On January 3, 2016, port stakeholders may begin availing of the new decentralized revolving fund (RF) payment scheme of the Philippine Ports Authority (PPA)…
The Latest
BOC is PH’s best drug-fighting agency
The Bureau of Customs (BOC) was named the top drug-busting agency in the country by the Philippine Drug Enforcement Agency (PDEA), outperforming 58 other…
SBMA awards top 15 Subic Freeport investors
SUBIC BAY FREEPORT — The Subic Bay Metropolitan Authority (SBMA) has conferred its first SBMA Mabuhay Business Awards to 15 business locators who have…
Aquino signs Seafarers Protection Act
Philippine President Benigno Aquino III has signed into law a measure that protects the country’s seafarers from ambulance chasers. Aquino on November 26 signed…
PH Senate oks on 2nd reading Customs modernization act
The Philippine Senate last night approved on second reading Senate Bill 2968 or the Customs Modernization and Tariff Act (CMTA). The Department of Finance…
Harbour Centre eyes 10-hectare land to expand port capacity
Harbour Centre Port Terminal, Inc. (HCPTI) is planning to buy 10 hectares of land as part of a long-term solution to ease berth congestion…
PH off-dock CY/CFS operators to end rebate practice as new rates take effect
The Association of Off-Dock Container Yard Operators of the Philippines (ACOP) will no longer accommodate rebates starting the first day of January next year,…
BOC, DHL eye more efficient air express shipment clearance
The Bureau of Customs (BOC) and DHL Express Phils Corp will collaborate to enhance anti-smuggling strategies and align to global best practices procedures for…
El Niño, China slump dampen PH manufacturing output
The Philippines’ manufacturing sector recorded a slight decline in output for October 2015 due to the adverse effects of El Niño and continued weakening…
PH October exports dip 10.8%
Philippine exports fell by 10.8% in October 2015, the seventh straight month of decline owing to continued sluggish external demand, according to the Philippine…
PH brokers set 3-day protest vs online box booking system
A three-day work holiday will be staged by some customs brokers at two Manila ports next week in protest over the Terminal Appointment Booking…
Paris pact on climate change adopted
A total of 195 nations adopted the Paris Agreement on Climate Change—a historic pact to combat climate change and conduct actions and make investments…
Asia air cargo hubs log marginal growth
Airfreight market demand worldwide inched up by only 0.3% in October year-on-year, with international freight growing at 0.3% and domestic freight at 0.2%, according…
Cosco, CSCL merger gets nod to create world’s fourth biggest box line
China’s two biggest shipping conglomerates—China Cosco and China Shipping Container Lines (CSCL)—are officially merging following approval by the Cabinet, a development that will produce…
UN forecasts ‘only modest growth’ for world economy amid major headwinds
The world economy is projected to grow by 2.9% in 2016 and 3.2% in 2017, said a United Nations report released December 10. The…
Vietnam stands to make considerable gains from TPP—World Bank
The Trans-Pacific Partnership (TPP) agreement will have a positive effect on Vietnam, providing the country unique and comparative advantages such as fewer tariffs, export…
IATA: airfreight demand to expand slightly next year after weak 2015
Cargo demand for airlines in full year 2015 is expected to post only minimal growth, but is seen to improve slightly next year, with…
Manila North Port can now handle international cargoes
The Bureau of Customs (BOC) has awarded Manila North Harbour Port, Inc. (MNHPI), operator of domestic terminal North Port, a certificate of authority to…
Manila ports’ cargo-handling rates up 8% in end-Dec
The approved 8% increase in vessel and cargo-handling rates for Manila South Harbor and Manila International Container Terminal (MICT) will take effect December 28,…
Vietnam, EU ink free trade agreement
Vietnam and the European Union recently signed the European Union (EU)-Viet Nam Free Trade Agreement (EVFTA) that will pave the way for the removal…