Senior officials of the Brunei Darussalam-Indonesia-Malaysia-Philippines East ASEAN Growth Area (BIMP-EAGA) and Australia’s Northern Territory (NT) have agreed to prepare a preliminary scoping report…
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Cebu Pacific increases Manila-Doha flights
Low-cost carrier Cebu Pacific is adding flights between Manila and Doha, Qatar, beginning July 9, 2016. Cebu Pacific, the only Philippine carrier flying nonstop…
Auction of overstaying cargo to net BOC P1B
The Bureau of Customs (BOC) expects to earn about P1 billion from the auction of overstaying cargo at various ports in the country. At…
Pac-Atlantic Off-Dock CFS at 20
Pac-Atlantic Off-Dock CFS recently celebrated its 20th anniversary at the Philippine Columbian Association ballroom in Paco, Manila. After the thanksgiving mass and dinner, the…
Indonesia’s economy registers 4.9% growth in Jan-Mar
Economic growth in Indonesia was weaker than estimated in the first quarter of 2016. According to the latest data from Statistics Indonesia (BPS), Indonesia’s…
Malaysia recovers from slump as exports to key markets rise
Malaysia’s outward shipments rebounded in the first quarter of 2016 to MYR185.16 billion (US$46.26 billion), a 1% hike compared to a 2.5% decline in…
Korea’s Incheon Port gets traffic boost from intra-Asia trade
Incheon Port’s cargo volume in the first quarter of this year rose 7.6% to 579,495 TEUs from 538,509 TEUs a year earlier, largely on…
IATA predicts another arduous year for cargo carriers
Global airfreight markets for March 2016 showed a 2% drop in volumes measured in freight tonne kilometers (FTKs) compared to the same period last…
$105M net loss for NOL as freight rates touch historic lows
Neptune Orient Lines (NOL) saw a net loss after tax of US$105 million in the first quarter of 2016, attributing the contraction to a…
Global logistics growth cools as emerging markets weaken
The global contract logistics market expanded by only 3.8% in 2015, down from 4.4% the previous year, but is predicted to improve with the…
Westports’ net profit zooms 42% in Q1
Malaysian port operator Westports Holdings Bhd said its net profit in the first quarter reached MYR171 million (US$43 million), higher by 42% from the…
Korean firms eye shift of investments to Vietnam from China
South Korea’s consumer goods firms are shifting their overseas focus to Vietnam as their business in China reaches its limits, increasing investment and aggressively…
Manila raid yields fake watches worth P1.5B
A total of 150,000 counterfeit designer watches were seized at a warehouse in Tondo, Manila by joint operatives of the Bureau of Customs (BOC)…
Customs modernization act now awaiting PH President’s signature
The Customs Modernization and Tariff Act (CMTA) was transmitted on May 3 to the Office of the Deputy Executive Secretary for Legal Affairs under…
MICT slashes by 50% booking fee for TABS high-demand slots
Rates for the high-demand zone under the Terminal Appointment Booking System (TABS) have been reduced by half for a limited period as Manila International…
DTI lists excess charges PH forwarders should stop collecting
The Philippine Department of Trade and Industry (DTI) is once again warning freight forwarders not to impose charges not stipulated in the issuances and…
Indonesia eases registration rules for SMEs under 12th economic policy
Indonesian President Joko Widodo (Jokowi) has announced the 12th tranche of the government’s economic policy package which will focus on facilitating the setup of…
ECU Line rebrands as ECU Worldwide
ECU Line, one of the global NVOCC leaders and a 100% subsidiary of Allcargo Logistics Ltd, recently announced the global rollout of its new…
Magsaysay Group to power logistics business with Softlink’s Logi-Sys
The Magsaysay Group is set to deploy breakthrough technology to manage its growing logistics business. One Stop Logistics Solutions Inc., Magsaysay Group’s transport, warehouse…
ATI’s cash dividend of P820M a 30-year record high
Listed port operator Asian Terminals Inc. (ATI) declared a total cash dividend of P820 million, or 41 cents per share, as it delivered another…