The Philippine business delegation which joined President Gloria Macapagal-Arroyo’s trip to Spain views the unique modular technology on a roll on-roll off facility. The…
SPANISH TRIP
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Tanker industry in for rough sailing in 2008
THE tanker industry is bracing for tough times ahead. It faces a new requirement that needs massive investment as well as a new law…
Forex dominates rate increase talks
THE foreign exchange situation will be a crucial issue in talks for a cargo-handling rate increase, Asian Terminals, Inc. (ATI) chair Bryan Smith told…
Marina to audit class societies
The Maritime Industry Authority (Marina) will start auditing classification societies in the runup to a mandatory merger program. Marina will conduct the audit to…
Gov’t collectibles key to posting surplus at BOC
THE Bureau of Customs (BOC) is looking at including collectibles from other government agencies in its financial report to ensure the bureau meets its…
The Year That Was
THIS year has been very interesting in terms of developments in the customs and trade front. We will summarize these major developments and provide…
Hanjin to sink in $2B for Mindanao shipyard
AFTER Subic, Korean shipyard operator Hanjin Heavy Industries Corp. (HHIC) will inject an additional $2 billion in its Philippine operations to develop a shipyard…
Customs eyes higher import tariff to offset foreign exchange losses
THE Bureau of Customs (BOC) is proposing to increase the tariff on imported products to 5% to help the bureau plug collection loopholes estimated…
Petrolift IPO gets green light
THE Philippine Stock Exchange (PSE) has approved the proposed initial public offering (IPO) of Petrolift next month to support the company’s tanker refleeting program.…
Cavite ferry terminal soon to be constructed
THE Philippine Ports Authority (PPA) will build a ferry terminal in Cavite to connect the province to Manila next year. The terminal will be…
Air21, DHL to keep rates
EXPRESS firm DHL Express Philippines and local courier Airfreight 2100 (Air21) are holding their rates steady despite the recent spike in oil prices. “We…
VASP registration for corporations must be allowed
BROKERAGE houses and freight forwarding firms must be allowed to register with any of the Bureau of Customs (BOC)-accredited value-added service providers (VASPs), contrary…
Most cargo stats increase in first nine months
THE country posted its second consecutive increase in cargo throughput this year propelled by a more active foreign trade. Cargo volume for the first…
Implementation of the Revised Kyoto Convention (RKC)
THE Bureau of Customs (BoC) has already announced that the Revised Kyoto Conven-tion (RKC) will be adopted before the end of the year and…
Legal Issues Involving Customs Demand Letters
EARLY this year (March 12, 2007 column), we wrote about how importers are receiving demand letters from the Liquidation and Billing Division (LBD) of…
PCCI to help PPA look for funds for dredging projects
WHILE waiting for a new operator for the North Harbor, the Philippine Chamber of Commerce and Industry (PCCI) will help the Philippine Ports Authority…
Lorenzo takes delivery of vessel
MAGSAYSAY-owned Lorenzo Shipping Corp.(LSC) has taken delivery of one of three vessels, part of a refleeting program started two years ago when Magsaysay took…
Southern RP shippers: Abolish THC immediately
SHIPPERS from southern Philippines want the government to immediately reduce if not abolish the terminal handling charge (THC) being billed by international shipping lines.…
ATS posts net income of P480.8M for first nine months
ABOITIZ Transport System Corp. (ATS) reported a net income of P480.8 million in the first nine months of the year, a reversal from last…
Special purpose company for NH proposed
THE Philippine Interisland Shipping Association (PISA) is proposing the creation of a special purpose company to undertake the immediate modernization of North Harbor. Former…
