Philippines says closure of Honda carmaker's plant has little impact on economy

Honda has announced that the plant in Philippines which locally produces two models for Honda, BR-V, and the City, that it will stop production operations in its plant in Sta Rosa, Laguna province, in March 2020. - The Star/ANN

MANILA: The spokesman of Philippine President Rodrigo Duterte said on Sunday (Feb 23) that the decision of Japanese carmaker Honda Cars Philippines Inc. (HCPI) to close its manufacturing plant in the Philippines in March has "minimal" impact on the economy.

Presidential Spokesman Salvador Panelo was reacting to the announcement of HCPI, which locally produces two models for Honda, BR-V, and the City, on Saturday that it will stop production operations in its plant in Sta Rosa, Laguna province, in March 2020.