ASEAN member states, Diokno revealed that United States president and Canadian Prime Minister Trudeau will arrive.

The budget for ASEAN hosting is P5 billion higher than the P10 billion budget of former President Benigno Aquino III for Asia-Pacific Economic Cooperation (APEC) hosting.

“For ASEAN, it will be two summits. We will distribute some [of the funds] to concerned agencies, like the Philippine National Police, [Department of] Foreign Affairs, and [Department of] Tourism. It will be accounted for,” Diokno said.

ASEAN members are Brunei Darussalam, Cambodia, Indonesia, Laos, Malaysia, Myanmar, the Philippines, Singapore, Thailand, and Vietnam.

In early August, the DBM submitted the proposed P3.35-trillion 2017 national budget to Congress. Among the budget priorities are infrastructure, agriculture and rural development, and peace and order. – Rappler.com

US=P46.59

Fox Adds 5 More International Locations – Bobit Business Media (press release) (blog)

Fox Rent A Car’s affiliate location at Turkey’s Istanbul Airport. Photo courtesy of Fox Rent A Car.
Fox Rent A Car's affiliate location at Turkey's Istanbul Airport. Photo courtesy of Fox Rent A Car.

Fox Rent A Car continues its international expansion with five new affiliate locations, which are now open for reservations.

Fox has opened its first location in New Zealand and continues to expand in Canada, the U.K., Mexico, and Turkey.

With the addition of these new facilities, Fox will offer its rental service at more than 120 locations in 29 countries and territories, including the United States, with its available fleet of over 60,000 vehicles, according to the company.

The new Fox locations are located in the popular tourist markets of Belfast, Northern Ireland; Merida, Mexico; Auckland, New Zealand; Fort McMurray, Alberta, Canada; and Istanbul, Turkey.

“We are very happy to expand with our new airport partners in Canada, Northern Ireland, New Zealand, Turkey, and Mexico to bring the Fox value and brand experience to travelers in these growing leisure rental markets,” said Jack Wetzel, director of the Fox Affiliate Division. “We continue to seek out new partners and business location opportunities to expand our car rental service to loyal Fox customers around the globe.”

Fox Adds 5 More International Locations – Bobit Business Media (press release) (blog)

Fox Rent A Car’s affiliate location at Turkey’s Istanbul Airport. Photo courtesy of Fox Rent A Car.
Fox Rent A Car's affiliate location at Turkey's Istanbul Airport. Photo courtesy of Fox Rent A Car.

Fox Rent A Car continues its international expansion with five new affiliate locations, which are now open for reservations.

Fox has opened its first location in New Zealand and continues to expand in Canada, the U.K., Mexico, and Turkey.

With the addition of these new facilities, Fox will offer its rental service at more than 120 locations in 29 countries and territories, including the United States, with its available fleet of over 60,000 vehicles, according to the company.

The new Fox locations are located in the popular tourist markets of Belfast, Northern Ireland; Merida, Mexico; Auckland, New Zealand; Fort McMurray, Alberta, Canada; and Istanbul, Turkey.

“We are very happy to expand with our new airport partners in Canada, Northern Ireland, New Zealand, Turkey, and Mexico to bring the Fox value and brand experience to travelers in these growing leisure rental markets,” said Jack Wetzel, director of the Fox Affiliate Division. “We continue to seek out new partners and business location opportunities to expand our car rental service to loyal Fox customers around the globe.”

Fox Adds 5 More International Locations – Bobit Business Media (press release) (blog)

Fox Rent A Car’s affiliate location at Turkey’s Istanbul Airport. Photo courtesy of Fox Rent A Car.
Fox Rent A Car's affiliate location at Turkey's Istanbul Airport. Photo courtesy of Fox Rent A Car.

Fox Rent A Car continues its international expansion with five new affiliate locations, which are now open for reservations.

Fox has opened its first location in New Zealand and continues to expand in Canada, the U.K., Mexico, and Turkey.

With the addition of these new facilities, Fox will offer its rental service at more than 120 locations in 29 countries and territories, including the United States, with its available fleet of over 60,000 vehicles, according to the company.

The new Fox locations are located in the popular tourist markets of Belfast, Northern Ireland; Merida, Mexico; Auckland, New Zealand; Fort McMurray, Alberta, Canada; and Istanbul, Turkey.

“We are very happy to expand with our new airport partners in Canada, Northern Ireland, New Zealand, Turkey, and Mexico to bring the Fox value and brand experience to travelers in these growing leisure rental markets,” said Jack Wetzel, director of the Fox Affiliate Division. “We continue to seek out new partners and business location opportunities to expand our car rental service to loyal Fox customers around the globe.”

Fox Adds 5 More International Locations – Bobit Business Media (press release) (blog)

Fox Rent A Car’s affiliate location at Turkey’s Istanbul Airport. Photo courtesy of Fox Rent A Car.
Fox Rent A Car's affiliate location at Turkey's Istanbul Airport. Photo courtesy of Fox Rent A Car.

Fox Rent A Car continues its international expansion with five new affiliate locations, which are now open for reservations.

Fox has opened its first location in New Zealand and continues to expand in Canada, the U.K., Mexico, and Turkey.

With the addition of these new facilities, Fox will offer its rental service at more than 120 locations in 29 countries and territories, including the United States, with its available fleet of over 60,000 vehicles, according to the company.

The new Fox locations are located in the popular tourist markets of Belfast, Northern Ireland; Merida, Mexico; Auckland, New Zealand; Fort McMurray, Alberta, Canada; and Istanbul, Turkey.

“We are very happy to expand with our new airport partners in Canada, Northern Ireland, New Zealand, Turkey, and Mexico to bring the Fox value and brand experience to travelers in these growing leisure rental markets,” said Jack Wetzel, director of the Fox Affiliate Division. “We continue to seek out new partners and business location opportunities to expand our car rental service to loyal Fox customers around the globe.”