Motorjoy Depot Inc.
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Motorjoy Depot Inc.
Motorjoy Depot Inc. (MDI), otherwise known as Motortrade Mindanao, is a Mindanao-based subsidiary of Motortrade engaged in motorcycle dealership, sales and repair, and loans services. It is Mindanao's largest motorcycle dealership; a market leader in the island. Branches Mindanao-based Motortrade and Honda Prestige Honda Prestige Traders Inc. (HPTI), branded as Honda Prestige, is a Honda-branded subsidiary of Motortrade engaged in motorcycle dealership, sales and repair, and loans services exclusively for Honda motorcycles. History Honda Prestige is a resu ... branches are separately managed by Motorjoy, around 200 branches, in order to facilitate rapid expansion in the island. The company also carries brands such as Honda, Yamaha, Suzuki, Kawasaki, Kymco, and PMR. Distinctions Motorjoy-managed Motortrade branches in Caraga earned the distinction of being one of the most labor-compliant establishments in the region. In 2011, Motorjoy ranked top 400 in BIR's list of top t ...
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Motortrade
Motortrade Nationwide Corporation, branded as Motortrade and sometimes incorrectly called simply as Motortrade Philippines, is a Philippine-based conglomerate engaged in motorcycle dealership, sales and repair, and loans services. History Established as Bicol Supply Center in 1969 by Chinese-Filipino migrant Vicente Ongtenco, it initially offered motorcycle spare parts and hardware components in Daet, Camarines Norte. The business grew and shifted towards a motorcycle retail business and was eventually incorporated by the Securities and Exchange Commission (SEC) on December 27, 1979, as Motortrade Nationwide Corporation. In 2011, Motortrade ranked top 300 in BIR's list of top taxpaying corporations in the Philippines. Branches Motortrade currently has over 700 branches in Luzon and Visayas, with an additional 200 branches in Mindanao managed by a subsidiary company, Motorjoy Depot Inc. (MDI). Aside from multi-brand stores, Motortrade also operates brand-specific stores such a ...
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Davao City
Davao City, officially the City of Davao ( ceb, Dakbayan sa Dabaw; ), is a first class highly urbanized city in the Davao Region, Philippines. The city has a total land area of , making it the largest city in the Philippines in terms of land area. It is the third-most populous city in the Philippines after Quezon City and Manila, and the most populous in Mindanao. According to the 2020 census, it has a population of 1,776,949 people. It is geographically situated in the province of Davao del Sur and grouped under the province by the Philippine Statistics Authority, but the city is governed and administered independently from it. The city is divided into three congressional districts, which are subdivided into 11 administrative districts with a total of 182 barangays. Davao City is the center of Metro Davao, the second most populous metropolitan area in the Philippines. The city serves as the main trade, commerce, and industry hub of Mindanao, and the regional center of D ...
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Philippines
The Philippines (; fil, Pilipinas, links=no), officially the Republic of the Philippines ( fil, Republika ng Pilipinas, links=no), * bik, Republika kan Filipinas * ceb, Republika sa Pilipinas * cbk, República de Filipinas * hil, Republika sang Filipinas * ibg, Republika nat Filipinas * ilo, Republika ti Filipinas * ivv, Republika nu Filipinas * pam, Republika ning Filipinas * krj, Republika kang Pilipinas * mdh, Republika nu Pilipinas * mrw, Republika a Pilipinas * pag, Republika na Filipinas * xsb, Republika nin Pilipinas * sgd, Republika nan Pilipinas * tgl, Republika ng Pilipinas * tsg, Republika sin Pilipinas * war, Republika han Pilipinas * yka, Republika si Pilipinas In the recognized optional languages of the Philippines: * es, República de las Filipinas * ar, جمهورية الفلبين, Jumhūriyyat al-Filibbīn is an archipelagic country in Southeast Asia. It is situated in the western Pacific Ocean and consists of around 7,641 islands t ...
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Chairman
The chairperson, also chairman, chairwoman or chair, is the presiding officer of an organized group such as a board, committee, or deliberative assembly. The person holding the office, who is typically elected or appointed by members of the group, presides over meetings of the group, and conducts the group's business in an orderly fashion. In some organizations, the chairperson is also known as ''president'' (or other title). In others, where a board appoints a president (or other title), the two terms are used for distinct positions. Also, the chairman term may be used in a neutral manner not directly implying the gender of the holder. Terminology Terms for the office and its holder include ''chair'', ''chairperson'', ''chairman'', ''chairwoman'', ''convenor'', ''facilitator'', '' moderator'', ''president'', and ''presiding officer''. The chairperson of a parliamentary chamber is often called the ''speaker''. ''Chair'' has been used to refer to a seat or office of authority ...
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President (corporate Title)
A president is a leader of an organization, company, community, club, trade union, university or other group. The relationship between a president and a chief executive officer varies, depending on the structure of the specific organization. In a similar vein to a chief operating officer, the title of corporate president as a separate position (as opposed to being combined with a "C-suite" designation, such as "president and chief executive officer" or "president and chief operating officer") is also loosely defined; the president is usually the legally recognized highest rank of corporate officer, ranking above the various vice presidents (including senior vice president and executive vice president), but on its own generally considered subordinate, in practice, to the CEO. The powers of a president vary widely across organizations and such powers come from specific authorization in the bylaws like ''Robert's Rules of Order'' (e.g. the president can make an "executive decision" on ...
