The passage into law of the proposed Customs Modernization and Tariff Act (CMTA) will make over the Philippine Bureau of Customs (BOC), leading to…
BOC overhaul lies with customs modernization act passage – DOF
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Harbor Star posts 74% profit slip in first 9 months
Marine services provider Harbor Star Shipping Services, Inc. reported a 74% decline in net income for the first nine months of 2015 to P27.173…
Subic hits 100,000th container mark
SUBIC BAY FREEPORT — Subic’s New Container Terminal 2 (NCT2) recently received its 100,000th container, a milestone for the port. Subic Bay Metropolitan Authority (SBMA)…
PAL income soars 3,772% on more passenger travel
Flag carrier Philippine Airlines (PAL) reported a 3,772% surge in net income in the first nine months of the year mainly due to the…
HK economy decelerates to 2.3% as exports decline
Hong Kong’s economy slowed to 2.3% year-on-year in the third quarter from 2.8% in the previous quarter, as goods exports fell 3.2% on weaker…
Malaysia changes tactic in attracting foreign direct investors
The Malaysian government is shifting its attention to foreign direct investments (FDI) in high-value ventures and emerging technologies as its new strategy to attain…
Indonesia: centralized database of gov’t financial transactions improves accountability
The Indonesian government says the reform and modernization of the country’s public financial management systems has taken a big step forward following the adoption…
China, Singapore to review FTA for deeper cooperation
Singapore and China are looking to elevate the terms of their free trade agreement (FTA) to further deepen their economic ties, and said they…
Fitch rates Indonesian outlook as stable, sees higher growth in 2016-17
International credit rating agency Fitch Ratings has affirmed Indonesia’s sovereign credit rating of “BBB-” (investment grade) with a stable outlook despite its recent economic…
BOC: Business as usual during APEC
The Bureau of Customs is open during the Nov 17-19 Asia Pacific Economic Cooperation (APEC) Summit in Metro Manila. This is despite cancellation of…
BOC sets Dec pilot test for e-processing of Certificate of Origin
The Bureau of Customs (BOC) is pilot testing for three months starting in December the electronic processing for the application and issuance of the…
Malaysia’s real GDP seen to grow 4.4% in third quarter
The real gross domestic product (GDP) of Malaysia is expected to move at a slower pace of 4.4% in the third quarter of 2015…
Asian carriers log modest cargo growth but find yields falling
Asia-Pacific airlines have been reporting traffic growth for both passenger and cargo businesses, but are also encountering increased pressure on yield due to overcapacity…
E-processing of transshipments for REZA zones starts in 2016
The Bureau of Customs (BOC) and Regional Economic Zone Authority (REZA) have signed a joint memorandum for the mandatory electronic processing of transshipments of…
BOC creates mobile app to guide balikbayan box senders
The Bureau of Customs (BOC) will be rolling out an app that will help overseas Filipino workers (OFWs) to be constantly informed about rules for sending…
PH Sept exports drop 24.7%, the largest dip in 4 years
Philippine merchandise exports fell 24.7% in September 2015 as sluggish global demand and depressed prices weakened exports of all key commodities, according to the…
BOC confident Customs modernization act signed into law by yearend
The Bureau of Customs (BOC) expects President Benigno Aquino III to sign into law the Customs Modernization and Tariff Act (CMTA) by yearend. Around…
Vietnam highlights efficiencies from using automated cargo clearance system
The Customs agency of Vietnam said that a year after deployment, the customs automated cargo clearance and intelligence information system is functioning well, paving…
Airports record small cargo volume gains in September
The world’s airports reported slower growth in cargo volumes for September in comparison to passenger traffic, according to a new report by Airports Council…
Indonesian economy recovers but still seen to fall short of 2015 target
Indonesia’s economy improved in the third quarter and is projected to continue growing through the fourth quarter, but it is unlikely to hit the…
