The draft customs administrative order (CAO) to implement Philippine provisions on duty drawback, refund and abatement, and return of sash deposits held in trust…
BOC issues draft rule on duty drawback, refund implementation
The Latest
P8M shabu package nabbed from 2 suspected drug couriers at NAIA
The Philippine Bureau of Customs (BOC) has apprehended two alleged members of drug syndicates as they attempted to get a package at the Federal…
Bond rates for bidders at BOC public auctions revised
The Philippine Bureau of Customs (BOC) has amended the rates of auction bonds for public bidding pursuant to the new Customs Modernization and Tariff…
Obama gov’t suspends push for TPP deal
The U.S. government of Barack Obama has dropped all plans to pursue the creation of the Trans-Pacific Partnership (TPP) in the wake of rising…
HK economy grows 1.9% as exports uptick continues
Hong Kong’s economy continued to pick up in the third quarter of this year, largely due to improvements in exports and in domestic demand.…
Container shipping forecast to see biggest hike in vessel operating costs
Vessel operating costs are expected to rise in both 2016 and 2017, with the container shipping sector seen logging the highest overall cost expansion…
PH exports reverse 17 months of downturn with 5.1% growth in Sept
The Philippines’ total merchandise trade grew 9.8% in September 2016, pulled into positive territory by the recovery of exports, according to the National Economic…
First container freight station at Subic port inaugurated
More ships are expected to call at the Port of Subic with the opening of its first container freight station (CFS) to cater to…
PPA to identify 5 priority ports for infra dev’t at ASEAN meet
The Philippine Ports Authority (PPA) will present its port infrastructure development plan, particularly five priority ports for improvement, at the 42nd Meeting of the…
Harbor Star grows income 202.8% on project payments, more ship calls
Marine service provider Harbor Star Shipping Services, Inc. (HSSI) reported a 202.8% increase in net income for the first nine months of 2016 due…
Cebu Pac, Cebgo nearly double Jan-Sep income as all units perform well
Low-cost carrier Cebu Pacific Air and wholly owned subsidiary Cebgo posted a 99.6% increase in net income for the first nine months of 2016…
PH solon scores omission of aviation in emergency traffic powers
Addressing the Philippines’ aviation problems should be included in the proposed measure on emergency traffic powers, as the Duterte administration cannot effectively solve the…
BOC seizes bogus smokes worth P65M in Davao City
The Philippine Bureau of Customs (BOC) has intercepted an attempt to smuggle some P65 million worth of fake cigarettes and other goods in Davao…
Record demolition augurs well for boxship industry, says Bimco
Containership demolition has reached an all-time high and provides a positive surprise for the struggling container shipping industry, according to the Baltic and International…
Transport execs identify top 5 risks to industry
Geopolitical instability and regulatory uncertainty emerged as the biggest among five major threats facing the transportation industry, according to results of a survey done…
APL introducing two new intra-Asia services
Box carrier APL is expanding its intra-Asia service network with the launch of a new Japan Taiwan 6 (JT6) Service and an upgraded Japan…
PH Customs order on advance ruling takes effect Nov 15
The customs administrative order (CAO) implementing a new advance ruling system for valuation and rules of origin (RO) in the Philippines will take effect…
ICTSI posts 5% profit growth
Global port operator International Container Terminal Services, Inc. (ICTSI) reported a 5% increase in net income in the first nine months of 2016 to…
APL scraps direct Subic-Manila service
Shipping line APL is ending its Manila Express (MNX) feeder service with final port calls to Manila and Subic in December. In an advisory,…
BOC x-ray units ordered to submit all shipments for final evaluation
Philippine Customs commissioner Nicanor Faeldon reiterated to all Bureau of Customs (BOC) officials and employees that all shipments that undergo x-ray examination must still…
