• Hyundai Brings The XCIENT Power At The 2017 PHILCONSTRUCT

      PASAY CITY, Manila – Hyundai Asia Resources Inc. (HARI), the Philippines’ official distributor of Hyundai passenger and commercial vehicles, will be introducing the New Generation of the Hyundai XCIENT heavy-duty truck at the 2017 PHILCONSTRUCT Construction Show which will be held at the World Trade Center & SMX Convention Center, SM Mall of Asia from January 6 to 9, 2018.   PHILCONSTRUCT is the biggest construction show in the country. It caters both to the heavy equipment and machinery, …

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  • Hyundai Dream Center Philippines: Hyundai's Christmas Gift to our Underprivileged Youth

    (L-R) HARI Chairman Emeritus Richard L. Lee, HARI President and CEO Maria Fe Perez-Agudo, Plan International Philippines Country Director Dennis Guy O’Brien, and Plan International Korea External Relations Team Manager Choi Yun Sung

     

    December 5, 2017– Hyundai Asia Resources Inc. (HARI), the Philippines’ official distributor of Hyundai passenger and commercial vehicles, joined forces with the world’s third largest vehicle manufacturer, Hyundai Motor Company of South Korea (HMC) in …

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  • Hyundai Sparks GREEN Revolution in Marikina City

    At the Groundbreaking Ceremony of Hyundai Marikina were: (L-R) Hyundai Asia Resources, Inc. (HARI) SVP – Trade Operations and Development Cluster Numeriano Cortez, Jr., Marikina City Business Permits and Licensing Office Department Head Atty. Nancy Teylan, Marikina City First District Representative Bayani Fernando, Marikina City Mayor Marcelino Teodoro, Shaw Automotive Resources, Inc. (SARI) President Felix Limcaoco III, HARI President and CEO Ma. Fe Perez-Agudo, HARI EVP and CFO Ladislao …

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  • HARI grows by 12% in November with Grand Starex and Accent; H100 stages grand recoup

      “2017 PROVED TO BE UPBEAT FOR Hyundai, reflecting our driven and empowered industry. We expect to maintain this growth momentum, thereby contributing to the overall growth of the economy for 2017.” --Ma. Fe Perez-Agudo, HARI President and CEO   Performance and Drivers   Hyundai Asia Resources Inc. (HARI), the official distributor of Hyundai vehicles in the Philippines, registered positive year-to-date growth in Passenger Car (PC) and Light Commercial Vehicle (LCV) sales, growing by 12% …

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  • Hyundai Gears Up for 2018: Focused to Meet a Wide Range of Demands in Transport and Mobility

      Hyundai Asia Resources, Inc. (HARI), the Philippines’ official distributor of Hyundai passenger and commercial (trucks and buses) vehicles, gears up in anticipation of the government’s intensified push for infrastructure in 2018. With its line of passenger cars, commercial, and special vehicles braced for a wide range of mobility and payload requirements, HARI underscores its role as the Filipino’s lifetime partner to success.   “We are broadening our corporate horizon at a very opportune …

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Hyundai, keen on infrastructure agenda; eyes Mindanao as next auto hub

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Hyundai General Santos, the first dealership in Mindanao to be given a “Narra” pre-certification by the Philippine Green Building Initiative for Best Green Practices and the first Hyundai dealership in Mindanao to implement the new Global Dealership Space  Identity (GDSI) standard.

 

In support of the national government’s infrastructure agenda, Hyundai Asia Resources, Inc. (HARI), aims to scale its capacity and resources anticipating a boost in transport and construction come 2018. HARI, with four dealerships in Mindanao to date – Cagayan de Oro, General Santos, Southern Mindanao (Davao), and Zamboanga City – looks to developing its network buoyed by the region’s strong economic performance reported in May 2017.

 

According to regional growth statistics, Davao grew by 9.4 percent in 2016, thanks to its industry sector, as construction surged to 25.8 percent (from 10.2 percent) in the same year[1]. Meanwhile, Northern Mindanao posted a record-high growth in the last six years, with its gross regional domestic product reaching P305 million in the same period.[2]

 

“Infrastructure helps in leveling the field for growth, allowing cities and provinces to maximize their full potential particularly for Mindanao. It’s encouraging not only for Hyundai, but for the rest of the business community to expand our presence in the country further,” HARI President and CEO, Ma. Fe Perez-Agudo said.

 

In the 2017 World Economic Forum Competitiveness Index, the Philippines’ ranking was dragged down by its current weak state of infrastructure; with the global institution calling on public and private sector to address this huge gap in development.[3]

 

Heeding this call, the ‘Build, Build, Build’, the government’s massive infrastructure program, is expected to take off in 2018, with a P1-trillion allotment in the National Budget.[4] This will increase public construction tenfold, with private sector expecting to follow – as government accelerates spending for main roads, bridges, seaports, airports nationwide.

 

Parallel to the government’s widespread efforts is the completion of Hyundai’s commercial division dealership facilities in ten key locations nationwide by end of the first quarter of 2018. Situated in growth centers in CALABARZON, Western Visayas, and Mindanao, these facilities cover a wide-range of trucks, buses, and special-purpose vehicles to service large-scale and commercial accounts and SMEs. With construction on the rise, Hyundai’s commercial division foresees expanding to 20 locations by 2020.

  
 

[1] http://www.sunstar.com.ph/davao/local-news/2017/05/05/94-growth-recorded-davao-regions-economy-540149

[2] http://www.sunstar.com.ph/cagayan-de-oro/business/2017/05/05/northern-mindanao-grdp-posts-76-growth-540129

[3] https://www.rappler.com/business/183395-philippines-global-competitiveness-index-2017-wef

[4] https://www.rappler.com/move-ph/issues/budget-watch/176588-duterte-submit-2018-national-budget-congress