All five groups that submitted pre-qualification documents for the modernization of Davao-Sasa port are eligible to bid for the government’s first seaport public-private partnership…
The Latest
BIR, BOC agree to share data electronically
The Bureau of Customs (BOC) and Bureau of Internal Revenue (BIR) have agreed to enhance electronic exchange of information that will translate to cost…
HK air cargo traffic disappoints while Changi adds new freighter service
Hong Kong’s Cathay Pacific Airways saw cargo traffic flatten for July while Hong Kong International Airport (HKIA) posted an airfreight drop for the same…
Top 20 carriers improve scores in on-time reliability
Global shipping lines improved their overall schedule reliability for key trade lanes, rising to 76.5% in the second quarter of 2015 from 69.6% in…
PH Senate vows to green-light CMTA draft by end-Sept
The Senate Committee on Ways and Means is eyeing approval of the proposed Customs Modernization and Tariff Act (CMTA) on third and final reading…
PH airport projects attract 6 bidders despite TRO
Six groups have submitted qualification documents for five regional airport projects under the Philippine government’s public-private partnership (PPP) scheme despite a temporary restraining order…
Lorenzo swings to loss in a challenging first half
A market slowdown cut the cargo volume handled by listed Philippine domestic carrier Lorenzo Shipping Corp., leading to a net loss of P18.153 million…
Cebu Pacific’s profit swells 63% in first half
Higher passenger and cargo volumes boosted budget carrier Cebu Pacific Air’s net income in the first half of 2015 by 63.6% to P5.200 billion…
Harbor Star to expand business scope
Listed marine service provider Harbor Star Shipping Services, Inc. has secured approval from the Securities and Exchange Commission (SEC) to expand its business portfolio…
G6 calendars more Asia-Europe void journeys for October
The G6 Alliance said it plans to carry out additional four void sailings within its Asia-Europe network “in response to changes in market demand.”…
BOC to tighten rules on balikbayan boxes
The Bureau of Customs (BOC) will adopt stricter policies on balikbayan boxes by October, noting government is losing at least P50 million a month in…
ATI improves profit by 7.8% in first half
Listed port operator Asian Terminals Inc. (ATI) posted a net income of P1.005 billion in the first six months of 2015, up 7.8% from…
Indonesia projects growth of 5.5% next year, raises infra dev’t funds
Indonesia’s government has set the country’s gross domestic product (GDP) growth for next year at 5.5% year-over-year as stated in the draft 2016 State…
Number of domestic carriers on PH waters rises 8.6%
Domestic vessels plying Philippine waters increased 8.6% to 22,034 ships as of June 2015 from 20,280 vessels in the same period last year, data…
Foreign relief goods must now pass through BOC’s regular import facility
Importers and recipients of donations should from now on use the regular import facility of the Bureau of Customs (BOC) at the Ninoy Aquino…
Tianjin terminals restart operations but fears of congestion remain
The Port of Tianjin has reportedly started to resume container operations even as China’s state news agency Xinhua reports the death toll rising to…
PH production drops further but NEDA sees silver lining
The Philippine manufacturing sector continued to cool in June 2015 due to the sustained decrease in global demand and business interruptions during the rainy…
Cosco, CSCL merger to shake up East-West box trades—Drewry
The possible merger of box shipping lines China Cosco and China Shipping Container Lines (CSCL) could cause a domino effect on existing carrier alliances…
Harbor Star’s H1 income plummets 80%
Listed maritime services provider Harbor Star Shipping Services, Inc. reported an 80% decline in net income in the first half of 2015 due to…
DOTC, BOC among lowest scorers in latest poll of business execs
A good performance rating continues to elude the Department of Transportation and Communications (DOTC) and Bureau of Customs (BOC) as they again received negative…