The Philippines has climbed four notches to 99th place out of 190 economies in the 2017 World Bank-International Finance Corporation Doing Business Report. In…
PH leaps 4 places in ‘Doing Business’ ranking
The Latest
Duterte’s Japan state visit yields $1.8B in private investments
TWELVE private business agreements worth US$1.8 billion were sealed during the recent three-day state visit of President Rodrigo Duterte to Japan. Presidential spokesperson Ernesto…
P20M in smuggled Chinese rice imports blocked at Manila port
The Bureau of Customs (BOC) intercepted 12 forty-foot equivalent units (FEUs) of imported rice from China that were illegally shipped to the Port of…
OOCL revenue plunges 13.8% in Q3 despite volume growth
Hong Kong-based carrier Orient Overseas Container Line (OOCL) reported higher volumes in the third quarter of 2016, but this did not arrest overall revenue…
UPS earnings up 3.6% amid fuel and currency headwinds
Atlanta-headquartered United Parcel Service (UPS) saw strong growth in its third-quarter 2016 diluted earnings per share, which rose US$1.44, or a 3.6% increase over…
PH ratifies Trade Facilitation Agreement
The Philippines has ratified the World Trade Organization’s (WTO) Trade Facilitation Agreement (TFA), which is expected to lower trading costs for local businesses once…
UPS orders 14 Boeing 747 jets in $5.3B contract
Atlanta-based courier United Parcel Service (UPS) has ordered 14 new Boeing 747-8 cargo jets as it gears to expand fleet capacity on its international air…
Singapore industrial output soars 6.7% in September
Singapore’s manufacturing production increased 6.7% in September 2016 as almost all but the chemicals and transport engineering clusters rose year-over-year, according to the Singapore…
Airport freight volume rebounds but passenger traffic slumps in August
Global airport freight traffic on both international and domestic fronts posted strong growths in August, overtaking the pace of global passenger traffic, which weakened…
Marina corrects timing of random ship checks to prevent departure delays
The Maritime Industry Authority-Enforcement Group (Marina-ES) has agreed to conduct random inspection of vessels while the ships are unloading cargo—not while they are set…
Truck booking system boosts PPA earnings 16% in Jan-Sep
The net income of the Philippine Ports Authority (PPA) logged a double-digit hike in the first nine months of the year, this despite the…
Transportify offers on-demand delivery services in PH
Transportify, a mobile and web app that allows booking and managing pickups and deliveries in select metro areas across Southeast Asia, has recently been launched…
PPA forges ties with Port of Antwerp to sharpen PH supply chain
The Philippine Ports Authority (PPA) has agreed to engage in maritime capacity building and technical cooperation with the Port of Antwerp International (PAI) and…
PH domestic trade books gains in Q2
Philippine domestic trade increased 39.3% in the second quarter of 2016 to P158.71 billion from P113.93 billion in the same period last year. Data…
$2B in business packages eyed in Duterte’s Japan visit
The Philippines and Japan are expected to sign 12 deals worth an estimated $2 billion during President Rodrigo Duterte’s three-day official visit to Tokyo…
China commits $24B worth of investment, loan pledges to PH
The Philippine government secured US$15 billion worth of investment pledges from China for development projects in infrastructure, transportation, communication, energy, real estate, and manufacturing…
E-commerce driving parcel service boom
Global parcel demand grew more than 7% in 2015 and the industry is expected to achieve even stronger growth over the next few years,…
DHL’s $85M Singapore hub features first fully automated express facility in South Asia
DHL Express has launched its EUR85.0 million (US$85.4 million) South Asia Hub, a fully mechanized 24-hour express facility located within Changi Airfreight Centre (CAC)…
Escolango is SBMA administrator
Lawyer Randy Escolango has been appointed as Subic Bay Metropolitan Authority’s (SBMA) new officer-in-charge (OIC) administrator, replacing Roberto Garcia, who was both SBMA chairman…
Chinese firm to set up ship-to-ship business in Subic
Chinese firm Jovo Group Company Ltd. Guangdong (Jovo), a clean energy service provider, said it is ready to begin ship-to-ship (STS) transfer operations…
