The Airports Council International (ACI) in its World Airport Traffic Forecasts 2016–2040 predicts just a slight rise in global air cargo volumes each year…
Lethargic trade forecast to keep air cargo market growth modest till 2025
The Latest
WTO lowers world trade forecast for 2016-17 as merchandise volume falls sharply
The World Trade Organization (WTO) has revised downward its forecast for world merchandise volume in both 2016 and 2017, warning that the growth rates…
Asia on course for 5.7% GDP growth in 2016 and 2017, says ADB
Developing Asia is expected to grow steadily despite external pressures and should meet earlier forecasts for 2016 and 2017, aided by resilience in the…
S Korea’s Aug sea cargo dips; HK July exports fall
Cargo processed at South Korean seaports shrank nearly 6% in August from a year earlier despite a slight gain in exports, government data showed.…
‘K’ Line lambasts bankruptcy rumors, threatens legal action
Japanese ocean carrier Kawasaki Kisen Kaisha, Ltd. or “K” Line has refuted allegations of potential bankruptcy and is mulling legal steps against the instigators…
PH Customs At A Crossroads
This is a four-part article outlining the major problems confronting the Philippine Bureau of Customs; the previous efforts to reform and modernize the agency;…
Don’t rule out customs brokers yet, says industry expert
Although the engagement of their services will eventually become optional, customs brokers will continue to process shipments in the Philippines if the current Bureau…
Complicated PH clearance processes to warrant use of customs brokers by multinationals
Multinational companies will likely continue to engage the services of customs brokers even if these become optional two years after implementation of the Customs…
PH carriers seek more methodical Marina vessel inspections
The Philippine Inter-Island Shipping Association (PISA) has called for a more organized conduct of ship inspections amid random checks by the Enforcement Service (ES)…
Vietnam deletes ineffective provisions in several customs policies
Vietnam’s Minister of Finance (MOF) has signed an order voiding mandates in 25 legal documents—including those regulating customs procedures—saying they no longer provided any…
Maersk split-up unlikely to improve its growth prospects, says Fitch
The decision of A.P. Moller-Maersk A/S to divide itself into two independent segments is not likely to bring great benefits to the Danish shipping…
Transport sector part of DAP program eyeing 25% cut in business regulatory yoke
The Development Academy of the Philippines (DAP) has started a program meant to cut by 25% by 2020 the regulatory burden of several industries…
Asian economies face slower but steadier growth as advanced economies soften—report
The economic slowdown in the advanced economies is the biggest drag on global growth, and developing countries are now caught in the downdraft, according…
PH ports log 11% hike in cargo volume
Cargo volume handled by Philippine ports jumped 11% in the first seven months of the year to 141.770 million metric tons (mmt) from 128.217…
NAIA’s on-time flights up 20%
Strictly implementing existing and new measures and prioritizing commercial flights other than general aviation have improved the on-time performance of airlines at the Ninoy…
Plaza picked to head PEZA, Diño nabs SBMA post
The new heads of two of the country’s top investment promotion agencies, Subic Bay Metropolitan Authority (SBMA) and Philippine Economic Zone Authority (PEZA), have…
New NAIA elevated expressway toll-free for a month
Motorists may now ply a newly opened portion of the Ninoy Aquino International Airport (NAIA) Elevated Expressway free of charge for one month. Toll…
BOC expects P17.8M from Manila, Cagayan auctions
The Philippine Bureau of Customs (BOC) is eyeing additional revenue of more than P17.850 million from three public auctions of various goods to be…
Import of PH fire trucks may be under probe for gross undervaluation
The Philippine Bureau of Customs (BOC) has called on the Department of Justice (DOJ) to look into the alleged anomalous importation by the Bureau…
Indonesian port operator seeks police backing to cut dwell time
Port operator PT Pelabuhan Indonesia (Pelindo) III said it would welcome police support to bolster its efforts to cut dwelling time at the Tanjung…
