The Hanoi Customs Department is all set to deploy next month the test model for Vietnam’s Aviation Single Window at Noi Bai International Airport,…
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EC gives conditional clearance to Hapag-Lloyd and UASC merger
The European Commission (EC) has approved the proposed acquisition by German carrier Hapag-Lloyd of Middle East-based rival United Arab Shipping Company (UASC) subject to…
BOC, BIR crack down on illicit tobacco trade with seizure of P1B fake cigarettes
Separate teams from the Philippine Bureau of Customs (BOC) and the Bureau of Internal Revenue (BIR) have seized fake cigarettes worth over P1 billion…
Cargo revenue decline sets back PAL income by 57%
Philippine Airlines (PAL) posted a double-digit decline in net income for the first nine months of 2016, reporting a 57% reduction to P2.599 billion…
Russia eyes $2.5B imports from PH in 2017
The Russian government has committed to increase significantly its imports from the Philippines to more than US$2 billion from $46 million and came up…
DOTr Usec Kintanar resigns
Philippine Transportation Secretary Arthur Tugade has accepted the resignation of Undersecretary for Rails Noel Kintanar. “Mr. Kintanar said he would like to give Sec.…
WCO declares 2017 as year of data analysis
The World Customs Organization (WCO) has announced it will dedicate 2017 to the promotion of data collection and analysis as a key Customs tool…
US to withdraw from TPP on Trump’s first day in office
U.S. President-elect Donald Trump has announced in a YouTube clip that the country will step back from the Trans-Pacific Partnership (TPP) trade deal on…
World’s airports report impressive cargo volumes for second month
Global air freight markets witnessed strong growth for the second consecutive month in September, as the international freight market strengthened and demand surged for…
Pecson is new PPP Center chief
Ferdinand Pecson has been officially appointed executive director of the Public-Private Partnership Center of the Philippines (PPP Center). Pecson’s appointment was signed by President…
Cebu airport chosen Asia-Pacific Airport of the Year
The Philippines’ Mactan-Cebu International Airport (MCIA) has been named Asia-Pacific Airport of the Year 2016 by aviation think tank Centre for Aviation (CAPA). CAPA…
P1M cash reward for info on customs official’s killers
A P1-million reward will be given anyone who can provide information leading to the arrest of those behind the ambush of Customs deputy commissioner…
PH customs rules operationalizing higher de minimis value take effect
The Philippine Bureau of Customs (BOC) guidelines governing duty- and tax-exempt importation of shipments falling within the increased de minimis value of P10,000 and…
PH cites benefits for ASEAN ports that link up with Maritime Silk Road
The Philippines is urging members of the Association of Southeast Asian Nations (ASEAN) Ports Association (APA) to align their policies and port infrastructure improvements…
Draft BOC orders on postal items, baggage processing seek feedback
A draft customs administrative order (CAO) implementing provisions on the handling of the clearance of postal items and another on the processing of traveler…
ASEAN transport ministers vow to intensify regional connectivity
Transport ministers of the Association of Southeast Asian Nations (ASEAN) have adopted, endorsed, and reaffirmed several initiatives and policies intended to further deepen integration…
LBC income up 59% as logistics sales boom
Logistics, courier, and remittance services provider LBC Express, Inc. reported a net income of P620.547 million in the first nine months of 2016, which…
BOC surpasses Nov daily revenue goal by 7.6%
Revenues collected as of mid-November show that the Philippine Bureau of Customs (BOC) has exceeded by 7.6% its average daily target. Preliminary data from…
NEDA Board okays 8 major infrastructure projects
Eight infrastructure projects in transportation, agriculture, and rural development seen to support Philippine socioeconomic development goals have received the nod of the National Economic…
Netherlands, Singapore lead DHL’s global connectedness index
Global connectedness finally surpassed the 2007 pre-crisis peak during 2014, but international trade remained under pressure in 2015 and the future of globalization is…