Implementing the World Trade Organization’s Trade Facilitation Agreement (TFA) can help increase global merchandise exports by up to US$1 trillion per annum, according to…
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Thai port operator marks milestone of 15M TEUs handled
Hutchison Ports Thailand (HPT) said it crossed this month the threshold to 15 million twenty-foot equivalent units (TEUs) of containers lifted, 13 years since…
Singapore to see 2% to 2.5% growth in 2015-2016—MAS
Despite the softening global economy, Singapore’s economy is expected to see a modest pace of growth of 2% to 2.5% in 2015, with risks…
UPS upbeat its ‘positive momentum’ to lead to strong full year profit
Global logistics giant United Parcel Service said it is on a continued “positive momentum” following its above-expectations earnings in the third quarter, as it…
Temporary permit for PNP-regulated chemicals extended to April
Philippine companies dealing with regulated chemicals may heave a sigh of relief at least for now with the government extending until April 2016 the…
PCCI suggests trade, logistics reforms to aid PH businesses
The Philippine Chamber of Commerce and Industry (PCCI) is proposing trade and logistics reforms that would help further ease doing business in the country.…
Bill raising tax exemption for balikbayan boxes folded into draft CMTA
Overseas Filipino workers and their families in the Philippines may soon no longer have to worry about paying taxes on their balikbayan (personal effects)…
Subic port container throughput up 50% in September
The Port of Subic handled 50% more containerized shipments in September compared to the same month last year. “As of last month, we have…
DOTC mounts Oplan Ligtas Biyahe for All Saints’ Day break
With the number of travelers expected to increase in the coming days due to the yearly observance of All Saints’ Day and All Souls’…
WTO trade facilitation deal to boost global exports by up to $1 trillion per year
The World Trade Organization (WTO) said the full implementation of the WTO Trade Facilitation Agreement (TFA) has the potential to increase global merchandise exports…
Asian exports reflect key trends in global container demand
Exports from Asia remain vibrant despite the sluggish pace of global economic growth, but they are also highlighting the areas of container trade growth…
Singapore’s factory output contracts 4.8% in September
The manufacturing performance of Singapore in all sectors except biomedical and chemicals declined 4.8% in September 2015 year-on-year, continuing the downward trend for the…
Vietnam eyes 6.5%-7% annual GDP growth over next 5 years
The government of Vietnam is setting a growth target of 6.7% for 2016 and an average annual gross domestic product (GDP) goal of 6.5% to…
Manila domestic port to adopt container booking system in 2016
Port operator Manila North Harbour Port, Inc. (MNHPI) will roll out the Terminal Appointment Booking System (TABS), along with other automation projects, at Manila’s…
PH trade facilitation efforts exceed ASEAN average—UN global survey
The Philippines’ efforts at implementing trade facilitation measures exceed the overall average in Southeast Asia and the Asia-Pacific, according to a just-released survey by…
BOC bids out P235M worth of IT projects
The Bureau of Customs (BOC) is seeking bidders to five information technology projects worth P235.5 million. On October 21 and 23, the BOC’s Bids…
An Idea Worth Pursuing
By RUPERT S. BAYOCOT, Director, Confederation of Truckers Association of the Philippines Both arrastre operators International Container Terminal Services, Inc. (ICTSI) and Asian Terminals…
BOC charges sugar importer for P13.7M misdeclared shipment
The Bureau of Customs (BOC) has filed smuggling charges against Blue Chelsea Enterprises for misdeclaring P13.7 million worth of refined sugar from China. The…
BOC enlists public help to nab erring officials, smugglers
The Bureau of Customs (BOC) is asking the public to become directly involved as the agency intensifies its campaign to cleanse its ranks of…
Nippon Express leads list of top international airfreight forwarders in PH
International airfreight forwarders operating in the Philippines shipped 324.763 million kilograms (kg) in 2014, 6.5% more than the 304.975 million kg reported in 2013.…