Manufacturing production by Singapore declined in November on both year-on-year and month-on-month basis for all segments except chemicals, according to a new release from…
Singapore’s factory output slows down
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Thai gov’t unveils new economic strategy, gears for AEC
The government of Thailand has announced a new economic strategy intended to expand its role in international trade and strengthen the national economy. Prime…
Vietnam’s GDP growth reaches 5-year high
The economy of Vietnam grew an estimated 6.68% this year, the fastest pace in five years, according to the General Statistics Office (GSO). The…
Volatility deflates shipping confidence over freight rate hikes
Overall confidence levels in the shipping industry fell in the three months to November 2015, with respondents expressing negative sentiment that freight rates will…
Rising transshipments keep Busan Port busy
South Korea’s Busan Port experienced a cargo volume uptick of 4.8% in the first 10 months of the year despite the global economic slowdown,…
HK economy forecast to log moderate growth in 2016
The economy of Hong Kong is expected to grow by 2.5% in 2016, largely unchanged from this year’s performance. Sluggish overseas economies, a strong…
BOC revenues down by 7% in Nov
The total collection of the Philippine Bureau of Customs reached P29.1 billion in November, 27.4% or P10.9 billion below the P40-billion target for the…
Singapore forms team to update economic strategy for ‘new global realities’
Singapore’s newly formed Committee on the Future Economy (CFE) is all set to review and update the city-state’s economic strategy and come up with…
PH airlines handle 53.2% more freight in first three quarters
Freight carried by domestic airlines in the first nine months of 2015 surged 53.2% to 196.816 million kilograms from 128.465 million kilos year-on-year, data…
BOC allows cashing in of VAT tax refund credits
Philippine firms may now monetize the outstanding value-added tax (VAT) tax credit certificates (TCCs) they earned from the Bureau of Customs (BOC). In a…
PNP open to 10-year extension of license for controlled chemicals
The Philippine National Police (PNP) is looking at extending the validity period of licenses for the purchase and handling of controlled chemicals as long…
Economic services get P830B of 2016 P3T PH budget
President Benigno Aquino III has signed the 2016 national budget worth P3.002 trillion, of which P829.6 billion or 27.6% has been allocated for economic…
BOC warns vs illegal activities of ‘Task Force Sunshine’
The Philippine Bureau of Customs (BOC) is dissuading the public from transacting with persons pretending to be connected with the agency through the so-called…
Davao raid nets largest catch of smuggled smokes
The Bureau of Customs-Enforcement Group (BOC-EG) seized early this month P12.675 million worth of fake imported cigarettes, the agency’s biggest haul of such products…
Indonesia releases 3-pronged 8th stimulus package
The government of Indonesia unveiled on December 21 its eighth economic stimulus package that involves three policies. The three are the scrapping of import…
Airlines will no longer carry hoverboards
Philippine Airlines and Cebu Pacific Air have prohibited hoverboards and other similar battery-operated personal transportation vehicles on board their aircraft to ensure passenger and crew…
2 firms charged in contraband imports worth P9M
The Bureau of Customs (BOC) has filed smuggling charges against two consignees of alleged illegal shipments of imported rice and pyrotechnics with a total…
Box freight rates dipped to new lows in 2015, says report
Freight rates on the east-west trades experienced “devastation” this year, with new all-time lows recorded on the Asia-Northwest Europe (NWE) and U.S. East Coast…
Deadline for bids to P19.7B Davao port upgrade extended anew
The Department of Transportation and Communications (DOTC) has again moved the deadline for the submission of proposals for the P19.7-billion Davao-Sasa port modernization project…
PH Senate vows to approve Customs modernization act early next year
The Philippine Senate vows to approve the Customs Modernization and Tariff Act (CMTA) when it resumes sessions next year. Senate president Franklin Drilon said…
