The National Economic and Development Authority (NEDA) Board has approved five multibillion-peso projects, including the P23-billion road project that will connect the North Luzon…
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Online trade platform eyed to help SMEs secure loans sans collateral
The Philippine government and the private sector are looking at ways to provide small and medium-size enterprises (SMEs) access to financing without enterprises having…
PAL expands Oceania flights, Cebu Pacific opens another Japan service
The Philippines’ two largest airlines launched this month new flights to Papua New Guinea and Japan. Philippine Airlines on December 18 commenced thrice-weekly flights…
Taxiway extension seen to decongest NAIA
The Philippine government has inaugurated the P452-million Ninoy Aquino International Airport (NAIA) taxiway extension designed to help address congestion at the country’s main gateway.…
Foreign investments in PH balloon 165% to P48.6B in Q3
Investments by foreign entities approved by the Philippines’ seven investment promotion agencies (IPAs) increased 165% in the third quarter of 2015 from the same…
PH economy strong enough to hit 6% growth in 2015—NEDA
The Philippines can achieve a growth rate of 6% in 2015 with domestic demand remaining strong, according to Socio-Economic Planning Secretary Arsenio Balisacan. “Our…
Vietnam-South Korea FTA takes effect
The Vietnam-South Korea Free Trade Agreement (VKFTA), which the two countries signed earlier this year, took effect on December 20, according to Vietnam’s Ministry of…
Robust Asia-US trade prevents sharper decline in global box traffic, report says
The trans-Pacific trade stood out in 2015 as one of the few maritime lanes to show strong performance, as overall global container trade growth…
Malaysia estimates 7.5% growth in box handling capacity
Malaysia’s ports are expected to see their container handling capacity this year growing by over 7.5% from 22.67 million twenty-foot equivalent units (TEUs) recorded…
World Bank retains growth forecast for Indonesia amid continued challenges
The World Bank has kept economic growth projections of 5.3% for Indonesia in 2016, unchanged from its forecast in October. In the World Bank’s…
Thai logistics industry’s revenue to balloon to $96B in 2019—Frost & Sullivan
Thailand’s logistics sector stands to benefit from the country’s ambitious plans to become a prominent player in the Association of Southeast Asian Nations (ASEAN)…
Indonesia cuts dwell time, launches investor green lane at ports
The waiting period for containers at Tanjung Priok port in Jakarta, Indonesia, is now shorter by 1.3 days compared to just a few months…
Asian Terminals thumbs down changes to TABS
Manila South Harbor operator Asian Terminals Inc. (ATI) said it will not make changes to the Terminal Appointment Booking System (TABS) to, among others,…
ICTSI launches unit offering BPO services
International Container Terminal Services, Inc. (ICTSI) recently opened its shared services company (SSC), ICTSI Asia Pacific Business Services, Inc. (APBS). APBS was established to…
Vietnam’s exports set for sustainable long-term growth, says bank
Vietnam will be able to sustain strong export growth in the long term, thanks to the diversification of its markets and products, according to…
DHL opens first Asia-centric innovation hub in Singapore
Global logistics giant DHL has launched its Asia Pacific Innovation Center (APIC) in Singapore, its first innovation center outside of Germany that it said…
Indonesia posts trade deficit as exports decline 17%
The Indonesian economy posted a higher-than-expected export contraction in November 2015 of over 17% year-on-year and over 7% month-on-month, as a result of low…
Box carriers announce GRI on US-Asia trade as Asian demand wanes
Member box lines in the Transpacific Stabilization Agreement (TSA) are attempting a general rate increase (GRI) on dry cargo transported on the U.S.-Asia trade…
P9B Cebu container port to begin construction Q3 2016
Construction of the new P9.13-billion Cebu International Containerized Port could start by the third quarter of 2016, according to the chief of the Cebu…
PNP orders 60-day moratorium on license requirement for controlled chemicals
The Philippine National Police (PNP) has suspended for 60 days its requirement for companies to secure a license or permit to import, handle, or…