Chelsea Logistics and Infrastructure Holdings Corp. (CLIHC) earned P139 million in net income in the first quarter of 2019, 21% higher than the P115…
Chelsea Logistics books 21% income growth in Q1
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Cebu Pac, Cebgo Q1 income jumps 138% to P1.44B
Low-cost carrier Cebu Pacific and subsidiary Cebgo reported a net income of P3.426 billion in the first quarter of 2019, an increase of 138.4%…
PAL narrows Q1 loss by almost 70%
Philippine Airlines (PAL) reported a net loss of P60.81 million for the quarter of 2019, 69.8% lower than the P201.63 million posted in the…
BOC collection districts’ EPUs double as risk management units
The entry processing units (EPUs) of all of the Bureau of Customs’ (BOC) collection districts have been designated as regional risk management units (RRMUs)…
BIR reveals extortion scam using fake tax clearance certificates
The Bureau of Internal Revenue (BIR) has warned the public against unscrupulous individuals using fake tax clearance certificates to extort money from unsuspecting importers…
Chelsea Logistics secures SEC approval for new name
The Securities and Exchange Commission (SEC) has approved the name change of Chelsea Logistics Holdings Corp. to Chelsea Logistics and Infrastructure Holdings Corp. (CLIHC)…
ICTSI’s Q1 net income soars 71% owing to higher volumes
International Container Terminal Services, Inc. (ICTSI) posted a net income of US$81.5 million in the first quarter of 2019, 71% higher than the $47.7…
Hapag-Lloyd reports significantly improved Q1 earnings
Hamburg-based Hapag-Lloyd announced that its first-quarter 2019 financial performance is a significant improvement over the same period last year, citing an increase in volumes…
PPA approves HCPTI share transfer to ICTSI
The Philippine Ports Authority (PPA) Board has approved the transfer of 15.7% of the shares of Harbour Centre Port Terminal, Inc. (HCPTI) in Manila…
Budget deadlock reins in PH growth to 5.6%
The Philippine economy grew 5.6% in the first quarter of 2019, the slowest growth rate recorded in 16 quarters as the delay in the…
Once-a-year importers must directly apply for accreditation with BOC AMO
All once-a-year Philippine importers shall now apply for accreditation directly with the Bureau of Customs’ (BOC) Account Management Office (AMO). This is after BOC…
Air freight demand up globally except for Asia
Global air freight demand increased 0.1% in March 2019 year-on-year, with all regions posting growth except Asia-Pacific which contracted, according to data from the…
Only speed limits can achieve IMO’s 2030 GHG reduction target: EU study
A new study on greenhouse gas (GHG) emissions of ships says short-term policy measures on speed limits need to be quickly adopted by the…
PH manufacturing marks fourth straight month of decline
The Philippine manufacturing sector has dropped in both volume and value in March 2019, its fourth month in a row of decline, according to…
CAB tells stakeholders: Avoid handwritten checks, please
The Philippine Civil Aeronautics Board (CAB) is encouraging stakeholders making payments through checks to settle their future payments with typewritten/computerized checks to head off…
PH merchandise trade posts 10.5% growth in 2018
The Philippines’ total merchandise trade in 2018 increased 10.5% to US$182.15 billion from $164.81 billion in 2017, mainly due to the double-digit growth in…
BOC issues rules on processing CPRS activation, renewing brokers’ accreditation
The Philippine Bureau of Customs (BOC) has released guidelines and identified functions of offices that renew the accreditation of customs brokers and activate the…
Container rates fall for all major corridors in April—Xeneta
The latest XSI® Public Indices shows that container shipping rates declined by 4.2% in April to 104.45 points after two months of steady increases,…
Asia leads air freight traffic decline in March and Q1
Air cargo volumes in March 2019 were up a large 25% over a dismal February 2019 but down 2.4% year-over-year in terms of chargeable…
PH manufacturing output in April weakest in 19 months
Philippine manufacturing fell to a nine-month low of 50.9 in April 2019 from 51.5 in March 2019, as output dropped to a 19-month low…
