Philippine Customs Commissioner Nicanor Faeldon is calling on trade regulatory agencies to revisit and simplify their process of issuing importation permits as a way…
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Over 1,000 PH gov’t issuances presented for repeal
Twenty-five Philippine departments and agencies have submitted more than 1,000 issuances for possible revision, merger, or repeal as part of a campaign to cut…
P4.8B Bicol International Airport breaks ground
The long-delayed P4.8-billion Bicol International Airport (BIA) project finally took off on December 8. President Rodrigo Duterte and Transportation Secretary Arthur Tugade led ground-breaking…
PH vows to spend P8T on infrastructure in 6 years
The Philippine government needs at least P8 trillion over the next six years to close the infrastructure gap and be on an equal footing…
Malaysian exports, industrial output expand in October
Malaysia’s exports rose 1.7% in October, the highest recorded thus far in 2016, but went down 0.6% in the first 10 months of the…
Hyundai Merchant enters into a limited tie-up with 2M
South Korea’s Hyundai Merchant Marine (HMM) failed to strike a deal for full membership into 2M, the world’s largest container shipping alliance, settling instead…
WCO to study e-commerce impact on trade, customs control
The World Customs Organization (WCO) has recently established a working group on e-commerce that is tasked to collect and exchange data on best practices…
Asian air freight prospects expected to improve in 2017
The global air cargo business should see a pause in profit decline in 2017 as the airline industry on the whole is forecast to…
Study: Cap capacity at Manila ports to disperse cargo traffic to Subic, Batangas
A new study published by a Philippine government think tank believes that limiting future expansion plans at Manila ports and directing shippers to increase…
BOC developing system to detect undervalued declarations
The Philippine Bureau of Customs (BOC) is devising a system to monitor the import value declaration of importers in a move to combat misinvoicing.…
Verdan returns to head Cebu Port Authority
Philippine maritime and aviation veteran Angelo Verdan has resumed his post as general manager of the Cebu Port Authority (CPA) starting December 1, with…
BOC, DOF sign IRR on duty, tax-free shipment of ‘balikbayan’ boxes
The Philippine Bureau of Customs (BOC) and the Department of Finance (DOF) have signed Customs Administrative Order (CAO) 05-2016, which will allow tax and…
BOC appoints new AOCG deputy commissioner
Lawyer James Edward Dy Buco has been appointed as the new deputy commissioner for Assessment and Operations Coordinating Group (AOCG) of the Philippine Bureau…
BOC to auction off used cars, various merchandise
Forty-six containers holding various items like used vehicles and electronic bikes (e-bikes) as well as computers and parts will be sold by the Bureau…
Felicio leads SCMAP’s new board
The Supply Chain Management Association of the Philippines (SCMAP) will be led by a newly elected national board of directors going into 2017. Nestor…
Boeing: Asia-Pacific to require 500,000 new pilots, technicians within 20 years
Aircraft maker Boeing in a fresh report projects that more than 500,000 new pilots and technicians will be needed in the Asia-Pacific to support…
Yang Ming might be next up for consolidation
Taiwanese container line Yang Ming Marine Transport Corp., the state’s No. 2 and now the world’s ninth largest box carrier, may be merged with…
Air freight carriers upbeat as demand hits highest level in 18 months
Global air freight demand, measured in freight tonne kilometers, surged 8.2% year-on-year in October, the briskest growth seen in 18 months, according to the…
ASEAN market surpasses EU, US in openness to trade
Increased integration into the global economy of the economies that comprise the Association of Southeast Asian Nations (ASEAN) has made the region a more…
Shipments under PH Co-Loading Act exempt from mandatory filing of consumption entry
The Philippine Bureau of Customs (BOC) has exempted from mandatory filing of consumption entry articles for transit covered by Republic Act (RA) No. 10668,…