The Export Development Council (EDC) has identified priority legislation that needs to be tackled by the incoming 17th Congress in order to spur development…
EDC lists urgent legislation to boost exports
The Latest
PPA keeps pass to billionaires’ club with P2.2B in remittances for 2015
The Philippine Ports Authority (PPA) remitted P2.187 billion to the national coffers last year, once again making it a member of the “billionaires’ club,”…
Purisima assures smooth takeover for incoming finance chief
The Department of Finance (DOF) welcomed the naming of Carlos Dominguez as the agency’s next secretary, with incumbent Secretary Cesar Purisima personally ensuring that…
ICTSI’s Iraq terminal upgrades operating system
Basra Gateway Terminal (BGT), the container terminal in Iraq of port operator International Container Terminal Services, Inc. (ICTSI), has upgraded its terminal operating system…
BOC orders manual processing for PEZA transhipments while e2m slowdown persists
Transhipment applications from Philippine Economic Zone Authority (PEZA) locators will have to be processed manually by the Bureau of Customs (BOC) while the agency…
Implementing rules for PH Co-Loading Act out
The implementing rules and regulations (IRR) for the Foreign Ships Co-Loading Act, which allows foreign vessels to transport Customs-cleared foreign cargoes to multiple Philippine…
Proposed Cebu container terminal essential for growing trade
With the trade boom in the region, Cebu needs to establish a new container terminal in anticipation of bigger cargo volume and as a…
Pact transferring PH sea freight forwarders’ accreditation to DOTC close to approval
A draft order that will effectively transfer the work of accrediting sea freight forwarders from the Philippine Department of Trade and Industry (DTI) to the…
Microsoft beefs up BOC cybersecurity
The Philippine Bureau of Customs (BOC), in partnership with Microsoft Philippines, is spearheading cybersecurity advances with other government agencies in an effort to increase…
Is ‘Uber’ in Trucking the Next Big Thing?
A majority of global freight movement involves trucking and yet, the industry still struggles to move freight long distances quickly, safely, and inexpensively. As…
Lorenzo Shipping swings to P67M loss in Q1
Philippine carrier Lorenzo Shipping Corporation (LSC) reported a net loss of P67 million for the first quarter of 2016 from a net income of P16…
Lower sales, higher costs slash PAL’s Q1 income by 21%
Flag carrier Philippine Airlines (PAL) reported a 21% decline in net income for the first quarter of 2016 to P2.980 billion from P3.777 billion…
BOC puts brakes on entry of 3 misdeclared luxe cars
The Bureau of Customs (BOC) has foiled an attempt to bring a shipment of three second-hand luxury vehicles into the country through misdeclaration. The…
PH beats expectations, posts GDP growth of 6.9% in Q1
The Philippines’ gross domestic product (GDP) grew 6.9% in the first quarter of the year, making the country the fastest growing among 11 Asian…
Asia-Pacific carriers saw double-digit shrinkage in 2015 airfreight revenue
The cargo revenue of Asia-Pacific airlines declined last year by a significant 11.7% to US$18.5 billion as a result of the general slowdown in…
Box traffic jumps at Vietnam’s Cai Mep port with 5 new service calls
Container volume has more than doubled in the first quarter of 2016 year-on-year at Cai Mep International Terminal (CMIT) in Vietnam, attributed to the…
Slower export decline for Singapore, export growth for Korea
The non-oil exports and reexports of Singapore in April 2016 had a softer decline year-on-year compared to the previous month, but analysts warn it…
Depressed rates push CMA CGM, Hapag-Lloyd into red territory
Despite volume growth, French liner CMA CGM reported a net loss of US$100 million in the first quarter of 2016 from a net profit…
Freight forwarders still downcast about growth prospects
Air and sea freight movers continue to hold low expectations about the industry’s current and future growth, as reflected in the marginal month-on-month decline…
Box ship capacity projected to top 20 million TEUs this year
The container shipping fleet is expected to break through the 20 million TEU barrier this year, prompted largely by the arrival of mega ships,…
