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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. [3] In 2011, Motortrade ranked top 300 in BIR's list of top taxpaying corporations in the Philippines. [4]
A cap of 30,000 riders in Metro Manila and 9,000 riders in Metro Cebu was imposed with the allocation of riders equally shared between the three motorcycle taxi service providers. Angkas would have to cut down its fleet of 27,000 riders to comply with the cap.
The Motorcycle Riding-in-Tandem Ordinance is an ordinance enacted by the City Council (Sangguniang Panlungsod) of Mandaluyong, a city in Metro Manila, Philippines.. It was enacted as a counter-measure against snatch thievery and other crimes by restricting motorcycle pillion riding, which is colloquially known as "riding in tandem" in the Philippines.
It is a motorcycle with an enclosed cabin rigidly attached, and has four wheels – the two wheels of a motorcycle, and an additional wheel on each side. It has the capacity to carry more passengers than the traditional tricycle. The motorela was invented by Rafael D. Floirendo, a mechanic from Cagayan de Oro, in 1964.
Bennetts was founded by Frederick J Bennett in 1930 in Coventry. Trading as F.J. Bennett and Sons, they initially provided general insurance services for customers in the West Midlands. By the early 1980s, trading as G.F. Bennett and Co and managed by Frederick's son Gordon, the company focussed on providing motorcycle insurance. [2]
The current version of the license plates measure 390 mm wide and 140 mm high, while current motorcycle plates released since 2020 measure 235 mm wide and 135 mm high. The characters are stamped on an aluminum plate, which is then painted with reflective paint.
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In 2023, the company entered the Malaysian life insurance market through an investment in Gibraltar BSN Life Berhad, which was renamed FWD Insurance Berhad. Alongside other investors, FWD Group acquired a stake from The Prudential Insurance Company of America, a wholly owned subsidiary of the US-based, NYSE-listed Prudential Financial, Inc. (PFI).
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related to: motorcycle insurance philippines