The Malaysian economy slowed to a 4.9% growth in the second quarter of 2015 compared to 5.6% in the first quarter, in response to…
Malaysia logs modest growth as domestic demand counters export decline
The Latest
PH ports observe international rules on dangerous goods handling—PPA
The handling of dangerous goods in the country’s ports complies with international guidelines, said the Philippine Ports Authority (PPA) in a statement issued on…
Batangas, Subic ports report spike in container volumes
Container traffic at the ports of Batangas and Subic sustained its upward climb, a trend seen to continue further this year, prompting port operators…
Another rally set against ‘anti-customs broker’ provision in CMTA
Customs brokers and customs administration students will be staging a protest action on August 27 at the Senate to oppose the proposed Customs Modernization…
ACL adds Manila South Harbor to its PH-Singapore feeder service
Singapore-based feeder Advanced Container Lines (ACL) has started calling Manila South Harbor on its North Philippines Service (NP1). ACL on its website said the…
2Go hikes profit 50% as core businesses do well in H1
2Go Group, Inc. posted a 50% increase in net income in the first half of the year, propelled by the positive performance of its…
BOC to auction off 200,000 overstaying sacks of rice
Overstaying cargoes including over 200,000 sacks or over 10 million kilograms of rice shipments are to be auctioned on August 25 by the Bureau…
PH Customs to extend work hours starting Sept
By September, stakeholders will have more time to complete their transactions with the Bureau of Customs (BOC) as the agency starts to implement a…
BOC seizes P40M worth of sugar, rice shipments
The Bureau of Customs (BOC) recently seized 26 forty-foot equivalent units (FEUs) of imported sugar and rice with an estimated value of P40 million…
Chemicals at blasted warehouse in Tianjin Port not yet known, authorities say
The dangerous chemicals stored in the warehouse that exploded on Wednesday local time in Tianjin Port, China, cannot be determined at the moment, authorities…
Maersk Line yields $507M profit despite lower freight rates
The Maersk group said it delivered a “satisfactory profit” in the second quarter of 2015 of US$1.1 billion against $2.3 billion in the same…
Evergreen signs order for ten 2,800-TEU intra-Asia newbuilds
The Evergreen group is positioning itself for an anticipated regional cargo boom as trade barriers in Asia continue to fall, ordering ten B-type newbuildings…
Singapore’s 2015 outlook eased down as Q2 growth softens
Singapore has narrowed its forecast for gross domestic product (GDP) growth in 2015 to 2% to 2.5% from 2% to 4% as its manufacturing…
Asia’s airfreight volumes capped by slowing trade
While advanced economies are in recovery mode, the slowdown in emerging markets is putting the brakes on the global airfreight momentum that began last…
DICT to spend P1.8B for additional berth, equipment
The Davao International Container Terminal (DICT) is allocating an estimated P1.8 billion to finance the second phase of its development in a move designed…
NEDA to decide on fate of P9B Cebu international seaport
The Department of Transportation and Communications (DOTC) will seek approval from the National Economic and Development Authority (NEDA) Board to construct a P9-billion international…
SBMA upgrades predictions for Subic port box traffic
The Subic Bay Metropolitan Authority (SBMA) has revised upward its projections for container traffic at the port to 130,000 twenty foot-equivalent units (TEUs) in…
PH accedes to aviation treaties, including Montreal Convention
The Philippine Senate recently ratified two resolutions related to the aviation industry: the country’s accession to the Montreal Convention 1999 (MC99), the single, universal treaty…
ICTSI first-half income contracts 1.3%
Global port operator International Container Terminal Services, In. (ICTSI) posted a 1.3% decline in net income in the first half of 2015, even as…
Compliance gaps in PH trade facilitation commitments to ASEAN identified
Despite progress in automating operations at the Bureau of Customs (BOC), there is much room for improvement in the Philippines’ efforts to fully meet…
