Infrastructure needs in developing Asia and the Pacific will exceed US$22.6 trillion, or $1.5 trillion per year, from 2016 to 2030, if the region…
ADB: Asia infrastructure gap surpasses $1.7T per year
The Latest
WTO members commit to advance work on implementing TFA
Following the entry into force of the World Trade Organization’s Trade Facilitation Agreement (TFA), WTO members pledged to advance work on implementing the…
US policy shifts inject uncertainty into global economic outlook, says Moody’s
The global economy will expand this year as emerging markets experience modest growth momentum and developed countries perform close to their potential, but significant…
Draft customs order sets new rules for movement of goods in free zones
The Department of Finance (DOF) and the Bureau of Customs (BOC) have issued the draft order that will implement new rules for the admission,…
PH logistics stakeholders bare industry prospects for 2017
Cargo transport service providers in the Philippines are keeping a positive but cautious outlook for 2017, concerned over domestic and global challenges that could…
Davao box terminal eyes throughput recovery in 2017
Davao International Container Terminal (DICT) expects to breach the 300,000 twenty-foot equivalent units (TEUs) mark this year with the expected recovery of banana plantations…
Going digital to unlock potential of PH air cargo industry
Cargo IT solutions provider CHAMP Cargosystems said it sees potential for further growth of the Philippine airfreight market if the industry can harness digitalization…
PH, China customs agencies partner in fight against drug smuggling
The Bureau of Customs (BOC) and the Philippine Drug Enforcement Agency (PDEA) have teamed up with China’s Fujian Provincial Drug Law Enforcement Agency in…
PPA awaits nod to drop P19B Davao port upgrade, eyes lower project cost
The Philippine Ports Authority (PPA) is awaiting approval of the National Economic and Development Authority (NEDA) Board to formally cancel the previous administration’s modernization…
Harbor Star scores big in first overseas towing work this year
Harbor Star Shipping Services, Inc. (HSSSI) has already generated the equivalent of half of its 2016 revenues from towing services after completing its first…
BOC introduces easy-to-follow info sheet for OFWs sending balikbayan boxes
The Bureau of Customs (BOC) has issued a revised information sheet with easier to follow instructions for overseas Filipino workers and Filipinos residing abroad…
Singapore Customs applies new excise duties on diesel fuels
New excise duties have been imposed on diesel fuels by Singapore Customs, the charges taking effect February 20, 2017. In Circular No: 03/2017 dated…
Launch of Indonesia’s Kertajati Airport to experience slight delay
The Kertajati International Airport on the northeastern coast of West Java, Indonesia, is expected to become fully functional by June next year, three months…
Boxship deliveries seen to enter era of languid growth
After increasing each year since 2011 to reach record levels in 2015, containership deliveries fell sharply in 2016, signaling a potentially new era of…
SM Shipping unfurls sails for maiden voyage in March
South Korea’s SM Shipping, the container liner newly formed by Samra Midas (SM) Group after it bought the Asia-North America route from bankrupt carrier…
New WCO security program targets counter-terrorism activities in SEA
The World Customs Organization (WCO) is set to launch a new initiative to help customs administrations in Southeast Asia implement tighter security measures against…
More logistics projects rise as part of Indonesia’s sea toll program
The Indonesian government expects a number of logistics warehouses to start operating in March, even as it eyes a new port in Southeast Sulawesi,…
IATA says WTO trade facilitation accord a boost to e-freight program
The International Air Transport Association (IATA) welcomed the entry into force of the World Trade Organization’s (WTO) Trade Facilitation Agreement (TFA), saying it will…
Air cargo witnessed a revival amid rocky 2016, says ACI
In the midst of trade volatility and geopolitical conflicts, the air cargo industry ended 2016 on a strong note and passenger traffic remained resilient,…
UPS to bolster investment in smart logistics, announces long-term plans
American logistics giant UPS announced it will be making the most dramatic changes of its existence ever—largely by increasing investments in smart logistics, innovation,…
