The Bank of Finland notes that global economic growth in 2015 has been the slowest since 2009, and there is no sign of strong…
Global growth in 2015 slowest in 6 years, says bank
The Latest
DHL Express Philippines certified among best employers
International express service provider DHL Express Philippines has once again been recognized as one of the world’s leading employers, bagging a Top Employer Global…
Asia-Pacific in transition but still with much potential for growth—APEC
Asia-Pacific still has much potential even if it is no longer the leading driver of economic growth as long as it pursues a more…
PH gateways on heightened alert after Brussels explosions
President Benigno Aquino III has ordered the Department of Transportation and Communications (DOTC) to impose heavier security activities around Philippine transportation facilities and terminals…
Malaysia, Hong Kong ink customs pact
Hong Kong’s and Malaysia’s customs agencies have agreed to mutually recognize their respective Authorized Economic Operator Programs (AEOs). Hong Kong Commissioner of Customs &…
BOC sets import rules for certain meat products
After issuing a memorandum order in early March requiring pre-clearance of meat products carrying a tariff of 10% and below from the Office of…
PH gov’t sees sustained eco growth but stays alert for downside risks
The Philippine government is certain of continued growth in 2016 and the near future, but remains watchful of downward risks to the economy, according…
Strong holiday season lifts FedEx 3Q earnings
Tennessee-based package delivery service FedEx Corp. reported adjusted earnings of US$692 million, or $2.51 per share, for the third quarter ended February 29, 2016,…
Lufthansa Cargo profit plunges 40% on market overcapacity
The Lufthansa group generated consolidated revenues of EUR32.1 billion (US$36.2 billion) in 2015, a 6.8% increase on the previous year. The adjusted EBIT, the…
Batangas terminal posts record 2015 growth
Batangas Container Terminal (BCT) said it sustained its growth momentum in 2015, handling over 130,000 twenty-foot equivalent units (TEUs) of commodities for Southern Luzon…
SC asked to stop Davao-Sasa port modernization project
Concerned citizens and resort owners in Davao have filed with the Supreme Court (SC) a Writ of Kalikasan and temporary environmental protection order seeking…
DTI eyes advisory body to supervise execution of logistics masterplan
The Philippine Department of Trade and Industry (DTI) plans to establish a Supply Chain and Logistics Advisory Council (SCLAC) that will oversee and monitor…
BOC calls for research paper on customs, global trade for WTO conference
The Philippine Bureau of Customs (BOC) is inviting individuals to submit research papers to be presented at the World Customs Organization (WCO) Partnership in…
PSA Int’l labels 2015 ‘bewildering’ as profit drops 9.5%
Global port operator PSA International Pte Ltd (PSA) said it saw a decline in overall net profit in 2015, as the slow global economy…
Indonesia, Australia agree to resume stalled economic cooperation dialog
The governments of Indonesia and Australia will reactivate talks on the Indonesia-Australia Comprehensive Economic Partnership Agreement (IA-CEPA) and target making the bilateral trade agreement…
Malaysia crafting master plan to revive local maritime industry
The government of Malaysia is working on a master plan to develop the country’s troubled domestic shipping industry in anticipation of the intensifying competition…
Some PH meat imports now require pre-clearance from Office of Customs Commissioner
The Bureau of Customs (BOC) has mandated that Philippine imports of meat products carrying a tariff of 10% and below must secure clearance from…
Moody’s lowers global shipping outlook to negative
In a move that is hardly surprising, global credit rating agency Moody’s Investors Service has changed its outlook on the global shipping sector to…
Asia’s airports log 3.3% freight growth in January
Asia-Pacific’s airports posted a slight increase in total air freight traffic for the whole of 2015, and continued the trend of weak growth going…
Malaysia eyes expansion of pilot Customs facility that will lower firms’ compliance costs
The government of Malaysia says its pilot customs reform program implemented through public-private collaboration has so significantly cut the compliance costs of businesses that…
