The Philippine Bureau of Customs (BOC) is fast-tracking the promotion and hiring of new personnel to fill around 3,000 vacant plantilla positions as a…
BOC accelerates recruitment, promotion to check corruption
The Latest
OOCL’s 21,400-TEU, Hapag-Lloyd’s 15,000-TEU newbuilds to ply Asia-Europe lane
Both Hong Kong-listed Orient Overseas Container Line (OOCL) and German liner Hapag-Lloyd are fielding their latest mega newbuilds on the Asia-Europe lane immediately. OOCL…
Customs’ AMO ordered to speed up handling of importers’ applications
Philippine Customs commissioner Isidro Lapeña has instructed the Accounts Management Office (AMO) to process the applications of importers and customs brokers registering with the…
CCBI primes customs brokers for Oct launch of P10 lodgment fee
Chamber of Customs Brokers, Inc. (CCBI) president Atty. Ferdinand Nague is encouraging all member customs brokers to coordinate with their value-added service providers (VASPs)…
Indonesia, Brunei and VN are East Asia’s biggest movers in competitiveness race
Among the 17 East Asia and Pacific economies covered, 13 have increased their overall competitiveness—albeit marginally—with Indonesia, Brunei Darussalam, and Vietnam making the largest…
HK’s total exports value up 7.4%
The value of Hong Kong’s total goods exports rose 7.4% year-on-year in August, while that of goods imports increased 7.7%, the Census & Statistics…
ADB raises growth projections for developing Asia
Growth in developing Asia for 2017 and 2018 will exceed previous projections as a result of the broad-based recovery in global trade, robust expansion…
BOC orders strict enforcement of underguarding
Philippine customs district collectors and office heads were reminded to stringently enforce underguarding of goods from the port of discharge to the destination customs…
DHL Express hikes prices effective Jan
Global international express services provider DHL Express has announced its annual general average price increase, to take effect January 1, 2018. The average price…
Eisma replaces Diño as chairperson of SBMA
President Rodrigo Duterte has appointed Subic Bay Metropolitan Authority (SBMA) administrator and chief executive officer Atty. Wilma T. Eisma as chairperson of the Freeport…
ICTSI enters Papua New Guinea
International Container Terminal Services, Inc. (ICTSI) has signed two 25-year concession agreements to operate, manage, and develop the international ports of Motukea and Lae…
Hungary, Singapore forge air transport accord
Singapore and Hungary signed September 26 an air transport agreement (ATA) formalizing the agreement that was concluded in 2011, Singapore’s Ministry of Transport announced.…
Asian carriers log firm cargo growth in Aug
The solid expansion in international cargo markets continued unabated for Asian airlines in August, while international passenger demand showed encouraging growth, according to traffic…
Global growth outlook for 2017 upgraded on strong trade rebound
Trade growth in 2017 has been revised upward by the World Trade Organization (WTO), as stronger-than-expected growth in Asia and recovering import demand in…
PH customs and trading rules made easy with new book
“Understanding International Trade, Tariff and Customs” authored by customs and trade expert Atty Agaton Uvero was launched recently at the Makati Shangri-La before guests from the customs,…
SG maritime sector prepares for shift from physical to virtual flows
To sustain Singapore’s standing as a global maritime hub, the International Maritime Centre (IMC) 2030 Advisory Committee is calling on the maritime sector to…
MSC order for 22,000-TEU box ships raises overcapacity specter
Mediterranean Shipping Company (MSC) has reportedly ordered a series of eleven 22,000-TEU vessels for delivery during 2019-2020, raising worries of overcapacity hitting the industry…
5 Common Customs Mistakes of Importers
Unless you are buying a one-off low value item online, buying offshore for regular importers and for high-value goods is a complex affair. Ordering…
Air freight volumes record solid increase in July
Continuing a trend of strong growth in 2017, airport freight volumes recorded a robust 8.9% increase and passenger traffic grew 6.8% in July, according…
ICTSI buys 34.83% of Manila North Harbor for P1.75B
International Container Terminal Services, Inc. (ICTSI) is acquiring 34.83% shares of Petron Corporation in domestic port operator Manila North Harbour Port, Inc. (MNHPI) for…
