Swiss forwarder Kuehne + Nagel took further steps to bolster its regional expansion plans in the Association of Southeast Asian Nations (ASEAN) market with…
Kuehne + Nagel taps into ASEAN with new Singapore warehouse
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Logistics sector logs record-low confidence amid steady performance decline
The logistics industry demonstrated its lowest confidence level yet in reaction to the unremitting difficulties besetting the sector, according to the latest Stifel Logistics…
LBC firms sued over P1.8B unpaid service charges
The Philippine Deposit Insurance Corporation (PDIC) has filed a civil case against LBC Development Corporation and LBC Express, Inc. on behalf of the now-closed…
New chiefs for PH trade department, LTO appointed
The start of the year saw changes in two government agencies with the appointment of new chiefs for the Philippine Department of Trade and…
FTAs seen to help Vietnam’s economy grow 6.8% in 2016
Vietnam’s economy is estimated to grow 6.7% to 6.8% this year, lifted in part by free trade agreements (FTAs), according to the National Financial…
Singapore’s GDP rose 2.1% in 2015
The economy of Singapore grew by 2.1% year-on-year in 2015, in line with the earlier forecast by the Ministry of Trade and Industry (MTI)…
Hurdles cleared for Indonesia’s Kulon Progo airport project
Construction of the planned international airport in Kulon Progo district, Yogyakarta province in Indonesia will kick off mid-2016, according to the country’s vice president.…
Central bank cuts down Thailand’s 2016 economic outlook as exports deflate
The Bank of Thailand (BOT) has revised down growth projections for Thailand in 2016 to 3.5% from its September assessment of 3.7% as exports…
Singapore enforces amendments to dangerous goods rules
The Maritime and Port Authority (MPA) of Singapore said revisions to the Maritime and Port Authority of Singapore (Dangerous Goods, Petroleum and Explosives) Regulations…
Malaysia’s Penang Port targets 1.35M TEUs in 2016
Penang Port in Malaysia aims to handle 1.35 million twenty foot equivalent units (TEUs) of containers in 2016. Port manager Penang Port Sdn Bhd…
WorldACD finds ‘glimmers of hope’ as air cargo falls
For the first time in two-and-a-half years, November 2015 registered a monthly air cargo volume drop year-on-year, but it’s not a totally lost cause…
Hong Kong’s November export value decreased 3.5%
The value of Hong Kong’s total exports in November fell 3.5% year-on-year while imports dropped 8.1%, according to data from the Census & Statistics…
Vietnam gov’t underscores new measures for enhanced economic stability in 2016
Macroeconomic stability will be among the key tasks of the Vietnamese government in 2016, according to Prime Minister Nguyen Tan Dung. Deputy Prime Minister…
Thai exports down in 2015 but seen to rally next year
Thailand is projecting exports this year to fall 5.5% year-on-year to US$215 billion, but expects to post growth of 5% next year to about…
PH imports up 16.8% in October
Philippine merchandise imports grew 16.8% in October to $6.527 billion from $5.589 billion in the same month last year and 8.2% over the September…
Cebu Port Authority lists facilities for proposed P19.3B container terminal
Targeted for construction next year, Cebu’s proposed P19.3-billion international container terminal will have two 250-meter berths and four quay cranes, according to the Cebu…
BIR ruling clears up VAT exemption for int’l cargo, passenger transport
A newly released ruling of the Bureau of Internal Revenue (BIR) clarified the coverage of value-added tax (VAT) exemptions for the passenger and cargo…
NAIA congestion keeping PH from signing some ASEAN air transport liberalization pacts
The shortage of landing and takeoff slots and congestion at the Ninoy Aquino International Airport (NAIA) should not stop the Philippines from ratifying some…
Manila-Clark railway gets funding in 2016 budget
The proposed railway that will connect Metro Manila to Clark Freeport Zone (CFZ) and other points in Northern Luzon might commence by next year…
Container ships showcase sailing reliability
Box carriers’ sailing schedule reliability was unchanged in November as the average on-time performance across all trades slipped by just 0.8 percentage points against…
