PHILIPPINE imports rose 38.9% in March to $4.543 billion from $3.270 billion in the same month last year on the back of a recovering…
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Status quo at PAL remains
PHILIPPINE Airlines (PAL) employees to be affected by the company’s restructuring program got some reprieve after PAL management announced recently it will wait for…
If it can’t get controlling share
Metro Pacific wants out of North Harbor venture METRO Pacific Investments Corp (MPIC), the local unit of Hong Kong’s First Pacific Co, is looking…
Subic cargo handler case vs SBMA to proceed
THE Office of the Ombudsman has found merit in the case filed by Subic cargo handling firm Amerasia Interna-tional Terminal Services, Inc (Amerasia) against…
Customs worries over poor collection of 5 ‘billionaire ports’
THE Bureau of Customs (BOC) is uneasy over the performance of its key collection districts even if overall targets for April and for the…
Look elsewhere for funds, NEDA tells PCG
THE National Economic and Development Authority (NEDA) has asked the Philippine Coast Guard (PCG) to look for other ways to finance the purchase of…
SLEX toll to rise 250% by June 16
THE new private operator of the South Luzon Expressway (SLEX) is increasing its toll fees by about P250% starting June 16. South Luzon Tollway…
Asia-Pacific airlines see higher cargo, passenger figures in April
AIR CARGO demand continued to perform strongly in April despite disruptions in the early part of the month due to ash spews of a…
ICTSI signs agreement with Port of Portland
OFFICERS of International Container Terminal Services, Inc. (ICTSI) and the Port of Portland in Oregon, USA recently signed a Memorandum of Agreement for a…
PPA turns the corner, posts 264% jump in 2009 income
THE Philippine Ports Authority (PPA) reported a 264.17% jump in net income for 2009 to P1.788 billion from a net loss of P1.089 billion…
INS’ DA import clearance system launch set next month
VALUE-ADDED service provider InterCommerce Network Service (INS) is launching its electronic import clearance system with the Department of Agriculture (DA) on June 23, coinciding…
Mercury Freight sees brighter business with new government
MERCURY Freight Int’l Inc (MFII) is optimistic that the entry of a new administration will bring more opportunities for the transport industry. The economic…
Incoming BOC chief faces gargantuan task
THE customs commissioner of the incoming administration will have a tough time meeting revenue targets given the current economic conditions, according to outgoing Customs…
Delta Air seeks fuel surcharge
DELTA Airlines recently filed a petition before the Civil Aeronautics Board (CAB) seeking to impose a fuel surcharge due to high fuel prices. The…
Local lines slap North Harbor operator with demurrage fee
A FEW domestic carriers are now charging North Harbor operator Manila North Harbour Port, Inc (MNHPI) a demurrage fee for delays in the servicing…
New PCG Law’s implementing rules confusing, say stakeholders
LOCAL and international shipping lines are batting for clear-cut language in the implementing guidelines of Republic Act (RA) 9333 or the New Coast Guard…
High fuel costs drag Nenaco first-quarter net income
DOMESTIC shipping operator Negros Navigation Co’s (Nenaco) net income fell 38% to P47.3 million in the first quarter of the year against last year…
ATS issues P5B notes for vessel purchase, capital requirements
ABOITIZ Transport System (ATS) will issue five-year corporate fixed-rate notes worth P2 billion. The proceeds of the issuance will be used to finance vessel…
Hanjin bags $500M project for 8 ships
HANJIN Heavy Industries Corp.-Philippines (HHIC-P) has cornered another multimillion-dollar contract to build at least eight vessels in its Subic shipyard. The newest batch of…
Mindanao box terminal doubles growth forecast
THE Mindanao Container Terminal (MCT) is doubling its volume growth forecast to 10% this year on hopes of more favorable trade following the recent…