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Mindanao
Mindanao ( ) ( Jawi: مينداناو) is the second-largest island in the Philippines, after Luzon, and seventh-most populous island in the world. Located in the southern region of the archipelago, the island is part of an island group of the same name that also includes its adjacent islands, notably the Sulu Archipelago. According to the 2020 census, Mindanao has a population of 26,252,442 people, while the entire island group has an estimated population of 27,021,036 according to the 2021 census. Mindanao is divided into six administrative regions: the Zamboanga Peninsula, Northern Mindanao, the Caraga region, the Davao region, Soccsksargen, and the autonomous region of Bangsamoro. According to the 2020 census, Davao City is the most populous city on the island, with 1,776,949 people, followed by Zamboanga City (pop. 977,234), Cagayan de Oro (pop. 728,402), General Santos (pop. 697,315), Butuan (pop. 372,910), Iligan (pop. 363,115) and Cotabato City (pop. 325,079). ...
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Subsidiary
A subsidiary, subsidiary company or daughter company is a company owned or controlled by another company, which is called the parent company or holding company. Two or more subsidiaries that either belong to the same parent company or having a same management being substantially controlled by same entity/group are called sister companies. The subsidiary can be a company (usually with limited liability) and may be a government- or state-owned enterprise. They are a common feature of modern business life, and most multinational corporations organize their operations in this way. Examples of holding companies are Berkshire Hathaway, Jefferies Financial Group, The Walt Disney Company, Warner Bros. Discovery, or Citigroup; as well as more focused companies such as IBM, Xerox, and Microsoft. These, and others, organize their businesses into national and functional subsidiaries, often with multiple levels of subsidiaries. Details Subsidiaries are separate, distinct legal entities f ...
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Motorcycle
A motorcycle (motorbike, bike, or trike (if three-wheeled)) is a two or three-wheeled motor vehicle steered by a handlebar. Motorcycle design varies greatly to suit a range of different purposes: long-distance travel, commuting, cruising, sport (including racing), and off-road riding. Motorcycling is riding a motorcycle and being involved in other related social activity such as joining a motorcycle club and attending motorcycle rallies. The 1885 Daimler Reitwagen made by Gottlieb Daimler and Wilhelm Maybach in Germany was the first internal combustion, petroleum-fueled motorcycle. In 1894, Hildebrand & Wolfmüller became the first series production motorcycle. Globally, motorcycles are comparably popular to cars as a method of transport. In 2021, approximately 58.6 million new motorcycles were sold around the world, fewer than the 66.7 million cars sold over the same period. In 2014, the three top motorcycle producers globally by volume were Honda (28%), Yamaha (17 ...
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Loans
In finance, a loan is the lending of money by one or more individuals, organizations, or other entities to other individuals, organizations, etc. The recipient (i.e., the borrower) incurs a debt and is usually liable to pay interest on that debt until it is repaid as well as to repay the principal amount borrowed. The document evidencing the debt (e.g., a promissory note) will normally specify, among other things, the principal amount of money borrowed, the interest rate the lender is charging, and the date of repayment. A loan entails the reallocation of the subject asset(s) for a period of time, between the lender and the borrower. The interest provides an incentive for the lender to engage in the loan. In a legal loan, each of these obligations and restrictions is enforced by contract, which can also place the borrower under additional restrictions known as loan covenants. Although this article focuses on monetary loans, in practice, any material object might be lent. Act ...
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Honda Prestige
Honda Prestige Traders Inc. (HPTI), branded as Honda Prestige, is a Honda-branded subsidiary of Motortrade engaged in motorcycle dealership, sales and repair, and loans services exclusively for Honda motorcycles. History Honda Prestige is a result of the long-term historic partnership between then Philippine distributor, Mariwasa-Honda, (now Honda Philippines) and Motortrade since the latter's inception in 1969. While Motortrade still carries Honda motorcycle units, most Honda-quality and exclusive services are served via Honda Prestige branches with branches nationwide. As with Motortrade, Mindanao stores are operated on behalf of Honda Prestige by Motorjoy Depot Inc. Big Bikes On December 9, 2017, Honda Prestige and its parent company, Motortrade, once again entered a special agreement with Honda Philippines to host the country's first big bike store at the Honda Prestige branch at EDSA cor. Harvard St., Makati. The branch was promptly renamed as the Honda Flagship Shop Man ...
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Caraga
Caraga, officially the Caraga Administrative Region (or simply known as Caraga Region) and designated as Region XIII, is an administrative region in the Philippines occupying the northeastern section of Mindanao. The region was created through ''Republic Act No. 7901'' on February 23, 1995. The region comprises five provinces: Agusan del Norte, Agusan del Sur, Dinagat Islands, Surigao del Norte, and Surigao del Sur; six cities: Bayugan, Bislig, Butuan, Cabadbaran, Surigao and Tandag; 67 municipalities and 1,311 barangays. Butuan, the most urbanized city in Caraga, serves as the regional administrative center. Etymology Caraga is named after the Kalagan people (Spanish "Caragan"), a Mansakan subgroup (related to Visayans) native to the regions of Davao and parts of Caraga who speak the Kalagan languages. The name itself is from ''kalagan'' (literally "trongspirited") which means "fierce" or "brave"; from ''kalag'' ("spirit" or "soul") in the native animistic '' anito'' ...
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