LBC in backdoor listing

Holding company Federal Resources Investment Group, Inc. (FED) has entered into a deal with courier operator LBC Development Corp., which has been reported to…

2Go income up 103% in Q1

Listed company 2Go Group, Inc. reported a net income of P273.63 million in the first quarter of 2015, a 103% increase from P134.99 million…

ICTSI hires Aussie firm for container booking system

International Container Terminal Services, Inc. has appointed Australian IT company 1-Stop to implement the container booking system (CBS) at the Manila International Container Terminal.…

New online trading hub widens Asian exposure to global trade

The Pan Asian e-Commerce Alliance (PAA), a group of value-added service providers in Asia, has launched a new electronic marketplace to help Asian sellers…

Off-dock yard expands truck fleet to speed up empties repositioning

RILBEST Container Yard, Inc., which operates an off-dock facility in Cavite, has increased its truck fleet to help foreign shipping lines reposition empty containers…

BOC to launch electronic filing of certificates of origin

The Bureau of Customs has tapped value-added service provider InterCommerce Network Services, Inc. (INS), to introduce a cloud-based solution that will automate filing of…

DTI order expedites release of import cargoes held for cause

Philippine importers, traders, indentors, producers, and customs brokers with shipments held due to compliance issues can now refer to a newly released memo from…

Subic port offers longer free storage period for export boxes

The Subic Bay Metropolitan Authority (SBMA) has extended by three more days the free storage period for export containers to entice more shippers to…

BOC to strictly enforce CPRS renewal policy

The Bureau of Customs (BOC) reminded importers and customs brokers with expiring registration with the Client Profile Registration System (CPRS) to submit their yearly…

Pacific Concord-Hyundai agreement

Pacific Concord Container Lines, Inc (Southern Philippine branch) recently signed a sub-agency marketing agreement with Hyundai Merchant Marine (HMM) Phils Co. Photo shows L…

Deutsche Post DHL posts profit decline, still confirms targets

Logistics powerhouse Deutsche Post DHL is off to a moderate start with profit flat in the first quarter of the year despite higher revenues…

PH gov’t mulls agency that can keep tabs on foreign liners’ charges

The government plans to review whether it has the legal power to regulate charges of international shipping lines operating in the Philippines, following stakeholders’…

APL Logistics expands footprint in Jakarta

Singapore-based APL Logistics has opened a new container freight station (CFS) in Jakarta, Indonesia, to increase its share of the growing logistics market in…

Subic port sustains big splash with all-around growth in Q1

The entry of more shipping lines to Subic port and the growing Philippine economy will continue to strengthen operations at the Northern Luzon hub,…