The Philippine Bureau of Customs (BOC) is embarking on six projects designed to upgrade its information technology systems. The projects, to be implemented with…
BOC rolls out P222M tech modernization projects
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3 more Metro Manila thoroughfares open truck lane
Three additional key roads in Metro Manila have been placed by the Metropolitan Manila Development Authority (MMDA) under its one-truck-lane policy as part of…
BOC awards top PH importers, customs brokers for 2015
The Bureau of Customs (BOC) named oil company Petron Corporation as its number one Philippine importer for 2015, having contributed 5% to the agency’s…
Harbor Star subsidiary snags Malaysia charter contract
Malaysian tugboat and marine services provider Peak Flag Sdn. Bhd., a subsidiary of Philippine-based Harbor Star Shipping Services, Inc., has secured a two-year charter…
Singapore’s committee on future economy identifies growth sectors to cultivate
The Singapore government is set to pinpoint future growth industries and grab new opportunities in the digital world by leveraging on the state’s core…
WTO’s TFA to accelerate enhanced PH customs efficiency—DTI
The ratification of the World Trade Organization’s Trade Facilitation Agreement (WTO TFA) will fast track customs processing in the Philippines, leading to a host…
PH North-South rail project draws in five bidders
The Philippine government’s biggest public-private partnership (PPP) project—the P171-billion North-South Railway Project (NSRP)—has attracted five prospective bidders, according to the Public Private Partnership Centre.…
PH bill equating agricultural smuggling with economic sabotage gets Lower House approval
The Philippine Lower House has approved on third and final reading a bill seeking to declare large-scale agricultural smuggling as an act of economic…
Asian carriers make slight rebound at end of tumultuous 2015, says IATA
Airfreight volumes lifted by Asia-Pacific carriers posted moderate growth for the whole of 2015 as regional airlines appeared to have recovered a little by…
Malaysia fast-tracking FTA negotiations with EU
The free trade agreement (FTA) between Malaysia and the European Union (EU) is expected to be finalized in the first quarter of this year,…
UPS rakes record 4Q profit as US e-commerce demand booms
Atlanta-based United Parcel Service (UPS) said it generated fourth-quarter 2015 adjusted diluted earnings per share (EPS) of US$1.57, a 26% increase over adjusted fourth-quarter…
Zim trims fat to build ‘lean, agile enterprise’
Israeli shipping line Zim Integrated Shipping Services has announced sweeping changes to its organizational structure as part of a strategy to “build a lean…
Bicameral committee approves Customs modernization act
The Customs Modernization and Tariff Act (CMTA) has finally been approved by the Philippine Congressional Bicameral Conference Committee, one step away from the measure…
Slowing Asian economies affect Thai December exports
Thailand’s merchandise exports contracted in December and in the fourth quarter of 2015, pulled down by the slowdown in Asia’s emerging economies and a…
‘Unreasonable heavy metro traffic’ blamed for high trucking rates in PH
Heavy traffic in the metropolis is what’s stopping Philippine truckers from bringing down their service rates despite the continuing decline in fuel prices locally…
BOC fails to hit 2015 revenue target
The Philippine Bureau of Customs (BOC) said seven of its 17 collection districts and 16 of its 31 sub-ports exceeded their revenue goals in…
PUVs, including cargo trucks, may soon be required to install speed limiters
Cargo trucks are among public utility vehicles (PUVs) in the Philippines that will be required by a proposed bill to install speed limiters in…
DSV acquires UTi Worldwide Inc
DSV’s acquisition of UTi Worldwide Inc. has been completed with the approval of UTi shareholders and competition authorities. “We are proud to welcome customers…
3 Palawan port zones under PPA control
President Benigno Aquino III has expanded the jurisdiction of the Philippine Ports Authority (PPA) with three new port zones in Palawan. Aquino on January…
Esguerra named acting NEDA chief, socioeconomic planning secretary
Dr Emmanuel F. Esguerra, deputy director general of the National Economic and Development Authority (NEDA), has been officially appointed by President Benigno Aquino III…
