Indonesia’s investment promotion board said it has received a request from the United States to put up a special U.S. desk at the agency…
US seeks special desk dedicated to American investors at Indonesia’s investment board
The Latest
Airfreight likely to end year on low note as October volumes dip
The air cargo industry is likely to close the year with a limp as the growth in volume it achieved recently appears to have…
GoFast system for empties return books more users
Foreign shipping lines and other port stakeholders in the Philippines are starting to use GoFast, the online system for returning empty boxes to off-dock…
Amid e-commerce boom, LBC Express sees sustained growth through 2016
Newly listed Philippine cargo and courier services provider LBC Express, Inc. expects to see continued revenue and volume growth toward the end of the…
BOC, COA sign up for audit program
The Bureau of Customs (BOC) and Commission on Audit (COA) are joining the Citizenry Participatory Audit (CPA) program of the Philippine Institute of Certified…
DTI streamlines processes, revokes obsolete orders
The Philippine Department of Trade and Industry (DTI) has streamlined its processes, reducing by almost half the number of department administrative orders (DAOs) it has…
Strict implementation of TABS may be moved forward if compliance remains low
The Manila International Container Terminal (MICT) is planning to strictly implement the Terminal Appointment Booking System (TABS) ahead of schedule if the current rate…
ASEAN investment in Vietnam balloons to $57B in 2,700 projects
As of October 20, 2015, eight members of the Association of Southeast Asian Nations (ASEAN) have plunked US$56.85 billion in 2,705 projects in Vietnam,…
Air cargo profit up in October from September, down from last year
The air cargo sector saw its income in October 2015 improve minimally over September but decline sizably compared to October last year, according to…
Box ship deliveries in 2015 set to break records
This year, container ship supply is expected to reach its highest growth in five years, and delivery rate to post a record high, further…
ASEAN bares ambitious regional roadmap for multimodal transport development
The Association of Southeast Asian Nations (ASEAN) envisions transport cooperation that fosters regional competitiveness and inclusive growth by the year 2025 through a comprehensive…
PH to pilot test IATA Secure Freight program in Dec
The Philippines will pilot test next month the International Air Transportation Association (IATA) Secure Freight program. An IATA security program for the global air…
ASEAN achieves significant progress in tariff liberalization since 1992 AFTA signing—report
Since the ASEAN Free Trade Area (AFTA) agreement was signed in 1992, the Association of Southeast Asian Nations member states (AMS) have made significant progress…
Only 30% of PH gov’t agencies plugged into National Single Window
A third, or only 12 of 40, government agencies involved in issuing import and export licenses, permits, and clearances are currently connected to the…
Waive bank secrecy in exchange for exemption from BIR clearance, Lina proposes to brokers
If Philippine customs brokers waive their right to bank secrecy, they may no longer be required to secure the Bureau of Internal Revenue’s (BIR)…
PH economy grows 6% in Q3, third highest rate in Asia
The Philippine economy grew 6% in the third quarter of 2015—slightly below the expected 6.3% growth but an improvement over the 5.8% expansion in…
PH Sept imports up 6.7%
The Philippines’ merchandise imports continued to post growth for the fourth consecutive month in September, boosted by double-digit increases in the importation of raw materials…
Rush to put up new businesses as Vietnam implements revised enterprise law
Vietnam might see the number of newly established enterprises increase to a record high following a significant surge in the launch of new firms…
Carriers laud Singapore’s decision to extend exemption for liner shipping pacts
Shipping lines in Singapore welcomed the decision by the Minister for Trade and Industry to extend the exemption of certain liner shipping agreements (LSAs)…
Zim achieves profit even as freight rates hit new lows
Israeli container shipping carrier Zim Integrated Shipping Services said that despite a challenging market environment, it achieved its fourth consecutive quarter of operating income…
