Philippine Customs Commissioner Nicanor Faeldon has appointed officers-in-charge (OICs) to several senior positions at the Bureau of Customs (BOC) that had been vacant since…
BOC names OICs for key offices
The Latest
Vietnam’s exports increase 5.4% to $97B in first 7 months
The total export volume of Vietnam rose to US$96.99 billion in value in the first seven months of the year, up 5.4% against the…
Indonesia gov’t proposes 5.3% growth target for 2017
The Indonesian government has indicated a target of 5.3% economic growth in the draft state budget for 2017. “The outlook for the global economy…
Thai GDP improves 3.5% in second quarter
Thailand’s economy grew more than expected in the second quarter of 2016, expanding 3.5% year-on-year, higher than the 3.2% growth posted in the first…
Singapore exports take unexpectedly deeper plunge
Singapore’s non-oil domestic exports further contracted in July, tumbling 10.6% year-on-year following the 2.4% decrease in the previous month, as both electronic and non-electronic…
Switzerland is world’s most innovative; China joins Top 25
China has joined the ranks of the world’s 25 most innovative economies, while Switzerland, Sweden, UK, U.S., Finland, and Singapore lead the 2016 rankings…
P860B budget for PH transport infrastructure in 2017
The Duterte administration has submitted to Congress its proposed 2017 national budget amounting to P3.35 trillion, of which 10.6% is allotted for the development…
CAB eases PH application for air carriers’ operating permits
The Philippine Civil Aeronautics Board (CAB) has cut the number of requirements for the filing of original and renewal applications by air transport operators…
Ballooning costs further inflate Lorenzo Shipping’s loss in first half
Philippine carrier Lorenzo Shipping Corporation’s (LSC) net loss widened to P231 million in the first half of the year from P18 million in the…
Harbor Star first-half profit balloons threefold with boom in ship calls
Marine service provider Harbor Star Shipping, Inc. (HSSI) reported a 315% increase in net income in the first half of 2016 due to more…
2Go draws 1% profit drop in H1 even as businesses expand
Integrated transport solutions provider 2Go Group, Inc. reported a 1% decline in net income for the first half of the year despite strong revenues…
LBC gets 43% income boost from stronger volumes
LBC Express, Inc. posted a 43% increase in net income of P413.870 million in the first six months of the year, an improvement on…
PH transport chief lays out long-term plans, including for cargo sector
Philippine Transportation Secretary Arthur Tugade is eyeing the passage of a law that will ensure that a 30-year transportation and traffic roadmap for the…
Uptick in passenger numbers lifts airline’s income nearly 48% in first semester
Low-cost carrier Cebu Pacific (CEB) and its wholly owned subsidiary Cebgo generated a net income of P7.682 billion in the first half of the…
PAL profit contracts 21% in H1
Flag carrier Philippine Airlines (PAL) continued to post a double-digit decline in income this year, reporting a 21% reduction for the first half of…
PH factory output and sales pick up steam in H1
Philippine manufacturing posted strong growth in the first half of 2016, as production of construction-related manufactures recovered in June 2016, according to the National…
PH June exports down 11.5% on weak demand
Weak demand from major export markets pulled down Philippine exports by 11.4% in June 2016, marking the 15th consecutive month of decline, according to…
Upturn in HK air freight traffic reported for July
Air cargo volumes in Hong Kong got bigger in July as Hong Kong International Airport (HKIA) and Cathay Pacific Airways reported higher cargo volumes…
BOC seminar to teach cargo clearance without engaging customs brokers
The Bureau of Customs (BOC) will hold a whole-day seminar on August 19 on basic customs procedures, rules, and regulations to help importers and exporters…
ATI 1H income up 1% on higher Manila, Batangas traffic
Higher volume of shipments at its Manila and Batangas operations lifted port operator Asian Terminals Inc.’s (ATI) net income by 1% in the first…
