Asian Infrastructure Investment Bank (AIIB) has agreed to co-finance two initial infrastructure projects in the country, the Metro Manila Flood Management Project and the…
EDSA BRT project gets green light from Asian infra bank
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Draft of PH Anti-Agri Smuggling Act rules now with DOF
The Philippine Bureau of Customs (BOC) has submitted the draft implementing rules and regulations (IRR) of the Anti-Agricultural Smuggling Act of 2016 to the…
Cebu Pacific takes delivery of A330-300 for Manila-HK service
Low-cost carrier Cebu Pacific (CEB) recently received a new Airbus A330-300 aircraft in time for the holiday peak. Since December 20, Cebu Pacific has…
Vietnam customs revenue collection exceeds 93%
The revenue collection of Vietnam’s General Department of Customs has reached VND252.508 trillion (US$11.094 billion) as of December 15, 2016. This is equal to…
WCO embarks on groundwork for HS 2022
Even as the Harmonized System (HS) 2017 Edition enters into force early next year, the World Customs Organization (WCO) has already begun working on…
Zim announces revised trade services from April
Israel-headquartered Zim Integrated Shipping Services said it is restructuring its main services on major trades starting April 2017 to offer an improved network and…
Few PH cargo service firms have reached full automation—SoftLink-PortCalls survey
Majority of logistics companies in the Philippines have yet to automate their operations citing, among others, the lack of expertise in IT as a…
Freight rates to rise in 2017 despite shipping challenges—Drewry
Ocean freight rates for cargo moving under contracts on the major East-West trade routes are likely to start increasing next year, the first year…
Customs Modernization and Tariff Act Series 4: Title 1-Preliminary Provisions
For Series 1, click here. For Series 2, click here. For Series 3, click here. Title I of the Customs Modernization Tariff Act (CMTA) has four…
PPA eyes cheaper gov’t-funded Davao-Sasa port upgrade plan
The Philippine Ports Authority (PPA) Board has approved a request to abandon the P19.8-billion plan to redevelop Davao-Sasa port and will instead review a…
THE Alliance cleared to operate on US waters
The proposed liner consortium of five ocean carriers called “THE Alliance” becomes effective on December 19, 2016 after it recently received the green light…
Singapore delivers strong NODX growth in November
Singapore witnessed a robust expansion of 11.5% in non-oil domestic exports (NODX) in November 2016 year-on-year, a reversal from the 12.0% decline in the…
HK goods exports down 0.6%
Hong Kong’s volume of total exports of goods decreased by 0.6% year-on-year in October, as re-exports declined by 0.6%, while domestic exports increased by…
ICTSI to build $30M Manila-Cavite barge terminal
Port operator International Container Terminal Services, Inc. (ICTSI) will construct the Philippines’ first barge terminal for shipping containers between the Port of Manila and…
PH targets 6.5%-7.5% GDP growth in 2017
The Philippine government is setting a higher gross domestic product (GDP) growth target for 2017 of between 6.5% and 7.5%, according to Socioeconomic Planning…
BOC nabs shipments misdeclared as glutinous rice at Manila port
The Bureau of Customs (BOC) has seized a total of 20 twenty-foot equivalent units (TEUs) with misdeclared information that arrived for transshipment at the…
Customs chief eyes probe of reported release of imported firecrackers
Philippine Customs Commissioner Nicanor Faeldon said he is prepared to investigate whether Bureau of Customs (BOC) employees cleared release of imported firecrackers. In a…
DTI opens online gateway for PH export sourcing
The Philippine Department of Trade and Industry-Export Marketing Bureau (DTI EMB) has launched an online portal that provides integrated export information to assist Philippine…
PH Customs officer axed for SALN dishonesty
Philippine Finance Secretary Carlos Dominguez III has directed Customs Commissioner Nicanor Faeldon to dismiss from service a Bureau of Customs (BOC) official for serious…
Traffic emergency powers bill up for PH Congress plenary approval
The Senate bill that will grant Philippine President Rodrigo Duterte emergency powers to tackle the longstanding problem of traffic gridlock in Metro Manila and…
